As per research analysis, the US is the leading country in the Global Intelligent Vending Machine market due to the availability of secure and user-friendly cashless payment options in the retails stores in this country. However, intense competition among vendors operating in this market is posing a huge challenge to the growth of this market.
The Americas region has a whole contributed more than 49 percent of the total market revenue in 2013. This was followed by the EMEA region where Germany and the UK were the leading countries contributing to the revenues. Followed by Japan and China in the APAC region. However, the rate of adoption in the APAC countries was lower due to the low awareness and high cost of implementing these machines.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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