The Intelligent Vending Machine market in the US to grow at a CAGR of 54.3 percent: TechNavio Report

LONDON - Jan. 8, 2014 - PRLog -- TechNavio, the independent London-based global research today announced that Intelligent Vending Machine market in the US will be grow at a CAGR of 54.3 during 2014-2018.

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.

If you are interested in more information on this topic and our upcoming research on Global Intelligent Vending Machines Market 2014-2018 (http://www.technavio.com/report/global-intelligent-vendin...), please send an e-mail to media@technavio.com.


About TechNavio

TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.

TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Intelligent Vending Machines Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.

Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.

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