CORONA, Calif., April 29, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in the design and development of custom kiosks and automated retailing units, commented today on the announcement that TechNavio, the independent global research company, reported that the Intelligent Vending Machine market in the US will be grow at a Compound Annual Growth Rate of 54.3% during 2014-2018.
"The US is the leading country in the Global Intelligent Vending Machine market," the report stated, due in part to the advancement of technologies and the availability of cashless payment systems.
AVT is a leader in the development of award-winning, innovative Intelligent Vending Machines. Their new PC and Android-powered systems have been featured in the latest generation units for Marley Coffee Automated Kiosks, Burrito Box, Utique Stores, and Medbox.
AVT's Android-powered and PC-based technologies can display interactive ads; accept credit, debit and mobile wallet payments; allow users to redeem coupon codes; and collect data to be relayed back to the operator when a product needs to be restocked or if a machine needs servicing. AVT systems also are designed to help engage consumers through patented technology that illuminates the displays as the customer browses or shops through a touchscreen interface.
"The retail market is always changing, and AVT is at the cutting edge of new technologies and innovations that draw in customer interest and stimulate purchasing decisions," Shannon Illingworth, Founder and Chairman of AVT commented. "Today, it's not enough to put products in a box. Now we can engage the consumer, provide value, and develop brand loyalty through an automated platform."
To determine the forecast for the vending market over the next 3-4 years, TechNavio analysts conducted in-depth analysis of the impact of market drivers, challenges and trends, utilizing data on product segmentations, growth rate by revenue, and an evaluation of buying criteria.
For more information on the TechNavio Research Report, visit:
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SOURCE AVT, Inc.