New Study Forecasts Automated Retailing Industry Should Continue to Grow
AVT is focusing on key product developments to secure greater market share in rapidly growing sectors
Jun 09, 2015, 09:20 ET
LOS ANGELES, June 9, 2015 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leading manufacturer of automated retailing systems, commented on a new report by Allied Market Research, the global self-service technology market should earn $31.75 billion by 2020, registering a CAGR of 13.98% during the forecast period 2015 - 2020.
"The deployment of different types of vending machines and technologically advanced kiosks has revolutionized the self-service industry by rendering an improved automation experience," according to the study.
The report, titled, "Global Self-Service Technology Market: Size, Share, Industry Analysis Trends, Opportunities, Growth Segmentation, and Forecast: 2014-2020," stated that there is a demand for self-service machines with wireless communications, remote management, and technological advancements.
Wayne Salvino, President of AVT, Inc., said the company has a heritage of innovation. "Take a look at some of the systems AVT has developed," Salvino commented. "You will find some of the most innovative machines in the world, with an array of technologies that have moved far beyond traditional vending."
Salvino said that AVT's strength is in providing self-service solutions that are customized to meet specific needs. "Whether it is to dispense an item as delicate as a cupcake or premium sunglasses, or as robust as a propane tank or carpet cleaning equipment, AVT has developed a wide variety of systems that help companies enter the automated retailing sector, quickly and efficiently."
For information on AVT, call (877) 424-3663, or visit: www.autoretail.com.
Forward Looking Statements:
This announcement includes "forward-looking statements" within the meaning of the safe harbor provisions of United States securities laws. These statements are based upon current beliefs and expectations of company's management and are subject to significant risks. Forward-looking statements can be identified by terminology such as "believes," "may," "should," or similar expressions. Forward-looking statements involve risks that may cause actual results to be different from those implied by such statements. Forward-looking statements speak only as to the date they are made. The Company does not update forward-looking statements after the date they are made.
SOURCE AVT, Inc.
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