NEW YORK, March 16, 2017 /PRNewswire/ --
FinancialBuzz.com News Commentary
The intelligent vending machines industry is growing rapidly due to raising demand for healthy vended foods and development of cashless payment technology. According to a new report published by Grand View Research, the global intelligent vending machines market is expected to reach USD 11.84 billion by 2025. The increasing penetration of the Internet of Things (loT) into the vending market, provides a more interactive retail experience to customers. In addition, the introduction of new payments technologies, such as Near-field Communication (NFC), drives the growth of the market by offering customers easier and faster ways of payment. Generation NEXT Franchise Brands (OTC: VEND), Intel Corporation (NASDAQ: INTC), USA Technologies Inc. (NASDAQ: USAT), Crane Company (NYSE: CR), Wal-Mart Stores Inc. (NYSE: WMT)
Packaged drinks are the fastest growing segment in the market. According to the report, the market demand for packaged drinks was valued at USD 569.2 million in 2015 and is projected to grow at a CAGR of 14.8% over the forecasted period. Rising focus on healthy lifestyles is a major factor that drives the growth in this segment. Nowadays, drinks such as juices, water and milk are more popular as they are low in calories. The report also indicated that North America dominated the intelligent vending machines market, while Asia Pacific region is growing at the fastest pace over the next nine years.
Generation NEXT Franchise Brands (OTCQB: VEND) parent company to Fresh Healthy Vending LLC, the market's leading healthy-choice vending machine franchise, Reis and Irvy's, Inc., the world's first robotic frozen yogurt vending kiosk, 19 Degrees, a corporate-focused frozen yogurt kiosk brand and Generation NEXT Vending Robots, a newly established owner/operator model. The Company hosts over 350 active franchisees throughout the United States, Canada, Puerto Rico and the Bahamas
On March 6th, Generation NEXT Franchise Brands announced, 'that it has launched Generation NEXT Vending Robots Inc., an internal subsidiary whose purpose will be the creation, development and manufacturing of new robotic vending concepts that will utilize the many features from recently acquired design and utility patents. With the overwhelming interest and growth of Reis & Irvy's (http://www.reisandirvys.com), a fully-automated robotic frozen yogurt vending machine franchise, Generation NEXT decided to increase its focus towards other products that could utilize the patents it owns that not only cater to frozen confectionary but also, and broadly, to 'food and beverage.' Generation NEXT Vending Robots Inc., will be solely focused on the creation, development and manufacturing of a new range of robotic vending machines.'
"With the ownership of these patents, Generation NEXT Franchise Brands and more specifically our newly-formed Generation NEXT Vending Robots Inc., is poised to change the landscape of robotic vending technology," said Nick Yates, the Company's Chairman and Founder. "Our goal is to identify food and beverage consumables, like we have already with frozen yogurt and ice cream, that can be delivered using our patented robot vending technologies. Our objective is to identify consumables that are subject to brick and mortar infrastructure that we feel need a little disruption."
Intel Corporation (NASDAQ: INTC) has created the Intel® IoT Retail Gateway Reference Design for Intelligent Vending which provides a solution for re-architecting traditional vending machines into highly-capable, Internet-connected machines that can offer engaging consumer experiences, drive business transformation, support new transaction models, and reduce operating costs. The key building blocks include an Intel® IoT Gateway, vending machine I/O (VMI) board, and vending machine API. This solution provides an 'all-in-one' architecture for vending, which eases software management as well as provides a future-proofed compute platform and reduces engineering time through VMI design work available in the Intel Retail IoT Gateway for Intelligent Vending, also supported by an established supply chain.
Payment technology provider of cashless and mobile transactions in self-serve retail, USA Technologies Inc. (NASDAQ: USAT), has conducted a six-month study testing targeted point-of-sale advertising of Apple Pay, across 35 vending machines located in New York and Louisiana. Based on the results showing a steady upward trajectory in mobile payment usage, USAT concluded that smartphone users shown digital advertising at point-of-sale through the ePort Interactive platform are more apt to pull out their iPhone to make a purchase, and even spend more. Results were a 36.5% increase in overall sales, 44.6% increase in total transactions, 55.5% increase in revenue through contactless purchases, and 135.2% increase in overall mobile payment usage.
Crane Company (NYSE: CR) is the leading global manufacturer of innovative solutions for vending machines, cashless systems, software and wireless communications. Crane Vending Solutions businesses sell to vending operators and food and beverage companies throughout the world. They create value for customers through innovation, reliability, durability and reduced cost of ownership. Crane is the only manufacturer to provide payment solutions, vending management software and wireless communication technology along with its full line of vending equipment. These integrated offerings are indicative of the segment's innovative, value-producing initiatives.
American multinational retailing corporation, Wal-Mart Stores Inc. (NYSE: WMT), subsidiary that is a membership-only retail warehouse club, Sam's Club, offers over 20 different drink & snack vending machines. Its top selling vending machine is the indoor installation only, 'Selectivend Advantage Plus Combination Vending Machine', a delivered ready to plug-in, price and operate. The machine has a premium electronic coin changer accepts $.05 to $1 coins. An automatic bill acceptor/stacker accepts $1 and $5 bills. Featuring individual electronic pricing of product from $0 through $99.95, no price labels are needed. A credit/debit card add-on option is available for this machine. Industry leading warranty and support.
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