The Demand for Intelligent Vending Machines

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.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. FinancialBuzz.com has been compensated three thousand dollars for financial news dissemination and pr services by a third party non affiliate for generation next franchise brands. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:
Media Contact: [email protected]
+1-877-601-1879
Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com