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Vending Machines: A mature IoT segment that will see 20 million connections in 2032

  • Internet of Things
  • IoT
  • Hyperconnectivity
  • Smart Vending Machines
  • Connected Vending
  • Ticket Machines
  • Ticketing Vending Machines
  • Ticketing Machines
  • TVM
  • Paras Sharma
  • Matt Arnott
This report summarises the status and forecasts from the Vending Machines Application Group found in the Transforma Insights Connected Things IoT forecast. The report provides a description of what is covered in the Application Group, as well as top-level figures from the forecast that provide detail on how many connected devices will be installed, the types of communication technology used and the total revenue opportunity. Full details are accessible through the TAM Forecast tool.

This report provides Transforma Insights’ view on the connected Vending Machines market. This segment comprises two segments: Goods Vending Machines (including hot drinks, food, and sundry items) and Transport Vending Machines (dispensing transport tickets).

The connected vending machines market is a mature market which is expected to witness a slow growth due to use of contactless payments and the business efficiencies achieved via remotely maintaining unattended machines. Companies are looking to attract customers to use vending machines in order to take advantage of the low maintenance and operational cost in comparison to operating shops. Vending machines are connected mostly via cellular networks for fast and remote data processing.

The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite and others), as well as the revenue split between module, value-added connectivity and services. A full set of forecast data, including country-level forecasts, sector break-downs and public/private network splits, is available through the IoT Forecast tool.

  • Aeguana
  • AEP Ticketing Solutions
  • Azkoyen
  • Crane Merchandising Systems
  • Coca-Cola
  • Krauth Technologies
  • Sigma Spa
  • Westomatic
  • Internet of Things
  • Hyperconnectivity
    • Retail & Wholesale
    • Transportation & Storage