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San Jose, California (PRWEB) June 10, 2015

Follow us on LinkedIn – Vending machines are currently undergoing a digital transformation, given the growing trend towards Internet-connected devices. The introduction of ‘Internet of Things’ (IoT) into the vending market is facilitating the conversion of traditional vending machines to go beyond just offering snacks and beverages to provide a more engaging and interactive retail experience to users. Armed with various hi-tech features, intelligent vending machines offer a more interactive, personal, and fun experience to customers, while enabling operators and brands to use data analytics and cloud services to enhance efficiency and reduce operational costs. Rapid urbanization and resulting increase in traffic at public places is further strengthening the business case for intelligent vending machines.

Connected vending machines have evolved to become smarter with the use of big data and analytics which help businesses interpret consumer behavior and preferences to design safe, secure, and appropriate product options. Cashless transactions coupled with the emergence of mobile commerce (m-commerce) offers potential growth opportunities for automatic merchandising. With non-food and high priced product vending becoming popular, cashless machines are poised to fuel future growth in the market. Intelligent vending machines perform automatic currency rendering calculations at lightning speed making it far more efficient than manual calculations which are prone to errors. In addition, regulations to display product warnings and accurate and clear product nutrition information, including calorie count, is further driving the adoption of intelligent vending machines.

As stated by the new market research report on

Intelligent Vending Machines, the US represents the largest regional market worldwide. Factors driving growth in the market include greater demand for healthy vended foods, advances in technology such as cashless payment systems, decreasing equipment costs, and manufacturer’s focus on extending product availability. Asia-Pacific is forecast to emerge as the fastest growing market with a projected CAGR of 15% over the analysis period. Growth in the region is led by increasing urbanization, rise in disposable incomes, changes in consumer food consumption habits, and urban lifestyles, among others.

Key players covered in the report include Vending Machine Manufacturers such as Azkoyen Group, Bianchi Vending Group S.p.A., Crane Co., FAS International SpA, Fuji Electric Co., Ltd., Jofemar SA, MEI, Inc., N&W Global Vending SPA, Rheavendors Group, Sanden Corp., SandenVendo America, Inc., Seaga Manufacturing, Inc., VE Global Vending, Inc, Westomatic Vending Services Ltd., and Vending Solution Providers such as Cantaloupe Systems Inc., Ingenico S.A., Intel Corporation, and USA Technologies Inc., among others.

The research report titled “Intelligent Vending Machines: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in dollars for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia and Rest of Asia-Pacific) and Rest of World.

For more details about this comprehensive market research report, please click here

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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Las Vegas, NV (PRWEB) December 12, 2011

Extraprise, the leader in right time revenue optimization services for B2B and B2C enterprises, reported more than 50% growth in customer interactions in 2011 from multi-channel marketing campaigns executed by its i2i database marketing and demand generation services for some of the worlds largest brands. The customer interactions are in the tens of millions, representing engagement in online and offline marketing channels, for B2B and B2C enterprises across every country and continent worldwide. Several major vertical markets are represented including high technology, financial services, pharmaceuticals, business services, publishing, and travel. Extraprise will be offering its i2i Marketing Services, focused on marketing strategy, customer intelligence, lead generation, lead nurturing and qualification, and marketing operations, at NCDM 2011 in Booth 211.

The explosion of Big Data across online and offline channels is driving marketers toward greater levels of complexity, said Mike Shanker, CEO and co-founder at Extraprise. Marketers are increasingly seeking to harness Big Data issues through customer intelligence that applies smarter segmentation to their multi-channel marketing campaigns at every stage of the customer life cycle.

Indeed, the explosion of data and customer interactions is making it a marketing mandate to use right time revenue optimization to drive revenue performance. According to a recent Gartner report, enterprise data are expected to grow at 650% in the next five years, with 80% of that data being unstructured and driven by customer conversations in call center notes, social media posts, CRM systems, and email. Consumer conversations are likewise exploding with Pricewaterhouse-Coopers estimating more than 100 million English language blogs and over 20 million discussion forums. The same Pricewaterhouse-Coopers study cites that the top five challenges to using consumer conversations involve the lack of people, processes, and technologies to make customer intelligence actionable. Extraprises i2i Marketing Services are designed to apply customer intelligence to multi-channel marketing campaigns with the right offer, at the right time, to optimize revenue.

For Extraprise clients, the Big Data explosion has fueled an increase in the number of inbound and outbound campaigns, in some instances, by more than 30%. In one series of campaigns, applying customer intelligence and smarter segmentation with more sophisticated multi-channel marketing campaigns produced a conversion rate of 35%. The elevated levels of increased response, driven by more segmented campaigns, demonstrates the velocity in which Big Data drives revenue performance.

Extraprise is the leader in right time revenue optimization services for B2B and B2C enterprises, creating customer intelligence and using it to drive multi-channel marketing campaigns at the right time and in the right places throughout the customer life cycle. Offering an expansive list of its i2i marketing services spanning data management, customer intelligence, marketing strategy, lead generation, lead nurturing and qualification and marketing operations, Extraprise services are scalable and seamlessly compatible with marketing automation and CRM solutions. Clients of all levels of marketing maturity have the flexibility to start and grow with the services they need.

About Extraprise Group Inc.

Extraprise is the leader in right time revenue optimization services for B2B and B2C enterprises, offering the only demand generation services that combine customer intelligence with multi-channel marketing campaigns at the right time in the customer life cycle. Spanning a comprehensive set of services from lead generation to nurturing to closed sale, and upsell and cross-sell, Extraprises i2i demand generation services are suitable for clients at all levels of marketing maturity. Delivered through its Guaranteed Success Program as a hosted or on premise service, Extraprise continually meets the evolving marketing needs of its customers by driving tens of millions of customer interactions resulting in hundreds of thousands of buying opportunities from every country and continent. For more information, visit http://www.extraprise.com or call +1(888)i2iMKTG or email info(at)extraprise(dot)com.

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