Kiosk Solutions Oct-Nov 2017 | Page 15

vending machines Smart vending Developments in control electronics enable a vending machine that’s much more capable than simply vending products By Fabrizio Petris, Senior Business Development Manager, Omron Electronic Components Europe B.V. – www.components.omron.eu Vending machines are a relatively unrecognised, but fast growing, market opportunity for the electronics industry. That growth is being driven by a new class of unit: the intelligent vending machine, which marries the convenience and accessibility of instant, on the spot transaction fulfilment with the tailored, entertaining and connected retail experience that customers now expect. According to a March 2017 report from Grand View Research, this market is expected to reach USD 11.84 billion by 2025. Each and every one of these machines will encompass electronic systems to facilitate the interaction with the user, to control product and cash dispensing and to manage energy use. What solutions are available to create this new breed of intelligent vending machines? Intelligent vending machines Essentially, this new breed of intelligent vending machines offers a purchasing experience that is personal and individual for each user. The machines themselves can be tailored to the application, in terms of colour, size, space and dispensing rate, which is essential as roll-outs can be quite small. They also embrace the Internet of Things paradigm, and are fully connected offering cloud-based server support, scanning tools, and value added services based on web-based interaction. Vendors can use the Internet to update content for their interactive platforms and present custom advertising. What are these new vending machines selling? While the range of goods on offer is huge, food and beverage is one of the largest markets: especially hot drinks. Research and Markets found that the hot drinks segment dominated the industry, accounting for more than 62% of the overall volume due to the surging demand for refreshment drinks. Many of these machines are located in offices, as they facilitate employees grabbing a quick snack in between breaks without the need of placing an order and waiting for it to be processed. Identifying the customer The barista in your favourite coffee shop will quite naturally greet a business executive, an elderly lady and a teenager very differently. The more engaged staff will try and tempt the customer with a croissant, a cake or a healthy snack depending on their experience of what this kind of customer or even this KIOSK solutions 15