The Rise of Connected Vending Machines: LE Vending Leads the Way
LE Vending: One-stop smart vending solutions for OCS, food, retail, hospitality, universities, healthcare and transportation hubs.
We are thrilled to announce that LE Vending has been highlighted as a significant player in the vending machine industry in the 6th edition of Berg Insight's Connected Vending Machines report. This recognition places us among the global leaders driving innovation and transformation in the vending sector.
A Thriving Market for Connected Vending Machines
The vending industry has seen remarkable growth in connected solutions, with Berg Insight estimating that 11.4 million vending machines will be online globally by 2028. The adoption of connectivity in vending machines, though introduced over two decades ago, has gained momentum only in recent years. Today, around 44 percent of the world’s nearly 14.8 million vending machines are connected, marking a significant shift in how the industry operates.
This growth is fueled by increasing demand for cashless payment options and advanced telemetry systems that enable vending operators to enhance their operational efficiency. The impact of these technologies has been transformative, particularly in optimizing supply chains, reducing operational costs, and enhancing customer experiences.
Global Growth and Market Trends
In 2023, the global installed base of connected vending machines reached an estimated 6.5 million units. Growth is particularly pronounced in:
Asia: This region leads the Rest of the World category, accounting for approximately 2.5 million connected machines.
North America: With 2.3 million connected machines, this region ranks as the second largest market.
Europe: Hosting an estimated 1.8 million connected machines, Europe is another key player in this evolving market.
Berg Insight projects a compound annual growth rate (CAGR) of 11.8 percent, with the global penetration of connected vending machines expected to reach 71.3 percent by 2028.
LE Vending: A Leader in Innovation
As highlighted in the report, LE Vending has been recognized alongside global leaders like Cantaloupe, Nayax, Ingenico, and Televend. With our strong presence in Asia and Europe and expanding footprint in international markets, we are proud to contribute to the advancement of connected vending solutions.
Our innovative approach integrates IoT technology, cashless payment systems, and smart telemetry into our vending machines, ensuring that our solutions not only meet but exceed the expectations of modern consumers and operators.
Shaping the Future of Vending
At LE Vending, we remain committed to advancing the vending industry by embracing cutting-edge technology and providing tailored solutions that enhance efficiency and user experiences. Being recognized as an important player in Berg Insight’s report reinforces our mission to lead the industry into a smarter, more connected future.
We look forward to continuing our journey of innovation and collaboration with partners and customers worldwide. Together, we can redefine the possibilities of vending.
For more information about our products and services, visit our website at www.levendingus.com.
