Smart Vending Market Seen Hitting $53B by 2034 on IoT, Cashless Push
Global – October 28, 2026 -- The global intelligent vending machine market is projected to grow from $11 billion in 2025 to more than $53 billion by 2034, a compound annual growth rate of 18% from 2026 to 2034, according to Fortune Business Insights. Rising use of cashless payments and wider adoption of IoT and connected technologies drive the expansion.
Smart modules replace multi-vendor hardware integration in vending machine design
Smart modules combine high-performance computing with wireless connectivity in a single unit. Traditional modules require extensive development of external hardware and software, and manufacturers must work with multiple vendors to integrate different technologies. Telit Cinterion, which sells smart modules, says the embedded design reduces physical footprint, shortens development cycles and cuts time to market.