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Technavio’s market research analyst predicts the global intelligent vending machine market to grow exponentially at a CAGR of above 30% by 2021. One of the primary drivers for this market is the rise in the number of cashless vending machines. This rise is due to the growing customer preference towards paying for purchases through mobile devices or credit or debit cards than by cash. To comply with this customer preference and increase sales revenue, companies are installing vending machines that accept credit or debit cards and mobile payment options. Further, the emergence of NFC technology has propelled the growth of cashless vending machines. Since consumers always carry their smart devices (smartphones, phablets, and tablets), this growing adoption of NFC technology is providing significant convenience to the user for operating cashless vending machines. Also, secure payment gateways and increased efficiency of network operators will augment the growth of the intelligent vending machines market in the coming years.