Facts about the Retail industry
1NCE is used preferably for Point-of-Sale Terminals, Electronic Shelf Labeling, and Vending Machines
Top countries: Germany, France, Croatia, Great Britain, Italy, Greece, Portugal, Spain, China, Poland
Typical deployment size 1-10k
Facts about the Retail industry
1NCE is used preferably for Point-of-Sale Terminals, Electronic Shelf Labeling, and Vending Machines
Top countries: Germany, France, Croatia, Great Britain, Italy, Greece, Portugal, Spain, China, Poland
Typical deployment size 1-10k
As reported by Berg Insight, the retail industry has deployed more than 72 million cellular IoT connections in total by 2019, while it is expected to grow to a sizable market comprising nearly 116 million devices worldwide by the end of 2024. These devices encompass a wide range of equipment, including point-of-sale payment terminals, ATMs, vending machines, parking meters, digital signs, and fare collection devices. The increase in the amount of retail equipment and IoT connections is primarily driven by the ability to optimize retailers’ supply chains and offer personalized shopping experiences.
1NCE is observing a rapid adoption of IoT by the Retail industry for the above tasks. These IoT initiatives span a diverse range of countries, including Germany, France, Croatia, Great Britain, Italy, Greece, Portugal, Spain, China, Poland.
Source: Transforma Insights
The number of use cases in the retail industry and IoT varies from Electronic Shelf Labeling to Smart Vending Machines and ATMs. Find more about most frequent applications below:
Smart Vending Machines IoT
According to Berg Insight, currently, approximately 28 percent of the world's 15 million vending machines are connected, and it is anticipated to reach 8.9 million units by 2024. Consumers are increasingly favoring the convenience, security, and operational efficiency offered by digital payment methods, making these connected vending machines a strategic response to evolving preferences.
Electronic Shelf Labeling IoT
One of the most extensive IoT-enabled applications within Retail is electronic shelf labeling which encompasses 2.7 billion connected devices according to Transforma Insights. The rapid adoption of wirelessly powered Electronic Shelf Label (ESL) systems/digital price tags is set to revolutionize retail pricing and efficiency.
Point of Sale Terminals IoT
Devices for processing retail transactions.
Below find some other popular use cases within the industry:
Use Case | Description |
|---|---|
Ticket machines | Machines for issuing event or transport tickets. |
Collection machines | Devices for accepting payments or donations. |
Customer satisfaction terminals | Tools for gathering customer feedback. |
Slot machines | Gaming machines, often found in casinos. |
Kiosks | Interactive self-service stations. |
Digital signage | Electronic displays for advertising and info. |
ATMs | Automated teller machines for cash transactions. |
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1NCE has updated its executive team, naming Sven Adler as CFO, Arne Aßmann as CSO, Jennifer Haag as CHRO, Nicolas Martinez-Fresno as CSMO, and Ivo Rook as Co-CEO.
Frost & Sullivan gave 1NCE its Customer Value Leadership Award, which recognizes companies that offer products or services customers find superior for the overall price, performance, and quality.
Visit the 1NCE Shop and start connecting your IoT devices easily. Simply order your SIM cards, choose the desired type of SIM card and fill out all required forms. After the payment has been approved you get your cards within seven to ten business days.
