LOS ANGELES, June 9, 2015 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leading manufacturer of automated retailing systems, commented on a new report by Allied Market Research, the global self-service technology market should earn $31.75 billion by 2020, registering a CAGR of 13.98% during the forecast period 2015 - 2020.
"The deployment of different types of vending machines and technologically advanced kiosks has revolutionized the self-service industry by rendering an improved automation experience," according to the study.
The report, titled, "Global Self-Service Technology Market: Size, Share, Industry Analysis Trends, Opportunities, Growth Segmentation, and Forecast: 2014-2020," stated that there is a demand for self-service machines with wireless communications, remote management, and technological advancements.
Wayne Salvino, President of AVT, Inc., said the company has a heritage of innovation. "Take a look at some of the systems AVT has developed," Salvino commented. "You will find some of the most innovative machines in the world, with an array of technologies that have moved far beyond traditional vending."
Salvino said that AVT's strength is in providing self-service solutions that are customized to meet specific needs. "Whether it is to dispense an item as delicate as a cupcake or premium sunglasses, or as robust as a propane tank or carpet cleaning equipment, AVT has developed a wide variety of systems that help companies enter the automated retailing sector, quickly and efficiently."
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Forward Looking Statements:
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SOURCE AVT, Inc.