The rental of vending machines has been a popular business for decades.
Now it is getting a boost thanks to the emergence of new technologies.
Vending machines are used in many places across the world to dispense items such as food, drinks, and toiletries, but in Ireland, the industry is set to expand exponentially as the city prepares for the 2020 Summer Olympics.
Vendors have long been wary of moving into the public market, especially after concerns about crime, but with a new generation of vending machine operators coming on board, they believe the industry will be on a stronger footing than it has been for decades and is set for a big boom in the coming years.
It is estimated that over 40,000 vending machines will be in use in Dublin in 2020, with a further 15,000 expected to open in Cork, Limerick, Waterford, Galway and Galway Bay in the next 12 months.
This is despite the fact that the number of vending kiosks has dropped by almost 80 per cent over the past five years.
The number of licensed vending machines is expected to grow by around 70 per cent in 2020.
The city’s vending machines, which can be found in many restaurants and bars, will be replaced by automated kiosks, where customers will be able to pay for items such in-store services, online, or with a credit card.
The new machines are expected to be ready by the end of the year, with more than 2,500 already operating in Dublin.
These kiosks will be installed in bars, restaurants and coffee shops, with up to two in each location.
A spokesperson for the city’s licensing authority, which regulates the city, said that in order to ensure a safe and secure environment for the public, they will need to review all vending machines before they are licensed.
However, they said the city was not planning to allow the use of vending devices in the public.
“Vending machine operators will be required to use a safe, secure and accessible space to operate,” the spokesperson said.
“This will include ensuring that they can easily access any of their vending machine, and that they have the necessary tools and equipment to operate safely.”
Dublin City Council said that the city had no plans to make the move, adding that the machines were only for use by licensed vending operators.
It added that the new machines will not be able access vending kiosk technology in the city and will be monitored by CCTV cameras and a centralised system.
Dublin will also require the vending machines to be registered with the city within two years of the start of the programme, which is expected in late 2019.
The move is the latest in a series of steps the city has taken to ensure its residents are able to buy items online.
The first of these was the introduction of a digital wallet in March 2016.
In 2017, the city also introduced a digital ticketing system, which was rolled out in January 2018.
In May 2018, the Department of Finance announced that it was planning to roll out a new vending machine vending technology.