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Age Verification service

Fast. Secure. User-friendly.

ID verification software companies are providing the solutions that are app or web based, when in the physical retail world it requires the physical automated age verification solution. Exactly as physical vending machines or self-checkouts, physical payment devices and other physical peripheral.

Add-on device for unattended retail

Two-step ID & Age verification process

Facial recognition
Document scan

Competitors

If we take into consideration how many ID verification failed on this market – example CIVIC verification company, it wasn't the right approach as they left automated retail market. People don't want to use the app, and they didn't, they are overwhelmed of the apps right now. In case they go to the grocery store, and they'd like to purchase age restricted products – they take their ID with them, and providing it to the cashier. Our secret sauce that makes us sustainable on the market is physical hardware that automates a process of age verification and doesn't require an app or pre-registration. Saving mostly the same customer experience, but in an automated way.

Digital identity
Mobile app
Manual process
Cannabis vending machines
Biometric finger print
Appbased solution
Online age verification
Web based solution
Requires pre-registration
Use finger vein mapping technology
ID check only
Obsolete technology
No two-factor authentication

Total addressable market (USA)

The global unattended retail market size was valued at USD 51.91 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 10.7% from 2022 to 2030. Increasing demand for on-the-go snacks and beverages due to the hectic lifestyles of consumers is boosting product sales through vending machines.

The industry growth can also be attributed to the ability of these machines to deliver goods quickly, making it an extremely convenient option for consumers. From offices to high-end restaurants and crowded bars to public places, accessing food & beverage items is made simple with our unattended retail solutions. This, in turn, is likely to drive their demand.

U.S. unattended retail Market

Size, by application, 2020–2030

10.4%

U.S. Market CAGR,
2020–2030
$12.1B
2020
$13.1B
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
Commercial places
Offices
Public spaces
Others
grandviewresearch.com

Unattended retail market report scope

Market size value in 2022
$56.28B
Revenue forecast
$129.40B
Growth rate
Growth rate
Base year for estimation
2017–2020
Historical data
2017–2020
Forecast period
2022–2030
Quantitative units
Revenue in USD million/billion and CAGR from 2022 to 2030

The potential addressable market is $129.4B

2M+
Total unattended retail solutions in US
649K · 31.2%
Drinks & Snacks
52K · 3%
Other products
21K · 1%
Tobacco
Unattended retail solutions that can be equipped with Age / ID verification
52K · 8%
Alcohol
12.5K · 20%
CBD
10.4K · 50%
Tobacco
130K
Age verifier

130K

Quantity of current unattended retail solutions that can be equipped with Age Verifier

$1,200

Estimated annual contract value per device

Age Verifier roadmap

Sustainable growth with existing customers, aggressive sales and finalizing hardware and software for complete ID verification solution in the retail world

October–November 2022
Opening LLC in the US and sales office
Exhibiting at AltPro and MJBIZ expos to gain connections, feedback, customers and age restricted markets insights
Growing with the existing customers and win new leads on the market
December 2022–March 2023
Aggressive direct sales
Find distributors in every US state
Preparation for a patents, licenses, and certifications
April–August 2023
Offer to manufacturers for integration
Submission of documents for a initial patent
Ordering outsource-developed for CAV's needs biometric camera board
September–February 2023/2024
Client onboarding, i.e., recognizes returning customers by their face
Attending relevant exhibitions to get more connections, visibility, transparency, new leads and sales
March–September 2024
Research of other markets such as UK, Australia and EU for future growth and expansion
Adapt the system to recognize ID's from E-Wallets, such as Apple Wallet, Google Wallet etc
Mobile app to engage loyal customers to increase sales and their satisfaction level through promotions

Business Model

HeSaaS business model
Fee from sales + Hardware
Lock-in effect
Hardware enable SaaS
Hardware cost
1–10 units
$2,499
11–50
$2,199
51–100
$1,999
101+
$1,699
Verification service plans
Business account activation fee
$300
S
M
L
XL
Min fee
$100
$80
$60
$50
Units
1–10
10–15
51–100
101+
Verification
$0.5
$0.4
$0.3
$0.25

Revenue and profit

Projection of devices in operation in 2023-2030 at every point of sale
Such as self-checkouts, pick-up points, vending machines, ticket counters, grocery entrances and many others

$335.7K

Revenue from sold devices

$479.7K

Total revenue
Verification service income
Hardware income

$96K

Total profit
Verification service
Hardware selling

$671.5K

Revenue from sold devices

$1.1M

Total revenue
Verification service income
Hardware income

$215K

Total profit
Verification service
Hardware selling

$1.1M

Revenue from sold devices

$2M

Total revenue
Verification service income
Hardware income

$563M

Total profit
Verification service
Hardware selling

$2.8M

Revenue from sold devices

$4.9M

Total revenue
Verification service income
Hardware income

$1.9M

Total profit
Verification service
Hardware selling

$4.9M

Revenue from sold devices

$9.1M

Total revenue
Verification service income
Hardware income

$4.5M

Total profit
Verification service
Hardware selling

$10.1M

Revenue from sold devices

$18.6M

Total revenue
Verification service income
Hardware income

$10.7M

Total profit
Verification service
Hardware selling

$22.1M

Revenue from sold devices

$40.1M

Total revenue
Verification service income
Hardware income

$25.7M

Total profit
Verification service
Hardware selling

$43.4M

Revenue from sold devices

$80M

Total revenue
Verification service income
Hardware income

$54M

Total profit
Verification service
Hardware selling

More products

This device opens up the possibility to get into payment system business

Payment

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