Quick service restaurant IT market is growing because of the increase in the quick service restaurant to generate new ways of revenue to beat competition which is rising at a rapid pace. Rising use of technology and mobile payment is also fueling the growth of quick service restaurant IT market. The quick service restaurant must be equipped with updated IT infrastructure. According to The State of the Specialty Food Industry, food industry continues to grow at a strong clip with dollar sales hit up to USD 127.0 billion, a 15.0% jump in total sales between 2014 and 2016. As per the U.S. Food and Agriculture Industries, in 2017, the food and agriculture industries are the active contributors to the US economy, accounting for around USD 6.79 trillion or 20.4% of total national output. Thus, the above factor shows that the food industry is growing and will derive the demand of quick service restaurant IT.
The Global Quick Service Restaurant IT Market is expected to reach USD 18,664 million by 2025 from USD 10387.33 million in 2017 and is projected to grow at a CAGR of 7.6% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Quick Service Restaurant IT Market, By Component (Hardware (Digital Signage, Kiosks, Drive Thru Terminals, Point of Sales, Handheld Devices, Digital Menu Cards), Software (Front of House, Inventory Management, Reconciliation, Labor Management, HR Software, Data Analytics, Marketing, Restaurant Operation, Support Operation, Franchise Management), Service), Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025
Complete report on Global Quick Service Restaurant IT Market Research Report 2018-2025 spread across 350 Pages, profiling Top companies and supports with tables and figures
Key Questions Answered in Global Quick Service Restaurant IT Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Quick Service Restaurant IT Market in 2025?
- What are the key factors driving, Analysis by Applications and Countries Global Quick Service Restaurant IT Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Quick Service Restaurant IT Market?
- Who are Opportunities, Risk and Driving Force of Global Quick Service Restaurant IT Market?
- Who are the opportunities and threats faced by the vendors in Global Quick Service Restaurant IT Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Quick Service Restaurant IT Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- Abcom Pty Ltd.
- CAKE CORPORATION
- Delphi Display Systems Inc.
- GoFrugal Technologies Pvt. Ltd.
- HM Electronics Inc
- Imagine! Print Solutions
- LG Display Co. Ltd.
- Microsoft Corporation
- NCR Corporation
- NEC Display Solutions of America, Inc.
- Oracle Corporation
- Panasonic Corporation
- PAR Technology Corporation
- Revel Systems, Inc.
- Restaurant Service Solutions
- Verifone Systems, Inc.
- The Wendy’s Company
- Restaurant Brands International
- Dunkin’ Brands Group
- Many more.
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Market Drivers and Restraints:
- Growing innovation and customization in food menu
- Rising innovation in food packaging
- Growing demand for advanced technology and automation
- Fluctuations in food commodities prices
Customize report of “Global Quick Service Restaurant IT Market” as per customers requirement also available.
Global Quick Service Restaurant IT Market is segmented on the basis of
Market Segmentations in Details:
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Analysis: Global Quick Service Restaurant IT Market
The global quick service restaurant IT market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of quick service restaurant IT market for global, Europe, North America, Asia Pacific and South America.
In 2018, Quick Service Restaurant signed a deal with Texas Chicken for 80-restaurants. The franchisee will open and operate locations primarily in Indonesia which is one of the fastest growing markets for the fried chicken giant.
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