The global quick service restaurant IT market was substantial in 2020 and is projected to experience a rapid and continuous growth in revenue from 2021 to 2028. The driving factors behind this growth in market revenue include the increasing adoption of smartphones, the growing trend of automation, the surge in digitalization, the rapid urbanization, and the heightened awareness of available technologies.
Quick service restaurants, often referred to as fast food restaurants, specialize in providing food that requires minimal preparation time and can be served quickly and efficiently. These establishments offer convenient options for take-out or take-away, where the food is prepared in advance and kept warm until it is served. They typically feature a limited menu that can be prepared within a short timeframe.
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Top Companies Operating in the Global Quick Service Restaurant IT Market Report:
- CAKE Corporation
- Verifone Systems Inc.
- Abcom Pty. Ltd.
- Delphi Display Systems Inc.
- NCR Corporation
- Panasonic Corporation
- Microsoft Corporation
- Burger King India Pvt. Ltd.
- Jubilant FoodWorks Limited
- PAR Technology Corporation
- Restaurant Service Solutions
- Revel Systems, Inc.
- Verifone Systems, Inc.
The factors that drive the industry's growth are highlighted in the report. The report divides the Quick Service Restaurant IT market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Quick Service Restaurant IT market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Quick Service Restaurant IT market is provided to gain a deeper understanding of its growth and progress.
The global Quick Service Restaurant IT market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Component Outlook (Revenue, USD Billion; 2018-2028)
- Hardware
- Software
- Service
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Small Consumers
- Large Consumers
- Others
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