Global Quick Service Restaurant IT Market: Overview
The quick service restaurants IT market is increasing at a quick pace. Today, quick service restaurants are innovating as well as adopting solutions, for instance, the point of sales solutions, digital signage, digital menu cards, kiosks and handheld devices, in a bid to provide differentiated services.
Global Quick Service Restaurant IT Market: Growth Factors
Some of the major aspects supporting the development of the quick service restaurant IT market worldwide comprise accommodating government policies, regulations related to QSR IT implemented by different sectors in different regions around the globe. With growing demand for advanced technology and automation in quick service restaurants, the global market is projected to witness high expansion in coming years. The effect of these and other various macro-micro economic aspects is likely to expand the market development models.
Global Quick Service Restaurant IT Market: Segmentation
The global quick service restaurant IT market is classified in terms of component and region. The divisions of this market, in terms of component, comprise software, hardware, and service. The hardware division can be further categorized into kiosks, digital signage, point of sales, and drive-thru terminals, digital menu cards, and handheld devices. The hardware division is projected to increase at a significant growth rate in the coming years. Among the different hardware sub-division, point of sale devices segment is projected to register the highest development in the coming years. Kiosks and digital menu card are some of the most significant hardware sub-divisions in the global quick service restaurant IT market. The software division can be fragmented into, inventory management, front of house, labor management, reconciliation, data analytics, HR software, restaurant operation, marketing related solution, franchise management, and support operation.
The demand and requirement for software division are likely to increase in the coming years. The front of house sub-division within the software division is expected to hold the leading share. On the other hand, the reconciliation sub-division is projected to go beyond other sub-divisions based on growth rate. This is mostly owing to increasing requirement for accurateness in financial dealings. Some other major software solutions in the global market comprise data analytics, inventory management, marketing solution, and franchise management.
Global Quick Service Restaurant IT Market: Regional Analysis
In terms of region, the global quick service restaurant IT market is classified into the Asia Pacific, North America, the Middle East and Africa, Europe, and South America. Currently, North America is likely to hold the leading regional market for the global quick service restaurant IT market owing to the occurrence of a huge number of quick-service restaurants with several attempts by QSRs to spend on in-house IT to serve their customers in a better way. On the other hand, Asia Pacific is projected to observe a rapid growth rate in the near future on the back of acceptance of superior technology in quick-service restaurants in developing economies such as India and China.
Global Quick Service Restaurant IT Market: Competitive Players
Some of the most important market players in the global quick service restaurant IT market are CAKE Corporation, Verifone Systems Inc., Abcom Pty Ltd., Delphi Display Systems Inc., Cognizant, HM Electronics Inc., GoFrugal Technologies Pvt. Ltd., LG Display Co. Ltd., Imagine Print Solutions, NCR Corporation, Microsoft Corporation, Oracle Corporation, NEC Display Solutions of America Inc., PAR Technology Corporation, Panasonic Corporation, Revel Systems Inc., and Restaurant Service Solutions, among others.
Global Quick Service Restaurant IT Market: Regional Segment Analysis
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