Insights on Global Quick Service Restaurants IT Market and Forecast Assumptions for the Period 2017 – 2025

In order to study the various trends and patterns prevailing in the overall market for Quick Service Restaurants (QSR) IT, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Quick Service Restaurant IT Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global quick service restaurants (QSR) IT market is primarily gaining from the increasing need of quick service restaurants to devise new ways of revenue generation to beat competition which is rising at a rapid pace. Today, QSRs are innovating and adopting solutions such as digital signage, point of sales solutions, digital menu cards, handheld devices, and kiosks in a bid to offer differentiated services.

Apart from this, the rising adoption of mobile payment solutions is also stoking growth of QSR IT market. This requires quick service restaurants to be equipped with a robust and up to date IT infrastructure.

A report by Market Research Reports Search Engine (MRRSE) projects the global QSR IT market to clock a CAGR of 7.6% during the forecast period between 2017 and 2025, for the market to reach a valuation of US$18,664.0 mn by the end of 2025.

Quick Service Restaurants (QSR) IT consist of hardware, software and service. These components are often used for automating various processes in quick service restaurants. QSR IT market report provides analysis for the period 2015 – 2025, wherein the period from 2017 to 2025 is the forecast and 2016 is the base year. The report covers all the major trends and recent developments playing influential role in the QSR IT market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to impact market’s growth during the said period. Some of the factors supporting the growth of the market globally include supportive government policies, acts and regulations associated with QSR IT adopted by various industries in various regions around the world. With increasing demand for automation and advanced technology in quick service restaurants, the market is expected to experience high growth in coming decade. The impact of these and other macro-micro economic factors has been analyzed while developing the market growth models. The study provides a complete perspective on global QSR IT market’s evolution throughout the above mentioned forecast period in terms of revenue (in US$ Mn).

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Quick Service Restaurant IT Market: Market Segmentation

The report segments the market on the basis of component and region. On the basis of component the QSR IT market is segmented as hardware, software and service. In terms of hardware the QSR IT market is segmented as Digital Signage, Kiosks, Drive Thru Terminals, Point of Sales, Handheld Devices, Digital Menu Cards. The software segment is further classified into Front of House, Inventory Management, Reconcillation, Labor Management, HR Software, Data Analytics, Marketing, Restaurant Operation, Support Operation and Franchise Management. The global QSR IT market is segmented on the basis of region into North America, Europe, Asia-Pacific, Middle East & Africa and South America. North America is expected to hold the largest market share in the global QSR IT market.

Quick Service Restaurant IT Market: Competitive Landscape

The report also highlights the competitive landscape of the global QSR IT market. Abcom Pty Ltd., CAKE Corporation, Cognizant, 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, Restaurant Service Solutions, Revel Systems, Inc. and Verifone Systems, Inc. are some of the major players operating within the QSR IT market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling. The report also provides a detailed competitive analysis of the key players in the market and identifies various business strategies adopted by them. Leading players are currently focusing on providing cost competitive and customized products to the customers. Moreover, as part of this strategy, the companies are engaging in various strategic partnerships, acquisitions, focusing on expanding their business through new service additions and geographical presence.

Global QSR IT Market

Global Quick Service Restaurants IT Market, By Component

Hardware
Digital Signage
Kiosks
Drive through 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
In addition, the report provides analysis of the global Quick Service Restaurants IT market with respect to the following geographical segments:

North America
Europe
Asia-Pacific
Middle East and Africa
South America

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This release was published on openPR.