Food Delivery Mobile Application Market Forges Ahead with New Launches and Expansions

The mobile applications for food delivery are gaining popularity worldwide with more and more people, especially the younger generation opting for mobile apps for online ordering of food. This is because food delivery apps overcome the disadvantages of the traditional queueing system.

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They also make ordering food hassle free and simple. Orders are generated without having to explain it to a restaurant staff and the food is delivered right at the customer's doorstep without him or her requiring any traveling. The platforms allow you to browse menus from your favorite local restaurants, select what you wish to eat, and submit your order with a click of a button. The payment is usually cashless via a credit or debit card if it's an online delivery or via cash if it's a cash on delivery. The food then gets delivered to your doorstep after some time. Some of the popular online food delivery apps include GrubHub, Uber Eats, Food Panda, Zomato, Swiggy, DoorDash, Seamless, and Postmates.

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The growing use of smartphones, high penetration of internet, and the rise in living standards of consumers in the developing nations drive the growth of the food delivery mobile application market. Moreover, the growing investment in digitalization, as well as the teaming up of different restaurants with the application developers, are reshaping the market. As per the report published by Allied Market Research, the food delivery mobile application market is likely to garner $16,605 million by 2023, growing at a CAGR of 27.9% from 2017 to 2023.

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Analyst Says,

"iOS deployment platform is expected to witness highest growth rate during the forecast period owing to rise in standards of living in the developing countries, increase in expenditure on luxury smartphones, and technological advancements in the design and features of iOS. Android deployment platform contributed the largest share of revenue in the global food delivery mobile application market and is expected to witness second highest growth rate during the forecast period owing to its easy accessibility, open-source platform, and deployment in a large portion of smartphone brands".

Dominating Market Players Profiled in this Study:

•Apple Inc.
•CA Inc.
•Cognizant
•Google Inc.
•IBM Corporation
•Mendix
•Microsoft Corporation
•Red Hat Inc.
•SAP SE
•Zoho Corporation Pvt. Ltd.

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