Quick Service Restaurant Market 2023 Industry Synopsis, With Growth At A CAGR Of 8.88%

Market Square Insights, a leading market research firm, has released its latest report on the Quick Service Restaurant (QSR) market. The report provides an in-depth analysis of the QSR market, including trends, drivers, challenges, opportunities, market sizing, and forecast data.

According to the report, the QSR market is estimated to reach 13296.62 million in 2028 at a CAGR of 8.88% during the forecast period 2023-2028. The growth is driven by factors such as the increasing demand for convenience and fast-paced lifestyles, the rise of e-commerce and mobile ordering, and the expanding global middle class.




What are the fuelling factors for the market?

• The Asia-Pacific region is expected to experience the highest growth rate in the QSR market due to the expanding middle class and increasing urbanization.

• The use of digital technologies, such as mobile ordering, self-ordering kiosks, and delivery platforms, is becoming increasingly common in the QSR market. Consumers are seeking greater convenience and speed, and QSRs are using technology to meet these demands.

• The trend towards healthier eating is having an impact on the QSR market, with consumers seeking healthier menu options. QSRs are responding by offering a variety of healthier options, including vegetarian and vegan options, salads, and low-calorie meals.

• The QSR market is highly competitive, with a large number of players vying for a share of the market. QSRs that can differentiate themselves through their menu offerings, marketing strategies, or technology integration are likely to be successful.

• Government regulations, such as minimum wage laws and food safety regulations, can have an impact on the profitability of QSRs. Changes in regulations can create challenges for QSRs, especially smaller operators.

• The COVID-19 pandemic has had a significant impact on the QSR market, with many QSRs forced to close temporarily or switch to delivery and takeout-only operations. The pandemic has accelerated the trend toward online ordering and delivery, and QSRs that have been able to adapt to these changes have been more successful.





Market analysis:

Key Companies Profile in the Report:
Verifone Systems Inc
NCR Corporation
Cognizant
PAR Technology Corporation
NEC Display Solutions of America
Inc.
LG
Panasonic Corporation
Oracle Corporation
Delphi Display Systems
Inc
HM Electronics
Inc.
Revel Systems
PAX Technology
SZZT Electronics
Shenzhen Xinguodu

By Type:
Hardware
Software
Service

By Application:
Large Consumers
Small Consumers




What do Articles from a leading newspaper have to say?

• According to the Economic Times Quick service restaurant market is expanding at a faster rate with India being the center of attraction for global investors.

• A recent article in financial express says "The development of the food and drinks industry is pushed basically by developing nations like India, China, and Brazil, as the economies of these countries improve and more individuals are lifted into the working class."

• According to the free press journal "India's food service market is anticipated to project robust growth in the forecast period with an impressive CAGR of 11.19 percent and reach USD 79.65 billion by 2028"




Global Data Indicators Analyzed:

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2015-2022 & Sales by Product Types.

• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook for 2021-2030. Further, the report provides breakdown details about each region & country covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.

• Market Analysis by Product Type: The report covers the majority of Product Types in the Quick Service Restaurant (QSR) IT Industry, including its product specifications by each key player, volume, sales by Volume, and Value (M USD).

• Market Analysis by Application Type: Based on the Quick Service Restaurant (QSR) IT Industry and its applications, the market is further sub-segmented into several major Applications of its industry. It provides you with the market size, CAGR & forecast by each industry application.

• Market Trends: Market key trends include Increased Competition and Continuous Innovations.

• Opportunities and Drivers: Identifying the Growing Demands and New Technology.

• Porter's Five Force Analysis: The report will provide the state of competition in the industry depends on five basic forces: the threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.




Key Reasons to Purchase:

> To gain insightful analyses of the market and have a comprehensive understanding of the global market and its commercial landscape.
> Assess the production processes, major issues, and solutions to mitigate the development risk.
> To comprehend the industry's most important driving and restraining forces, as well as their influence on the global market.
> Learn about the market strategies used by the most successful companies in their fields.
> To understand the future outlook and prospects for the market.

Besides the standard structure reports, we also provide custom research according to specific requirements.

The report focuses on the Global, Top 10 Regions, and Top 50 Countries Market Size of Quick Service Restaurant (QSR) IT 2015-2022, and development forecast for 2021-2030 including industries, major players/suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2021.




Highlights of the Table of contents of the report:

I. Executive Summary
II. Introduction
III. Market Overview
IV. Competitive Landscape
V. Market Segmentation
VI. Technology Trends
VII. Consumer Trends
VIII. Regulatory Environment
IX. Future Outlook and Opportunities
X. Conclusion




Sources of information:

• Market research reports and industry analysis from reputable firms such as Euromonitor International, Technavio, and IBISWorld.

• Financial reports and earnings calls from major QSR companies, such as McDonald's, Subway, KFC, Taco Bell, and others.

• Industry publications such as QSR Magazine, Restaurant Business, Nation's Restaurant News, and Fast Casual.

• Government websites and reports, such as the Bureau of Labor Statistics and the Food and Drug Administration.

• Academic and scholarly articles from peer-reviewed journals.

• Surveys and polls conducted by research firms, industry associations, and QSR companies.

• Interviews with industry experts, analysts, and key stakeholders.

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At Market Square Insights, we understand research requirements and help a client in taking informed business-critical decisions. The company focuses on helping clients achieve transformational growth by assisting them to make crucial business decisions. At Market Square Insights, we diligently study emerging trends across various industries at global and regional levels, to identify potential opportunities for our clients.

This release was published on openPR.