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Digital Food Management Market Size, Growth, Market Analysis, Segmentation, And Forecast To 2033
Digital Food Management Market Overview
As per the report, the digital food management market size has grown rapidly in recent years. It will grow from $2.52 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The digital food management market size is expected to see rapid growth in the next few years. It will grow to $4.82 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%.
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Surge Of Digital Food Management In Online Ordering And Contactless Dining
The increasing demand for convenience in online ordering and contactless dining is expected to propel the growth of the digital food management market going forward. Online ordering and contactless dining refer to restaurant services that allow customers to place orders and make payments without interacting closely with staff members or touching shared surfaces. Digital food management streamlines online ordering and contactless dining by enhancing efficiency, accuracy, and customer convenience through automated processes and real-time data integration. For instance, in October 2023, according to the Hotel Tech Report, a US-based hotel management software provider, from March 2020 to March 2021, there was a rise in the use of food delivery apps among American consumers, growing from 38% to 47%. Therefore, the increasing demand for convenience in online ordering and contactless dining is driving the growth of the digital food management market.
Revolutionizing Food Product Lifecycle With Next-Generation PLM
Major companies operating in the digital food management market are launching new technologies, such as next-generation product lifecycle management (PLM) solutions, to increase their profitability in the market. Next-generation Product Lifecycle Management (PLM) solutions in digital food management refer to advanced digital systems that optimize and integrate every stage of a food product's lifecycle, from ideation and development to distribution and disposal, using cutting-edge technologies. For instance, in May 2021, Centric Software, a US-based software company, launched Centric Food and Beverage PLM. This modern web and mobile app platform enhances team collaboration and strategic decision-making with features such as digital boards and product portfolio management. It supports various workflows, including 3D and CAD-neutral, and integrates with enterprise systems for effective vendor collaboration and calendar management.
The digital food management market covered in this report is segmented -
1) By Type: Software Solutions, Hardware Solutions, Services
2) By Technology: Computer-Aided Design (CAD), Computer-Aided Engineering (CAE), Sales Force Automation (SFA), Enterprise Resource Planning (ERP), Other Technologies
3) By Application: Food Safety, Marketing, Other Applications
4) By End-User: Restaurants And Cafes, Fast Food Chains, Catering Services, Hotels and Hospitality, Food Trucks, Other End Users
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Major companies operating in the digital food management market report are Oracle Corporation, Uber Technologies Inc., Block Inc., Booking Holdings Inc., DoorDash Inc., Just Eat Takeaway.com, Roper Technologies Inc., Toast Inc., Grubhub Inc., Deliveroo, Zoho Corp. Pvt. Ltd., Lightspeed POS Inc., CBORD Group Inc., The CBORD Group Inc., AGILYSYS INC., TouchBistro Inc., Kellton Tech Solutions Ltd., HungerRush LLC, Omega Softwares Inc., iNECTA LLC, Tastewise Technologies Ltd., GOFRUGAL Technologies, APICBASE NV, Profileprint PTE LTD.
Contents of the report:
1. Executive Summary
2. Digital Food Management Market Report Structure
3. Digital Food Management Market Trends And Strategies
4. Digital Food Management Market - Macro Economic Scenario
5. Digital Food Management Market Size And Growth
…..
27. Digital Food Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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