Press release
Global IT Spending in Food Delivery Marketplace to grow at a CAGR of 37% over 2015-2019
Food delivery companies such as Delivery Hero, Foodpanda, TinyOwl are increasingly gaining traction among investors. Technavio expects investor funding in the food delivery market to multiply 10 times over the next 3 to 5 years. Investments in IT by these companies are predominantly for acquiring commercial off-the-shelf-technology such as hardware, software, and storage and security solutions. These investments are aimed at helping food delivery companies keep pace with their growing customer base, and to drive revenue growth by helping them understand their customers needs and offer customized services.
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Big data analytical tools enable food delivery companies analyze data such as customers history and preferences, which in turn allows them to offer customized services. Also, the use of predictive analytical tools improves inventory management at restaurants.
Technavio's analysts forecast the global food delivery marketplace in IT spending to grow at a CAGR of 37% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global food delivery marketplace in IT spending for the period 2015-2019. To calculate the market size, the report takes into account the IT spending by food delivery companies. The food delivery marketplace players considered in the report are of two types:-
Players delivering food from restaurants to consumers, excluding ownership of logistics
Players delivering food from restaurants to consumers, including ownership of logistics
The market is divided into the following segments:
Hardware
Software
Services
Technavio's report, Global Food Delivery Marketplace in IT Spending 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, the Americas, and EMEA. It covers the market landscape of the global food delivery marketplace in IT spending and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Key regions
Americas
APAC
EMEA
Key vendors
HP
IBM
Microsoft
NetSuite
Other prominent vendors
Ciklum
Citrus Pay
Infosys
MapmyIndia
Oracle
Paypal
PayU
TCS
Zaakpay
Market driver
Proliferation of smartphones
For a full, detailed list, view our report
Market challenge
Issues pertaining to secure payment gateways
For a full, detailed list, view our report
Market trend
Increasing investments in IT to gain visibility in social media
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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