Press release
Quick Service Restaurant IT Market : Understanding of Competitive Landscape and Major Key Product Segments for 2024
In the years to come the growing competition as well as the adoption of new technological solutions like Data Analytics (in both front and backend operation) and mobile devices is predicted to carry forward the growth of the quick service restaurant market in the United States.
Quick service restaurants are predicted to invest majorly in software based solutions so as to attract more customers and ultimately increase the sales revenue. Many quick service restaurants are likely to change their existing kiosks and signature solutions that could take the market growth in the hardware sector forward. Plus, with the upgrading and introduction of new software for restructuring daily business operations, it is predicted that the service as well as software segment will grow.
Since social and digital media plays a very important role today, quick service restaurants too are realising the importance of digital and social media as a way to reach audiences and thus improve their marketing. Moreover, many customers today are preferring the use of quick service restaurants with kiosks systems, as it reduces the waiting time considerably. Thus, with the customer's demand for quick and convenient services, the quick service restaurant industry players have to adapt so that they don't lose their customers to their rivals. As the quick service restaurant industry adopts digital technology and business intelligence solutions more and more, the need for customer handheld devices, digital menu cards, IT ( marketing and front of house Data Analytics), POS, Kiosks, signage systems, is predicted to rise noticeably.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=S&rep_id=3089
Quick Service Restaurant IT Market: Trends And Opportunities
Component wise, the United State's Quick Service Restaurant IT market is dominated by the hardware sector, as in 2015 it had the highest revenue, US$1.99 BN, in the market. The software segment is predicted to grow at the fastest CAGR of more than 9.9% during the said period. The using of IT services for operations like human resource management, data analytics, inventory management, customer support, marketing, and franchise management is now becoming common in the United States Quick Service Restaurants.
The front of house segment, that consists of ways of enabling the online/mobile ordering, will emerge as a major income generator in the years to come in the quick service restaurant IT market. This segment of ordering through a mobile will rise at a CAGR of 10.8% during the years 2016 to 2024. Because of the growing number of smartphone users in the United States, the sub segment of mobile ordering will see the fastest growth.
Ask An Expert @ https://www.tmrresearch.com/sample/sample?flag=ASK&rep_id=3089
Vendor Landscape:
The quick services restaurants market is extremely fragmented and faces great rivalry from its competitors. In 2015, only 25% of the overall share was accounted by the top 5 companies in the entire market. The buyers are at a ruling position because of the existence of a great number of software providers in the quick service restaurant market. However, post installation maintenance costs, upgradation costs, high costs of hardware products, base installation costs, lead to digitization being costly and thus act as a hindrance in its growth across small-sized quick service restaurants in the United States. To solve this problem and to widen their customer base, vendors in the quick service restaurant market are focusing to provide lowly priced as well as customisable solutions which can take into use the previously existing IT infrastructure. Huge number of companies in the quick service market are providing extra warranty, long term financing, as well as cloud based solutions by collaborating with financial Institutions so as to appeal to this bunch of end user.
Read Comprehensive Overview of Report@ https://www.tmrresearch.com/us-quick-service-restaurant-it-market
About Us
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Quick Service Restaurant IT Market : Understanding of Competitive Landscape and Major Key Product Segments for 2024 here
News-ID: 951054 • Views: …
More Releases from TMR Research
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction
A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are…
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot
The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030.
The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute…
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot
The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030.
The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to…
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot
Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation…
More Releases for Quick
Microgrid Quick Quote Tool
May 18, 2021 | Scale Microgrid Solutions: We are excited to announce that we have developed a Microgrid Quick Quote tool that is now available for facilities located within the PG&E and SCE utility service areas.
We’ve always aimed to simplify microgrid projects, like with our Rapid Response Modular Microgrid (R2M2), which expedites the project development timeline and reduces costs by leveraging a modular, productized solution. Now, you can take the…
Quick Way to Safe Applications
logi.cals Offers the Safety Modular System for the IIoT Age
Functional safety is the future: it is used in more and more areas, from wind energy to power tools, and from automotive to aerospace engineering. Many manufacturers are therefore faced with the challenge of integrating (additional) safety functions into their components and applications. In addition, this safety should be as 'smart' as possible today, i. e. going beyond simply disconnecting…
Spotify Listing on NYSE - Quick Facts
News, research and market information provided by Bouchard Fintech
The music streaming success known as Spotify is about to make its grand entrance onto the publicly traded space. The big splash is set for the coming days and the company will be listed on the NYSE.
Spotify was started over ten years ago and is based in Sweden. The basic service is offered at no cost but the company also has…
Workplatforms Quick Reaction with Quick Reach
Derby: Workplatform Ltd provided the Manchester based hire company “Quick Reach” with 13 new Genie Runabouts, to bolster its new location in London, within 24 hours from receipt of order. Workplatform are an authorised Genie distributor working closely with the leading manufacturer to offer a fast and reliable service to meet the needs of all our customers including those based in the hire industry.
“We are increasingly finding that rental companies…
Quick Historical Review I
"Egypt is the most important country in the world," Napoleon Bonaparte said in his first interview with the governor of St. Helena. This sounds grandiose, but Egypt does rank high among the countries of the world for its longevity as a civilization, the roles it has played in history, and its strategic location. Most people in the world have heard of it. No doubt Egypt owes its fame in part…
Quick, Flexible and Network-Compatible
Bizerba presents the GLM-I series product portfolio for fully automated labelling
Balingen, 29th June 2010 – In the industrial food and non-food sector, every minute counts when it comes to weighing and labelling. The fully automated labeller of the GLM-I series is keeping pace with the rising speed of the industry. It can automatically feed a huge range of package sizes, align, weigh and label up to three sides – using…
