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Quick Service Restaurant (QSR) IT Market to Benefit from Increased Demand for Digital Technologies to Attract Digitally-inclined Consumers

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Published on : Jan 05, 2018

ALBANY, New York, Jan 05, 2018: A recent market research report added to the portfolio of ResearchMoz.us presents an overview of the present growth dynamics and the future growth potential of the global quick service restaurants IT market. The report, titled “Quick Service Restaurant (QSR) IT Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” states that the market will exhibit a promising single-digit CAGR over the period between 2017 and 2025 present a lucrative revenue opportunity over the said period.

The report states that the market, consisting of the variety of software solutions, hardware, and services that are often utilized for enabling automation across a number of processes and operations associated with quick service restaurants, has benefitted massively from the intense rise in competition in the field of quick service restaurants in the recent years. So as to achieve a profitable run in the highly competitive environment, quick service restaurants are required to engage into practices and adopt solutions that can attract more customers. With solution such as digital signage, digital menu, usage of handheld devices for placing orders, and drive thru terminals, quick service restaurants are trying to engage today’s consumers that are highly inclined towards innovations in digital technologies.

The demand for automation solutions capable of bringing down costs and time to consumers is also working favor of adoption of a variety of IT solutions in the field of quick service restaurants. This trend is also expected to emerge a key driver for the market in the next few years. The report presents an assessment of other key factors comprising the ones that could foster, challenge, or shape the growth dynamics of the market over the report’s forecast period in a notable way.

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The report segments the global QSR IT market based on a variety of criteria for a thorough understanding of the market. The market has been segmented based on aspects such as component and geography. Based on component, the global QSR IT market has been segmented into services, software, and hardware. The key hardware components utilized in a digital QSR ecosystem include digital signage, drive thru terminals, kiosks, handheld devices, digital point of sales, and digital menu cards.

In terms of software products, the global QSR IT market has been segmented into inventory management, labor management, reconciliation, franchise management, support operation, HR software, marketing, data analytics, and restaurant operation. From a geographical point of view, the report covers the QSR IT market across regions such as Europe, North America, Middle East and Africa, Asia Pacific, and South Africa. Of these, the market in North America is likely to account for the dominant share in the overall market over the report’s forecast period.

The report also covers the vendor landscape of the global QSR IT market in great details. Along with details such as revenue, recent developments, business strategies of companies, and SWOT analysis, the detailed business profiles of some of the leading companies in the global QSR IT market are also included in the report. Some of the leading companies operating in the global QSR IT market profiled in the report are Delphi Display Systems, Inc., Abcom Pty Ltd., GoFrugal Technologies Pvt. Ltd., NEC Display Solutions of America, Inc., Imagine! Print Solutions, Oracle Corporation, LG Display Co. Ltd., HM Electronics, Inc., Cognizant, Microsoft Corporation, NCR Corporation, CAKE Corporation, Restaurant Service Solutions, Verifone Systems, Inc., Revel Systems, Inc., PAR Technology Corporation, and Panasonic Corporation.

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