Global QSR IT Market To Clock A CAGR Of 7.6% During The Forecast Period Between 2017 And 2025, To Reach A Valuation Of US$18,664.0 Mn

Researchmoz added Most up-to-date research on "Quick Service Restaurant (QSR) IT Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its huge collection of research reports.

Quick Service Restaurants (QSR) IT consist of hardware, software and service. These components are often used for automating various processes in quick service restaurants. QSR IT market report provides analysis for the period 2015 – 2025, wherein the period from 2017 to 2025 is the forecast and 2016 is the base year. The report covers all the major trends and recent developments playing influential role in the QSR IT market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to impact market’s growth during the said period. Some of the factors supporting the growth of the market globally include supportive government policies, acts and regulations associated with QSR IT adopted by various industries in various regions around the world. With increasing demand for automation and advanced technology in quick service restaurants, the market is expected to experience high growth in coming decade. The impact of these and other macro-micro economic factors has been analyzed while developing the market growth models. The study provides a complete perspective on global QSR IT market’s evolution throughout the above mentioned forecast period in terms of revenue (in US$ Mn).

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Quick Service Restaurant IT Market: Market Dynamics

The market overview section of the report establishes the market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. Using these factors, the study identifies various trends prominent in the industry and are expected to influence the market growth during the forecast period from 2017 to 2025. An attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the QSR IT market. In addition to this, the report provides an overview of various strategies adopted by the key players engaged in global market. Key market indicators included in the report provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period.

Quick Service Restaurant IT Market: Market Segmentation

The report segments the market on the basis of component and region. On the basis of component the QSR IT market is segmented as hardware, software and service. In terms of hardware the QSR IT market is segmented as Digital Signage, Kiosks, Drive Thru Terminals, Point of Sales, Handheld Devices, Digital Menu Cards. The software segment is further classified into Front of House, Inventory Management, Reconcillation, Labor Management, HR Software, Data Analytics, Marketing, Restaurant Operation, Support Operation and Franchise Management. The global QSR IT market is segmented on the basis of region into North America, Europe, Asia-Pacific, Middle East & Africa and South America. North America is expected to hold the largest market share in the global QSR IT market.

Quick Service Restaurant IT Market: Competitive Landscape

The report also highlights the competitive landscape of the global QSR IT market. Abcom Pty Ltd., CAKE Corporation, Cognizant, Delphi Display Systems, Inc. GoFrugal Technologies Pvt. Ltd., HM Electronics, Inc., Imagine! Print Solutions, LG Display Co. Ltd., Microsoft Corporation, NCR Corporation, NEC Display Solutions of America, Inc., Oracle Corporation, Panasonic Corporation, PAR Technology Corporation, Restaurant Service Solutions, Revel Systems, Inc. and Verifone Systems, Inc. are some of the major players operating within the QSR IT market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling. The report also provides a detailed competitive analysis of the key players in the market and identifies various business strategies adopted by them. Leading players are currently focusing on providing cost competitive and customized products to the customers. Moreover, as part of this strategy, the companies are engaging in various strategic partnerships, acquisitions, focusing on expanding their business through new service additions and geographical presence.

Global QSR IT Market

Global Quick Service Restaurants IT Market, By Component
Hardware
- Digital Signage
- Kiosks
- Drive through terminals
- Point of Sales
- Handheld devices
- Digital menu cards
Software
- Front of House
- Inventory Management
- Reconciliation
- Labor Management
- HR Software
- Data Analytics
- Marketing
- Restaurant Operation
- Support Operation
- Franchise Management Service

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In addition, the report provides analysis of the global Quick Service Restaurants IT market with respect to the following geographical segments:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- South America

U.S. Quick Service Restaurant IT Market Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Researchmoz added Most up-to-date research on "Quick Service Restaurant IT Market (Type - Hardware, Software - Front of House, Inventory Management, Reconciliation, Labor Management, HR Software, Data Analytics, Marketing, Restaurant Operation, Support Operation, Franchise Management) - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024" to its huge collection of research reports.

The increasing competition and adoption of new technological solutions such data analytics (in front and backend operation) and mobile devices is expected to drive the growth of the U.S. quick service restaurant (QSR) IT market in near future. QSRs are expected to heavily invest in software based solution in order to increase customer footprint and thereby drive sales revenue. Many QSRs are expected to replace their older kiosk and signage solutions which would drive the market growth in the hardware segment. Furthermore, up-gradation and introduction of new software to restructure daily business operations is expected to drive the market for software and service segment. The U.S. QSR IT market comprises different hardware components, supporting IT, and services such as network security and cloud based services. The QSR market by hardware component is classified into five major segments: signage systems, kiosks, point of sales, handheld devices, and digital menu cards. The software segment is further categorized as front of house, inventory management, reconciliation, labor management, HR software, data analytics, marketing, restaurant operation, support operation and franchise management. These software segment are further categorized as per the software used in the QSR industry. Digital signage is expected to be the largest revenue contributor in the hardware segment owing to high initial cost as compared to other hardware and increasing usage in signage system and drive through terminal segment. The front of house software segment is expected to contribute largest market share within the QSR software market, since it accounts majority for payment and point of sale solution software.

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As customers are increasingly using social and digital media as part of their lifestyle, quick service restaurants have been promptly recognizing the need for digital and social media as medium of interaction to reach wide audience and improve their marketing. Moreover, many customers prefer QSRs with self-service options, such as kiosk systems, as it reduces the waiting time. Thus, with changing customer preference for convenient and quick services, the QSR industry players need to adapt in order to avoid losing their customers to competitors. Subsequently, as the QSR industry moves toward digital technology and business intelligence solutions, the demand for POS, kiosks, handheld devices, signage systems, digital menu cards, IT (data analytics, marketing and front of house) is expected to expand significantly.

Furthermore, the report analyzes the factors that drive and restrain the growth of the quick service restaurant IT market in the U.S. The report also discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the trend of technology adoption in the quick service restaurant market. Also provided is the market positioning analysis for hardware and software vendors, and competitive strategies adopted by key players in the U.S. quick service restaurant market. Furthermore, the report also provides price trend analysis for purchase and annual maintenance cost of software segmentation for the period 2014 to 2024.

Major business strategies adopted by key players, their market positioning, and product offerings have also been identified in the research report. The prominent manufacturers who offer quick service restaurant solutions or hardware include Panasonic Corporation, NEC Display Solutions of America, Inc., LG Display Co. Ltd., Oracle Corporation, VeriFone Systems, Inc., NCR Corporation, PAR Technology Corporation, Revel Systems, Inc., HM Electronics, Inc. and Delphi Display Systems Inc.

The U.S. quick service restaurant (QSR) IT market is segmented as below:

U.S. Quick Service Restaurant (QSR) IT Market

By Hardware
- Signage System
- Kiosks
- Drive Through Terminals
- Point-of-Sale
- Handheld Device
- Digital Menu Card

By Software

- Front of House
- Inventory Management
- Reconciliation
- Labor Management
- HR Software
- Data Analytics
- Marketing
- Restaurant Operation
- Support Operation
- Franchise Management

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