Global Quick Service Restaurant Ecosystem Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Quick Service Restaurant Ecosystem Market: Overview
"The Quick Service Restaurant Ecosystem Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
A quick service restaurant ecosystem helps serve the fast food and has slight and negligible table service. This ecosystem helps in offering the customers with a limited menu and focus on offering the customers and clients with beverage and food as fast as possible and efficiently. This concept was presented in US and is regularly becoming the one of the convenient and suitable place for families, teenagers, and also young professionals who are working to socialize. The term quick-serve is also called as fast food.
Global Quick Service Restaurant Ecosystem Market: Dynamics
Rising number of quick service restaurants coupled with rising awareness among the consumers regarding the quick service restaurants are the major factors expected to drive the growth of target market. In addition, rising demand for fast food, rising number of fast food chains particularly in the emerging economies coupled with growing concept of socializing at cafés among the urban youth and millennials is among the other factors expected to drive demand of the quick service restaurant ecosystem.
Furthermore, rapid growth in the infrastructure including new airports and expressways in emerging economies has given scope to various coffee chains for establishing their outlets coupled with growing inclination of consumers toward consuming fast food and other ready-to-eat food items is among the another factors expected drive the growth of the target market. However, fluctuating raw material prices coupled with lack of awareness are some major factors that could hamper the market growth over the forecast period.
Increasing innovation in packaging for takeaway food among the major trend observed in the global quick service restaurant ecosystem market.
Global Quick Service Restaurant Ecosystem Market: Segment Analysis
Among the component segment, the hardware segment is dominating due to increasing disposable income and increasing demand for protein rich healthy food products globally. Among the hardware segment the eat-in segment is dominating over the forecast period due to growing adult population globally which are inclining toward dining out restaurants. Among the software segment the billing solutions and management solutions is dominating.
Global Quick Service Restaurant Ecosystem Market: Regional Analysis
Currently, the market in North America is accounted for the major market share and is likely to drive growth over the forecast period as this region. This is primarily attributed to rising emergence of urban consumers in the US coupled with increasing disposable income in countries in this region.
Asia Pacific market in expected to register fastest growth shortly due to increasing dependence on digital platforms to establish efficiency in management particularly in China is one of the factor expected to drive growth of the target market in Asia Pacific region.
Global Quick Service Restaurant Ecosystem Market Segmentation:
Segmentation by component:
- o Signage systems
- o Kiosks
- o Drive through terminals
- o Point of sales (POS)
- o Handheld devices
- o Digital menu cards
- o Eat-in
- o Billing solutions and management solutions
- o Analytics software solutions
- o network security
- o cloud based services
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Domino's Pizza, Inc.
- Dunkin' Brands Group, Inc.
- Restaurant Brands International Inc.
- Starbucks Corporation
- The Wendy’s Company
- Yum! Brands, Inc.
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