Market Overview:
The global IT spending in food delivery market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for online grocery and fast food shops, and the rising penetration of smartphones and internet users across the globe. In terms of type, IT services is expected to hold the largest share in terms of revenue in 2018, followed by software and hardware. Among applications, online grocery segment is projected to witness highest growth rate during the forecast period owing to increase in demand for convenience foods among consumers.
Product Definition:
Food Delivery is a process of delivering food items to the customers who have ordered them. The food items can be delivered through various means, such as courier services, postal services, or by the customers themselves.
IT Services:
IT services include computer-related products and services such as hardware, software, consulting and maintenance. IT spending in the food delivery market includes all money that is spent on acquiring new technology or replacing old technology for running a business of delivering food to customers. The growth factor in this market refers to an increase or decrease in demand for food delivery from consumers. Demand fluctuates based on various factors such as weather conditions, time of the day and night etc.
Software:
Software is any set of rules or method that can be stored in a computer and allows carrying out operations automatically. It helps to automate routine tasks so that they are carried out more effectively and efficiently. In other words, it is the best automation tool which helps businesses to streamline their processes by performing various functions such as data inputting, data analyzing, processing & outputting and decision making.
Application Insights:
The online grocery segment dominated the global IT spending in food delivery market, accounting for over 40.0% of the overall revenue share in 2017. The growth can be attributed to increasing demand for e-commerce as a result of growing consumer preference towards purchasing daily needs through it. Moreover, companies are investing more in order to improve their online presence and branding through various digital channels which is also driving the segment growth.
Fast food shop accounted for a significant revenue share owing to rising penetration of internet cafes and Wi-Fi hot spots across all major cities around the world especially in developed economies like U.S., Canada, U.K.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to the presence of a large number of players and increased adoption of advanced technologies such as cloud, analytics, big data and IoT. Moreover, growing demand for on-demand food delivery services has led to an increase in regional spending on this front.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing investments by companies in order to meet rising customer demands efficiently through improved service offerings and new product launches. Furthermore, favorable government initiatives aimed at developing e-commerce infrastructure are also expected drive regional IT spending over the next eight years. ‘The Digital India Programme' aims at creating awareness about digital services among consumers thereby driving demand for it across various industries including food delivery service providers such as Uber Eats/Foodpanda/Swiggy etc.).
Growth Factors:
- Increasing urbanization – with the increase in population, the demand for food delivery will also rise.
- Rising income levels – as people's income levels increase, they are likely to spend more on food delivery services.
- Proliferation of smartphones and internet penetration – this will help in the growth of online food ordering and delivery platforms.
- Growing preference for convenience foods – there is a growing trend towards eating out or ordering in instead of cooking at home, which is benefiting the food delivery market immensely.
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Spending in Food Delivery Market Research Report
By Type
IT Services, Software, Hardware
By Application
Online Grocery, Fast Food Shop, Others
By Companies
IBM, HP, Microsoft, Netsuite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global IT Spending in Food Delivery Market Report Segments:
The global IT Spending in Food Delivery market is segmented on the basis of:
Types
IT Services, Software, Hardware
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Grocery, Fast Food Shop, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- HP
- Microsoft
- Netsuite
Highlights of The IT Spending in Food Delivery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- IT Services
- Software
- Hardware
- By Application:
- Online Grocery
- Fast Food Shop
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IT Spending in Food Delivery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IT spending in food delivery is on the rise, as companies look to automate their processes and save money. In 2016, food delivery companies spent an estimated $2.5 billion on technology alone. This figure is expected to grow by 7% each year through 2021.
Some of the major companies in the it spending in food delivery market are IBM, HP, Microsoft, Netsuite.
The it spending in food delivery market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IT Spending in Food Delivery Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 IT Spending in Food Delivery Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 IT Spending in Food Delivery Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the IT Spending in Food Delivery Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global IT Spending in Food Delivery Market Size & Forecast, 2018-2028 4.5.1 IT Spending in Food Delivery Market Size and Y-o-Y Growth 4.5.2 IT Spending in Food Delivery Market Absolute $ Opportunity
Chapter 5 Global IT Spending in Food Delivery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IT Spending in Food Delivery Market Size Forecast by Type
5.2.1 IT Services
5.2.2 Software
5.2.3 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IT Spending in Food Delivery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IT Spending in Food Delivery Market Size Forecast by Applications
6.2.1 Online Grocery
6.2.2 Fast Food Shop
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IT Spending in Food Delivery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IT Spending in Food Delivery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IT Spending in Food Delivery Analysis and Forecast
9.1 Introduction
9.2 North America IT Spending in Food Delivery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IT Spending in Food Delivery Market Size Forecast by Type
9.6.1 IT Services
9.6.2 Software
9.6.3 Hardware
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IT Spending in Food Delivery Market Size Forecast by Applications
9.10.1 Online Grocery
9.10.2 Fast Food Shop
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IT Spending in Food Delivery Analysis and Forecast
10.1 Introduction
10.2 Europe IT Spending in Food Delivery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IT Spending in Food Delivery Market Size Forecast by Type
10.6.1 IT Services
10.6.2 Software
10.6.3 Hardware
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IT Spending in Food Delivery Market Size Forecast by Applications
10.10.1 Online Grocery
10.10.2 Fast Food Shop
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IT Spending in Food Delivery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IT Spending in Food Delivery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IT Spending in Food Delivery Market Size Forecast by Type
11.6.1 IT Services
11.6.2 Software
11.6.3 Hardware
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IT Spending in Food Delivery Market Size Forecast by Applications
11.10.1 Online Grocery
11.10.2 Fast Food Shop
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IT Spending in Food Delivery Analysis and Forecast
12.1 Introduction
12.2 Latin America IT Spending in Food Delivery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IT Spending in Food Delivery Market Size Forecast by Type
12.6.1 IT Services
12.6.2 Software
12.6.3 Hardware
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IT Spending in Food Delivery Market Size Forecast by Applications
12.10.1 Online Grocery
12.10.2 Fast Food Shop
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IT Spending in Food Delivery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IT Spending in Food Delivery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IT Spending in Food Delivery Market Size Forecast by Type
13.6.1 IT Services
13.6.2 Software
13.6.3 Hardware
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IT Spending in Food Delivery Market Size Forecast by Applications
13.10.1 Online Grocery
13.10.2 Fast Food Shop
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IT Spending in Food Delivery Market: Competitive Dashboard
14.2 Global IT Spending in Food Delivery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 HP
14.3.3 Microsoft
14.3.4 Netsuite