Market Overview:
The global quick service restaurant IT market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for quick service restaurants, owing to the changing lifestyles and growing disposable incomes of consumers across the globe. Additionally, technological advancements in hardware, software and services are also propelling the growth of this market. The hardware segment is expected to hold a major share of the global quick service restaurant IT market during the forecast period. This can be attributed to increasing investments by vendors in innovative technologies such as cloud-based solutions and point-of-sale (POS) systems that improve operational efficiency and customer experience in quick service restaurants. The software segment is also anticipated to witness significant growth during the forecast period, owing to rising demand for mobile apps among consumers for ordering food items from their preferred restaurants quickly and conveniently.
Product Definition:
Quick service restaurants (QSR) are restaurants that offer limited menus and provide food and drink to customers through a counter, often using disposable dishes. QSRs are also known as fast-food chains or fast casual restaurants.
The use of information technology (IT) is important for QSRs because it allows them to manage their operations efficiently, track inventory and sales, and connect with customers through digital channels. IT systems can help QSRs automate processes such as order taking, menu planning, and food preparation.
Hardware:
Hardware is the part of restaurant technology that includes equipment such as POS terminals, kitchen equipment, and other utility devices. The hardware used in quick service restaurants (QSR) can be broadly classified into two categories namely; fixed price point solutions and variable price point solutions. In QSRs, there is a need to handle large volumes of cash transactions which has led to the installation of cash dispensing systems or automated teller machines (ATMs).
Software:
Software is a set of procedures, programs, tools or processes that help to ease the operation of any business. It helps in improving efficiency and effectiveness in various QSR businesses such as inventory management, order processing and kitchen operations among others. Software solutions are used by QSRs for automating their ordering process which includes taking customer orders via microphone on headset through software application on mobile or tablet device.
Application Insights:
The stationary restaurant vendors accounted for the largest share of over 60.0% in 2017. The segment is driven by increasing adoption of Quick Service Restaurants (QSR) across developed economies and emerging economies are focusing on improving their infrastructure to support the growing number of QSRs. Furthermore, technological advancements in smartphones and social media have played a significant role in spreading awareness about brands, which has increased footfall at restaurants thereby driving growth.
Mobile & street vendors are expected to register the fastest CAGR over the forecast period owing to rising disposable income among consumers especially in developing countries such as India, China and Brazil where economic development has resulted into improved lifestyle for common people resulting into increased spending on food & beverages which will drive demand for mobile/street vendor systems globally over next seven years or so.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing number of international fast food chains in countries such as China and India. For instance, McDonald’s Corporation has opened more than 300 restaurants in India since 2010 and Burger King has about 250 restaurants in China. Moreover, presence of local players such as KFC Corporation; Dunkin Doughnuts; Pizza Hut; Dominoes Pizza Inc.; Chili’s Grill & Bar Inc.; and others is also contributing toward industry growth across these countries.
North America accounted for a significant share owing to early adoption of technology by some prominent industry participants including Subway IP LLC (U.S.) and Chipotle Mexican Grill, LLC (U.S.).
Growth Factors:
- Increasing demand for online food ordering and delivery from QSRs
- Proliferation of mobile devices and apps that facilitate ordering and payment for food items
- Growing trend of "fast casual" dining, which offers a more elevated experience than traditional fast food, but at a lower price point
- Rising labor costs in the restaurant industry, which has led to an increased focus on automation and efficiency-enhancing technologies
- Rapid expansion of international markets, particularly in developing countries where the QSR concept is still relatively new
Scope Of The Report
Report Attributes
Report Details
Report Title
Quick Service Restaurant IT Market Research Report
By Type
Hardware, Software, Service
By Application
Stationary Restaurant Vendors, Mobile and Street Vendors
By Companies
QSR IT market include Abcom Pty Ltd, CAKE Corporation, Cognizant, Delphi Display Systems Inc., GoFrugal Technologies, HM Electronics Inc., Imagine Print Solutions, LG Display Co. Ltd., Microsoft Corporation, Oracle Corporation, Panasonic Corporation, NCR Corporation, NEC Display Solutions of America Inc., PAR Technology Corporation, Restaurant Service Solutions, Revel Systems Inc., Verifone Systems Inc.
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Quick Service Restaurant IT Market Report Segments:
The global Quick Service Restaurant IT market is segmented on the basis of:
Types
Hardware, Software, Service
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
Stationary Restaurant Vendors, Mobile and Street Vendors
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:
- QSR IT market include Abcom Pty Ltd
- CAKE Corporation
- Cognizant
- Delphi Display Systems Inc.
- GoFrugal Technologies
- HM Electronics Inc.
- Imagine Print Solutions
- LG Display Co. Ltd.
- Microsoft Corporation
- Oracle Corporation
- Panasonic Corporation
- NCR Corporation
- NEC Display Solutions of America Inc.
- PAR Technology Corporation
- Restaurant Service Solutions
- Revel Systems Inc.
- Verifone Systems Inc.
Highlights of The Quick Service Restaurant IT 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:
- Hardware
- Software
- Service
- By Application:
- Stationary Restaurant Vendors
- Mobile and Street Vendors
- 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 Quick Service Restaurant IT 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Quick Service Restaurant IT is a restaurant technology solution that helps restaurateurs manage their business through the use of point-of-sale (POS) systems, menus, and other tools. It can help restaurateurs track sales data, keep track of inventory levels, and more.
Some of the major companies in the quick service restaurant it market are QSR IT market include Abcom Pty Ltd, CAKE Corporation, Cognizant, Delphi Display Systems Inc., GoFrugal Technologies, HM Electronics Inc., Imagine Print Solutions, LG Display Co. Ltd., Microsoft Corporation, Oracle Corporation, Panasonic Corporation, NCR Corporation, NEC Display Solutions of America Inc., PAR Technology Corporation, Restaurant Service Solutions, Revel Systems Inc., Verifone Systems Inc..
The quick service restaurant it market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Quick Service Restaurant IT 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 Quick Service Restaurant IT Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Quick Service Restaurant IT 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 Quick Service Restaurant IT 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 Quick Service Restaurant IT Market Size & Forecast, 2018-2028
4.5.1 Quick Service Restaurant IT Market Size and Y-o-Y Growth
4.5.2 Quick Service Restaurant IT Market Absolute $ Opportunity
Chapter 5 Global Quick Service Restaurant IT 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 Quick Service Restaurant IT Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Quick Service Restaurant IT 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 Quick Service Restaurant IT Market Size Forecast by Applications
6.2.1 Stationary Restaurant Vendors
6.2.2 Mobile and Street Vendors
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Quick Service Restaurant IT 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 Quick Service Restaurant IT 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 Quick Service Restaurant IT Analysis and Forecast
9.1 Introduction
9.2 North America Quick Service Restaurant IT 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 Quick Service Restaurant IT Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Service
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 Quick Service Restaurant IT Market Size Forecast by Applications
9.10.1 Stationary Restaurant Vendors
9.10.2 Mobile and Street Vendors
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 Quick Service Restaurant IT Analysis and Forecast
10.1 Introduction
10.2 Europe Quick Service Restaurant IT 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 Quick Service Restaurant IT Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Service
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 Quick Service Restaurant IT Market Size Forecast by Applications
10.10.1 Stationary Restaurant Vendors
10.10.2 Mobile and Street Vendors
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 Quick Service Restaurant IT Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Quick Service Restaurant IT 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 Quick Service Restaurant IT Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Service
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 Quick Service Restaurant IT Market Size Forecast by Applications
11.10.1 Stationary Restaurant Vendors
11.10.2 Mobile and Street Vendors
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 Quick Service Restaurant IT Analysis and Forecast
12.1 Introduction
12.2 Latin America Quick Service Restaurant IT 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 Quick Service Restaurant IT Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Service
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 Quick Service Restaurant IT Market Size Forecast by Applications
12.10.1 Stationary Restaurant Vendors
12.10.2 Mobile and Street Vendors
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) Quick Service Restaurant IT Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Quick Service Restaurant IT 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) Quick Service Restaurant IT Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Service
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) Quick Service Restaurant IT Market Size Forecast by Applications
13.10.1 Stationary Restaurant Vendors
13.10.2 Mobile and Street Vendors
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 Quick Service Restaurant IT Market: Competitive Dashboard
14.2 Global Quick Service Restaurant IT Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 QSR IT market include Abcom Pty Ltd
14.3.2 CAKE Corporation
14.3.3 Cognizant
14.3.4 Delphi Display Systems Inc.
14.3.5 GoFrugal Technologies
14.3.6 HM Electronics Inc.
14.3.7 Imagine Print Solutions
14.3.8 LG Display Co. Ltd.
14.3.9 Microsoft Corporation
14.3.10 Oracle Corporation
14.3.11 Panasonic Corporation
14.3.12 NCR Corporation
14.3.13 NEC Display Solutions of America Inc.
14.3.14 PAR Technology Corporation
14.3.15 Restaurant Service Solutions
14.3.16 Revel Systems Inc.
14.3.17 Verifone Systems Inc.
