Quick Service Restaurant (QSR) IT Market Revenue Continues to Dominate with CAGR value Globally To 2023
This Quick Service Restaurant (QSR) IT research study consists of the historical data from and forecasts till 2023. The report is created keeping in mind to make it a valuable source of information for market specialists in readily accessible documents. The documents are curated with clearly presented graphs and figures.
The global QSR IT market was valued at US$ xx million in the year 2018 and is expected to reach US$ xx million by the year 2023, growing at a CAGR of approximately 8.1%. A Quick Service Restaurant (QSR) is a particular type of restaurant that has minimal table service and serves fast food cuisines. The food served at QSRs are typically from a limited menu and is cooked in advance and then kept hot for customers so that they can carry off the food to their home. Information technology (IT) is facilitating the QSR industry in some innovative ways to attract customers.
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QSR chains are turning more to technology for the front-end and back-end services that provide more value and convenience to customers. Generation Z is craving for a technology-centric involvement while dining at QSR. As such, they expect technology as a part of dining experience even if it is as simple as digital menu, free Wi-Fi, etc. The global QSR IT market is mainly gaining from the growing need of restaurants to develop new ways of generating revenue to beat their competitors. Nowadays, QSRs are adopting IT solutions for their front-end customer services such as digital menu, digital signage, POS solutions, and back-end services such as inventory management and others. The QSR market has tremendous growth prospects in the coming years, owing to the rising adoption of mobile payments solutions and the growing need for accuracy in financial processing from the restaurant side.
The objective of the reports:
The report offers information of the market segmentation by type, application and regions in general. The report highlights the development policies and plans, government regulations, manufacturing processes and cost structures. It also covers technical data, manufacturing plants analysis, and raw material sources analysis as well as explains which product has the highest penetration, their profit margins, and R&D status. Quick Service Restaurant (QSR) IT market analysis further consists of a competitive landscape of Quick Service Restaurant (QSR) IT market, market development history and major development trends.
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