Quick Service Restaurant (QSR) IT Market to Witness Attractive Growth Opportunities in Global
This report focuses on the global Quick Service Restaurant (QSR) IT status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Quick Service Restaurant (QSR) IT development in United States, Europe and China.
A fast food restaurant, also known as a quick service restaurant (QSR) within the industry, is a specific type of restaurant that serves fast food cuisine and has minimal table service.
The global quick service restaurants (QSR) IT market is primarily gaining from the increasing need of quick service restaurants to devise new ways of revenue generation to beat competition which is rising at a rapid pace. Today, QSRs are innovating and adopting solutions such as digital signage, point of sales solutions, digital menu cards, handheld devices, and kiosks in a bid to offer differentiated services. Apart from this, the rising adoption of mobile payment solutions is also stoking growth of QSR IT market. This requires quick service restaurants to be equipped with a robust and up to date IT infrastructure.
The Quick Service Restaurant (QSR) IT market is very fragmented, there are so many players in the world. The key players are like Verifone Systems, NCR Corporation, Cognizant, PAR Technology Corporation, NEC Display Solutions etc. The big players are from United States, EU and Japan.
Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. The international players like taking acquire of other companies, usually related to or can expand with her business. Their market in this industry can ranges from hardware or/and software to service. In other words, the big players in this industry now put more effort on The Quick Service Restaurant (QSR) IT chain.
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Top 5 took up about 20% of the global market in 2017. And their annual growth rate are range mainly from 5% to 12%.In 2017, the global Quick Service Restaurant (QSR) IT market size was 10300 million US$ and it is expected to reach 18300 million US$ by the end of 2025, with a CAGR of 7.4% during 2018-2025.
The key players covered in this study
Verifone Systems Inc
NCR Corporation
Cognizant
PAR Technology Corporation
NEC Display Solutions of America, Inc.
LG
Panasonic Corporation
Oracle Corporation
Delphi Display Systems, Inc
HM Electronics, Inc.
Revel Systems
PAX Technology
SZZT Electronics
Shenzhen Xinguodu
Market segment by Type, the product can be split into
Hardware
Software
Service
Market segment by Application, split into
Large Consumers
Small Consumers
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Quick Service Restaurant (QSR) IT status, future forecast, growth opportunity, key market and key players.
To present the Quick Service Restaurant (QSR) IT development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Quick Service Restaurant (QSR) IT are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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