COVID-19 pandemic will have a profound impact on the growth of the IT market for quick-service restaurants, various applications will play a key role in the transparent operation of quick-service restaurants, according to TMR



ALBANY, NY, June 8, 2021 / PRNewswire / – Quick Service Restaurant IT Market: Growth Summary

The increasing innovation and customization in the food menu and the growing demand for automation and advanced technology in the restaurant industry will bring tremendous growth opportunities for the fast food computer market during the forecast period 2020-2027.

QSR refers to quick service restaurants, also known as fast food restaurants. These restaurants focus only on delivery services and have minimal table service. QSR IT solutions help increase technological advancements in the restaurant industry to provide convenience to consumers. The convenience factor plays a major role in the growth of the computer fast food market. Thus, these factors will help to increase growth opportunities.

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Experts from Transparency Market Research (TMR) have conducted extensive research on the IT market for quick service restaurants. TMR experts predict that the IT market for quick service restaurants will grow at a CAGR of 7.7% over the assessment period 2020-2027. The global fast food restaurant IT market is expected to reach US $ 21,771 million by the end of the forecast period, 2027.

The COVID-19 pandemic is playing a critical role in the growth of the IT market for quick service restaurants. With the closure of restaurants and cafes for a considerable period, the demand for quick service restaurants has increased tremendously. This aspect ultimately had a big impact on the growth of the computer fast food market. The advent of the second and third waves of COVID-19, coupled with the frequent application of lockdowns for consistent periods of time, has further prompted significant advances.

Explore 170 pages of superlative research, the current market scenario, and extensive geographic projections. Get insights into the Quick Service Restaurant (QSR) IT market (by component – hardware (digital signage, kiosks, drive-thru terminals, point-of-sale, portable devices, digital menu cards), software (hospitality, inventory management) , Reconciliation, Labor Management, HR Software, Data Analysis, Marketing, Restaurant Operation, Support Operation and Franchise Management) and Service) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 -2027 to

Main conclusions of the report

QSR POS Technologies to Brighten Growth Prospects in the IT Quick Service Restaurant Market

Point of sale strategies are gaining ground in the IT market for quick service restaurants. A strong point of sale system is necessary for transparent operations. Cloud-based intelligence, anti-theft mechanisms, 24/7 chat support and offline mode are some of the features provided by QSR POS technologies, which help propel growth.

Location Discovery APIs at QSR invite exponential growth

The use of drive-thru technology that identifies customers through loyalty programs using location awareness will bring immense growth opportunities for the fast food restaurant IT market. The solution provides a mobile application that reports the digital map to the QSR which uses artificial intelligence (AI). Digital boards greet customers and display personalized information such as loyalty points, names and more. These technologies are more attractive to customers and help attract significant growth. All these aspects bode well for the development of the computer fast food market.

To analyze the global growth of the Quick Service Restaurant IT market in more than 30 countries including the United States, Canada, Germany, UK, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Contactless services to attract significant growth

With the advent of COVID-19, contactless technologies have garnered a great deal of attention. Non-contact environments and strict sanitization protocols should stick around for a long time in quick-service restaurants. To create such environments, IT solutions for quick service restaurants are key. From ordering to payment methods, contactless technologies are developing for all aspects. These factors will decide the growth trajectory of the Quick Service Restaurant IT Market.

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Quick Service Restaurant IT Market: Key Players

Some well-established players in the IT fast food market are:

  • NEC Display Solutions of America, Inc.
  • GoFrugal Technologies Pvt. Ltd.
  • Panasonic Corporation
  • Verifone Systems, Inc.

Explore Transparency Market Research’s award-winning coverage of the global market IT and telecom industry:

Mobile Point of Sale Terminal (mPOS) Market – The global mobile point-of-sale terminal (mPOS) market registered a CAGR of 37.2% between 2019 and 2027. The global mobile point-of-sale terminal (mPOS) market is expected to be driven by replacement demand as because of EMV migration and benefits such as ease of use through mobility.

Payment Service Provider Market– Global digital transactions are increasing due to innovation in Fintech. Likewise, digital wallets are sweeping the payment service provider market at lightning speed, dropping from a revenue share of around 19% in 2019 to around 25% by 2027.

About the transparency market research

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our proprietary blend of quantitative forecasting and trend analysis provides forward-looking information to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information.

Our data repository is continually updated and reviewed by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analytical capacity, Transparency Market Research uses rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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