Monday, 3 July 2017

U.S. Quick Service Restaurant IT Market will expand at a healthy CAGR of 7.4% during 2016 -2024 : Industry Analysis, Size, Share, Growth, Trends and Forecast

ResearchMoz added Latest Research Report titled " Quick Service Restaurant IT Market (Type - Hardware, Software - Front of House, Inventory Management, Reconciliation, Labor Management, HR Software, Data Analytics, Marketing, Restaurant Operation, Support Operation, Franchise Management) - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 " to it's Large Report database.

The increasing competition and adoption of new technological solutions such data analytics (in front and backend operation) and mobile devices is expected to drive the growth of the U.S. quick service restaurant (QSR) IT market in near future. QSRs are expected to heavily invest in software based solution in order to increase customer footprint and thereby drive sales revenue. Many QSRs are expected to replace their older kiosk and signage solutions which would drive the market growth in the hardware segment. Furthermore, up-gradation and introduction of new software to restructure daily business operations is expected to drive the market for software and service segment. The U.S. QSR IT market comprises different hardware components, supporting IT, and services such as network security and cloud based services. The QSR market by hardware component is classified into five major segments: signage systems, kiosks, point of sales, handheld devices, and digital menu cards.

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The software segment is further categorized as front of house, inventory management, reconciliation, labor management, HR software, data analytics, marketing, restaurant operation, support operation and franchise management. These software segment are further categorized as per the software used in the QSR industry. Digital signage is expected to be the largest revenue contributor in the hardware segment owing to high initial cost as compared to other hardware and increasing usage in signage system and drive through terminal segment. The front of house software segment is expected to contribute largest market share within the QSR software market, since it accounts majority for payment and point of sale solution software.

As customers are increasingly using social and digital media as part of their lifestyle, quick service restaurants have been promptly recognizing the need for digital and social media as medium of interaction to reach wide audience and improve their marketing. Moreover, many customers prefer QSRs with self-service options, such as kiosk systems, as it reduces the waiting time.

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Table of Content

Chapter 1 Preface
1.1 Report description
1.2 Research methodology

Chapter 2 Executive summary
2.1 U.S. Quick Service Restaurant IT Market Snapshot
2.2 Market Dynamics

Chapter 3 U.S. Quick Service Restaurant IT Market Analysis, 2014 – 2024
3.1 Definition and Scope of Study
3.1.1 Overview
3.1.2 Definition
3.2 Key Market Trends
3.3 Market Dynamics
3.3.1 Drivers
3.3.2 Restraints
3.3.3 Opportunities
3.4 Competitive Landscape
3.4.1 Market Positioning U.S. Quick Service Restaurant IT Market: Market Positioning of Key Players, By Hardware, 2015 U.S. Quick Service Restaurant IT Market: Market Positioning of Key Players, By Software, 2015
3.4.2 Major QSR Software Vendors
3.4.3 Purchase and Maintenance Cost
3.4.4 Competitive Strategies Adopted by Key Players

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