Quick Service Restaurant IT Market, Global Outlook and Forecast 2024-2031
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.
This report aims to provide a comprehensive presentation of the global market for Quick Service Restaurant IT, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Quick Service Restaurant IT. This report contains market size and forecasts of Quick Service Restaurant IT in global, including the following market information:
Global Quick Service Restaurant IT Market Revenue, 2019-2024, 2024-2029, ($ millions)
Global top five companies in 2023 (%)
The global Quick Service Restaurant IT market was valued at US$ 14600 million in 2023 and is projected to reach US$ 17920 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Quick Service Restaurant (QSR) IT key players include Verifone Systems, NCR Corporation, etc. Global top two manufacturers hold a share about 10%.
Asia-Pacific is the largest market, with a share about 50%, followed by North America and Europe, both have a share about 45 percent.
In terms of product, Hardware is the largest segment, with a share about 65%. And in terms of application, the largest application is Large Consumers, followed by Small Consumers.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Quick Service Restaurant IT companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Quick Service Restaurant IT Market, by Type, 2019-2024, 2024-2029 ($ millions)
Global Quick Service Restaurant IT Market Segment Percentages, by Type, 2023 (%)
Hardware
Software
Service
Global Quick Service Restaurant IT Market, by Application, 2019-2024, 2024-2029 ($ millions)
Global Quick Service Restaurant IT Market Segment Percentages, by Application, 2023 (%)
Stationary Restaurant Vendors
Mobile and Street Vendors
Global Quick Service Restaurant IT Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions)
Global Quick Service Restaurant IT Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Quick Service Restaurant IT revenues in global market, 2019-2024 (estimated), ($ millions)
Key companies Quick Service Restaurant IT revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
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.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Quick Service Restaurant IT, market overview.
Chapter 2: Global Quick Service Restaurant IT market size in revenue.
Chapter 3: Detailed analysis of Quick Service Restaurant IT company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Quick Service Restaurant IT in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
