Published by news degree
Posted on August 4, 2021
According to the current analysis of Reports and Data, the global cloud kitchen market was valued at USD 0.65 Billion in 2018 and is expected to reach USD 2.63 Billion by the year 2026, at a CAGR of 17.2%. The study provides an overall insight into the factors responsible for the growth in the cloud kitchen market. The factors driving the cloud kitchen market are the rising adoption of online food delivery platforms, eliminating the need for physical infrastructure and equipment, increasing standard of living and urbanization, and the low cost implementation. The cloud kitchen market offers different opportunities to the suppliers due to the growing investments for the digitalization of process and industries, growing alliances of restaurant owners and the technology vendors, and the increasing adoption of food delivery applications worldwide. An increasing number of key players are partnering up with the major core companies in the above sectors to provide superior and more efficient platform to help them grow their business as well as redefine experiences for the customers. In October 2018, Ola owned company Foodpanda acquired Holachef to expand its offering and presence in the cloud kitchen market and launch a range of products in the various categories and cuisines.
The cloud kitchen is a restaurant which has no physical infrastructure and no dine-in or takeaway capability. It is a virtual restaurant that does not exist as a physical entity. It is heavily dependent on third-party integrations, home delivery applications, orders placed via a website, web portal or on a call. The cloud kitchen empowers the restaurant owners the adaptability to work at least one eateries/brands utilizing a similar foundation, assets, and stock under numerous brand names. The cloud kitchen for the most part involves taking order request, handling of the request, and fulfilling the request. The cloud kitchen is a lucrative business model for the restaurant owners who want to expand their food offerings to multiple locations, multiple brands, and multiple cuisines. The cloud kitchen platform empowers them to use the same existing infrastructure to deliver food items at multiple locations under multiple brand names and cuisines. The platform also enables effective management of all the associated activities and processes for multiple brands and franchises at a centralized place along with reporting and analytics features to create customised business growth plans and identify opportunities using customer preferences and buying patterns.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2085
Key participants include
Toast, Inc., Square, Inc., Xenial, Inc., Ambiosys Labs Pvt Ltd., ORDERLORD, LogBase Technologies LLP, POSist Technologies Pvt. Ltd., Bringg Delivery Technologies Ltd., PAR Technology Corp., and Lightspeed HQ.
Further key findings from the report suggest
The market is growing at a CAGR of 0% in Asia Pacific due to the rapid industrialization, urbanization and digitalization of the developing countries, increasing standard of living, and the increased use of digital payments in the region.
Global adoption of online food delivery applications and the increasing use of mobile and smart phones for ordering food items is expected to increase the use of cloud kitchen platforms and expand its market size.
Governments are investing in the digitalization of the different industry along with encouraging digital modes for payments, shopping, and daily needs offer massive opportunities in the cloud kitchen market.
The web deployment model is expected to dominate the cloud kitchen market owing to its low cost implementation and flexible subscription models suitable for the end users. The web deployment offers better integration with existing systems and enhanced SEO capabilities.
The platform segment is estimated to dominate the market in 2019, however with increasing need for implementation services and support services will drive the services segment in the cloud kitchen market during the forecast period.
The customer experience management is forecasted to grow at the fastest growth rate in the market due to the need for retaining and engaging new customers and provide better service and customer satisfaction for enhanced customer experience.
The use of AI, Big Data, and Blockchain for developing advanced solutions is the latest trend in the cloud kitchen market
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2085
For this report, Reports and Data have segmented into the global Cloud Kitchen market on the basis of resin type, composite phases, industry vertical, and region:
Component type (Revenue in USD Million; 2016–2026)
Platform
Services
Solutions (Revenue in USD Million; 2016–2026)
Order Management
Brand Management
Inventory Management
Customer Experience Management
Marketing Management
Reporting & Analytics
Others
Deployment type (Revenue in USD Million; 2016–2026)
Web
Mobile
End-User (Revenue in USD Million; 2016–2026)
Commercial Space
Residential
Hospitality
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2085
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Cloud Kitchen Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2026 | Top Companies like Toast, Square, Xenial, Ambiosys Labs, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
According to the current analysis of Reports and Data, the global cloud kitchen market was valued at USD 0.65 Billion in 2018 and is expected to reach USD 2.63 Billion by the year 2026, at a CAGR of 17.2%. The study provides an overall insight into the factors responsible for the growth in the cloud kitchen market. The factors driving the cloud kitchen market are the rising adoption of online food delivery platforms, eliminating the need for physical infrastructure and equipment, increasing standard of living and urbanization, and the low cost implementation. The cloud kitchen market offers different opportunities to the suppliers due to the growing investments for the digitalization of process and industries, growing alliances of restaurant owners and the technology vendors, and the increasing adoption of food delivery applications worldwide. An increasing number of key players are partnering up with the major core companies in the above sectors to provide superior and more efficient platform to help them grow their business as well as redefine experiences for the customers. In October 2018, Ola owned company Foodpanda acquired Holachef to expand its offering and presence in the cloud kitchen market and launch a range of products in the various categories and cuisines.
The cloud kitchen is a restaurant which has no physical infrastructure and no dine-in or takeaway capability. It is a virtual restaurant that does not exist as a physical entity. It is heavily dependent on third-party integrations, home delivery applications, orders placed via a website, web portal or on a call. The cloud kitchen empowers the restaurant owners the adaptability to work at least one eateries/brands utilizing a similar foundation, assets, and stock under numerous brand names. The cloud kitchen for the most part involves taking order request, handling of the request, and fulfilling the request. The cloud kitchen is a lucrative business model for the restaurant owners who want to expand their food offerings to multiple locations, multiple brands, and multiple cuisines. The cloud kitchen platform empowers them to use the same existing infrastructure to deliver food items at multiple locations under multiple brand names and cuisines. The platform also enables effective management of all the associated activities and processes for multiple brands and franchises at a centralized place along with reporting and analytics features to create customised business growth plans and identify opportunities using customer preferences and buying patterns.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2085
Key participants include
Toast, Inc., Square, Inc., Xenial, Inc., Ambiosys Labs Pvt Ltd., ORDERLORD, LogBase Technologies LLP, POSist Technologies Pvt. Ltd., Bringg Delivery Technologies Ltd., PAR Technology Corp., and Lightspeed HQ.
Further key findings from the report suggest
The market is growing at a CAGR of 0% in Asia Pacific due to the rapid industrialization, urbanization and digitalization of the developing countries, increasing standard of living, and the increased use of digital payments in the region.
Global adoption of online food delivery applications and the increasing use of mobile and smart phones for ordering food items is expected to increase the use of cloud kitchen platforms and expand its market size.
Governments are investing in the digitalization of the different industry along with encouraging digital modes for payments, shopping, and daily needs offer massive opportunities in the cloud kitchen market.
The web deployment model is expected to dominate the cloud kitchen market owing to its low cost implementation and flexible subscription models suitable for the end users. The web deployment offers better integration with existing systems and enhanced SEO capabilities.
The platform segment is estimated to dominate the market in 2019, however with increasing need for implementation services and support services will drive the services segment in the cloud kitchen market during the forecast period.
The customer experience management is forecasted to grow at the fastest growth rate in the market due to the need for retaining and engaging new customers and provide better service and customer satisfaction for enhanced customer experience.
The use of AI, Big Data, and Blockchain for developing advanced solutions is the latest trend in the cloud kitchen market
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2085
For this report, Reports and Data have segmented into the global Cloud Kitchen market on the basis of resin type, composite phases, industry vertical, and region:
Component type (Revenue in USD Million; 2016–2026)
Platform
Services
Solutions (Revenue in USD Million; 2016–2026)
Order Management
Brand Management
Inventory Management
Customer Experience Management
Marketing Management
Reporting & Analytics
Others
Deployment type (Revenue in USD Million; 2016–2026)
Web
Mobile
End-User (Revenue in USD Million; 2016–2026)
Commercial Space
Residential
Hospitality
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2085
Have a Look at Related Reports:
Cloud Robotics Market By Mode Of Deployment (Public Cloud, Private Cloud, Hybrid Cloud), Type Of Application (Industrial Robot, Military Robot, Consumer Robot And Commercial Robot), Industry (Banking & Financial, Defense, Government, Transport And Logistics, Healthcare & Life Sciences, Education) And Geography – Global Forecast 2026
Cloud Virtual Private Network (VPN) Market by Integrant (Software and Services), Connectivity (Site-to-Site and Remote Access), Company Size (Large Enterprises and SMEs), User (Service Providers and Verticals), and Region – Global Forecast to 2026
Marketing Cloud Platform Market By Deployment (Public, Private), By Type (Platform, Services), By Market Type (Advertising, Branding, Designing, Sales Channel, Communications, Customer Support), By End user, And Segment Forecasts, 2020-2028
Distributed Denial of Services (DDoS) Protection and Mitigation Market Size, Share & Trends Analysis Report By Component, By Application Area, By Deployment Mode, By Organization Size, By Vertical, By Region, Competitive Strategies and Segment Forecasts for 2016-2026
Application Management Services Market By Deployment Type (Cloud and On-Premises), By Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), By Type, By Industry Vertical, And Segment Forecasts, 2016-2026
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Cloud Kitchen Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2026 | Top Companies like Toast, Square, Xenial, Ambiosys Labs, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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