Published by Coherent Market Insights
Posted on September 27, 2021
Quick service restaurant is a specific type of restaurant that aims to serve fast food to the customer quickly and on time. They are the most demanding segment in the restaurant industry and are gaining rapid adoption across developing as well as the developed region.
Increasing adoption of the data-centric business model in the QSR ecosystem is driving the market growth. Use of such business model to track voided and purchased items at the point of sale. The data-centric business model also offers a key competitive edge and due to this most of the restaurants are likely to adopt this system in the near future. For instance, McDonald’s is continuously pursuing big data analysis to optimize the drive-thru experience.
The U.S. quick service restaurant (QSR) ecosystem market is estimated to account for US$ 7,324.2 Mn in terms of value by the end of 2019.
Top Key Players in U.S. Quick Service Restaurant (QSR) Ecosystem market: Panasonic Corporation, Nanonation, Inc., NEC Display Solutions Ltd., Cisco Systems Inc., Hewlett-Packard Company, Omnivex Corporation, Samsung Electronics Co. Ltd., LG Display Co. Ltd., Keywest Technology, Inc., REDYREF Inc.
Regional Analysis For U.S. Quick Service Restaurant (QSR) Ecosystem Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the U.S. Quick Service Restaurant (QSR) Ecosystem market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Increasing preferences for fast food among X, Y, and Z generation is expected to propel the market growth of U.S. quick service restaurant. Factor such as good taste, convenience, and economical in term of time as well as cost is also acting as a catalyst in the growth of the quick-service restaurant market. Moreover, changing lifestyle of the consumer along with the increasing purchasing power is again anticipated to propel the market growth.
Various restaurants have started offering various other services such as take-out, home delivery, and drive-thru which are high in demand across consumer living modern lifestyle. This factor is expected to provide potential market opportunities over the forecast period. Moreover, the shifting preferences among customer towards dinning at home is further expected to contribute to creating demand for home delivery services.
A growing number of restaurants offering vegetarian foods due to veganism is expected to offer lucrative market opportunities. Moreover, increasing adoption of advanced technology such as kitchen-display screens, touchscreen point of sales terminals, and self-order kiosks is again anticipated to foster the market growth of the U.S. quick-service restaurant. All these factors will favor the market growth over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post U.S. Quick Service Restaurant (QSR) Ecosystem market size analysis by development history, growth status appeared first on Gatorledger.
Quick service restaurant is a specific type of restaurant that aims to serve fast food to the customer quickly and on time. They are the most demanding segment in the restaurant industry and are gaining rapid adoption across developing as well as the developed region.
Increasing adoption of the data-centric business model in the QSR ecosystem is driving the market growth. Use of such business model to track voided and purchased items at the point of sale. The data-centric business model also offers a key competitive edge and due to this most of the restaurants are likely to adopt this system in the near future. For instance, McDonald’s is continuously pursuing big data analysis to optimize the drive-thru experience.
The U.S. quick service restaurant (QSR) ecosystem market is estimated to account for US$ 7,324.2 Mn in terms of value by the end of 2019.
Top Key Players in U.S. Quick Service Restaurant (QSR) Ecosystem market: Panasonic Corporation, Nanonation, Inc., NEC Display Solutions Ltd., Cisco Systems Inc., Hewlett-Packard Company, Omnivex Corporation, Samsung Electronics Co. Ltd., LG Display Co. Ltd., Keywest Technology, Inc., REDYREF Inc.
Regional Analysis For U.S. Quick Service Restaurant (QSR) Ecosystem Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the U.S. Quick Service Restaurant (QSR) Ecosystem market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Increasing preferences for fast food among X, Y, and Z generation is expected to propel the market growth of U.S. quick service restaurant. Factor such as good taste, convenience, and economical in term of time as well as cost is also acting as a catalyst in the growth of the quick-service restaurant market. Moreover, changing lifestyle of the consumer along with the increasing purchasing power is again anticipated to propel the market growth.
Various restaurants have started offering various other services such as take-out, home delivery, and drive-thru which are high in demand across consumer living modern lifestyle. This factor is expected to provide potential market opportunities over the forecast period. Moreover, the shifting preferences among customer towards dinning at home is further expected to contribute to creating demand for home delivery services.
A growing number of restaurants offering vegetarian foods due to veganism is expected to offer lucrative market opportunities. Moreover, increasing adoption of advanced technology such as kitchen-display screens, touchscreen point of sales terminals, and self-order kiosks is again anticipated to foster the market growth of the U.S. quick-service restaurant. All these factors will favor the market growth over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post U.S. Quick Service Restaurant (QSR) Ecosystem market size analysis by development history, growth status appeared first on Gatorledger.
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