, /PRNewswire/ — The ‘Restaurant Digitization Solutions Market by Type (Software and Hardware) and Geography (North America, Europe, APAC, South America and Middle East and Africa) – Forecast and Analysis 2022-2026’ report has been published on the offering of Added Technavio. Technavio is ISO 9001:2015 certified and proud to have worked with more than 100 Fortune 500 companies for over 16 years.
Technavio has announced its latest market research report titled Global Restaurant Digitization Solutions Market 2022-2026
The potential growth difference for restaurant digitization solutions market between 2021 and 2026 is US$6.56 billion. To get the exact annual growth variance and Y-O-Y growth rate, request a free sample PDF report.
Market Drivers: The growing hospitality industry and changing consumer preferences are the key growth drivers in the market. The rapid increase in urban population has increased the number of consumers of chain restaurants around the world. In addition, changing lifestyles, changing dietary preferences, rapid urbanization and the increasing number of small families are driving the growth of the global restaurant industry. Also, exposure to different cultures and lifestyles has allowed people to experiment with different cuisines, creating multiple opportunities for restaurant operators. Therefore, hospitality businesses focus on improving customer service, which increases the demand for digitization solutions for restaurants.
Market Challenges: Complications related to the transition from traditional systems will challenge the growth of the market. End users face several challenges when migrating from traditional systems to new management systems. A core lead management software team should be formed to support management, executives, customer service team, IT team and end users, which will incur additional costs in integrating restaurant digitization solutions. Once implemented, the process needs to be realigned according to the culture of the team and should adequately map users with the lead management applications. Such complications are hampering the growth of the global restaurant digitization solutions market.
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Depending on the type, the software segment will make a significant contribution to the market growth during the forecast period. The segment’s growth is attributed to the advent of Industry 4.0 and the growth of the foodservice industry in developing countries. The segment is also driven by the introduction of customized software solutions from providers.
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Geographically, North America will be the leading region accounting for 48% of the market growth over the forecast period. The US and Canada are the key markets for restaurant digitization solutions in North America. The market growth in this region will be faster than the market growth in the European regions.
Find additional insights into the contribution of each segment and regional opportunities in the report. Buy now for detailed segment information.
Key companies mentioned in the report
Cognizant Technology Solutions Corp.
International Business Machines Corp.
Sharp NEC Display Solutions of America Inc.
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Market scope for restaurant digitization solutions
North America, Europe, APAC, South America and Middle East & Africa
USA, Canada, Germany, France and UK
Leading companies, competitive strategies, levels of consumer engagement
Clear Solutions, Cognizant Technology Solutions Corp., Digitory Solutions Pvt. Ltd., Flipdish Ltd., Fourth Enterprises LLC, GOFRUGAL, International Business Machines Corp., MustHaveMenus Inc., NCR Corp., Oracle Corp., Panasonic Corp., ParTech Inc., QSIME DMCC, Revel Systems Inc., Sharp NEC Display Solutions from America Inc., Snappy Innovation Inc., Sticky Menus LLC, TapHunter Inc., TouchBistro Inc. and Virtusa Corp.
Root Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, and Market State Analysis for the Forecast Period.
If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.
3.4 Market Outlook: Forecast for 2021-2026
4.3 Bargaining Power of Suppliers
5.3 Software Market Size and Forecast 2021-2026
5.4 Hardware Market Size and Forecast 2021-2026
7.3 North America- Market Size and Forecast 2021-2026
7.4 Europe Market Size and Forecast 2021-2026
7.5 APAC Market Size and Forecast 2021-2026
7.6 South America – Market Size and Forecast 2021-2026
7.7 Middle East and Africa Market Size and Forecast 2021-2026
7.8 United States – Market Size and Forecast 2021-2026
7.9 Canada – Market Size and Forecast 2021-2026
7.10 Germany – Market Size and Forecast 2021-2026
7.11 France – Market Size and Forecast 2021-2026
7.12 UK – Market Size and Forecast 2021-2026
7.13 Market Opportunities by Geography
8 drivers, challenges and trends
8.3 Impact of Drivers and Challenges
10.2 Market Positioning of Vendors
10.3 Cognizant Technology Solutions Corp.
10.4 Digitory Solutions Pvt. GmbH.
10.6 International Business Machines Corp.
11.2 Checklist for inclusions and exclusions
11.3 Currency Conversion Rates for US$
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Global Restaurant Digitization Solutions Market 2022-2026
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