Rising Hourly Restaurant Wages Raise Demand for Fast Food Automation in the Quick Service Restaurant IT Market (QSR)
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Global Fast Food Restaurant IT Market Expected to Reach $ 21,771.7 Million by 2027
ALBANY, NEW YORK, USA, Oct 1, 2021 /EINPresswire.com/ – According to the research report by Transparency Market Research, the global IT market for quick service restaurants is expected to grow at a significant growth rate of 7, 7% during the forecast period of 2020 to 2027. It also forecasts that the global IT market for quick service restaurants (QSR) will reach the valuation of US $ 21,771.7 million by the end of the forecast period , ie 2027. Growing demand for efficient and user-friendly solutions strengthens the development of the global Quick Service Restaurant (QSR) IT market in the coming years.
An increasing number of restaurants around the world are looking for new ways to make their operations more efficient and effective. A large number of new solutions are being explored in order to identify new areas to optimize the use of resources as well as to increase revenue generation. Various restaurants are adopting solutions in the global Quick Service Restaurant (QSR) IT market, such as portable electronics, signage systems, kiosks, digital menu cards, and point-of-sale. This trend is expected to drive service adoption in the global Quick Service Restaurant (QSR) IT market in the coming years.
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Rising hourly wages in the hotel and restaurant industry are paving the way for QSR automation which in turn is driving the growth of the global Quick Service Restaurant (QSR) IT market. On the other hand, security concerns, risk of database breach, and network connectivity issues might hamper the development of the Global Quick Service Restaurant (QSR) IT market in the coming years.
The hardware tools and devices offered by players in the global Quick Service Restaurant (QSR) IT market include digital signage, drive-thru terminals, portable devices, kiosks, point-of-sale, and digital menu cards. The software tools offered by the players in the global Quick Service Restaurant (QSR) IT market include reception, reconciliation, HR software, marketing, support operations, inventory management, labor management, data analysis, restaurant operations and franchise management.
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North America to Hold Largest Quick-Service Restaurant IT Market (QSR) Market Share
The major regions assessed in the business intelligence report of the Global Quick Service Restaurant (QSR) IT Market are Europe, Middle East and Africa, North America, South America, Middle East and Africa. Regionally, North America is expected to account for the largest share of the global Quick Service Restaurant (QSR) IT market in the coming years. However, the Asia-Pacific region is expected to experience the highest growth rate of the global Quick Service Restaurant (QSR) IT market in the coming years. This trend can be attributed to the growing demand for advanced and cutting edge technological solutions from regional economies such as India and China.
Buy exclusive research report at https://www.transparencymarketresearch.com/checkout.php?rep_id=34907 Quick Service Restaurant (QSR) IT market players engaged in strategic partnerships and mergers and acquisitions Some of the most prominent players operating in the global Quick Service Restaurant (QSR) IT market include CAKE Corporation, Delphi Display Systems, Inc., HM Electronics, Inc., LG Display Co. Ltd., NCR Corporation, Oracle Corporation, PAR Corporation, Revel Systems, Inc., Abcom Pty. Ltd., Cognizant, GoFrugal Technologies Pvt. Ltd., Imagine Print Solutions, Microsoft Corporation, NEC Display Solutions of America, Inc., Panasonic corporation, Restaurant Service Solutions and Verifone Systems, Inc. The competitive landscape of the Global Quick Service Restaurant (QSR) IT market is considered to be highly fragmented due to the presence of a large number of players operating within the industry. The major and historical players in the global Quick Service Restaurant (QSR) IT market are focused on providing personalized products at competitive prices with the aim of attracting more consumers. In addition, players in the global Quick Service Restaurant (QSR) IT market are also engaging in various inorganic strategies such as strategic partnerships as well as mergers and acquisitions to expand their business operations. Explore the latest reports from TMR Point of sale [POS] Terminal Market – https://www.transparencymarketresearch.com/point-of-sale-terminals-market.html Payment Service Provider Market – https://www.transparencymarketresearch.com/payment-service-provider-market.html About Us Transparency Market Research (TMR) is a market intelligence company providing market intelligence reporting and services on a global scale. Our proprietary blend of quantitative forecasting and trend analysis provides forward-looking information to thousands of decision makers. TMR’s experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information. Our commercial offers represent the most recent and most reliable information essential for companies to maintain a competitive advantage. Each TMR syndicated research report covers a different industry – such as pharmaceuticals, chemicals, energy, food and beverage, semiconductors, medical devices, consumer goods, and technology. These reports provide in-depth analysis and segmentation at possible microscopic levels. With a broader scope and a layered research methodology, TMR Syndicated Reports strive to provide clients with meeting their global research needs. Mr. Rohit Bhisey
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