U.S. Quick Service Restaurant (QSR) Ecosystem Market, By Component (Hardware (Signage Systems, Kiosks, Point of Sale, Handheld Devices, Digital Menu Card, Drive Through Terminals), Software (Billing and Management, Analytics Software Solution), Service) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
Quick service restaurant is a restaurant that provides fast food in nominal time on the table. Nowadays quick-service restaurants are adopting digital services such as digital menu cards, handheld devices, point of sales, and signage systems for enhancing consumer experiences. They are the most demanding segment in the restaurant industry and are gaining rapid adoption across developing as well as the developed region.
The U.S. quick service restaurant (QSR) ecosystem market is estimated to account for US$ 7,323.2 Mn in terms of value by the end of 2019
Increasing adoption of the data-centric business model in the QSR ecosystem is driving the market growth. Use of such business model tracks 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.
Increasing focus on updating the restaurant menus and recipes for offering healthiest food options is projected to bring new market opportunities. Many restaurants have started offering fruits and vegetables over processed food products. This is attributed to growing health-conscious consumers around the globe and improving lifestyle of the customers. Thus increasing availability of healthy menus and recipes at restaurants is projected to foster market growth over the forecast period.
Key features of the study:
This report provides in-depth analysis of the U.S. quick service restaurant (QSR) ecosystem market and provides market size (US$ Million and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
This study also provides impact analysis of Coronavirus (Covid-19) pandemic on U.S. quick service restaurant (QSR) ecosystem market.
It profiles key players in the U.S. quick service restaurant (QSR) ecosystem market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study 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.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The U.S. quick service restaurant (QSR) ecosystem market report caters to various stakeholders in this industry including investors, suppliers, U.S. quick service restaurant (QSR) ecosystem market manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the U.S. quick service restaurant (QSR) ecosystem market
U.S. Quick Service Restaurant (QSR) Ecosystem Market, By Component:
Point of Sale
Digital Menu Card
Drive Through Terminals
Billing and Management
Analytics Software Solution
NEC Display Solutions ltd.
Cisco Systems Inc.
Samsung Electronics Co. Ltd.
LG Display Co., Ltd
Keywest Technology, Inc.
“*” marked represents similar segmentation in other categories in the respective section.
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