Market Snapshot:
Restaurant technology affects all aspects of restaurant operations including employee scheduling, kitchen management, and customer service. Technology presents unique solutions for restaurants to differentiate themselves and for owners to run their businesses more efficiently. The restaurant technology is also making life a little easier for the staff who work behind the counter at fast-food restaurants while helping to improve the quality of the food being made.
Highlights from Restaurant Technology - Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Players profiled in the report are Toast (United States), Wolt (Finland), Aero Farm Systems (United States), Kitchen United (United States), Therma (United States), Food Market Hub (Malaysia), Moment Feed (United States), TouchBristro (Canada), CircleUp (United States) and Indifi Technologies (India). Additionally, other players that are part of this comprehensive study are DoorDash (United States), Prestro Services, Inc (United States) and Deliveroo (United Kingdom).
Geographic Breakdown and Segment Analysis
The Global Restaurant Technology - market presents a comprehensive analysis of the Restaurant Technology - market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Restaurant Technology - industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Restaurant Technology - market
Analyst at AMA have segmented the market study of Global Restaurant Technology - market by Type, Application and Region.
Influencing Trend:
Digitalization in the Food and Beverages Industry
Market Growth Drivers:
Various Benefits of Restaurant Technology and Restaurants are in High Demand
Challenges:
Regulatory Guidelines on the Restaurants
Restraints:
High Competition over the Globe
Opportunities:
Growing Implementation of Restaurant Technology and Increasing Online Food Ordering
Market Developments Activities:
On 10th June 2021, Toast has acquired xtraCHEF. The combination with xtraCHEF’s line item level cost data with Toast’s data to get insights into profitability by menu item, restaurants will have access to automaton and intelligence tools that streamline repeatable tasks.
In 2020, Therma has launched Thermal Scanner for Restaurants. The new launch lets restaurants and other foodservice businesses quickly perform automated health checks on guests and employees.
Regulatory Insights:
The Food Safety & Standards Authority of India (FSSAI) food licensing & registration system guidelines require that the restaurant has proper food preparation areas, toilets, and changing facilities.
Global Restaurant Technology - is a fragmented market due to the presence of various players. The players are investing more in mergers and acquisitions to enhance their market presence. The companies are planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Target Audience
Restaurant Technology -, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others