Global Restaurant Online Ordering System Market Overview:
Restaurant online ordering system provides ease and convenience of ordering food online without actually going to the restaurant. The system uses the internet that connects the restaurants or any other food outlet and the customers. This system allows one to browse the food items they want to order form the number of restaurants, this way they can also check the offers and discounts provided in the system. With the rising number of working-class people and their changing lifestyle is expected to grow the global restaurant online ordering system market in the coming years.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Use of Mobile Application for Restaurant Online Ordering and Restaurant Online Delivery System is Being Widely Used by Millenials
Market Growth Drivers:
Growing Number of Working-Class People In Developing Economies, Rising Digitalization in Food and Beverages Industry for Convenience and Increasing Disposable Income and Changing Standard of Living Across the World
Challenges:
Stiff Competition in the Restaurant Online Ordering System Market
Restraints:
Risk of Data Safety like Location or Home Address and Less Reliability in the Quality of Food
Opportunities:
Technological Advancements in Online Ordering System and Food Delivery Apps and Marketing Opportunities for Restaurants in Online Ordering System
Competitive Landscape:
Some of the key players profiled in the report are Menufy LLC (United States), Restolabs (United States), Olo (United States), GloriaFood Tech SRL (Romania), Lavu, Inc. (United States), Toast, Inc. (United States), ChowNow (United States), Revel Systems (United States) and TouchBistro Inc. (Canada). Considering Market by Platform, the sub-segment i.e. Desktop will boost the Restaurant Online Ordering System market. Considering Market by Delivery Models, the sub-segment i.e. Full Service Focused Delivery Model will boost the Restaurant Online Ordering System market. Considering Market by Deployment, the sub-segment i.e. Cloud-based will boost the Restaurant Online Ordering System market. Considering Market by Payment Method, the sub-segment i.e. Online Payment will boost the Restaurant Online Ordering System market.
On 24th April 2019, Lavu announced the acquisition of MenuDrive. Lavu's best in the class mobile point-of-sale system provides restaurateurs with a comprehensive management platform that streamlines operations and increases revenues. By harnessing MenuDrive’s expertise in the restaurant e-commerce space with Lavu’s mobile point-of-sale systems, the combined companies will be even better prepared to help restaurants succeed in today’s competitive digital landscape.
What Can be Explored with the Restaurant Online Ordering System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Restaurant Online Ordering System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Restaurant Online Ordering System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Restaurant Online Ordering System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Restaurant Online Ordering System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Restaurant Online Ordering System Providers, Restaurants, Industry Associations, Regulatory Bodies, Potential investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.