U.S. Quick Service Restaurant IT Market to Reach US$6.22 Bn by 2024 at 7.4% CAGR From 2016 to 2024

Transparency Market Research - Seite 2

Need for Speed in Consumer Services to Stimulate Demand 

With a continuous rise in the numbers of quick service restaurants in the U.S., the competition has also soared. Hence, ways of delivering best-in-class services and meeting consumer expectations are being pursued. This has driven the increased adoption of digital channels for transacting in quick service restaurants in the past few years in the U.S. market. QSRs in the country are updating their internal systems to make meal orders and payments compatible with near field communication and mobile wallets. Contactless payment solutions, which can immensely help smoothen transactions, are increasingly being tested by payment solution providers for creating quick payment options. 

Browse In Detail Regional Analysis: 

In the next few years, the rising number of smartphones users in the country is expected to make smartphones the central point of contact with consumers for the QSR industry. Thus solutions enabling purchasing, ordering, and payment using smartphones will be the most promising revenue generators. 

Hardware Components to Contribute to Substantial Share in Revenue 

In terms of component, the U.S. QSR IT market is ruled by the hardware segment, which contributed the key share in the market's revenue in 2015, an estimated US$1.99 bn. However, the segment is expected to lose its attractiveness to the software segment, which is projected to rise at a high CAGR of 9.9% in the U.S. QSR IT market over the period between 2016 and 2024. The services segment will rise at more than 7% CAGR over the same period. 

Browse the Press Release: http://www.transparencymarketresearch.com/pressrelease/us-quick-service-restaurant-it-market.htm

On a whole, the U.S. QSR IT market will exhibit a favorable 7.4% CAGR from 2016 to 2024. The market is expected to rise from a valuation of US$3.21 bn in 2015 to US$6.22 bn by 2024. 

This review is based on a recent market research report published by Transparency Market Research, titled "Quick Service Restaurant (QSR) IT Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024." 

For the purpose of this study, the market has been segmented as follows: 

By Hardware 

• Signage System
• Kiosks
• Drive Through Terminals
• Point-of-Sale
• Handheld Device
• Digital Menu Card

By Software