Global Quick Service Restaurant Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Quick Service Restaurant Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Quick Service Restaurant (QSR) is innovating and adopting point-of-sale solutions, handheld devices and kiosks to provide differentiated services. In addition, the increasing popularity of mobile payment solutions has also contributed to the growth of the QSR IT market.

Market Overview:

The latest research study on the global Quick Service Restaurant market finds that the global Quick Service Restaurant market reached a value of USD 8066.64 million in 2022. It’s expected that the market will achieve USD 12554.68 million by 2028, exhibiting a CAGR of 7.65% during the forecast period.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Verifone Systems Inc., Cognizant, Oracle Corporation with the revenue market share of 4.70%, 4.34% and 4.26% in 2018.

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices. It also provides portable payment devices, including small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS or Android based smartphones and tablets. In addition, it offers integrated electronic payment systems that combine electronic payment processing, fuel dispensing, and ECR functions, as well as secure payment systems for integration with petroleum pump controllers; unattended and self-service payment solutions designed to enable payment transactions in self-service, high-transaction volume, and public transportation environments; and network access solutions.

Cognizant Technology Solutions Corp. provides information technology consulting and technology services in North America, Europe, and Asia. These include business-process, it, strategy, and technology consulting; application design, development, integration, and re-engineering; complex custom-systems development; data warehousing/business intelligence; customer relationship management (crm) and enterprise-resource planning (erp) system implementation; and software-testing services. The company also offers outsourcing services, including application, crm, and erp maintenance, and its infrastructure and business-process outsourcing.

Segmentation Overview:

Among different product types, Service segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Large Consumers segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Quick Service Restaurant market covered in Chapter 3:

Panasonic Corporation
SZZT Electronics
Verifone Systems Inc
Revel Systems
PAX Technology
PAR Technology Corporation
Cognizant
Oracle Corporation
NCR Corporation
Shenzhen Xinguodu

In Chapter 4 and Chapter 14.2, on the basis of types, the Quick Service Restaurant market from 2018 to 2029 is primarily split into:

QSR Independent
QSR Chain

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Quick Service Restaurant market from 2018 to 2029 covers:

Large Consumers
Small Consumers

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)