Global Quick Service Restaurant (QSR) IT Sales Reached About 10318 Million USD In 2017
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The Quick Service Restaurant (QSR) IT market is very fragmented, there are so many players in the world. The key players are like Verifone?Systems, NCR Corporation, Cognizant, PAR Technology Corporation, NEC Display Solutions etc. The big players are from United States, EU and Japan.
The Quick Service Restaurant (QSR) IT sales reached about 10318 million USD in 2017 from 7379 million USD in 2013 all around the world, with the CAGR of 8.7%. The Leading growing markets are USA, EU, China and Japan.
United States is the largest consumption countries of Quick Service Restaurant (QSR) IT in the world in the past few years and it will keep increasing in the next few years. United States market took up about 21.3% the global market in 2013, while Europe was about 20.3%, and China is followed with the share about 19.02%.
Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. The international players like taking acquire of other companies, usually related to or can expand with her business. Their market in this industry can ranges from hardware or/and software to service. In other words, the big players in this industry now put more effort on The Quick Service Restaurant (QSR) IT chain.
Top 5 took up about 20% of the global market in 2017. And their annual growth rate are range mainly from 5% to 12%.
Looking to the future, the market will reach to 16.58 billion USD in 2023, from the 10.32 billion USD in 2017, with a CAGR of 8.22%