Restaurant Point of Sale Terminal Global Market Report 2023 – By Product (Fixed, Mobile), By Deployment Mode (Cloud, On Premise), By Component (Software, Hardware, Services), By End Users (Fast Service Restaurants (FSR), Quick Service Restaurant (QSR), Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

A point-of-sale terminal is a type of computerized replacement for a cash register that requires a card PIN to enter to complete the transaction and thus processes debit and credit cards. It is a secure method of payment as it eliminates the user errors that can occur during a transaction. Point-of-sale terminal is used to accept payment and keep track of sales. The main types of point-of-sale terminals are mobile and fixed. Mobile refers to a small hand-held device that has a display screen with touch input and a QWERTY keyboard and may provide users with telephony capabilities. The various components involved are hardware, software, and service. The various technologies involved are biometric, and traditional POS operated by windows, Linux, and mac applied in restaurants, hospitality, healthcare, retail, warehouse, entertainment, and other applications. The global point of sale terminals market is segmented - 1) By Product: Mobile, Fixed 2) By Component: Hardware, Software, Service 3) By Technology: Biometric, Traditional 4) By Operating System: Windows, Linux, MAC 5) By Application : Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Other Applications The global point-of-sale terminals market size will grow from $89.06 billion in 2022 to $97.6 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the point-of-sale terminals is expected to grow to $140.39 billion in 2027 at a CAGR of 9.5%. The increasing demand for contactless and cashless payments is expected to propel the growth of the point-of-sale terminal market going forward. Cashless and contactless payments refer to a payment method that does not involve cash for payment, which is a type of computerized replacement for a cash register. Point of sale terminals accept payments through cards and make cashless purchases possible. For instance, in June 2022, according to India Brand Equity Foundation, an Indian government export promotion agency, contactless transactions accounted for 25% in the year 2020, of all supermarket transactions, which increased to 31% by 2022. Therefore, increasing demand for contactless and cashless payments is driving the point-of-sale terminal market growth. Major players in the point-of-sale terminals market are Samsung Electronics Co. Ltd., NEC Corporation, Panasonic Holdings Corporation, Toshiba Corporation, Hewlett-Packard Development Company L.P., PAX Technology Limited, NCR Corporation, Xenial Inc., AURES Group, HM Electronics Inc., Toshiba Corporation, Diebold Nixdorf, Ezetap Mobile Solutions Pvt. Ltd., BBPOS, and Hintel Technology. Technological advancement is a key trend gaining popularity in the point-of-sale terminal market. Major companies operating in the point-of-sale terminal market are introducing various technological innovations to sustain their position in the point-of-sale terminal market. For instance, in September 2021, PAX Global Technology, a Chinese manufacturer of payment terminals, PIN pads, and point of sale hardware and software, launched android payphones in Amsterdam. These payphones are smartphones with unique features like the built-in point-of-sale technology and are innovative alternatives for acquiring banks and payment services. In November 2020, Worldline, a France-based payment, and transactional services company acquired Ingenico for a deal value of $8.5 billion. This acquisition is expected to help Worldline to join the international league of payment leaders as it has given the company a global footprint. Ingenico is a France-based payment service provider company operating in the point-of-sale terminals market. Asia-Pacific was the largest region in the point-of-sale terminals market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in point-of-sale terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the point-of-sale terminals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The point-of-sale terminal market consists of revenues earned by entities by providing self-service terminals, legacy software and cloud computing terminals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The point-of-sale terminal market research report is one of a series of new reports from The Business Research Company that provides point-of-sale terminal market statistics, including point-of-sale terminal industry global market size, regional shares, competitors with a point-of-sale terminal market share, detailed point-of-sale terminal market segments, market trends and opportunities, and any further data you may need to thrive in the point-of-sale terminal industry. This point-of-sale terminal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry

A restaurant refers to a location where people may buy and eat food and drinks. Mobile food services refer to a type of food service which involves the preparation of meals in or the delivery of it from a vehicle. The types of restaurants and mobile food services include full-service restaurants, limited-service restaurants, cafeterias, grill buffets, buffets, and mobile food services. A cafeteria is a self-service restaurant where customers select their meals from a counter and pay for them before taking them to their table. Cafeterias are typically situated in public facilities such as hospitals and retail establishments. Chained and standalone markets own the services, and prices range from high-end to economy. These services are provided through online and offline modes. The global restaurants and mobile food services market is segmented - 1) By Type: Full-Service Restaurants, Limited-Service Restaurants, Cafeterias, Grill Buffets, And Buffets, Mobile Food Services 2) By Ownership: Chain Market, Standalone Market 3) By Pricing: High-End, Economy 4) By Service Type: Online Booking, Offline Booking The global restaurants and mobile food services market grew from $2854.83 billion in 2022 to $3025.55 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The restaurants and mobile food services market is expected to grow to $3790.29 billion in 2027 at a CAGR of 5.8%. Globalization is expected to pave the way for more joint ventures, foreign investments, global expansion, and multi-national companies setting up facilities in high-growth regions, thereby allowing restaurant operators to offer their cuisines to customers around the world. Globalization is also making it easier for restaurants to procure exotic ingredients and hence provide a more sophisticated and wider variety of dishes to their customers, thereby giving restaurants an opportunity to compete globally. Furthermore, globalization has increased the number of potential vendors for restaurants, lowering the bargaining power of suppliers and thus helping the bottom line. For example, McDonald's is produced in many countries and has franchises around the world. It invests and supports initiatives to adapt its products and services to different locales to ensure its global brand. This rise in globalization is likely to boost investments and consequentially drive the market going forward. Major companies in the restaurants and mobile food services market include Darden Restaurants, Yum China Holdings Inc., McDonald's, Chipotle, Berkshire Hathaway Inc., Subway; Zensho Holdings Co Ltd., Chick-fil-A, Brinker International, Bloomin’ Brands. The outbreak of COVID-19 has acted as a massive restraint on the restaurants and mobile food services market in 2020 as governments globally imposed restrictions on domestic and international travel, limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down." The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the restaurants and mobile food services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Establishments in the restaurants and mobile food services market rely heavily on recommendations and reviews. Therefore, restaurants are promoting themselves through social media platforms. Mobile applications like GrubHub and JustEat allow customers to review, browse the menu and nutrition information, order and make reservations. Social media is enhancing customer loyalty and public reputation as customers share photos and reviews, thereby increasing awareness of restaurants. For example, restaurants are adopting live streaming restaurant videos to engage their online followers and interact with them. Social media is expected to be a significant driver of the restaurants and mobile food services industry. Asia-Pacific was the largest region in the restaurants and mobile food services market in 2022. North America was the second largest region in the restaurants and mobile food services market. The regions covered in the restaurants and mobile food services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the restaurants and mobile food services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The restaurants and mobile food services market includes revenues earned by entities by offering food services to patrons who order and are served while seated (i.e., waiter/waitress service) and pay after eating; and providing food services to patrons who generally order or select items (e.g., at a counter, in a buffet line) and pay before eating. The market also includes revenues earned from preparing and/or serving a specialty snack (e.g., ice cream, frozen yogurt, cookies) and/or nonalcoholic beverages (e.g., coffee, juices, sodas) for consumption on or near the premises. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The restaurants and mobile food services market research report is one of a series of new reports from The Business Research Company that provides restaurants and mobile food services market statistics, including restaurants and mobile food services industry global market size, restaurant and mobile food services industry market regional shares, competitors with a restaurants and mobile food services market share, detailed restaurants and mobile food services market segments, restaurant and mobile food services industry market trends and opportunities, and any further data you may need to thrive in the restaurants and mobile food services industry. This restaurants and mobile food services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Sales intelligence refers to the range of tech solutions that provide data to salespeople, which helps sales and marketing teams identify, analyze, present, and make use of data for their potential customers and their requirements. It is used to understand consumer behavior and target audience with the best products to fulfil their requirements. The main components of sales intelligence are software and services. Software solutions are used to improve the quality and quantity of sales leads that provide companies to use their internal and external data to find new opportunities. Sales intelligence solutions are used in different organization sizes such as large enterprises and small-medium enterprises (SMEs). Sales intelligence is deployed on-premises and cloud. Sales intelligence solutions are applied for lead management, data management, analytics and reporting, and others. Sales intelligence is used by end-users such as BFSI, IT and telecom, healthcare and life sciences, consumer goods and retail, media and entertainment, and other end users. The global sales intelligence market is segmented - 1) By Component: Software, Services 2) By Organization Sizes: Large Enterprises, SMEs 3) By Deployment Type: On-Premises, Cloud 4) By Application: Lead Management, Data Management, Analytics and Reporting, Other Applications 5) By End User: BFSI, IT And Telecom, Healthcare And Life Sciences, Consumer Goods And Retail, Media And Entertainment, Other End Users The global sales intelligence market size will grow from $3.05 billion in 2022 to $3.42 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the sales intelligence is expected to grow to $5.49 billion in 2027 at a CAGR of 12.5%. The surge in demand for content optimization and data enrichment tools had driven the sales intelligence market. Data enrichment solutions enable businesses to maximize their data which offers new marketing opportunities, communication channels, and improved client targeting. Also, content optimization is equally important to reduce the danger of overloading as much new content is being created every day. For instance, according to the article published by iMpact learning center, a center for education, more than 1.3 million businesses, website publishers, and non-profits organizations are being benefited from using Google’s advertising solutions for content optimization. Hence, the demand for content optimization and related services will raise the demand for sales intelligence tools and will drive the sales intelligence market growth. Major players in the sales intelligence market are Clearbit, Demandbase, Inc., InsideView, LinkedIn Corporation, Oracle Corporation, Zoho Corporation, DiscoverOrg, Dun & Bradstreet Corporation, Data Axle, HG Insights, ZoomInfo Technologies LLC, HG Insights, LeadGenius, InfoGroup, UpLead, RelPro, DueDil, EverString, RingLead, Gryphon Networks, List Partners, FullContact, and Relationship Capital Partners Inc. The infusion of AI and ML capabilities to automate the pre-sales process has been a trend in the sales intelligence market. The infusion of artificial intelligence and machine learning has created a massive opportunity for companies to automate their pre-sales and sales process and improve sales leads. For instance, in September 2022,NielsenIQ BASES, a US-based new product, and innovation developmentintroduced BASES Creative Product AI, to test, screen, and optimize product formulations. BASES Creative Product AI is built with 100 models and algorithms, to create an artificial intelligence engine to predict performance and identify unique ways to optimize products and offers clients the to develop exciting new products for consumers. In July 2021, ZoomInfo Technologies Inc., a US-based software and data company that provides information and data for companies and business individuals acquired Chorus.ai for a deal of $575 million. The purchase of Chorus will help ZoomInfo Technologies Inc., achieve its goal of standing up for salespeople by assisting them in finding, connecting with, and selling to decision-makers at the businesses most likely to purchase their goods and services. Chorus.ai is a US-based company operating in sales analytics. North America was the largest region in the sales intelligence market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the sales intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the sales intelligence market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The sales intellignece market includes revenues earned by entities by personalizing the sales strategy, enriching and cleaning the existing customer data. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The sales intelligence market research report is one of a series of new reports from The Business Research Company that provides sales intelligence market statistics, including sales intelligence industry global market size, regional shares, competitors with a sales intelligence market share, detailed sales intelligence market segments, market trends and opportunities, and any further data you may need to thrive in the sales intelligence industry. This sales intelligence market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Point of sale displays refers to a form of printed promotional material installed by retailers at or around the point of sale. The point of sale (POS) display is used as a sales promotion tool which is placed next to the merchandise it is promoting. It provides customers a visual representation of items and aid in their realization. The main types of point-of-sale displays are flour displays, freestanding displays, countertop displays, and other types. Floor display refers to a physical retail environment to hold products from which the consumer can shop. The applications include mobile POS and fixed POS used by restaurants, retail, healthcare, warehouse, entertainment, hospitality, and other end users. The global point of sale display market is segmented – 1) By Type: Flour Displays, Freestanding Displays, Countertop Displays, Other Types 2) By Application: Mobile POS, Fixed POS 3) By End-User: Restaurants, Retail, Healthcare, Warehouse, Entertainment, Hospitality, Other End-User The global point of sale display market size will grow from $10.8 billion in 2022 to $11.69 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The point of sale display market size is expected to grow to $15.78 billion in 2027 at a CAGR of 7.8%. The increase in the expansion of retail chains is expected to propel the growth of the point of sales display market going forward. Retail chains refer to a range of retail outlets, which share a brand and central management, usually with standardized business practices. Point of sale displays helps retail chains by provoking impulse purchases from customers. For instance, according to India Brand Equity Foundation, an Indian Government export promotion agency, India's retail sector is expected to touch $1.5 trillion by 2030 from $0.8 trillion in 2020. Therefore, the increasing expansion of retail chains is driving the point of sales display market. Major players in the point of sale display market are Easternpak, UNIPAKNILE Ltd., INDEVCO Group, DS Smith, Clearpak, Smurfit Kappa Group, Bennett Packaging, WestRock Company, Virtual Packaging, Felbro Inc., Marketing Alliance Group, Bling Bling Packaging & Displays, Creative Displays Now, Clover and Upserve. The development of recyclable point of sales (POS) displays is a key trend gaining popularity in the point of sales display market. Major companies operating in the point of sales display market are developing recyclable POS displays to strengthen their position in the point of sale display market. For instance, in June 2021, Ferrero Australia, an Australia-based company operating in the point of sale display market developed a trial of 100% recyclable Kinder Bueno POS displays, to save more than 10,000 square meters of plastic and to develop recyclable POS displays. Ferrero has developed this trial in partnership with Think Display, an Australia-based company operating in POS displays. This initiative aims sustainability strategy to reduce carbon footprint by 2030. In April 2021, Gemspring Capital, a US-based company specializing in flexible capital solutions to lower middle-market companies, acquired Outform, Inc., and merged it with Rapid Displays for an undisclosed amount. Through this merger and acquisition, the combined company will offer a comprehensive range of design and execution skills to service renowned brands and retailers. Outform, Inc is a Miami-based company that develops concrete customer interactions that enrich, bind, and humanize brand experiences. Rapid Displays is a US-based company that offers a complete visual merchandising solution such as+ creative retail displays, store fixtures, kiosk merchandising, and more. North America was the largest region in the point of sale display market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point of sale display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the point of sale display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The point of sale (POS) display market consists of sales of point of sale (POS) display including dump bins, display cubes, and shelf edging, among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The point of sale displays market research report is one of a series of new reports from The Business Research Company that provides a point of sale displays market statistics, including point of sale displays industry global market size, regional shares, competitors with a point of sale displays market share, detailed point of sale displays market segments, point of sale displays market trends and opportunities, and any further data you may need to thrive in the point of sale displays industry. This point of sale displays a market research report that delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Sales performance management refers to a set of operational and analytical capabilities that automate and combine back-office operational sales operations, with the goal of increasing operational efficiency and effectiveness. Sales performance management is used to track sales performance and set up to meet or exceed the company's revenue goals. The main types of SPM are solutions and services. The solutions for SPM refer to sales methodology where a salesperson holistically considers a prospect's needs. Some of the solutions used in sales are incentive compensation management (ICM), which is used in designing, implementing, and optimizing a strategic plan around sales commissions and incentives. The various organization sizes include large enterprises and small and medium-sized enterprises (SMEs), which are deployed on-premises, and in the cloud. It is employed in BFSI, telecommunications, manufacturing, consumer goods and retail, healthcare and pharmaceuticals, energy and utilities, and other verticals. The global sales performance management market is segmented - 1) By Component: Solutions, Services 2) By Organization: Large Enterprises, Small and Medium-sized Enterprises (SMEs) 3) By Deployment: On-premises, Cloud 4) By Vertical: BFSI, Telecommunications, Manufacturing, Energy and Utilities, Consumer Goods and Retail, Healthcare and Pharmaceuticals, Other Verticals The global sales performance management market size will grow from $5.64 billion in 2022 to $6.58 billion in 2023 at a compound annual growth rate (CAGR) of 16.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global sales performance management industry is expected to grow to $11.88 billion in 2027 at a CAGR of 15.9%. The increase in automation is expected to propel the growth of the SPM market going forward. Automation is a set of operational and analytical functions used to automate and combine back-office operational sales activities. Major players in the SPM market are adopting automation processes to increase operational efficiency and effectiveness. For instance, according to Oracle Netsuite, a US-based computer software company, the number of organizations in the United States that have fully automated at least one function has risen to 31% in 2020. Also, 60% of US retailers implemented AI and automated processes in 2020, up from 35% during the prior year. Hence, the increasing automation in business and business processes will drive the market for SPM. Major players in the SPM market are SAP, Oracle, Xactly, Anaplan, Varicent, beqom, Salesforce, Iconixx, IBM Corporation, Callidus Software Inc., Gryphon Networks, CellarStone, Zoho Corporation Pvt. Ltd., and Microsoft Corporation. New product innovations have emerged as the key trend gaining popularity in the SPM market. Major companies operating in the SPM sector are focused on developing new innovative products to strengthen their position. For instance, in January 2021, Salesforce, a US-based cloud-based software company, launched Loyalty Management, a solution that allows companies to build intelligent loyalty programs for both B2B and B2C customers with a flexible, configurable, and quickly deployable solution that fits their specific needs across industries such as retail, consumer goods, manufacturing, travel, and hospitality. Companies can use this solution to develop more personalized customer experiences, change loyalty programs to meet changing customer expectations, and help generate business value by generating loyal, lifetime customers. In October 2020, Varicent, a Canada-based software company, acquired the FunnelCake solution for an undisclosed amount. Through this acquisition, FunnelCake deepens Varicent’s Salesforce.com integrations and expertise, resulting in better client outcomes. FunnelCake is a Canada-based company that helps businesses increase revenue at scale by enhancing lead and pipeline management performance. North America was the largest region in the SPM market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the SPM market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the SPM market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The sales performance management market includes revenues earned by entities by providing services such as incentives compensation management, quota management and planning, territory management, advanced analytics, and gamification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The SPM market research report is one of a series of new reports from The Business Research Company that provides SPM market statistics, including SPM industry global market size, regional shares, competitors with an SPM market share, detailed SPM market segments, market trends, and opportunities, and any further data you may need to thrive in the SPM industry. This SPM market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Food and beverage service refers to the activity of preparation, exhibiting, and serving meals and drinks to consumers. The forms and cuisines that make up food can vary greatly. The main types of food and beverage services are restaurants and mobile food services, bars and cafes, catering services, and food contractors. Catering services is the business of providing food service at a remote location or at a specific location, such as a hotel, hospital, pub, airline, cruise ship, park, filming location or studio, entertainment location, or event venue. Chain markets and standalone markets own the services, and prices range from high-end to low-end. These services are provided through online and offline modes. The global food and beverage services market is segmented - 1) By Type: Restaurants And Mobile Food Services, Bars And Cafes, Catering Services And Food Contractors 2) By Ownership: Chain Market, Standalone Market 3) By Pricing: High-End, Economy 3) By Service: Online, Offline Subsegments Covered: Full-Service Restaurants, Limited-Service Restaurants, Cafeterias, Grill Buffets, And Buffets, Mobile Food Services, Snack And Nonalcoholic Beverage Bars, Drinking Places (Alcoholic Beverages), Food Service Contractors, Catering Services The global food and beverage services market grew from $3,559.94 billion in 2022 to $3,763.14 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market is expected to grow to $4,651.03 billion in 2027 at a CAGR of 5.4%. The food and beverage services market is expected to benefit from the rising digitalization of food services. Consumers are increasingly preferring to order food online for home delivery. For instance, according to KPMG, the average spend per person per year on food takeaways in the UK rose by 42% over two years, from £452 ($506) in 2019 to £641 ($721) in 2021. Major companies providing food delivery services include Deliveroo, Just Eat, and Uber Eats. This trend is likely to continue in the forecast period and will drive the food and beverage services market going forward. Major companies in the food and beverage services market include Compass group plc, Starbucks, Sodexo, Aramark corporation, McDonald's, Darden Restaurants, Yum China Holdings Inc., Chipotle, Berkshire Hathaway Inc. and Subway. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the food and beverage services market in 2020 as governments globally imposed restrictions on domestic and international travel, limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down." The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the food and beverage services market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Modernizing technologies in restaurants improves customer satisfaction, thereby boosting restaurant sales. Establishments in the industry are introducing self-ordering touchscreen kiosks, mobile apps for customizable orders and quick payment, and digital entertainment such as gaming. For instance, in 2020, McDonald’s, a US-based fast food company, created a team focused on digital customer engagement as the restaurant industry continues to look to technology as a key way to boost sales. The new team is part of the fast-food company's ambition to leverage technology to reach out to customers and increase sales. As part of that endeavor, McDonald's has installed digital self-order kiosks in its restaurants, expanded meal delivery, and made tech-focused investments. Asia-Pacific was the largest region in the food and beverage services market in 2022. North America was the second largest region in the food and beverage services market. The regions covered in the food and beverage services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the food and beverage services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The food and beverage services market includes revenues earned by entities by providing meals, snacks, and beverages to customer order for immediate on-premises and off-premises consumption. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The food and beverage services market research report is one of a series of new reports from The Business Research Company that provides food and beverage services market statistics, including food and beverage services industry global market size, regional shares, competitors with a food and beverage services market share, detailed food and beverage services market segments, market trends and opportunities, and any further data you may need to thrive in the food and beverage services industry. This food and beverage services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Prepared meal delivery refers to the convenient services consisting of meals that can be simply reheated or cooked instantly and consumed with the minimum cooking, cutting, or cleaning required. These services are used to provide prepared meals through a subscription-based business model in which companies send clients ready-to-cook fresh ingredients for home-cooking meals. The main types of supplies in the prepared meal delivery market are cook and eat and heat and eat. Cook-and-eat meals provide customers with the taste of home-cooked meals where raw ingredients have been precut, seasoned, and combined to make cook-and-eat meals. The different prepared meal delivery services include one and several, available through online and offline platforms. The global prepared meal delivery market is segmented - 1) By Supply: Cook And Eat, Heat And Eat 2) By Service: One, Several 3) By Platform: Online, Offline The global prepared meal delivery market size grew from $11.71 billion in 2022 to $13.32 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the prepared meal delivery market is expected to grow to $22.99 billion in 2027 at a CAGR of 14.6%. The major driving factor of the prepared meal delivery market is the preference for junk meals by the working population and students. Junk meals are pre-prepared or packaged foods that are extremely convenient and can be consumed immediately. The meal kit delivery industry has been a big success because it appeals to consumers who want to cook their own food without having to go grocery shopping. These are popular with busy parents, millennials, individuals juggling several jobs, working couples, and people with particular dietary needs who prefer pre-planned items or meals so they can create meals quickly. Hence, preference for junk meals is driving the growth of the prepared meal delivery service market. Major players in the prepared meal delivery market are Blue Apron, EveryPlate, Freshly, Gobble, Green Chef Corporation, HelloFresh, Relish Labs (Home Chef), Hungryroot, Marley Spoon, Purple Carrot, Fresh n' Lean, Sun Basket, Factor75, Trifecta, Snap Kitchen, Daily Harvest, Splendid Spoon, Diet-To-Go, RealEats, Chef'd, Foodstirs, Green Chef, FreshDirect, Munchery, 1 Potato, PeachDish, and Terra's Kitchen. Contactless delivery is the new trend gaining popularity in the prepared meal delivery market. As the COVID-19 pandemic continues to wreak havoc across the globe, social separation will remain a well-established way of life. Food outlets are embracing innovative food delivery platforms to drive seamless contactless deliveries, keeping the safety of customers and delivery personnel in mind. For example, Zomato, an India-based food delivery company, and Swiggy, an India-based food delivery company, have started contactless delivery in 2020. Domino’s Pizza, a Michigan-based pizza delivery chain, has also started a no-contact pizza delivery service in the year 2020. In November 2020, HelloFresh, a Germany-based meal kit subscription company, acquired Factor75, Inc., for a deal amount of $277 million. With this acquisition, HelloFresh's ambition is to strengthen its leading position and expand its total addressable market in the United States. The combined resources, operational excellence, and data-driven strategy will benefit both organizations. Factor75, Inc. is a USA-based provider of meal preparation and delivery services with the goal of providing a perfect mix of nutrients and flavor to improve mental and physical performance. North America was the largest region in the prepared meal delivery market in 2022. Asia-Pacific was the second largest market in prepared meal delivery market. The regions covered in the prepared meal delivery market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the prepared meal delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The prepared meal delivery market includes revenues earned by entities by reducing food and packaging wastage while saving time and money. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The prepared meal delivery market research report is one of a series of new reports from The Business Research Company that provides prepared meal delivery market statistics, including prepared meal delivery industry global market size, regional shares, competitors with a prepared meal delivery market share, detailed prepared meal delivery market segments, market trends and opportunities, and any further data you may need to thrive in the prepared meal delivery industry. This prepared meal delivery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The global information technology (IT) market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software The global information technology (IT) market size grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology (IT) market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology (IT) market share in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology (IT) market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology (IT) market. The regions covered in the information technology (IT) industry analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology (IT) market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.