This market research report presents detailed segmentation of the IT spending in the food delivery market by geography (Americas, EMEA, and APAC). Key findings also include an analysis of the leading vendors such as IBM, HP, Microsoft, and Netsuite.
Technavio’s market research analysts estimate the global IT spending in food delivery marketplace to generate revenues worth US $1,572 million between 2015 and 2019. The rising demand to have hassle-free services based on the convenience of time and place is the primary driver for the growth of this market. The Americas account for the largest share of the IT spending in food delivery market, with the US emerging as the market leader in this region. Much of this region’s growth comes from the vast number of venture capital funded food technology companies such as Bento, Maple, and Gobble.
The new market research report from Technavio provides a breakdown and analysis of the IT spending in food delivery segments by technology.
“In recent times, online ordering of food through mobile apps has gained prominence in the market, thanks to the conducive smartphones features and technologies. Several organizations, in collaboration with independent software vendors are creating and developing food delivery apps through Big Data/analytics solutions. For instance, FoodPanda is working with telecom and chat app companies to increase their brand visibility,” says Navin Rajendra, Lead Analyst, IT Services, Technavio Research.
IT spending in the food delivery marketplace comprises buying and developing software for multiple channels and integration across the market’s value chain, including restaurant sites, logistics, and consumer sites. Companies are using off-the-shelf hardware and software platforms to build customized hardware. Several food delivery companies are expected to increase their IT spending in software development, website integration, updates, and maintenance of software, and deployment of analytical tools, during the forecast period.
The leading vendors in the global IT spending in food delivery marketplace include IBM, HP, Microsoft, and Netsuite. Vendors operating in this market are investing heavily in building secure solutions. Most of these security solutions focus on encrypting customer information stored on credit cards or debit cards.
A more detailed analysis is available in the Technavio report, Global IT Spending in Food Delivery Marketplace 2015-2019.
We can customize reports by other regions and specific segments upon request.
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