Global Food Delivery Mobile Application Market: Overview
The world food delivery mobile application market is treading a growth path as technology has become an essential element of functioning of several industry sectors including the food industry. The acceptance of technology in the food industry is gaining pace as both businesses and consumers are reaping the benefits.
The report’s authors appropriately segments the global market for food delivery mobile application based on deployment type, end user, and geography.
The analysts of this publication have provided an in-depth analysis of the world food delivery mobile application market along with substantial focus on the competitive structure. The key regions of the market have been carefully evaluated and analyzed to reveal growth opportunities that market players can tap into in the forthcoming years.
Global Food Delivery Mobile Application Market: Trends and Opportunities
The worldwide market for food delivery mobile application is gaining impetus from the incessant penetration of smartphones. The increasing ubiquity of smartphones for everyday functioning has enabled the food industry to leverage this medium for expanding customer base. Restaurants, food service joints, and proprietors and franchisees of food selling services are leveraging mobile application as an innovative way to attract customers.
In today’s fast paced world, the connection between businesses and end-consumers has played a pivotal role in the growth of any business. The increasing number of online platforms have led to a rapid change in food delivery model across many parts of the world such as in the Americas, Europe, Asia, and the Middle East. The food delivery process has changed from website ordering to using mobile application on smartphones.
On the part of technology providers, efforts to introduce novel mobile applications for the food service segment that are easy to browse and are visually appealing is also boosting the market’s growth. These applications are aggregated platform that act as a middleman between restaurants and customers and allow users to access single or multiple restaurants.
Mobile applications can be used to serve the food industry in other ways as well. This includes online slot reservation and online ordering of digital menu card. This helps individuals to make reservations ‘on the go’ owing to features such as delivery location, customer orders, and reviews. Technological advances such as GPS which is increasingly becoming common feature in smartphones is also helpful for the food industry.
The food delivery mobile application market faces growth challenges due to low Internet connectivity on mobile devices. Furthermore, additional cost incurred by restaurant or food service franchisee to launch a mobile application, and further for maintenance, installation, and marketing is limiting the growth of food delivery mobile application market to some extent.
Global Food Delivery Mobile Application Market: Geographical Evaluation
On a regional outlook, Asia Pacific is envisaged to secure dominance in the worldwide market for food delivery mobile application during the forecast period. The swelling adoption of technology on account of increasing initiatives to strengthen the entire food delivery ecosystem is boosting the growth of Asia Pacific food delivery mobile application market. Initiatives undertaken by technology providers to ensure competence and effectiveness of mobile apps is aiding this regional market to secure a leading position.
The report also offers an analysis of other key regions in the global food delivery mobile application market, viz. North America and Europe.
Global Food Delivery Mobile Application Market: Companies Mentioned
Prominent participants in the global food delivery mobile application market include IBM Corporation, Cognizant, Google Inc., Zoho Corporation Pvt. Ltd., SAP SE, Apple Inc., Mendix CA Inc., Red Hat Inc., and Microsoft Corporation. Included in the report are critical insights about the business landscape and competition that prevails in this market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.