The global intelligent kitchen display system market size was USD XX million in 2021 and is expected to register a steady revenue CAGR of XX% during the forecast period. Key factors such as rising number of small restaurants worldwide, growing online food delivery businesses, and rapid adoption of automation in hospitality sector are expected to drive global market revenue growth during the forecast period.
A display system is one of the must-haves in any restaurant, hotel, bar, or nightclub. It is an essential, intelligent digital screen system that helps in managing orders for the hospitality industry. The intelligent kitchen display system replaces paper order tickets and helps in organizing, prioritizing, changing, and tracking orders. It streamlines order management for food service businesses and optimizes the way a kitchen operates by controlling the way food is routed and providing a real-time view of the kitchen thereby acquiring more accurate orders, detailed analytics, and faster services.
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However, high cost of intelligent kitchen display systems, insufficient funds to deploy kitchen display systems with advanced features in many underdeveloped nations, and rising concerns about technical deformities are key restraints expected to hamper global market growth.
Intelligent Kitchen Display System Industry Recent Developments:
In December 2021, Qu, an US based restaurant transformation company announced the launch of a novel kitchen display system to enhance order fulfilment speeds and efficiencies for enterprise restaurants.
Multi-station Segment To Register Rapid Revenue CAGR:
The multi-station segment is expected to register rapid revenue CAGR over the forecast period. This can be attributed to rising number of hotels, restaurants, bar & night clubs and fast food joints across the globe, increasing demand for multi-station KDS for managing multiple orders at the same time, and rising availability of advanced multi-station kitchen display systems.
Quick Service Restaurants Segment to Account for Largest Revenue Share:
The quick service restaurants segment is expected to account for largest revenue share during the forecast period owing to growing consumption of fast food and beverages, rising number of quick service restaurants, and rapid adoption of intelligent kitchen display systems for efficient order and delivery management.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in terms of revenue share over the forecast period owing to rapidly expanding hospitality industry, increasing adoption of advanced intelligent kitchen display systems, growing demand for faster order processing and lower wait time for customers, and increasing investments for developing more enhanced kitchen display products.
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Intelligent Kitchen Display System Market By Company:
QSR Automations
Oracle
Lightspeed POS
Square
Epson
Toast
TouchBistro
Loyverse
HashMicro
Advantech
Brink Kitchen
Sintel Systems
Bematech
VAR Insights
Rezku
PAR Technology
IMin
Zhundong Network
The global intelligent kitchen display system market has been segmented based on type, application, and region:
Intelligent Kitchen Display System Market Segment by Type:
Single Station
Multi-station
Intelligent Kitchen Display System Market Segment by Application:
Full Service Restaurants
Quick Service Restaurants
Bar & Night Club
Others
Intelligent Kitchen Display System Market Segment by Region:
North America (USA, Canada)
Europe (Germany, France, UK, Italy, Russia, Nordic Countries)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, Australia, Rest of Asia)
Latin America (Brazil, Rest of Latin America)
Middle East & Africa (Turkey, Saudi Arabia, U.A.E, Rest of MEA)
Key Reasons to Purchase:
Estimates 2022 to 2028 intelligent kitchen display system market current market trends and development trends
Market dynamics along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the intelligent kitchen display system market
Competitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five years
Comprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market players
Brief about impact of COVID-19 on the global intelligent kitchen display system market
Key Questions Addressed:
What revenue CAGR is the global market expected to register during the forecast period?
Which key players are leading in the global Intelligent Kitchen Display System market?
What is the expected market size of the global Intelligent Kitchen Display System market between 2022 and 2028?
What factors are expected to open new growth avenues and opportunities for existing and emerging market players?
What are some of the key challenges that the global market is expected to face during the forecast period?
Which region is expected to account for largest revenue share over the forecast period?
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