Report Description:
Food Delivery Mobile Application is a novel platform for the restaurants, franchisees, and other food-selling proprietors to offer a convenient way of providing consumers with a wide range of options through a single online mobile portal. The business of delivering restaurant meals at the consumers place has improvised from telephone-based ordering system to takeout counters, and now websites and mobile applications. The food delivery mobile application offers access to single or multiple restaurants through a single online portal, where the consumers can compare menus, prices, offers, and reviews given by experienced consumers.
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The global food delivery mobile application market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Rise in alliances and collaborations among restaurant owners and application developers and increase in investments for digitization offer significant growth potential for the global market. However, lack of high speed Internet connectivity in the developing and the underdeveloped countries and uncertainty of enterprises to develop their own mobile applications hamper the market growth.
The global food delivery mobile application market is segmented based on deployment platform, end users, and geography. Based on deployment platform, the market is segmented into Android, iOS, and others (Windows and BlackBerry 10). Based on end user, the market is fragmented into food delivery market place and restaurants & others. The global food delivery mobile application market is further studied across four regions-North America, Europe, Asia-Pacific, and LAMEA.
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The global market for food delivery mobile application industry was valued at $3,120 million in 2016, and is estimated to grow at a CAGR of 27.9% to reach $16,605 million by 2023. The global food delivery mobile application market is expected to witness a high growth rate, increase in usage of smartphones, easy availability of open-source deployment platforms, technological advancements in the designs of operating systems of the smartphones, and implementation of asset-light business models during the forecast period.
Asia-Pacific is expected to be the fastest-growing segment in the near future, with the highest CAGR. Industry participants have realized the importance of strengthening the overall food delivery mobile application market to ensure competence and effectiveness of the mobile apps. The Asian region, with countries such as China, India, Japan, and Australia is an emerging market for food delivery mobile applications. However, the LAMEA region slowly adopts food delivery mobile applications across end users such as food delivery market place and restaurants. With provision of right ICT infrastructure and high speed Internet connectivity, the LAMEA region is expected to be an opportunity area for market investment in the coming years.
Key players profiled in the report are Apple Inc., CA, Inc., Cognizant, Google Inc., IBM Corporation, Mendix, Microsoft Corporation, Red Hat, Inc., SAP SE, and Zoho Corporation Pvt. Ltd. The report discusses the key strategies adopted by the companies in addition to the current trends, upcoming opportunities, and restraints in the market growth, with detailed information about their impacts.
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High Internet penetration
High Internet penetration, especially, in the developing countries such as Brazil, India, China, and others, majorly drives the food delivery mobile application market growth. In recent years, individuals have adopted Internet as a prime medium of communication through various devices such as smartphones, tablets, and laptops. Internet allows easy access to the restaurants or franchises with minimum effort and cost.
Growth in use of smartphones
Smartphones is one of the highly-appreciated medium of communication, on which food delivery mobile applications are launched in the market by the key vendors. It gives users a platform to install the application and use it to get food delivery services from nearby restaurants, hotels, or franchises.
Rise in standards of living in developing countries
Changes in lifestyle has increased the internet dependability for people in several developing economies including China, India, South-Korea, and many others; which in turn is anticipated to fuel the market growth.
Food Delivery Mobile Application Market Key Segments
By Deployment Platform
- Android
- iOS
- Others
By End User
- Food Delivery Market Place
- Restaurants and Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players Profiled in the Report
- Apple Inc.
- CA, Inc.
- Cognizant
- Google Inc.
- IBM Corporation
- Mendix
- Microsoft Corporation
- Red Hat, Inc.
- SAP SE
- Zoho Corporation Pvt. Ltd.
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