Digital Food Management Solutions Market size to grow by USD 2.99 billion from 2022 to 2027, Driven by growing demand for food safety and traceability- Technavio
NEW YORK, Oct. 3, 2023 /PRNewswire/ -- The "digital food management solutions market size by application (food safety, marketing, and others), end-user (restaurants, convenience stores, institutional kitchens, catering, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the digital food management solutions market from 2022 to 2027 is USD 2.99 billion, according to Technavio. The growing demand for food safety and traceability is a key factor driving market growth. This growth is driven by factors such as increased foodborne illness, consumer demand for transparency in the food supply chain, and the implementation of stricter regulations by government agencies. The demand is being fueled by a growing incidence of food-borne illnesses. In addition, over the years there have been several food-borne illness outbreaks that resulted in serious health consequences for consumers. As a result, concerns related to the safety of the food chain have a positive effect on the market, more attention is being paid to applying measures to guarantee product safety. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
High maintenance costs of digital systems are significant challenges restricting market growth. One of the main factors contributing to high maintenance costs is rapid technological progress and innovation in digital technology. In addition, as new features and capabilities are introduced to keep pace with competition, it is often necessary for businesses to upgrade their digital systems. However, these improvements are at a price as regards financing requirements and the means required to implement this degradation. Therefore, businesses that do not have sufficient funds to invest in digital solutions that are negatively affecting the market will find it difficult to improve them. Hence, these factors are expected to restrict market growth during the forecast period.
Learn about additional key drivers, trends, and challenges available with Technavio. Read a Free Sample PDF Report Now
The digital food management solutions market is segmented by application (food safety, marketing, and others), end-user (restaurants, convenience stores, institutional kitchens, catering, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the Digital Food Management Solutions Market:
365 RM UK Ltd., Agilysys Inc., Apicbase NV, Booking Holdings Inc., Chetu Inc., FlexiBake Ltd., iNECTA LLC, JAMIX Oy, jiWebTech Technologies LLP, Kellton Tech Solutions Ltd., Kitchen Brains, Omega Softwares, Oracle Corp., Roper Technologies Inc., SmartSuite Holdings LLC, SweetWARE, Toast Inc., TouchBistro Inc., Vision Software Technologies Inc., and Zoho Corp. Pvt. Ltd.
The identity (ID) verification market size is estimated to grow at a CAGR of 16.18% between 2022 and 2027. The market size is forecast to increase by USD 10,813.97 million.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/digital-food-management-solutions-market-size-to-grow-by-usd-2-99-billion-from-2022-to-2027--driven-by-growing-demand-for-food-safety-and-traceability--technavio-301944039.html
Registration Counters Open
Keynote Presentation by Cisco: How Hybrid Models are Successfully Transforming the Work and Customer Experience
UCaaS and MSPs: Driving Collaboration, Productivity, and Customer Experience