Food Delivery Mobile Application Overview:
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.
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.
Global Food Delivery Mobile Application Market Segmentation
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.
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.
Top Impacting Factors
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.
Lack of high speed connectivity in the developing and underdeveloped regions
High Internet penetration drives the demand in the global food delivery mobile application market; however, the low speed of connectivity affects the market growth especially in the developing and underdeveloped countries.
Uncertainty of enterprises in developing their own applications
Various local restaurant owners or franchisees are reluctant to invest in developing their own application due to increase in cost and growth in uncertainty about the results. Furthermore, such enterprises prefer to invest in alliances or collaborations to offer a collective platform, which reduces their costs of development and maintenance.
Growth in investment on digitalization
The proliferation of digital technologies over the past few decades has been substantial and will continue to experience high growth in the near future. The surge in ICT, rise in usage of personal computers, laptops, mobile phones, and other devices, increase in broadband subscriptions worldwide, and adequate infrastructure development fuels the growth in digitization.
Growth in alliances and collaborations of various restaurants with the application developers
A restaurant or a franchise of a food product is hesitant to launch a mobile application by itself as it incurs additional costs for development, installation, maintenance, and marketing of the applications.
- In-depth analysis of the global food delivery mobile application market along with its dynamics is provided in the report to understand the market scenario.
- Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
- Porters Five Forces analysis examines the competitive structure of the food delivery mobile application market and provides a clear understanding of the factors that influence the market entry and expansion.
- A detailed analysis of the geographical segments enables identification of profitable segments for market players.
- Comprehensive analysis of the trends, sub-segments, and key revenue pockets is provided in the report.
- Detailed analysis of the key players and their business strategies are anticipated to assist stakeholders to take informed business decisions.
- Profile analysis of the leading players that operate in the food delivery mobile application market are provided in the report, which highlight the major developmental strategies such as mergers & acquisitions, expansions, and new product launches adopted by these companies.
Food Delivery Mobile Application Market Key Segments
By Deployment Platform
By End User
- Food Delivery Market Place
- Restaurants and Others
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Players Profiled in the Report
- Apple Inc.
- CA, Inc.
- Google Inc.
- IBM Corporation
- Microsoft Corporation
- Red Hat, Inc.
- SAP SE
- Zoho Corporation Pvt. Ltd.