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Thematic Analysis
Internet of Things (IoT) in Foodservice – Thematic Research
The IoT in foodservice market size will be valued at $2.3 billion in 2020, growing at a CAGR of more than 6% during the forecast period. Whereas the CAGR for IoT markets across all other industries during the same period will be more than 10%, indicating IoT represents a lesser opportunity for foodservice than for other industries. IoT investment will not be as significant in the foodservice industry as in some other markets, but it will still deliver significant returns....
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Thematic Analysis
Artificial Intelligence (AI) in Foodservice – Thematic Research
The foodservice industry is beginning to realize the benefits AI can bring to the sector across the value chain. Investment, however, will primarily come from food aggregators, delivery companies, and large quick service restaurants (QSRs) that have both the financial capabilities and datasets necessary for success. As in many other industries, COVID-19 has accelerated innovation in foodservice, forcing businesses to get creative and transition more quickly. AI has many sector-specific use cases that can help tackle some of the sector's...
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Analyst Opinions
ForeSights: Fast-Food Robots
"ForeSights: Fast-Food Robots" explores the developing concept of automations, robots, and AI in the fast-food industry. The report also considers the various actors involved and the impact of the trend in the FMCG and wider foodservice sector. The conclusions reached are underpinned by GlobalData's unique blend of proprietary consumer insight and innovation knowledge. Automation, robotics, and AI developments in recent years is increasingly prevalent in the modern world as costs, such as imports, raw materials, wages, taxes, and business rates,...
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Analyst Opinions
Foodservice Insights & Trends – Technology
Technological change is set to have numerous effects on the foodservice industry, and new technologies can also help foodservice operators better target emerging consumer trends. This includes online delivery firms which cater to convenience-seeking consumers and on-site growing technologies which allow consumers to consume food made with ingredients they can see growing in front of them. The Foodservice Insights & Trends outlook report provides extensive insight and analysis of the effect of emerging technologies on the foodservice market during the...