Global Online On-Demand Food Delivery Services Market 2019-2023| 15% CAGR Projection over the Next Five Years| Technavio

LONDON--(BUSINESS WIRE)--Oct 15, 2019--

The online on-demand food delivery services market size is expected to post a CAGR over 15% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015005476/en/

Technavio has announced its latest market research report titled global online on-demand food delivery services market 2019-2023. (Graphic: Business Wire)

The growing consumer demand for convenient food ordering is one of the major reasons for the growth of the market. Consumers increasingly prefer to order food through online food delivery applications owing to the rapid global penetration of e-commerce and Internet-enabled devices. The shift from conventional on-premises dining to ordering online is also attributed to factors such as convenience, low costs, and the availability of a large variety of dishes online.

To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR32160

As per Technavio, the rising popularity of social media in online on-demand food delivery will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Online On-Demand Food Delivery Services Market: Rising Popularity of Social Media in Online On-Demand Food Delivery

Social media is increasingly being leveraged by vendors as a key channel for marketing and promotional activities. Established vendors in the market have an active social media presence through which they promote their online delivery services, food, and restaurants. Moreover, social media provides a key avenue for vendors to connect and engage directly with their customers. Thus, the rising popularity of social media is expected to boost the growth of the market during the forecast period.

“Apart from the rising popularity of social media, other factors such as the increasing emphasis on cybersecurity measures, and the growing prominence of technology and IoT devices will further boost market growth during the forecast period,” says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 10,000+ market research reports.

Technavio's SUBSCRIPTION platform

Online On-Demand Food Delivery Services Market: Segmentation Analysis

This market research report segments the online on-demand food delivery services market by business model (order-focused food delivery services, and logistics-focused food delivery services) and geographical regions (North America, APAC, Europe, MEA, and South America).

The APAC region led the market in 2018, followed by North America, Europe, MEA, and South America respectively. The growth of the online on-demand food delivery services market share in APAC can be attributed to several factors such as increased investments by vendors to improve the efficiency of logistics and rising consumer willingness to spend on food delivery services.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

ADVERTISEMENT

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 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.

If you are interested in more information, please contact our media team at [email protected].

View source version on businesswire.com:https://www.businesswire.com/news/home/20191015005476/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ONLINE RETAIL RETAIL FOOD/BEVERAGE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 10/15/2019 04:30 AM/DISC: 10/15/2019 04:30 AM

http://www.businesswire.com/news/home/20191015005476/en

ADVERTISEMENT
Bg pattern light

UPGRADE TO PREMIUM

Subscribe to Samoa Observer Online

Enjoy access to over a thousand articles per month, on any device as well as feature-length investigative articles.

Ready to signup?