Daily Newsletter

21 October 2024

Daily Newsletter

21 October 2024

ICT Solutions in the Foodservice Sector

Per GlobalData, the global foodservice sector ICT market was valued at US$ 80.97 billion in 2023 and will grow at a CAGR of 8.30% to reach US$ 120.63 billion by 2028. In terms of IT solutions end-use segments, cloud computing was the leading segment with a market share of 15.0%, followed by the Internet of Things (IoT). However, artificial intelligence is expected to be the fastest-growing segment.

ICT Solutions in the Foodservice Sector

Per GlobalData, the global foodservice sector ICT market was valued at US$ 80.97 billion in 2023 and will grow at a CAGR of 8.30% to reach US$ 120.63 billion by 2028. In terms of IT solutions end-use segments, cloud computing was the leading segment with a market share of 15.0%, followed by the Internet of Things (IoT). However, artificial intelligence is expected to be the fastest-growing segment.

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