Home Digital Cafes On The Rise

Digital Cafes On The Rise

Press Release: December 12, 2018

The global bars and cafes market, one of the leading segments in the food and beverages services industry, grew at a compound annual growth rate (CAGR) of around 6% during the historic period. The growth is mainly due to the demographic shifts in emerging markets such as India and China, increasing tourism and rapid globalization.

In the forecast period, the global bars and cafes market size is expected to be over $690 billion by 2021, growing at a CAGR of nearly 5%. The growth in the forecast period is less when compared to the historic period. This is mainly due to rising costs, decreasing margins and growing awareness for healthy options.

Find TBRC’s report on the bars and cafes market: https://www.thebusinessresearchcompany.com/report/bars-and-cafes-services-market-global-briefing-2018

Major beverage serving companies are adopting advanced technologies to deliver customized, convenient, fast and adaptable services. Cafes around the world are investing in WiFi-enabled coffee makers that can brew coffee according to the consumers specific individual taste. For instance, Selfiii International, a Malaysian company, developed a printer which can print selfies of customers onto their coffee, enhancing the coffee experience more personal, thereby increasing sales. Bars, taverns and nightclubs are also increasingly offering technology-driven solutions and services. These establishments are using innovative techniques in the way customers order and pay for food and drinks. These techniques include introduction of self-ordering touchscreen kiosks, mobile apps for customizable orders and quick payment and digital entertainment.

Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=290&type=smp

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information.

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: [email protected]

Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company

Notes to editors

For more information, please contact:

Visit the newsroom of: srikanthgtbrc