NEW YORK, March 19, 2021 /PRNewswire/ — The cloud kitchen market is expected to grow by USD 1.18 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the cloud kitchen market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
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The cloud kitchen market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth increased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Consumer Discretionary:
Global Fast Casual Restaurants Market – Global fast casual restaurants market is segmented by type (North American, Italian, Mexican, and others) and Geography (North America, APAC, Europe, South America, and MEA).
Get an Exclusive Free Sample Report
Global Dining Out Market – Global dining out market is segmented by type (restaurants and drinking establishments) and geography (APAC, North America, Europe, South America, and MEA). Get an Exclusive Free Sample Report
Major Three Cloud Kitchen Market Participants:
Bundl Technologies Pvt. Ltd.
Bundl Technologies Pvt. Ltd. operates its business through the Unified segment. The company offers commercial kitchen for the purpose of preparing food for delivery only.
CloudKitchens operates its business through the Unified segment. The company offers commercial kitchen for the purpose of preparing food for delivery or takeout only.
Doordash Inc. operates its business through the Unified segment. The company offers commercial kitchen for the purpose of preparing food for delivery only.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/cloud-kitchen-market-industry-analysis
Cloud Kitchen Market 2020-2024: Segmentation
Cloud kitchen market is segmented as below:
- North America
- South America
The cloud kitchen market is driven by advantages of cloud kitchens over restaurants. In addition, other factors such as changing lifestyles and rise in demand home delivery food are expected to trigger the cloud kitchen market toward witnessing a CAGR of almost 19% during the forecast period.
Get more insights about the global trends impacting the future of the cloud kitchen market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45475
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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 17,000 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.
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