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Global Cloud Kitchen POS market jump up!

Going to a restaurant, booking a table, waiting for the waiter to give the order, waiting for your order wow lot of processes where your hunger dies by the time your order comes on your table. That's where online food marketing came into the picture. We can enjoy our favorite food from our favorite restaurant simply from anywhere at our comfortable home. This in-demand online food trend is called Cloud kitchen. Today the KYM GLOBAL is here to give you a detailed research paper on the Global cloud kitchen POS market. In this article, let's see what is cloud kitchen means? Where do we use POS? What are the growth factors of the POS market? Covid impact etc.

Cloud kitchen: The flying restaurant

So what really a Cloud kitchen is? The Cloud Kitchen is also called a Virtual kitchen or Ghost kitchen. The cloud kitchen market trend is a simple concept of making and delivering food to customers. In this, no physical property of the restaurant is not necessary to the customers. And it is not needed by the seller also to satisfy the customers. Some physical restaurants also follow the cloud kitchen concepts to generate more revenues by this method.

Why Cloud Kitchen: The advantages

Reduction in cost

Cloud kitchen cut-offs a lot of expenses. Cloud kitchen doesn't need any big physical property. So The initiation cost is overly less where you can start from a small space. Serving staff, managers these employee costs are reduced.

More reach

You can deliver your products to more distance. It will increase the brand value and can produce more revenue.

Easy to upgrade

Due to lesser costs, the up-gradation of the menu, trying new experimental methods is easy.

The Point of sale

Point of sale, also known as POS. Whenever you pay a bill using a card or software, you do POS. POS is the time/point where the bill or pay transaction ends. This POS is known as the Global POS market. In the POS, there are two types one is the POS terminal market and, another one is the POS software market. POS terminal consists of an electrical device to make payments

using cards. POS software is about doing transactions from anywhere by using payment software to the seller. POS terminal does not play a role in the Global Cloud Kitchen POS market, Where a physical transaction method is needed.

Cloud Kitchen POS market: The ease to manage

Cloud Kitchen service and POS payment method are combinedly called Cloud kitchen POS. The total revenue; sales are generated by this system is known as the global Cloud Kitchen POS market.

In Cloud Kitchen POS, the customer first selects the required product from the website or application software by using his device. The POS software can consist of one or more restaurant products. After choosing the product, the software directs the user to a payment method where the user selects a convenient payment method from given payment methods. After these easy 3steps, the customer gets his delivery to home within the specified time. The POS software plays a crucial role in this whole process by recording all data. POS manages the transactions, products, etc.

Benefits of POS

Easy order management:

This software makes taking orders easy for the seller. The software records ordered items, including the customer details like name, address, etc. This software records the customer's order data and provides their favorite menu/dish again when he visits the site or app. It is simply like the restaurant waiter recognizing their regular customers. It will help the customer to place an order and create a user-friendly environment.

Time management:

The software provides data about the minimal time required to deliver the food item to the customer by taking all the factors like minimal distance, orders flow, time to pack the food, etc. It saves the time of the customer and seller also.

More options to select:

The user can get no of options to order and to select from no of restaurants that are available in his local area. The user can choose their favorite brand restaurants, favorite food from famous places, etc. No of dishes and restaurants on fingertips.

Live statics:

From food preparation to the delivery to the customer, every information is on hand to the customer and manager. Live timing, Live location tracking, Delivery details like delivery person

details, and delivery route provided by the POS software. It maintains assurance and safety for the customer.

Managing sales:

Taking orders, Tracking orders, Managing staff these all things that are a lot of headaches to the manager. Where managing the sales data is another side of the coin. Tracking the sales and maintaining data of sales like things are cared for by this software. This software can manage all the restaurant branches in the world with ease.

Easy to manage:

The most important feature is you can track all this data from anywhere on the earth. It makes management very easy.

Effective customer care services:

Apart from the platform, this software also can different types of customers services to solve the issues to create more user convenience.

Top cloud kitchen POS companies

· Grubtech

· Toast, Inc

· ORDERLORD Inc.

· Truffle Inc.

· Loyverse Inc.

· Revel Systems

· Shopify POS

· Square

· TouchBistro

Cloud kitchen POS market trend

As per the research on the cloud kitchen POS market by the KYM GLOBAL, The value of the Global cloud kitchen POS market was 1.5billion dollars in 2020. This POS market can achieve the mark of 6 billion dollars by 2028, with a solid CAGR of 19.6%. In 2020 more than 56% of restaurants integrated with online food delivery services, which shows the strong uptrend in this POS market.

Cloud kitchen POS platform contributed to the Global pos market with 73.7% market share and remaining 26.3% provided by the services.

Asia-pacific, North America, Europe are the foremost revenue regions to market by 90% revenue generation. China ranks the top in revenue generation from food delivery apps, followed by the USA.

So many acquisitions and mergers occurred in this market recently. 2021 also ended with very strong revenue numbers than the past two years.

Covid impact

Covid impact on the food sector is very extreme. All the hotels, restaurants, cafes are closed for so many days due to covid pandemic lockdown restrictions. It affected the revenues of all food sector markets severely. This situation made the necessity of integrating with online food delivery, which is also the main reason for the uptrend in the cloud kitchen POS market in 2020. Lockdown restrictions are the main threat to this market.

Growth factors

· The increase in the integration of restaurants with online delivery services will increase the POS market.

· The increasing usage of the internet will be a good opportunity to cloud kitchens and the POS market to increase their revenues.

· The integration of new AI technology can drive more users in the future.

· The increased population in large cities, where more food delivery options are available, can provide more opportunities.

Conclusion:

The food sector always has its demand in society. This demand is increasing day by day. Adding new services and technologies for better user convenience and experience can always upgrade this market revenue. This Cloud Kitchen POS has better scope in the future based on rising demand for this market,

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GLOBAL AUTOMATED GUIDED VEHICLE MARKETMARKET ANALYSIS & SEGMENT FORECAST FROM 2021 TO 2028

📷 MARKET ANALYSIS & SEGMENT FORECAST FROM 2021 TO 2028 GLOBAL AUTOMATED GUIDED VEHICLE MARKET By Vehicle Type: Tow Vehicles, Unit Load Carriers, Pallet Trucks Assembly Line Vehicles, Forklift Vehicles, and Others, By Navigation Technology: Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, and Others, By Industry: Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals, Healthcare, 3PL, Semiconductors & Electronics, Aviation, E-commerce, and Other, By Applications: Warehouse & Logistics, Assembly, Packaging, Trailor Loading & Unloading, Raw Material Handling, and Others, By Battery Type: Lead Battery, Lithium-ion Battery, Nickel-based Battery, By Region: North America, Europe, Asia-Pacific, South America, and ME&A And Segment Forecasts, 2021 - 2028 Published Date: TBD Base Year for Estimate: 2020 Report ID: KYMGLATL01 Format: Electronic (PDF) Number of Pages: TBD Price: USD 5000 CUSTOMIZATION REQUIREMENT REQUEST TOC REPORT DEMO INQUIRE BEFORE BUYING SPEAK TO ANALYST Market Outlook Market Size & Forecast (2021-2028) Segment Analysis (2021-2028) Market Drivers & Restraints COVID-19 Impact Analysis Competitive Landscape & Company Profiles KOL Commentary (Primary Research) Session With Analyst

REPORT SUMMARY TABLE OF CONTENT METHODOLOGY REQUEST FREE SAMPLE REPORT BUY REPORT A portable robot called an automated guided vehicle (AGV) navigates by following lengthy lines or cables on the floor, or by using radio waves, vision cameras, magnets, or lasers. They are most typically used in industrial settings to transport heavy products throughout a large industrial building, such as a warehouse or factory.Automated Guided vehicles are commonly employed in material handling systems, flexible production systems, and container handling applications to transfer material from one position of the factory floor to another without the need for an accompanying human. With the advancement of technology, more complex equipment is now accessible, reducing machines and internal setup time significantly. Along with speedy production, the goal of production planning is to ensure effective material transfer between workstations and in and out of storage. To execute an effective routing of material with random handling capacity, flexible material handling systems are necessary. The use of AGVs enables flexibility because the flow channel may be easily picked from a variety of alternate channels or changed to accommodate additional sites.Market Growth Factors:Reduction in Direct Labor Costs: AGV’s help to save money on labor in a variety of ways. For example, when a corporation replaces a human worker with an AGV, it pays a single investment cost for the equipment, rather than the continuous costs of a new hire including salary and other benefits such as healthcare. Automated Guided Vehicles aid in the prevention of labor shortages: Under software control, unit loads of inventory are loaded onto a conveyor for direct delivery to numerous destinations. The load is automatically stored and retrieved using an automated storage and retrieval mechanism. Loads are transported to pick-up stations or fed into high-speed sortation systems by automated guided trucks. There isn't a single break along the way. Hence, the labor shortage can be prevented. Automation increases Traceability and Inventory accuracy: AGVs interact with the environment in real-time, relaying the vehicle's location to dispatching systems, considerably improving the productivity of manufacturing lines and warehouses. To merge logistics and manufacturing processes and improve operational efficiency, AGV Technology can be categorized with Factory Manufacturing Execution Systems, Warehouse Management Systems, Enterprise Resource Planning, and other systems. AGVs Permit Layout Freedom: The concept is brought to increase the usage of AGVs, instead of traditional physical structures such as floor chains, moving mats, conveyors, overhead cranes, etc., which all require significant civil work to build. This is crucial, not just for traffic feasibility, but also for safety, as fixed conveyors act as a physical barrier, blocking and restricting escape routes. The working space stays open and free for humans and forklifts because the AGVs are not attached. Improvements in Workplace Health and Ergonomics: AGVs can operate in environments where humans are either unable to function or do not work optimally, such as high heat or cold, or around hazardous materials such as chemical facilities or nuclear power plants. Market Drivers and restraints:Drivers:Demand for automation in material handling procedures is increasing across sectors: The demand for automation is growing in the automotive, healthcare, e-commerce, and food and beverage industries due to the overall requirement for high efficiency. AGVs provide for just-in-time raw material delivery, computerized management of received completed parts, and tracking of dispatched items. AGV-enabled industrial facility automation can help satisfy material handling capacity requirements while also lowering production time, minimizing the risk of human mistakes, improving safety, ensuring high production volumes, and increasing precision and repeatability. AGVs in the healthcare industry: AGVs are capable of carrying weights weighing in the

thousands of pounds. They can also transport large machinery required in advanced healthcare from one location to another, in addition to linen, trash, food, and medicine. X-ray machines must frequently be moved from room to room and then to the operating room according to the patient's needs. Although this may appear to be a daunting task for humans, it can be completed in no time with the assistance of AGVs. Hospitals and laboratories generate hazardous waste regularly. It is a critical yet challenging task to transport this material from the collection place to the safe disposal area. Even when wearing safety equipment, the individuals doing this are always at risk. AGVs can be quite useful in the disposal of hazardous garbage. Restraints:Costs of installation, maintenance, and switching are all high: AGVs demand a significant amount of capital to install and set up. The expensive cost of high-end AGVs may deter manufacturers from using them. Because small businesses cannot afford automated systems, they must rely on traditional/manual forklift trucks. The expense of maintaining AGVs, which varies depending on their age, type, location, number of shifts each day, and condition, is also a stumbling block to the market's expansion. Because these vehicles are programmed and require navigation and communication systems to connect with other material handling equipment, the expenses involved with the total setup of AGV systems are significant. Maintenance costs are considerable for AGVs used in the manufacturing, chemical, and construction industries. Moreover, due to high capital costs and a long return period, organizations find it difficult to invest in automation solutions. Market Developments:Industry 4.0 with robotics integration: By combining Industry 4.0 with automation technologies, traditional industrial facilities are gradually developing into smart, networked, and highly efficient automated facilities. Industry 4.0 can transform a manufacturing facility into a self-contained operation. It is a single automated unit that combines computers and industrial automation technologies with the help of robotics. The rise of Industry 4.0 is changing the way warehouses operate. Industry 4.0 also aims to create a productive working environment in which humans and robots can collaborate effectively. Smart architecture is created by a network of linked devices that can make decentralized judgments. Artificial Intelligence (AI): Machine learning, deep learning, and computer vision are examples of artificial intelligence technologies that are used in robotic automation in the automotive sector. These help self-driving cars navigate, manage fleets, and aid drivers in improving safety while also improving services such as vehicle inspection and insurance. AI also has uses in the automotive industry, where it helps save costs by speeding up production. Region-wise developments:The increasing demand for material handling equipment by the manufacturing industry's incumbents is driving the European region’s market growth. E&K Automation GmbH, a robotics business based in Germany, has created FAST MOVE, an autonomous ultra-flat transport robot that will aid in the growth of industry 4.0 and industrial automation in the region. The Asia Pacific e-commerce industry has been rapidly expanding in Asia's emerging economies, such as China and India. As a result of the e-commerce boom, some e-commerce companies are considering expanding into these regional markets. Competition in the e-commerce business has increased, and industry incumbents are attempting to differentiate themselves by reducing the time it takes to deliver products to end-users.The report covers the following major segments of the market:By Vehicle Type: Tow Vehicles, Unit Load Carriers, Pallet Trucks Assembly Line Vehicles, Forklift Vehicles, and Others. By Navigation Technology: Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, and Others. By Industry: Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals,

Healthcare, 3PL, Semiconductors & Electronics, Aviation, E-commerce, and Others By Applications: Warehouse & Logistics, Assembly, Packaging, Trailor Loading & Unloading, Raw Material Handling, and Others By Battery Type: Lead Battery, Lithium-ion Battery, Nickel-based Battery By Region: North America, Europe, Asia-Pacific, South America, and ME&A

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