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
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