As the world progressed from mandatory homemade snacks to big label eateries, a silent revolution was brewing in bringing the food to the general population, rather than the other way around. Though eateries and takeaways still dominate the market, but food delivery apps have recorded an almost exponential growth trajectory, which might surpass the volume generated by eateries and takeaways combined. So much so that big label food chains have incorporated the online food delivery facilities to draw in more revenue than rely on physical stores and takeaways alone.
How Food Delivery Business Evolved into a Behemoth:
The revolution started with small food carts on wheels which brought the sought after snacks to the customers, instead of having them venture outside their houses in the meanest weather. Once these gained steam, food delivery became an integral part of eateries, and combined them with the global digital revolution to form food delivery software as we know them today.
The food delivery business has incorporated a whole lot of technology into these application based model, in which efficient internet connectivity, smart phone penetration, efficient methods of real time monetary transactions play a dominant role in how businesses are conducted.
From the perspective of individual users, the apps help to set a personal preference, displays all listed eateries within a given locality, provides real time information regarding availability of a certain dish/cuisine, real time tracking of delivery in progress and much more. On the other side of the pole, from the perspective of the owner of a business, it provides a bigger market penetration, promotes the brand in a big way with a considerably less investment, and the market share as compared to competitors.
Digital growth, door to door delivery services and digital payment systems are predicted to dominate the business landscape of the restaurant business. While the numbers of people going out for their meals are also expected to increase by a considerable margin, the overall growth and market penetration is widely believed to be led by the food delivery software. As recent trend suggests, more and more people are reluctant to venture outside their comfort zone and instead demand to have the services at their fingertips and doorsteps, the food delivery business posts a bright future for all stakeholders. While the services gets more efficient, and people receive faster and better services, the return on investment too will increase on a grand scale.