The Digital Dining Boom: Market Insights into Online Food Delivery
The global online food delivery market size is expected to reach USD 505.50 billion by 2030, expanding at a CAGR of 10.3% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. Smartphones allow users to easily browse a list of restaurants and place orders with their chosen restaurants. Improved connectivity and smartphone access are expected to enable market players to expand their presence in untapped markets, thereby increasing their customer base. Online food ordering through mobile applications allows users to connect with restaurants and provide relevant feedback essential to enhancing the food and delivery quality. The soaring rate of smartphone adoption is driving new users to adopt online food ordering services, thereby contributing to market growth. The growth can be attributed to the increasing number of restaurants worldwide along with the widening usage of cloud-based technology and growing acceptance of Quick Ser...