Restaurant Management SoftwareMarket Analysis, Trends, Insights, Size and Forecast to 2025
Global Restaurant Management Software Market valued approximately USD 14.3 billion in 2016 is anticipated to grow with a healthy growth rate of more than 14.89% over the forecast. The Global Restaurant Management Software market is anticipated to witness considerable growth in the coming years. Restauranteurs nowadays are heavily relying on POS software for tracking sales, payment processing, and inventory management. They are deploying customer interacting software that allows guests to order and pay at the table and data analytics solutions to facilitate business decisions. Growing transformation in the restaurant technology is expected to be one of the key trends escalating market growth.
The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Software Type:
o Front end software
o Accounting & cash flow software
o Purchasing & inventory management software
o Table & delivery management software
o Employee payroll & scheduling software
By Deployment Mode:
o On Premise
o On Cloud
By End User:
o FSR (Full service Restaurant)
o QSR (Quick Service Restaurant)
o Institutional
By Regions:
o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o Asia Pacific
o China
o India
o Japan
o Latin America
o Brazil
o Mexico
o Rest of the World
Some of the key manufacturers involved in the market are:
HotSchedules, Jolt, NCR Corporation, OpenTable, Inc., Oracle Corporation, Revel Systems Inc., ShopKeep, Square Inc., Touch Bistro & Fishbowl Inc. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.