Global Restaurant Management Software Market is expected to foresee significant growth. North America to lead the growth!
- Himanshu Patni
- November 21, 2022
- TELECOM & IT
- Restaurant Management Software Market, Restaurant Management Software Market Growth, Restaurant Management Software Market Share, Restaurant Management Software Market Size, Restaurant Management Software Market Trends
- 0 Comments
Restaurant management software helps restaurant owners and managers to run a restaurant end to end. In addition, these tools are used by restaurant employees to keep track of inventory, payroll, orders, and analytics. Thus, the rise in the number of these solutions in major cities across the world is favoring the adoption of restaurant management software.
The Restaurant Management Software Market is expected to grow at a steady rate of around 16% during the forecast period (2022-2028) owing to the increasing adoption of POS systems offers restaurants the chance to streamline operations and increase customer demand. For instance, in January 2021, NCR Corporation is looking to acquire Cardtronics. The acquisition of Cardtronics will accelerate and expand the NCR-as-a-service strategy. In addition, Cardtronics is now a part of NCR, a leading enterprise technology provider that runs stores, restaurants, and self-directed banking. Moreover, these solutions increase efficiency by shortening the invoicing process, keeping track of order completion times, and preventing order mistakes during busy periods.
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Based on software, the restaurant management software market is segmented into front-end software, accounting & cash flow, purchasing & inventory management, table & delivery management, employee payroll & scheduling, and others. Front-end software category to witness significant CAGR during the forecast period. These software programs are essential restaurant tools that are integrated with POS systems and aid in processing payments and organizing orders.
On the basis of deployment, the market is categorized into the cloud and on-premises. Among these, the on-premise to hold a significant share in the market in 2020. The enterprise’s data is stored locally on-premises, and the company has full control over data and its security. Moreover, if network problems occur and the connection to the internet is interrupted, the employees can still access the data with on-premises solutions.
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For a better understanding of the market adoption of the restaurant management software industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. The growth of the market in the region over the forecast period can be credited to digitalization and smart technology developments such as automated point-of-sale systems, wireless payment getaways, and virtual reservation systems in the sub-continent. For instance, in September 2020, Diebold Nixdorf partnered with Co-op Group to include managed services and remote monitoring of self-service and POS systems throughout the UK. This comprehensive offering optimizes members’ shopping journeys by speeding up consumer checkout and enhances the company’s operational efficiency.
Some of the major players operating in the market include Clover Network, LLC, Personica (Fishbowl Inc.), HotSchedules (Fourth Enterprises LLC.), Jolt, NCR Corporation, OpenTable, Inc., Oracle Corporation, Revel Systems, Square Capital, LLC, TouchBistro.
Global Restaurant Management Software Market Segmentation
Market Insight, by Software
• Front-end Software
• Accounting & Cash Flow
• Purchasing & Inventory Management
• Table & Delivery Management
• Employee Payroll & Scheduling
Market Insight, by Deployment
Market Insight, by End User
• Full-service Restaurant (FSR)
• Quick Service Restaurant (QSR)
Market Insight, by Region
- North America
- The United States
- Rest of North America
- The United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Clover Network, LLC
- Personica (Fishbowl Inc.)
- HotSchedules (Fourth Enterprises LLC.)
- NCR Corporation
- OpenTable, Inc.
- Oracle Corporation
- Revel Systems
- Square Capital, LLC