Restaurant Management Software Market to Witness 16% Growth (2022-2028) | Due to Increasing Acceptance Of New Restaurant Service Technologies And Demand For Quick Service Restaurant Services

NOIDA, India, November 21, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights, the Restaurant Management Software The market is expected to be valued at 15 Bn in 2028 with a CAGR of approximately 16% from 2022-2028. The analysis was segmented into Software (Front-End Software, Accounting & Cash Flow, Purchasing & Inventory Management, Table & Delivery Management, Employee Payroll & Scheduling, Other); Deployment (Cloud, On-Premise); End User (Full Service Restaurant (FSR), Quick Service Restaurant (QSR), Institutional, Other); Region/Country.

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The restaurant management software market report has been aggregated by gathering informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of various analyzes to gain a closer insight into the Restaurant Management Software market. The Restaurant Management Software market report offers a detailed analysis of the latest industry developments and the market trending factors that are influencing the growth of the market. In addition, this statistical repository of market research examines and estimates the Restaurant Management Software market at the global and regional levels.

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Market overview

Restaurant management software is designed to be an end-to-end software solution to help users run their restaurants. In addition, the growing acceptance of new restaurant service technologies and the demand for quick service restaurant services are driving the growth of the global restaurant management software market. – restaurants.

The Restaurant Management Software Market is expected to grow at a steady rate of around 16% due to the growing revolution in restaurant technology is estimated to drive the market. In addition, the growing use of technology for managing operations in the restaurant sector is driving the global restaurant management software market. More than two-thirds of restaurant owners were found to be adopting point-of-sale (POS) systems in a recent survey. In addition, it was discovered that 90% of these businesses used restaurant management software to keep track of their inventory. These days, coffee shops and bars automate their procedures using the same technologies.

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Some of the key 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.

Impact of COVID-19

The food and beverage industry has been shaken by the onset of COVID-19. As there have been temporary closures and fewer diners due to the COVID-19 pandemic, the restaurant industry has suffered. However, restaurants have survived the pandemic due to the use of Point of Sale (POS) technology, which offer contactless payment options. Due to the pandemic, many grocery stores and packaged food businesses have turned to online sales channels to meet customer demand. However, some norms have changed, such as the strong use of food delivery apps, the current popularity of contactless methods, and the use of restaurant management software.

The global restaurant management software market report is carefully studied with various aspects which would help the stakeholders to make their decisions more carefully.

  • Based on software, the market is segmented into front-end software, accounting and cash flow, purchasing and inventory management, table management and delivery, payroll and employee scheduling, and others. Front-end software category to witness a significant CAGR during the forecast period. This is mainly due to the growing adoption of POS software for uses such as food ordering, billing, payment processing, customer engagement, sales tracking, and order management reporting.

  • Based on the end user, the restaurant management software market has been classified into full service restaurants (FSR), quick service restaurants (QSR), institutional, and others. The full service restaurant (FSR) category should witness higher adoption of restaurant management software during the forecast period. Among these, the full-service restaurant (FSR) which will have a significant market share in 2020. In addition, FSRs have advanced technologies to improve turnaround times and reduce labor costs, through which they can offer better customer service according to customer demand.

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Geographical Segmentation of the Restaurant Management Software Market Includes:

  • North America (United States, Canadaand Remainder of North America)

  • Europe (Germany, The United Kingdom, Spain, Italy, Franceand the rest of Europe)

  • Asia Pacific (China, Japan, Indiaand the rest of Asia Pacific)

  • Rest of the World

North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to digitalization and advances in smart technology, such as automated point of sale systems, wireless payment methods, and virtual reservation systems in the subcontinent, which are to be blamed for the expansion of the market in the whole region. the projection period. In addition, restaurant management software is used by food service providers in the area for a variety of tasks, including menu and table management, employee scheduling , kitchen management, recipe management, etc. According to QSR Automation, approximately 72% of Americans eat at quick service restaurants.

The major players targeting the market include

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several major key players operating around the world. The specialized team of research analysts sheds light on various features such as global market competition, market share, latest industry advancements, innovative product launches, partnerships, mergers or acquisitions from leading companies in the field. Restaurant management software market. The key players have been analyzed using research methodologies to gain insightful views of the global competition.

Key questions resolved through this market research analytical report include:

  • What are the latest trends, new models, and technological advancements in the restaurant management software market?

  • What factors are influencing the restaurant management software market during the forecast period?

  • What are the global restaurant management software market challenges, threats and risks?

  • What factors are driving and restraining the restaurant management software market?

  • What are the demanding global regions of the restaurant management software market?

  • What will be the size of the global market in the coming years?

  • What are the crucial market acquisition strategies and policies applied by global companies?

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We understand the requirement of different businesses, regions and countries, we offer customized reports according to your requirements of business nature and geography. Please let us know if you have any custom needs.

About UnivDatos Market Insights (UMI)

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Restaurant Management System Market Coverage Report

Attribute Reporte

Details

Base year

2020

Forecast period

2022-2028

Growth momentum

Accelerate at a CAGR of 16%

Market size 2028

USD 15 billion

Regional analysis

North America, Europe, APAC, Rest of World

Major contributing region

North America to Dominate the Global Restaurant Management System Market

Major countries covered

United States, Canada, Germany, United Kingdom, Spain, Italy, France, China, Japan, India

Companies profiled

Clover Network, LLC, Personica (Fishbowl Inc.), HotSchedules (Fourth Enterprises LLC.), Jolt, NCR Corporation, OpenTable, Inc., Oracle Corporation, Revel Systems, Square Capital, LLC, TouchBistro.

Scope of the Report

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecasting; Segmentation Analysis; Impact of COVID-19; Demand and supply side analysis; CCompetitive landscape; Company Profile

Covered Segments

From Ssoftware; By Deployment; By the End User; By Region/Country

About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Personalized Business Research and Primary Research. Our research studies are spread over topics around the world, we cover markets in more than 100 countries using intelligent research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help design winning business strategies for our clients.

Contact

UnivDatos Market Insights
Ankita Gupta
Operations Director
Ph: +91-7838604911
Email: [email protected]
Website: https://univdatos.com/

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SOURCE UnivDatos Market Insights Pvt. Ltd.

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