The global restaurant management software market is projected
to reach USD 6.94 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 14.6% during the forecast period. The
market is likely to witness substantial growth over the forecast period.
Technology disruption in the restaurant industry and soaring need for
restaurant specific software such as billing and payment processing, inventory
management, table management, and menu management are among the key trends
stimulating market growth.
Moreover, growing awareness regarding importance of
data analytics solutions in providing valuable insights to improve day to day
operation is poised to provide an upthrust to the market. Adoption of cloud
systems is estimated to experience sharp rise during the forecast period, which
in turn will supplement the growth of the market.
The front end software segment holds the largest
share in the market in 2016. It is anticipated to account for over 58.0% of the
overall market revenue by 2025. Spiraling adoption of POS software by
restaurant owners for applications such as food ordering, billing, payment
processing, customer interaction, tracking sales, order management reporting,
and marketing is expected to trigger the growth of the market. All these
software solutions help restaurant owners and managers to streamline their
business operation, deliver enhanced customer experience, analyze their costs,
and increase their profit.
Full
Research Report On Global Restaurant Management Software Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/restaurant-management-software-market
www.grandviewresearch.com/industry-analysis/restaurant-management-software-market
Further
key findings from the report suggest:
- On the basis of deployment, the on premise
segment dominated the market in 2016. It is estimated to generate revenue
over USD 4.53 billion by 2025
- The market for table & delivery management
is anticipated to witness the highest CAGR of 17.6% over the forecast
period
- The Asia-Pacific market was at the forefront of
the global arena in 2016. Flourishing food service sector and growing
adoption of advance technology at restaurants, such as tablets, iPads, and
tableside payments, is expected to augment the regional market
- Key players including NCR Corporation;
HotSchedules; Revel Systems Inc.; Touch Bistro; and ShopKeep have a strong
foothold in the market.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/communication-services
www.grandviewresearch.com/industry/communication-services
Grand View Research has segmented restaurant management software market
on the basis software type, deployment, end-user, and region:
Restaurant
Management Software Outlook (Revenue, USD Million, 2014 - 2025)
- Front
End Software
- Accounting
& Cash Flow
- Purchasing
& Inventory Management
- Table
& Delivery management
- Employee
Payroll & Scheduling
- Others
Restaurant
Management Software Deployment Outlook (Revenue, USD Million, 2014 - 2025)
- Cloud
- On
Premise
Restaurant
Management Software End User Outlook (Revenue, USD Million, 2014 - 2025)
- FSR
(Full Service Restaurant)
- Fine
Dine
- Casual
Dine
- QSR
(Quick Service Restaurant)
- Institutional
- Others
Restaurant
Management Software Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-restaurant-management-software-market
www.grandviewresearch.com/press-release/global-restaurant-management-software-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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