Restaurant management

Restaurant Management Software Market to Record Growth of $2.95 Billion | North America will occupy the largest market share

Market dynamics

The market is driven by factors such as the growing need for large-scale customer management. The growing need for effective guest management has created the demand for restaurant automation and management solutions in the hospitality industry. Adopting restaurant automation and management software solutions enables restaurants to automate various processes, thereby saving time and money. For example, automated solutions help restaurants regularly monitor their customers, understand their expectations and build trust. Likewise, the use of restaurant management solutions enables effective tracking of critical tasks, reduces uptime and simplifies the reservation process. These benefits are increasing the adoption of restaurant management software, thereby driving the growth of the market.

Moreover, the growth of the restaurant industry will have a positive impact on the growth of the market. However, the complications associated with the transition from traditional systems will limit the market growth.

Company Profiles

The market is fragmented and characterized by the presence of many sellers. Market players are adopting various organic and inorganic growth strategies such as new product launches and mergers and acquisitions to stay competitive in the market. The report offers detailed insights into the competitive landscape and products offered by some of the major players such as Fiserv Inc., International Business Machines Corp., Lightspeed Commerce Inc., Microsoft Corp., NCR Corp., Oracle Corp., Revel Systems Inc., Square Inc., Toast Inc. and TouchBistro Inc.

Competitive analysis

The competitive scenario provided in the Restaurant Management Software market report analyzes, assesses, and positions businesses based on various performance indicators. Some of the factors taken into consideration for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc.

Market segmentation by deployment

  • By deployment, the market is categorized into on-premises and cloud-based.
  • The on-premises segment holds the largest market share.
  • Real-time monitoring offered by on-premises solutions is driving the growth of the segment.
  • However, the market share of the cloud-based segment is expected to rise over the forecast period owing to the cost-effectiveness and convenience offered by cloud-based restaurant management software.

Market segmentation by geography

  • By geography, the market is analyzed through North America, EuropeACPA, South Americaand MEA.
  • North America will have the largest market share. The region currently holds 46% of the global market share.
  • Factors such as rapid urbanization, higher disposable incomes, presence of well-organized restaurant industry and presence of large number of vendors are driving the growth of the restaurant management software market in North America.
  • The United States and Canada Are the Major Markets for Restaurant Management Software in North America.

Explore other major market segments, regions and key countries. Request a free sample report

Related reports:

Hotel and Hotel Management Software Market by Deployment and Geographic Forecast and Analysis 2022-2026

Online Travel Agency IT Spend Market by Type and Geography – Forecast and Analysis 2022-2026

Restaurant Management Software Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 14.04%

Market Growth 2021-2025

$2.95 billion

Market structure

Fragmented

Annual growth (%)

12.98

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 46%

Main consumer countries

United States, Canada, Germany, France and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Fiserv Inc., International Business Machines Corp., Lightspeed Commerce Inc., Microsoft Corp., NCR Corp., Oracle Corp., Revel Systems Inc., Square Inc., Toast Inc. and TouchBistro Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by deployment

  • Market segments
  • Comparison by deployment
  • On-site – Market size and forecast 2020-2025
  • Cloud-based – Market size and forecast 2020-2025
  • Market Opportunity by Deployment

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Fiserv Inc.
  • International Business Machines Corp.
  • Lightspeed Commerce Inc.
  • Microsoft Corp.
  • NCR Corp.
  • Oracle Corp.
  • Revel Systems Inc.
  • Square Inc.
  • Toast inc.
  • Touch Bistro Inc.

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCETechnavio