Potential Growth of $2.95 in Restaurant Management Software Market | Over 17,000 Technavio reports |

NEW YORK, January 29, 2022 /PRNewswire/ — The latest market outlook report titled “Restaurant Management Software Market by Deployment and Geography – Forecast and Analysis 2021-2025has been added to Technavio’s catalog. This recent market analysis report identifies the market as witnessing a potential growth difference of $2.95 billion from 2002 to 2025. The restaurant management software market is expected to register accelerating growth at a CAGR of 14.04% during this period.

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Parent market overview

Technavio classifies restaurant management software as part of the global application software market within the global computer software market. The global computer software parent market covers companies engaged in the development and production of application and system software. The global application software market covers companies engaged in the development and production of software designed for specialized applications for the enterprise or consumer market.

Technavio calculates the size of the global computer software market based on the combined revenue generated by companies that provide all types of computer software, including cloud-based software. It includes software license revenue and subscription revenue. Maintenance and support costs charged by vendors are also included in software revenue.

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Market Competitive Landscape

The restaurant management software market is fragmented. The degree of fragmentation is likely to intensify in the coming years, as the Restaurant Management Software market players are deploying various organic and inorganic growth strategies to compete in the market. Technavio has categorized industry-focused market players into dominant and powerful players based on their annual revenue and market share in this report. Some of the key players covered in this report include 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. among others.

Strategic initiatives and product launches

  • Fiserv Inc. – The company offers restaurant management software namely Clover Flex.
  • Oracle Corp. : The company offers restaurant management software, namely Simphony.
  • Revel Systems Inc. : The Company offers restaurant management software, namely Revel Restaurant POS software.

For more information on the competitive strategies and market share of more than 20 companies discussed in detail, Get our sample report here!

Overview of the value chain

Market vendors can leverage and formulate effective strategies from the Restaurant Management Software Market value chain analysis extensively covered in this report. End-to-end understanding of the value chains and stakeholders involved in the process is essential for suppliers to optimize profit margin and evaluate business strategies. The report further explained other innovative approaches taken by vendors to ensure a sustainable presence in the market.

An elaborate analysis on the following basic components is covered in this report:

  • Submissions
  • Software development process
  • Marketing and distribution
  • After sales services
  • Innovation

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Growth of the restaurant industry to positively drive the market

There has been an increase in demand for convenient food options among middle-income households and the growing number of working women in emerging economies. The growing number of restaurants along with the need to improve customer experience and reduce expenses requires improvements in restaurant operations. These factors will drive the growth of the global restaurant management software market over the forecast period.

Complications associated with the transition from traditional systems likely to hinder the growth of the restaurant management software market

Suppliers face limitations in transitioning from traditional to modern systems, primarily in terms of appointing dedicated teams, implementing processes, and managing software. Clear security measures are also needed to ensure that the data cannot be accessed by unauthorized users. The prevalence of these challenges might hamper the growth of the market during the forecast period.

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COVID Impact and Recovery Analysis

COVID-19-induced restrictions have negatively impacted businesses, especially those in the hospitality industry, which in turn has negatively impacted business software deployment management software in 2020. The market is also showing slow growth in 2021. However, with the start of vaccination campaigns against COVID-19, the demand for restaurant management software is expected to increase from 2022, thus driving the market to North America during the forecast period.

See the report to learn more about the impact of the pandemic on the market and industry

Revenue Generating Segment Highlights

On-premises deployment segment held the largest restaurant management software market share in 2021. The segment will continue to maintain market dominance as on-premises deployments enable real-time monitoring of restaurant management software solutions . It also guarantees complete security of corporate data, such as source codes, version enhancements, and source code change histories.

North America will emerge as the largest regional revenue-generating segment of the restaurant management software market. 46% of the market growth will come from this region during the forecast period. The United States and Canada Are the Major Markets for Restaurant Management Software in North America. Market growth in these economies can be attributed to several factors, including rapid urbanization, increasing disposable income, well-organized nature of the restaurant industry, and vendor market penetration.

Download sample report for market share information for each contributing segment and top 20 countries covered exclusively in this report

Key takeaways from the report

  • Market CAGR over the forecast period 2021-2025
  • In-depth information on factors that will drive the Restaurant Management Software Market growth over the next five years
  • Accurate estimation of the Restaurant Management Software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the restaurant management software market in North AmericaAPAC, EuropeAME and South America and the top 20 countries in these regions
  • In-depth analysis of the market competitive landscape and in-depth information on 20+ industry-focused market vendors categorized as dominant and powerful players
  • Impact of lockdowns, supply chain disruptions, demand destruction and changing customer behavior
  • Market estimates before and after COVID-19
  • Optimistic, baseline and pessimistic scenarios for all markets as the impact of the pandemic unfolds

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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, Consumer Engagement Reach

Profiled Key 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 Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market 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.

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 more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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