Restaurant Management Software Market Is Projected To Reach $6.94 Billion By 2025: Grand View Research, Inc.

Restaurant Management Software Market Is Projected To Reach $6.94 Billion By 2025: Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a report published by Grand View Research, Growing transformation in the restaurant technology is expected to be one of the key trends escalating restaurant management software market growth.

According to a report, “Restaurant Management Software Market Size, Share & Trends Analysis Report By Software Type (Front End, Table & Delivery Management, Purchasing & Inventory), By Deployment, By End User, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc.,  The global restaurant management software market is projected to reach USD 6.94 billion by 2025, 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.

Key Takeaways from the report:

  • 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.

North America Restaurant Management Software Market Size, By Deployment, 2014 - 2025 (USD Million)

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Global Restaurant Management Software Market Share, By End User, 2016 (%)

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.

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

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About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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