Restaurant Management Software Market to Grow 14.04% CAGR: Key Drivers, Challenges and Trends

Digital payments in the restaurant industry, which is a key trend in the restaurant management software market, has gained traction as it decreases the incidence of internal theft and increases the number of online orders. Digital payment solutions are highly preferred by various companies to improve day-to-day processes and gain competitive advantage over their competition. Cashless restaurants use restaurant management software to ensure the seamless operation of digital payment solutions. This software also allows restaurants to capture useful consumer data from customer transaction records. Customer details such as regular food choices, eating habits, and preferred dishes and drinks provide useful information, which allows restaurateurs to explore new opportunities for customer loyalty.

Read the 120-page report with table of contents on ‘Restaurant Management Software Market Analysis Report By Deployment (On-Premises & In Cloud) And Geography (North America, Europe, APAC, South America, and MEA) and Segment Forecast, 2021-2025 “. Track key industry opportunities, trends and threats. Marketing, branding, strategy and market development, sales and business functions information. ‘supply : https://www.technavio.com/report/report/restaurant-management-software-market-industry-analysis

To systematically track and analyze customer interactions, suppliers depend on advanced solutions. This eventually leads to complications when transitioning from conventional systems. Some of the main challenges encountered in transitioning from traditional systems to new management systems include the appointment of dedicated teams, process implementation and software management. The prevalence of these challenges might hamper the growth of the market during the forecast period.

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Five major restaurant management software companies:

  • Fiserv inc.
  • International Business Machines Corp.
  • Lightspeed Commerce Inc.
  • Microsoft Corp.
  • NCR Corp.

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Restaurant Management Software Market Deployment Outlook (Revenue, USD Billion, 2020-2025)

  • On-premise – size and forecast 2020-2025
  • Cloud Based – Size and Forecast 2020-2025

Restaurant Management Software Market Geographic outlook (Turnover, USD bn, 2020-2025)

  • North America – size and forecast 2020-2025
  • Europe – size and forecast 2020-2025
  • APAC – size and forecast 2020-2025
  • South America – size and forecast 2020-2025
  • MEA – size and forecast 2020-2025

Download this Restaurant Management Software Marketplace report to discover new strategies to make the most of future growth opportunities.

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Scope of Restaurant Management Software Market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to 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

Efficient contribution to the market

North America at 46%

Main consumer countries

United States, Canada, Germany, France and United Kingdom

Competitive landscape

Leading companies, competitive strategies, reach 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 Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID 19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Technavio
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies 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.

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