This report provides exclusive insights into the COVID-19 impact on the Restaurant Management Software Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Restaurant Management Software Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Restaurant Management Software Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
restaurant management software market provides an in-depth analysis of segments
and sub-segments in global as well as regional restaurant management software
market. The study also highlights the impact of drivers, restraints and macro
indicators on the global and regional restaurant management software market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global restaurant
management software market. According to the report the global restaurant
management software market is projected to grow at a CAGR of 14.5% over the
forecast period of 2018-2024.
A restaurant management software
system is designed with abilities and features to help and manage the
restaurant and bar. The point of sale software is the major advantage of
managing the restaurant. Hence, the point of sale (POS) software is a cash
register, computer, or even an iPad where cashiers input your products, tally
the cost and conduct the financial transaction. Moreover, restaurants handle a
high amount of credit and cash transaction so the restaurant management
software is making life easier by tracking all business sales data down to
the last cent.
Waitlist management that helps
guest to check wait list in their phones as well as receive a text when their
table is available this is anticipated to be the key driver driving the growth
of the restaurant management software market. Additionally, improvements in
order processing techniques have simplified the operations such as payment
processing and order management. This, in turn, is fuelling the growth of the
restaurant management software market. However, unavailability of a single
software that incorporates all the solutions within it is anticipated to be the
major factor hampering the growth of the market over the forecast period.
Furthermore, organizing customers
interacting software that allows the guest to order and pay at the table and
data analytics solutions are proving beneficial to facilitate the business
decision. This, in turn, is providing several growth opportunities for the key
players in the restaurant management software market over the upcoming years.
On the other hand, adoption of POS software by restaurant owners for an application such as billing, food ordering, payment processing, and order
management reporting is anticipated to trigger the growth of the restaurant
management software market over the years to come.
Among the geographies, North
America held the largest share in the global restaurant management software the market as the food service providers in the North American regions are early
adopters of restaurant management software solutions such as a table, menu, and
kitchen management. Moreover, the growth in the food service sectors in the
countries such as China and India due to favorable demographic conditions and
increasing disposal income are favoring immense growth. On the other hand, Asia-Pacific region is anticipated to experience rapid development in the market
growth over the upcoming years.
The report on global restaurant management software market
covers segments such as software type and end user. On the basis of software type the global
restaurant management software market is categorized into accounting & cash
flow software, front end software, table & delivery management software,
purchasing & inventory management software and employee payroll &
scheduling software. On the basis of end user the global restaurant the management software market is categorized into FSR (full service restaurant)
and QSR (quick service restaurant).
The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-Pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC
region is projected to experience growth at a CAGR of x.x% over the period of
The report provides profiles of the companies in the global
restaurant management software market such as Square Inc., ShopKeep, Revel
Systems Inc., Oracle Corporation, OpenTable, Inc., NCR Corporation, Jolt,
HotSchedules, Fishbowl Inc. and Clover Network, Inc.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global restaurant
management software market. Moreover, IGR-Growth Matrix analysis given in the
report brings an insight into the investment areas that existing or new market
players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of
restaurant management software market. Moreover, the study highlights current
market trends and provides forecast from 2018-2024. We also have highlighted
future trends in the restaurant management software market that will impact the
demand during the forecast period. Moreover, the competitive analysis given in
each regional market brings an insight into the market share of the leading
players. This report will help manufacturers, suppliers, and distributors of the
restaurant management software market to understand the present and future
trends in this market and formulate their strategies accordingly.