The global restaurant management software market is projected to reach USD 6.94 billion by 2025, according to a new report by Grand View Research, Inc., 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.
Moreover, growing awareness regarding the importance of data analytics solutions in providing valuable insights to improve day to day operations is poised to provide an upthrust to the market. The adoption of cloud systems is estimated to experience a 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 operations, deliver enhanced customer experience, analyze their costs, and increase their profit.
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On the basis of deployment, the on-premise segment dominated the market in 2016. It is estimated to generate revenue of 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 foodservice 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.
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
Restaurant Management Software Deployment Outlook (Revenue, USD Million, 2014 - 2025)
Restaurant Management Software End User Outlook (Revenue, USD Million, 2014 - 2025)
FSR (Full Service Restaurant)
QSR (Quick Service Restaurant)
Restaurant Management Software Regional Outlook (Revenue, USD Million, 2014 - 2025)
Middle East & Africa
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