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Global Restaurant Management Software Market to reach USD 13.05 billion by the end of 2029

Global Restaurant Management Software Market Size study & Forecast, by Software (Front-end Software, Accounting & Cash Flow, Purchasing & Inventory Management, Table & Delivery Management, Employee payroll & scheduling, Others), By Deployment (Cloud, On-premise), By End-Use (Full-service Restaurant, Quick Service Restaurant, Institutional, Others) and Regional Analysis, 2022-2029

Product Code: ICTNGT-74149188
Publish Date: 20-03-2023
Page: 200

Global Restaurant Management Software Market is valued at approximately USD 3.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.3% over the forecast period 2022-2029. Restaurant management software is a type of technology solution designed to help restaurant owners and managers streamline their business operations and improve efficiency. It provides a platform for automating a variety of tasks including inventory management, employee scheduling, point-of-sale (POS) transactions, and customer relationship management. The market demand is primarily driven by the factors such as the constantly growing numbers of restaurants worldwide, increasing application of cloud-based technologies and rising integration of Quick Service Restaurant (QSR) services.

In addition, the increasing application of cloud-based technologies and the rising integration of QSR services are leading to investments by companies. Toast, a cloud-based restaurant management platform, announced a $400 million funding round led by Bessemer Venture Partners and TPG in April 2021. Similarly, Olo, a platform for digital ordering and delivery management for restaurants, raised $450 million in its initial public offering (IPO) in March 2021. The potential of rising investments, thus, in turn, is expected to escalate the demand for restaurant management software in the global market. Furthermore, the increasing usage of Kitchen Display Systems and surging adoption of restaurant management software by hotels and restaurants are presenting lucrative opportunities for market growth over the forthcoming years. However, a lack of awareness in underdeveloped regions is restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Restaurant Management Software Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue due to swift urbanization and the presence of popular QSR and FSR chains. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as the rising implementation of software technology and demand for consumer-friendly restaurants are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Fiserv, Inc.
Personica (Fishbowl Inc.)
Fourth Enterprises LLC.
NCR Corporation
OpenTable Inc.
Oracle Corporation
Revel Systems, Inc.
Square Capital, LLC
TouchBistro Inc.
Recent Developments in the Market:
 In October 2021, to assist restaurants to engage with their customers, digital marketing, and commerce platform provider BentoBox was acquired by financial technology service company Fiserv, Inc. Over 200,000 restaurants may now offer distinctive and distinctive diner experiences, spanning from quick and informal to full service, thanks to the company’s ability to enhance its Clover dining solution through the acquisition.
 In January 2022, In order to connect ParTech’s Brink POS with Jolt’s operations management software, the restaurant technology company ParTech, Inc. (PAR) joined up with Jolt, a U.S.-based provider of software solutions to restaurant operators.

Global Restaurant Management Software Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Software, Deployment, End-Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Software:
Front-end Software
Accounting & Cash Flow
Purchasing & Inventory Management
Table & Delivery Management
Employee payroll & scheduling

By Deployment:

By End-Use:
Full-service Restaurant
Quick Service Restaurant

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Restaurant Management Software Market, by Region, 2019-2029 (USD Billion)
1.2.2. Restaurant Management Software Market, by Software, 2019-2029 (USD Billion)
1.2.3. Restaurant Management Software Market, by Deployment, 2019-2029 (USD Billion)
1.2.4. Restaurant Management Software Market, by End-Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Restaurant Management Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Restaurant Management Software Market Dynamics
3.1. Restaurant Management Software Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Constantly growing numbers of Restaurants Worldwide Increasing application of cloud-based technologies Rising integration of Quick Service Restaurant (QSR) services
3.1.2. Market Challenges Lack of Awareness in underdeveloped regions
3.1.3. Market Opportunities Increasing usage of Kitchen Display System in Restaurant Management Software Surging adoption of Restaurant Management Software by Hotels & Restaurants
Chapter 4. Global Restaurant Management Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Restaurant Management Software Market, by Software
6.1. Market Snapshot
6.2. Global Restaurant Management Software Market by Software, Performance – Potential Analysis
6.3. Global Restaurant Management Software Market Estimates & Forecasts by Software 2019-2029 (USD Billion)
6.4. Restaurant Management Software Market, Sub Segment Analysis
6.4.1. Front-end Software
6.4.2. Accounting & Cash Flow
6.4.3. Purchasing & Inventory Management
6.4.4. Table & Delivery Management
6.4.5. Employee payroll & scheduling
6.4.6. Others
Chapter 7. Global Restaurant Management Software Market, by Deployment
7.1. Market Snapshot
7.2. Global Restaurant Management Software Market by Deployment, Performance – Potential Analysis
7.3. Global Restaurant Management Software Market Estimates & Forecasts by Deployment 2019-2029 (USD Billion)
7.4. Restaurant Management Software Market, Sub Segment Analysis
7.4.1. Cloud
7.4.2. On-premise
Chapter 8. Global Restaurant Management Software Market, by End-Use
8.1. Market Snapshot
8.2. Global Restaurant Management Software Market by End-Use, Performance – Potential Analysis
8.3. Global Restaurant Management Software Market Estimates & Forecasts by End-Use 2019-2029 (USD Billion)
8.4. Restaurant Management Software Market, Sub Segment Analysis
8.4.1. Full-service Restaurant
8.4.2. Quick Service Restaurant
8.4.3. Institutional
8.4.4. Others
Chapter 9. Global Restaurant Management Software Market, Regional Analysis
9.1. Restaurant Management Software Market, Regional Market Snapshot
9.2. North America Restaurant Management Software Market
9.2.1. U.S. Restaurant Management Software Market Software breakdown estimates & forecasts, 2019-2029 Deployment breakdown estimates & forecasts, 2019-2029 End-Use breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Restaurant Management Software Market
9.3. Europe Restaurant Management Software Market Snapshot
9.3.1. U.K. Restaurant Management Software Market
9.3.2. Germany Restaurant Management Software Market
9.3.3. France Restaurant Management Software Market
9.3.4. Spain Restaurant Management Software Market
9.3.5. Italy Restaurant Management Software Market
9.3.6. Rest of Europe Restaurant Management Software Market
9.4. Asia-Pacific Restaurant Management Software Market Snapshot
9.4.1. China Restaurant Management Software Market
9.4.2. India Restaurant Management Software Market
9.4.3. Japan Restaurant Management Software Market
9.4.4. Australia Restaurant Management Software Market
9.4.5. South Korea Restaurant Management Software Market
9.4.6. Rest of Asia Pacific Restaurant Management Software Market
9.5. Latin America Restaurant Management Software Market Snapshot
9.5.1. Brazil Restaurant Management Software Market
9.5.2. Mexico Restaurant Management Software Market
9.5.3. Rest of Latin America Restaurant Management Software Market
9.6. Rest of The World Restaurant Management Software Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Fiserv, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Personica (Fishbowl Inc.)
10.2.3. Fourth Enterprises LLC.
10.2.4. Jolt
10.2.5. NCR Corporation
10.2.6. OpenTable Inc.
10.2.7. Oracle Corporation
10.2.8. Revel Systems, Inc.
10.2.9. Square Capital, LLC
10.2.10. TouchBistro Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
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To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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