PUBLISHER: Allied Market Research | PRODUCT CODE: 1179793
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179793
The restaurant management software market was valued at $4,236.4 million in 2021, and is projected to reach $17,113.9 million by 2031, registering a CAGR of 15.3% from 2022 to 2031. The purchasing & inventory management segment was the highest revenue contributor to the market, with $974.8 million in 2021, and is estimated to reach $5,719.1 million by 2031, with a CAGR of 19.6%. The front end solution segment is estimated to reach $3,663.3 million by 2031, at a significant CAGR of 17.2% during the forecast period.
The restaurant management software market share is predicted to expand significantly during the forecast period due to increased Metadata protection. Furthermore, the expansion of the market is fuelled by the increase in usage of digitalization and artificial intelligence (AI). However, the high initial cost of installation and administration is the key factor constraining market expansion. On the contrary, increased market penetration across different end-use verticals is expected to propel restaurant management software market growth.
The restaurant management software market research is segmented into solution, deployment, end-use vertical and regions. On the basis of solution, the market is bifurcated into front-end solution, accounting & cash flow solution, purchasing & inventory management, table & delivery management, employee payroll & scheduling and others. In terms of deployment the market is divided into cloud and on-premise. By end-use vertical, the market is categorized into full-service restaurant (FSR), quick service restaurant (QSR), institutional and others. The full-service restaurant (FSR) segment is further segmented into the fine dine and casual dine. Region-wise, the restaurant management software market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include Clover Network, LLC, HotSchedules (Fourth Enterprises LLC.), Jolt, NCR Corporation, OpenTable, Inc., Oracle Corporation, Personica (Fishbowl Inc.), Revel Systems, Inc., Square Capital, LLC (Block, Inc.) and TouchBistro.
Key Benefits For Stakeholders
By Solution
By Deployment Model
By End Use Vertical
By Region