Press release
Restaurant Management Software Market on Track to Hit US$ 28.03 Billion and Is Expected to Register a CAGR of 17.3% Forecast From 2025 to 2034
Restaurant Management Software Market
Market Definition:
Restaurant management software is a complete collection of applications and tools designed to streamline and automate several facets of operating a restaurant. It combines manifold operations into a single platform, offering a centralized system to handle functions, enhance productivity, and improve holistic efficacy. A point of sale (POS) system manages order processing, inventory handling, and payment transactions. It is the nucleus of effective restaurant management software.
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Inventory management software enables the efficient handling of inventory involving tracking, ingredient usage, stock levels, and ordering. It assists in lessening waste, maximizing inventory level, and ordering. Table reservation software helps in handling reservations, maximizing seating positioning and enhancing table turnover prices. Employee scheduling software assists with generating and handling staff timetables, tracking employee presence, and easing labor cost optimization.
Market Dynamics:
Growing Digital Transactions:
The rising consumer inclination for digital transactions is speeding up the market growth. Mobile and contactless payments in restaurants are gaining traction. For instance, as per the Monetary Authority of Macao, in China, transactions through mobile payment instruments surged by 13.5%, quarter-on-quarter, accomplishing 100 million in Q4 2024 boosting the restaurant management software market demand.
Surging Disposable Income:
Surging disposable income has notably assisted in market growth. For instance, as per the Ministry of Statistics & Programme Implementation, India's Gross National Disposable Income (GNDI) portrayed a development of 14.5% for the year 2022-23. Growing consumer spending has caused a transposition in dining inclination, causing follow-ups to restaurants and an increased demand for superior services.
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Competitive Landscape:
Fierce competition and ongoing innovation define the strategies employed by leading players to maintain a competitive edge.
Some of the prominent players operating in the market include:
• Block, Inc.
• Fiserv, Inc.
• Fishbowl Inc.
• Fourth Enterprises LLC.
• Jolt
• Microsoft
• NCR Corporation
• OpenTable, Inc.
• Oracle Corporation
• Revel Systems
• TouchBistro
Restaurant Management Software Market Report Highlights:
• In terms of deployment, the cloud segment dominated the market in 2024 due to its scalability, and cost-effectiveness.
• Based on end use, the full-service restaurant segment accounted for the largest market share in 2024 due to the increasing need for advanced software solutions to manage reservations.
• In 2024, North America accounted for the largest market share due to high digital adoption rates and advanced technological infrastructure.
• The Asia Pacific restaurant management software market is expected to witness the highest CAGR during the forecast period due to the rapid expansion of cloud kitchens and increasing smartphone penetration.
Segmental Analysis:
By Type Outlook (Revenue, USD Billion, 2020-2034)
• Front End Software
• Accounting & Cash Flow
• Purchasing & Inventory Management
• Table & Delivery management
• Employee Payroll & Scheduling
• Others
By Deployment Outlook (Revenue, USD Billion, 2020-2034)
• On-Premise
• Cloud
By End Use Outlook (Revenue, USD Billion, 2020-2034)
• Full-Service Restaurant (FSR)
• Quick Service Restaurant (QSR)
• Institutional
• Others
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Geographical Outlook:
Geographically, the restaurant management software is analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America stands as a prominent market due to high digital adoption rates, enhanced technological framework and growing funding in automation covering the food service industry.
Asia Pacific is expected to witness the fastest CAGR due to augmentation of cloud kitchens, rising smartphone reach, and growing influence of food delivery platforms.
• North America
o Type Outlook
• Front End Software
• Accounting & Cash Flow
• Purchasing & Inventory Management
• Table & Delivery management
• Employee Payroll & Scheduling
• Others
o Deployment Outlook
• On-Premise
• Cloud
o End-use Outlook
• Full Service Restaurant (FSR)
• Quick Service Restaurant (QSR)
• Institutional
• Others
• Asia Pacific
o Type Outlook
• Front End Software
• Accounting & Cash Flow
• Purchasing & Inventory Management
• Table & Delivery management
• Employee Payroll & Scheduling
• Others
o Deployment Outlook
• On-Premise
• Cloud
o End-use Outlook
• Full-Service Restaurant (FSR)
• Quick Service Restaurant (QSR)
• Institutional
• Others
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