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$ 2.84 Billion Growth in Global Restaurant Management Software Market 2020-2024 | Key Highlights on Top Performing Segments and Forecast for New Normal | Technavio
NEW YORK, March 2, 2021 /PRNewswire/ -- The global restaurant management software market size is expected to grow by USD 2.84 billion during 2020-2024, progressing at a CAGR of almost 15% during the forecast period. The report identifies North America as the key growth region and the region is expected to offer significant opportunities for market vendors over the forecast period.
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The growing focus on improving customer relationships is one of the major factors propelling the market growth. However, complications associated with transitioning from traditional systems might challenge growth.
Global Restaurant Management Software Market: Deployment
Based on the deployment, the market generated maximum revenue in the on-premise segment in 2019. On-premise deployments allow real-time monitoring of restaurant management software solutions and ensure complete security of enterprise data, such as source codes, version enhancements, and source code change histories. These factors are fueling the growth of the on-premise segment. The market growth in this segment will be significant over the forecast period.
Global Restaurant Management Software Market: Geographic Landscape
North America dominated the market with a 46% share in 2019. Factors such as rapid urbanization, increasing disposable income, the well-organized nature of the food service industry, and the high penetration of vendors will be crucial in driving the growth of the restaurant management software market in North America during the forecast period.
The US and Canada are the key markets for restaurant management software in North America. Market growth in this region will be slower than the growth of the market in APAC, Europe, and South America.
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Companies Covered
- Fiserv Inc.
- International Business Machines Corp.
- Microsoft Corp.
- NCR Corp.
- Oracle Corp.
- Revel Systems Inc.
- ShopKeep Inc.
- Square Inc.
- Toast Inc.
- TouchBistro Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2020, 2021, till 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Restaurant Management Software Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in restaurant management software market growth during the next five years
- Estimation of the restaurant management software market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the restaurant management software market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the restaurant management software market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
- Market segmentation by deployment
- Comparison by deployment
- On-premise - Market size and forecast 2019-2024
- Cloud-based - Market size and forecast 2019-2024
- Market opportunity by deployment
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growing use of digital payment solutions in foodservice industry
- Technological advances in restaurant management software solutions
- Increasing number of strategic alliances
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Fiserv Inc.
- International Business Machines Corp.
- Microsoft Corp.
- NCR Corp.
- Oracle Corp.
- Revel Systems Inc.
- ShopKeep Inc.
- Square Inc.
- Toast Inc.
- TouchBistro Inc.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Website: www.technavio.com/
Report Page:https://www.technavio.com/report/restaurant-management-software-market-industry-analysis
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