$ 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.
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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Restaurant Management Software Market 2020-2024: Key Highlights
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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