Restaurant Management Software Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

According to the report published by Facts & Factors, the global Restaurant Management Software market size was worth around USD 2700 million in 2019 and is predicted to grow around USD 7000 million by 2026 with a compound annual growth rate (CAGR) of roughly 15% between 2020 and 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the restaurant management software industry. The report analyzes and declares the historical and current trends analysis of the restaurant management software industry and subsequently recommends the projected trends anticipated to be observed in the restaurant management software market during the upcoming years.

The restaurant management software market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire restaurant management software market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• Through primary research, it was established that the restaurant management software market was valued at around USD 2,700 million in 2019.
• On the basis of deployment, the cloud category held the leading share at more than 49%, in 2019. According to the end-users of the restaurant industry, they feel secure in cloud-based deployment as the data is protected using various internet protocols.
• After secondary research, we performed face to face interviews to validate our data. The insights interviewee’s declared that customer experience monitoring is the most used application for the restaurant management system. The reason they stated was, by customer experience monitoring they were able to identify the areas of restaurant they need to improve.
• As per an online survey done by the FnF team, the restaurant management system is mostly used by full-service restaurants and is expected to bolster at a CAGR of 11% from 2020 to 2026.
• Based on the regions, North America dominated the market with higher shares of nearly 33% in 2019. However, our primary respondents believe that the Asia Pacific is projected to witness substantial growth over the foreseeable years with a CAGR of 19%.

Report Scope

Key Recommendations from Analysts

• As per our analysts, APAC recorded the highest CAGR of 19% by 2026, and the market is expected to bolster in this region, resulting in creating lucrative opportunities for new players.
• Based on the exhaustive secondary research done by our team, the cloud deployment mode is anticipated to become the most demanding deployment mode in the upcoming years. The reason being the versatility and security of the cloud platform.
• Based on the data collected from the press release of several companies, It is anticipated that many big IT companies are going deploy their own product in the coming years, thus raising the competition in the market. 
• Our analysts have identified cloud and customer experience monitoring categories as the leading investment pockets for the restaurant management software market in terms of deployment and application segmentation respectively.
• As per our analysis, IoT technology is expected to penetrate the restaurant management software improving the customer’s mode of interaction with the restaurant.  

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the restaurant management software industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the restaurant management software industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the restaurant management software market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the restaurant management software industry. The restaurant management software market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the restaurant management software sector. Key strategic developments in the restaurant management software market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the restaurant management software market are appropriately highlighted in the report.

Restaurant management software is designed to assist restaurant owners and managers to operate restaurants more efficiently. The software helps managers by providing data such as the total number of customers per day, employees, inventory, suppliers and other related information. The software is used for various processes such as ordering, billing, queue management, and inventory management. A restaurant management system is equipped with (Point of Sale) POS software designed for the foodservice industry. Just like a standard POS system, the restaurant system helps to collect transactions and manage inventory with accuracy. Setups such as a cash register and a barcode scanner can include hardware and software. The key drivers contributing to the rising global restaurant management systems are the high acceptance of restaurant management systems due to ease of use and high investment returns. Restaurant management systems are increasingly being implemented as they can incorporate orders, track cooking results, performs real-time monitoring of restaurant operations via real-time monitoring of restaurant management systems, improvise cooking productivity, service, and reduce errors. Using restaurant management systems, restaurants maintain and introduce efficient restaurant customer gift and loyalty schemes, and due to mobile access, restaurant management systems can provide mobility for restaurant owners, offering spontaneous versatility in restaurant execution. These factors are bolstering the demand for restaurant management system globally.

The restaurant management software market research report delivers an acute valuation and taxonomy of the restaurant management software industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the restaurant management software industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the restaurant management software industry is provided for the leading economies of the world.

The restaurant management software market is segmented based on software, deployment, application, and end-use.  On the basis of software segmentation, the market is classified into cashflow management, accounting, employee scheduling, order monitoring, payroll processing, analytics, and others. In terms of deployment segmentation, the market is bifurcated into the cloud, on-premises, and hybrid. On the basis of application, the market is bifurcated into food waste tracking & reduction, staffing & scheduling, customer experience monitoring. The end-user segment is divided into full-service restaurants, fast-food restaurant, institutional and other.

The taxonomy of the restaurant management software market by its scope and segmentation is as follows:

Some of the essential players operating in the restaurant management software market, but not restricted to include

• HotSchedules
•  Clover Network Inc.
•  Fishbowl Inc.
•  NCR Corporation
•  Revel Systems Inc.
•  Toast Inc.

By Software Segmentation Analysis

• Cashflow Management
• Accounting
• Employee Scheduling
• Order monitoring
• Payroll processing
• Analytics
• Others

By Deployment Segmentation Analysis

• Cloud
• On Premises
• Hybrid

By Application Segmentation Analysis

• Food Waste Tracking & Reduction
• Staffing & Scheduling
• Customer Experience Monitoring

By End-Use Segmentation Analysis

• Full-Service Restaurants
• Fast-food Restaurant
• Institutional
• Others

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa