Global Restaurant Management Software Market 2023-2027

Global Restaurant Management Software Market 2023-2027

Technavio has been monitoring the restaurant management software market and it is poised to grow by $4507.94 mn during 2023-2027, accelerating at a CAGR of 15.85% during the forecast period. Our report on the restaurant management software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of foodservice industry, rise in the number of QSRs, and the rising need for large-scale client management.

Technavio's restaurant management software market is segmented as below:

By Deployment

• On-premises
• Cloud-based

By End-user

• QSR
• FSR
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the growing use of digital payment solutions in the food service industry as one of the prime reasons driving the restaurant management software market growth during the next few years. Also, technological advances in restaurant management software solutions and the increasing number of strategic alliances will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the restaurant management software market covers the following areas:

• Restaurant management software market sizing
• Restaurant management software market forecast
• Restaurant management software market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading restaurant management software market vendors that include Block Inc., Cozy Infosystems Inc., Fiserv Inc., Fishbowl Inc., Fourth Enterprises LLC, GOFRUGAL, i3 Verticals Inc., International Business Machines Corp., Jolt Software Inc., Lavu Inc., Lightspeed Commerce Inc., Microsoft Corp., NCR Corp., Oracle Corp., Restaurant365 LLC, Revel Systems Inc., Technoheaven, Toast Inc., and TouchBistro Inc. Also, the restaurant management software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.