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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International Business Machines Corp.
Revel Systems Inc.
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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
2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Value chain analysis
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2019
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
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
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
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND 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
PART 13: VENDOR ANALYSIS
Market positioning of vendors
International Business Machines Corp.
Revel Systems Inc.
PART 14: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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