NEW YORK, Dec. 6, 2021 /PRNewswire/ -- Technavio has announced its latest market research report titled Restaurant Management Software Market by Deployment (on-premise and cloud-based) and Geography (North America, Europe, APAC, South America, and MEA).
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Digital payments in the foodservice industry, which is a key restaurant management software market trend have gained traction as it decreases the incidence of internal thefts and increase the number of online orders. Digital payment solutions are highly preferred by various enterprises to improve day-to-day processes and gain a competitive edge over their rivals. Cashless restaurants use restaurant management software to ensure the seamless operation of digital payment solutions. This software also enables restaurants to capture useful consumer data from records of customer transactions. Customer details such as regular choice of food, eating patterns, and favorite meals and drinks provide useful insights, which enable restaurant owners to explore new opportunities to retain the customer base.
Read the 120-page report with TOC on "Restaurant Management Software Market Analysis Report by Deployment (on-premise and cloud-based) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts,2021-2025". Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions: https://www.technavio.com/report/report/restaurant-management-software-market-industry-analysis
To track and analyze customer interactions in a systematic manner, vendors are dependent on advanced solutions. This eventually results in complications while transitioning from conventional systems. A few key challenges faced during the transition from traditional systems to new management systems include the appointment of dedicated teams, implementation of processes, and software management. The prevalence of these challenges might impede the growth of the market during the forecast period.
for insights on the trends and challenges that will help companies evaluate and develop growth strategies for 2021-2025.
Major Five Restaurant Management Software Companies:
- Fiserv Inc.
- International Business Machines Corp.
- Lightspeed Commerce Inc.
- Microsoft Corp.
- NCR Corp.
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Restaurant Management Software Market Deployment Outlook (Revenue, USD bn, 2020-2025)
- On-premise - size and forecast 2020-2025
- Cloud-based - size and forecast 2020-2025
Geography Outlook (Revenue, USD bn, 2020-2025)
- North America - size and forecast 2020-2025
- Europe - size and forecast 2020-2025
- APAC - size and forecast 2020-2025
- South America - size and forecast 2020-2025
- MEA - size and forecast 2020-2025
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Restaurant Management Software Market Scope
Restaurant Management Software Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 14.04%
Market growth 2021-2025
$ 2.95 billion
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 46%
Key consumer countries
US, Canada, Germany, France, and UK
Leading companies, competitive strategies, consumer engagement scope
Fiserv Inc., International Business Machines Corp., Lightspeed Commerce Inc., Microsoft Corp., NCR Corp., Oracle Corp., Revel Systems Inc., Square Inc., Toast Inc., and TouchBistro Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Source : https://www.wfmz.com/news/pr_newswire/pr_newswire_technology/restaurant-management-software-market-to-grow-by-14-04-cagr-key-drivers-challenges-and-trends/article_5c7d052e-b328-543d-a330-5f7423fbdc09.html1158