Infinium Global Research has added a new report on “Restaurant Management Software Market (Software Type – Accounting & Cash Flow Software, Front End Software, Table & Delivery Management Software, Purchasing & Inventory Management Software, and Employee Payroll & Scheduling Software; End User – FSR (Full Service Restaurant) and QSR (Quick Service Restaurant): Global Industry Analysis, Trends, Market Size and Forecasts to 2024.”
The report covers the analysis of global as well as regional markets of restaurant management software. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run.
Wait list management that helps guest to check wait list in their phones as well as receive text when their table is available this is anticipated to be the key driver driving the growth of the restaurant management software market. Additionally, improvements in order processing techniques have simplifies the operations such as payment processing and order management. This in turn is fuelling the growth of the restaurant management software market. However, unavailability of single software that incorporates all the solutions within it is anticipated to be the major factor hampering the growth of the market over the forecast period.
Furthermore, organizing customers interacting software that allows the guest to order and pay at the table and data analytics solutions are proving beneficial to facilitate the business decision. This in turn is providing several growth opportunities for the key players in the restaurant management software market over the upcoming years. On the other hand, adoption of POS software by restaurant owners for application such as billing, food ordering, payment processing, and order management reporting is anticipated to trigger the growth of the restaurant management software market over the years to come.
North America Region to Contribute to Growth in the Global Restaurant Management Software Market over the Upcoming Years
North America held the largest share in the global restaurant management software industry as the food service providers in the North American regions are early adopters of restaurant management software solutions such as table, menu, and kitchen management. Pooja Baragale a research analyst at Infinium Global Research quoted that the growth in the food service sectors in the countries such as china and India due to favorable demographic conditions and increasing disposal income are favoring immense growth. Pooja Baragale further quoted that Asia pacific region is anticipated to experience rapid development in the market growth over the upcoming years.
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Mergers to Remain Key Expansion Strategies of the Leading Players in the Restaurant Management Software Market “Between” 2018-2024
The key players profiled in the restaurant management industry are NCR Corporation, Hot Schedules, Revel Systems Inc, Touch Bistro, and Shop Keep. Moreover, the new entrants with innovative solutions are challenging the position of these companies as these companies dominate the current market.
Interpublic Group Agrees to Acquire Acxiom Marketing Solutions
In July 18- Marketing agency Interpublic Group has acquired Acxiom Marketing Solutions from Acxiom Corp. The acquisition will combine Interpublic’s IPG’s media, creative, marketing services, and analytics services with the target’s data management.
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