Restaurant Management Software Market Size, Share, Growth Analysis, By Software(Front-end Software, Accounting & Cash Flow, Purchasing & Inventory Management, Table & Delivery Management), By Deployment(Cloud and On-Premise), By End-Use(Full-service Restaurant (FSR) (Fine Dine, Casual Dine), Quick Service Restaurant (QSR), Institutional), By Region - Industry Forecast 2024-2031

Restaurant Management Software Market size was valued at USD 3.78 billion in 2019 and is poised to grow from USD 4.39 billion in 2023 to USD 14.7 billion by 2031, growing at a CAGR of 16.3% in the forecast period (2024-2031).

The expanding number of restaurants globally, as well as the increasing use of cloud based apps technology and the growing adoption of Quick Service Restaurant (QSR) services, can be contributed to the increase. The COVID-19 epidemic had an influence on the restaurant business, resulting in temporary closures and a dearth of dine-in guests. Yet, by offering contactless payment choices, eateries were able to withstand the pandemic thanks to the adoption of Point of Sale (POS) technology.

Due to the epidemic, numerous packaged food services and restaurants sought to address consumer needs through online sales channels. As a result, the additional benefit of implementing POS systems to precisely determine client preferences and sales trends is predicted to augment market growth. Restaurant-specific software such as invoicing and payment, inventory management, and table management are likely to boost growth. In addition, recent advances in order processing technology have assisted restaurateurs in streamlining their order administration.

US Restaurant Management Software Market is poised to grow at a sustainable CAGR for the next forecast year.