What is POS Restaurant Management System?
POS Restaurant Management System helps restaurants in managing different types of orders, menus, shifts, and more importantly billing and payments along with invoicing capabilities. It increases the speed of the operations in the restaurants which further increases consumer satisfaction. POS Restaurant Management Systems generally have features like inventory management, menu set-up, table reservation management, kitchen order tracking, and even online delivery solutions to streamline the process and increase the productivity of the restaurants.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | eZee BurrP (India), GOFRUGAL Technologies (India), Sapaad (Singapore), MarketMan (United States), POSist Technologies (India), DeliverAI (United Arab Emirates), RestoPOS (India), Flipnode (United States), OpenTable (United States) and 7shifts (Canada) |
CAGR | % |
The market study is broken down by Type (Fixed POS Terminal and Mobile POS Terminal), by Application (Outlet Settings, Inventory Monitoring, Menu Set-up, Order Management, Table Reservation, Billing and Others) and major geographies with country level break-up.
Firms in this market are largely start-ups who are looking to rapidly grow their market share in this market. Rapid innovating and keeping up with new trends are necessary to survive in this market. Marketing is also a key thing in this market as not a lot of restaurant manufacturers know about the availability of these kinds of software. There are no major barriers to entry for new entrants in this market. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global POS Restaurant Management System market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
eZee BurrP (India), GOFRUGAL Technologies (India), Sapaad (Singapore), MarketMan (United States), POSist Technologies (India), DeliverAI (United Arab Emirates), RestoPOS (India), Flipnode (United States), OpenTable (United States) and 7shifts (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global POS Restaurant Management System market by Type, Application and Region.
On the basis of geography, the market of POS Restaurant Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Restaurant, the sub-segment i.e. Multi-Chain Restaurants will boost the POS Restaurant Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the POS Restaurant Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Introduction of Mobile App in POS Restaurant Management Systems Market
- Growing Trend of Providing 24 Hours Support for Client
Market Drivers
- Need for Automation in The Restaurants
- Need for Transparency in The Restaurants
- Growing Demand to Streamline the Operations
Opportunities
- Increasing Demand for POS Restaurant Management System from Large Restaurants
- Emerging Demand for POS Restaurant Management Systems from Developing Countries with Rapid Growth of Hospitality Industry
Restraints
- Lack of Awareness About POS Restaurant Management System
Challenges
- POS Restaurant Management Systems Need to Be Constantly Updated for Security Purposes
- Needs of Restaurant Owners Varies Drastically with Cultures and Regions
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, POS Restaurant Management System Providers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.