Infinium Global Research added Latest Research Report titled “Restaurant Management Software Market by Manufacturers, Regions, Product Type and Application, Forecast to 2024” to its Large Report database.
Pune, India -- (SBWIRE) -- 08/17/2018 -- Improvements in Order Processing Techniques to Promote Growth in the Restaurant Management Software Market Over 2018 to 2024
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.
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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 market 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.
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 market 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.
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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.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global restaurant management software market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of restaurant management software market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the restaurant management software market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the restaurant management software market to understand the present and future trends in this market and formulate their strategies accordingly.