11-Feb-2020 | Zion Market Research
Zion Market Research has authored “Catering Software Market – By Deployment Mode (Cloud Based and On Premise): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026”.
Based on our analysis, the global demand for the catering software market in 2019 is approximately USD 250 Million and is anticipated to reach around USD 640 Million by 2026. The anticipated CAGR for the catering software market is around 16% from 2020 to 2026.
This review is based on a report by Zion Market Research, titled “Catering Software Market – By Deployment Mode (Cloud Based and On Premise): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026” report at https://www.zionmarketresearch.com/report/catering-software-market-by-deployment-mode-cloud-based
Catering software allows caterers to manage everyday activities of the business in a systematic, précised, and efficient way. Catering software offers the improved distribution of accurate and precise data. Catering software comes with functionalities like invoicing, catering management, budget planning, booking options, and delivery methods. The functionalities offered by Catering software have popularized the software among suppliers of catering services. Online food can be ordered through this software for formal gatherings, corporate events, and etc. Usually, food service providers use catering software to partner with distribution vendors for delivery services. Catering software saves time and brings consistency by reducing the physical work of creating an audit of products, displaying offers, pricing, and etc. All can be monitored and managed through a central location and will reflect across stores in real-time automatically. From a central location, everything can be managed through a single click using this software
Catering software manages data efficiently and helps data redundancy. Catering software allows accessing the data through remote servers. Catering software reduces the cost of data handling as compared to traditionally catering management system hence; Increasing adoption of catering software in SMEs is majorly driving the market towards growth. Some drawbacks of the software are expected to affect the growth of the market. A system crash may lead to losing all stored data on the system, also virus attacks can corrupt the entire information on the system and may lead to loss of data. There are some of the restraints which are limiting the growth of the market. At present there are numerous fragmented solutions which are being used by vendors in the industry, so innovating a single seamless integrated software can be one of the opportunities for the growth of the market
Based on deployment mode, the catering software market is segmented into cloud based and on premise. In 2019, the on premise software segment accounted for the largest share of around 55% in terms of revenue of the global catering software market. However, it is expected that cloud based will be growing faster with a CAGR of around 20%.
Based upon the region the global catering software market has been categorized as Europe, North America, Latin America, APAC, and the MEA. In terms of revenue, North America is estimated to dominate the world market over the forecast period with the share of 35%. Adoption of advanced technology in North America is one of the major factors responsible for the largest share of the market.
The major players in the catering software are OPTIMO software, Pxier, Total Party Planner, Infor, Horizon Business Services Inc, Gather Technologies Inc, CaterZen by Restaurant & Catering Systems, CaterTrax Inc.
This report segments the catering software market as follows:
Global Catering Software Market: Deployment Mode Segment Analysis
Global Cloud-Based Payroll Software Market: Regional Segment Analysis
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