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A Digital Feast: Restaurant management Software Soaring Market Demand for Cloud-based Solutions

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Westford USA, April 25, 2023 (GLOBE NEWSWIRE) — Immense technological need in the hoteling industry has created a market niche

The restaurant industry is undergoing significant changes, and as a result, restaurant management software solutions have become increasingly essential. For example, the popularity of online food ordering platforms has created a need for software that can integrate with these platforms. At the same time, data analytics has become increasingly crucial for analyzing sales, inventory, and customer feedback. Additionally, intense competition in the industry has led to a demand for software solutions that can improve efficiency, reduce costs, and enhance customer experiences. As a result, restaurant management software plays a vital role in helping restaurants stay competitive and thrive in a rapidly changing market.

In recent times, the market has seen a rapid growth as several trends are shaping its trajectory. Several significant trends such as cloud-based solutions, mobile-friendly solutions and the integration of artificial intelligence (AI) with machine learning (ML) capabilities, are driving the market. These trends in restaurant management software offer a wide range of benefits, such as scalability, cost-effectiveness and easy accessibility. Moreover, the consolidation of AI and ML can help restaurants automate order-taking, inventory management, and staffing processes.

Various government initiatives, such as ‘Digital India’ and European Union’s ‘Digital Single Market’, are also shaping the future of the restaurant management software market. The Digital India initiative is to promote the use of technology in various sectors, including the restaurant industries as well as European unions. Digital Single Market Initiative also aims at creating a single digital goods and services market across member states.

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Browse in-depth TOC on ” Restaurant Management Software Market”

●          Pages – 242

●          Tables – 93

●          Figures – 66

Point of Sale Application Segment to Regulate the Market Demand

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The point of sale (POS) application segment drives the sales of the global market. This major development is because POS solutions are essential to manage transactions, inventory and customer data in all restaurants. These solutions are increasingly being adopted by all sizes of restaurants, as they can provide a comprehensive management system for restaurants. One of the most popular POS solutions is ‘TOAST’ with a range of features like contactless ordering, pavement inventory management, and sales reporting.

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Cloud-based restaurant management software to exhibit dominance in the technological space

Moreover, cloud-based restaurant management software is exhibiting a strong growth, offering several advantages over on-premise solutions such as scalability, affordability and flexibility. Upserve, a cloud-based solution, offers a range of features such as POS, online ordering and inventory management. The popular chain restaurants are increasingly adopting cloud-based solutions such as McDonald’s and other famous brands. McDonald’s has been implementing cloud-based solutions to improve its operations and customer experience. According to the report by SkyQuest, McDonald’s has partnered with several technology companies to develop cloud-based solutions for its restaurant such as mobile ordering and self-service kiosks.

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Browse summary of the report and Complete Table of Contents (ToC):

https://www.skyquestt.com/report/restaurant-management-software-market

North America to register substantial growth in the forecast period

Region-wise, North America is one of the largest growing markets with a huge emphasis on digital adoption and management software. Primarily, the dominance is high due to the high adoption rate of technology and the presence of several large restaurant chains in the region. Initiatives [SP1] such as the ‘Digital Main Street programme’ by the Canadian government started initially offers funding and support to small businesses, including restaurants to help them adopt digital technologies and improve their online presence.

Asia-Pacific is one of the second leading markets and fastest growing owing to growing number of restaurants and increasing adoption of technology in the region. The adoption of Management Software Is promoted by several government initiatives such as Digital India and Chinese Government’s Internet Plus. Bodhi Initiatives aims to promote the adoption of technology in various traditional sectors, integrating technology with it.

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Restaurant Management Software Market Report Suggests:

  • The global market size is projected to grow by 15.06 billion by 2030 owing to technological advancements and the adoption of cloud-based solutions.
  • In terms of application, the point of sale (POS) segment drive sales as it manages transactions, inventory and customer data
  • In terms of type, the cloud-based software segment is projected to gain more popularity due to advantages provided, such as scalability, affordability and flexibility
  • North America and Asia Pacific are leading markets and will continue to exhibit dominance in the global market mainly due to the Growing restaurant and technological adoptions.

Restaurant Management Software Market Segmentation:

The global Restaurant Management Software market report is segmented based on type, application, and region.

By Type of Software

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  • Front-end Software
  • Accounting & Cash Flow Software
  • Purchasing & Inventory Management Software
  • Table & Delivery Management Software
  • Employee Payroll & Scheduling Software
  • Others (Customer Relationship Management Software, Marketing & Promotions Software, etc.)

By Deployment

  • Cloud-based
  • On-premise

By End-user

  • Quick Service Restaurants (QSRs)
  • Full-service Restaurants
  • Institutional (Cafeterias, Hospitals, Schools, etc.)
  • Others (Hotels, Bars, etc.)

By Region

  •  North America
  • Germany
  • France
  • UK
  • Spain
  • RoE
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • RoLA
  • Middle-East and Africa
  • South Africa
  • GCC Countries
  • Rest of MEA

Restaurant Management Software Market Major Company Profiles:

  • Toast
  • Square
  • Upserve
  • TouchBistro
  • NCR Aloha
  • Lavu
  • Revel Systems
  • ShopKeep
  • Oracle Hospitality
  • Lightspeed POS
  • Heartland POS
  • Clover
  • POSitouch
  • Brink POS
  • Plate IQ
  • SevenRooms
  • Zomato Base
  • Waitr
  • EZ-Chow
  • CrunchTime

Related Reports in SkyQuest’s Library:

Global Digital Payment Market

Global Instant Loan Application Market

Global Travel Insurance Market

Global Livestock Insurance Market

Global Microinsurance Market

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SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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 [SP1]If mentioning several, need to provide one more example of initiative

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Artificial Intelligence

Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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