11-Feb-2020 | Zion Market Research
Zion Market Research has authored “Catering Software Market - By Type (Booking Management, Order Management, Product Management, Event Management, and Others), By Deployment Mode (On-Premises and Cloud Based), By End-User (Caterers, Hotels & Restaurants, and Others), and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032”. According to the report, the global Catering Software market size was valued at approximately USD 64.89 Million in 2023 and is predicted to reach around USD 199.31 Million by the end of 2032, expanding at a CAGR of around 13.28% from 2024 to 2032.
Catering software allows caterers to manage the 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, 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, 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 with data redundancy. Catering software allows accessing the data through remote servers. Catering software reduces the cost of data handling as compared to traditional catering management systems 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 numerous fragmented solutions 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 2023, the on-premise software segment accounted for the largest share of around 73.2% 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 26.2%.
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 a share of 46.5%. The adoption of advanced technology in North America is one of the major factors responsible for the largest share of the market.
This review is based on a report by Zion Market Research, titled “Catering Software Market - By Type (Booking Management, Order Management, Product Management, Event Management, and Others), By Deployment Mode (On-Premises and Cloud Based), By End-User (Caterers, Hotels & Restaurants, and Others), and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032” report at https://www.zionmarketresearch.com/report/catering-software-market-by-deployment-mode-cloud-based
The major players in catering software are Aptus Systems Ltd., Better Cater Inc., Caterease Software, CaterTrax Inc., Flex Catering, FoodStorm Catering Software, Gather Technologies Inc., Horizon Business Services Inc., Infor, Katerra Inc., OPTIMO software, Planning Pod, Profit Systems Inc., Pxier, Restaurant & Catering Systems, and Total Party Planner.
This report segments the catering software market as follows:
Global Catering Software Market: By Type Segment Analysis
Global Catering Software Market: By Deployment Mode Segment Analysis
Global Catering Software Market: By End-User Segment Analysis
Global Cloud-Based Payroll Software Market: By Regional Segment Analysis
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