Global Food Service Management Software Market Size By Software (Front End Software, Accounting & Cash Flow, Purchasing & Inventory Management, Table & Delivery Management, Employee Payroll & Scheduling), By Deployment Mode(Cloud-Based and On-Premises), By Geographic Scope And Forecast

Food Service Management Software Market Size And Forecast

Food Service Management Software Market size was valued at USD 1.11 Trillion in 2024 and is projected to reach USD 2.88 Trillion by 2031, growing at a CAGR of 12.13% from 2024 to 2031.

So, what's making the Food Service Management Software Market take off? Well, better ways to handle orders and easier payments, plus streamlined order management, are big reasons. But it's not just that! More and more restaurants want software to help with things like customer relationships, recipe organization, and keeping track of inventory. Features like free accounting, kitchen order taking, and POS solutions are also really driving demand. If you want the full picture, the Global Food Service Management Software Market report breaks it all down. It looks at all the important parts – segments, trends, what's helping and hurting the market, who the big players are, and everything that's really making a difference.

Global Food Service Management Software Market Definition

So, what exactly is food service management software? Think of it as your all-in-one helper for running a restaurant or any place that serves food, whether it's a public cafeteria or a private catering company. This kind of software helps you keep tabs on inventory, manage deliveries (receiving), handle purchasing, and even create and tweak recipes. It's all about making things easier! With this software, food service businesses can really get the most out of their processes, employees, customers, sales, stock, and even their accounting. It's super helpful for big commercial kitchens, like the ones in cafeterias or big food factories, helping them manage everything. Food Service Management software can assist with simple tasks like recipe design and keeping track of your ingredients. Plus, they tackle major issues like business management, cost control, and setting the right prices. Some food service spots can run their entire business with these tools, while others might need to add a few extra pieces of software to get everything just right.

The food service world is huge, with tons of players, both those in it for profit and those who aren't. The businesses trying to make money make up the bulk of it – like, almost 80% – and include everything from full-service restaurants and catering companies to places like stadiums, airlines, and even cruise ships. Then you've got the non-profit side, where food is served to support another goal, like school cafeterias, military bases, hospitals, corporate dining rooms, and private clubs. That's why food service management is such a tough job in the whole food and beverage scene. Keeping customers happy, dealing with economic ups and downs, understanding different groups of people, handling employee turnover, and keeping up with trends like food trucks and local ingredients while managing ever-changing costs are just a few of the things these folks juggle daily. To help tackle those challenges, there's food service management software. And the cool thing is, it can work with other programs too, like food traceability software, food service distribution software, or even catering software. You can even hook it up to accounting software, workforce management software, and business intelligence platforms to get a really clear picture of your business.

Global Food Service Management Software Market Overview

The Food Service Management Software Market is really taking off! It's been growing quickly lately, and experts predict it will keep growing strong in the years ahead. Running a restaurant is tough – everyone's competing, and you've always got to find ways to be more efficient, cut expenses, and make customers happy. That's where food service management software comes in. It automates things like taking orders, managing your inventory, and processing payments, which can seriously boost your restaurant's performance. Plus, with online ordering and delivery becoming so popular, many people prefer ordering food online. Food service management software, with features like online ordering platforms and delivery management tools, helps restaurants handle online orders, manage deliveries, and process payments, which is why more and more places are using these solutions.

With the growing importance of data analytics, restaurants are adopting software solutions that provide insights into customer behavior, inventory management, and financial performance. Food service management software provides real-time data analytics that help restaurants make informed decisions and improve their profitability.

The COVID-19 pandemic has accelerated the adoption of food service management software as restaurants have been forced to pivot to takeout and delivery services to stay afloat. Software solutions such as contactless ordering and payment options have become increasingly important as restaurants look to minimize contact and maintain social distancing measures.Cloud-based food service management software solutions have become increasingly popular due to their flexibility, scalability, and cost-effectiveness. Cloud technology allows restaurants to access their data and software applications from anywhere with an internet connection, which provides greater flexibility and mobility.

Overall, the market for food service management software is growing because these solutions help restaurants to improve their efficiency, reduce costs, and enhance the customer experience. As technology continues to evolve, we can expect to see more advanced software solutions emerge that will further improve the efficiency and effectiveness of food service management.

Global Food Service Management Software Market Segmentation Analysis

The Global Food Service Management Software Market is segmented based on Software, Deployment Mode, and Geography.

Food Service Management Software Market, By Software

• Front End Software• Accounting & Cash Flow• Purchasing & Inventory Management• Table & Delivery Management• Employee Payroll & Scheduling• Others

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Based on Software, the market is bifurcated into Front End Software, Accounting & Cash Flow, Purchasing & Inventory Management, Table & Delivery Management, Employee Payroll & Scheduling, and Others. Front End Software accounted for the largest market share in 2021. One major advantage of cloud-based food services management software is that it allows restaurants to access their data and software applications from anywhere with an internet connection. This means that restaurant staff can manage orders, inventory, and finances from a variety of devices and locations, which can increase flexibility and productivity.

Another advantage of cloud-based food services management software is that it can be more cost-effective than traditional on-premises software solutions. Cloud-based software eliminates the need for expensive hardware and IT infrastructure, and it often allows businesses to pay for only the software features they need on a subscription basis.

Food Service Management Software Market, By Deployment Mode

• Cloud-based• On-Premises

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Based on Deployment Mode, the market is bifurcated into Cloud-based and On-Premises. Cloud-Based accounted for the largest market share in 2021. One major factor driving the adoption of front-end food service management software is the growing popularity of online ordering and delivery services. With more and more customers opting to order food online, restaurants are adopting software solutions to manage those orders and streamline the ordering process.

Another factor driving the adoption of front-end food service management software is the need to increase efficiency and reduce costs. By automating tasks such as order processing and inventory management, restaurant staff can focus on other tasks, which can lead to cost savings and increased productivity.

Food Service Management Software Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

So, when we look at the Global Food Service Management Software Market, we can break it down geographically into a few key regionsNorth America, Europe, Asia Pacific, and, well, the rest of the world. Turns out, North America was the big cheese back in 2021, grabbing the largest slice of the market. Especially in the United States, you see this software everywhere, from your favorite QSR to that fancy full-service restaurant downtown. They're using it to handle everything – orders, keeping track of inventory, and even the nitty-gritty finances. For POS systems, think big names like Toast, Square, and Revel. And when it comes to getting your food delivered? Platforms like Grubhub, DoorDash, and Uber Eats are the go-to. Let's not forget restaurant management software like Upserve, TouchBistro, and Lightspeed – those are pretty popular too. All this means the North American market is super competitive, with tons of companies offering all sorts of solutions. Plus, the whole industry is changing fast, thanks to cool new stuff like artificial intelligence, automation, and analytics!

Key Players

The “Global Food Service Management Software Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Abbott Laboratories, CBORD, FoodPro (Aurora Information Systems), Computrition, JAMIX, Galley, MealSuite, Agilysys, MarketMan, Inc, FoodCo Software, Restaurant Systems Pro.

 The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In July 2021, FlytBase will be officially launching FlytZip, an on-demand, last-mile aerial delivery software solution. With FlytZip, drone solution providers (DSPs) would be able to deploy and manage multiple deliveries end to end using the UAV hardware of their choice, an industry first.

• In November 2020, CBORD, a provider in campus card and foodservice technology, is partnering with Tacit, a digital ordering provider, to further broaden digital ordering in education while streamlining payment management services across school campuses. Tacit now offers its foodservice ordering opportunities to many campus professionals and students through integration with the CBORD platform.

Merger & Acquisitions

• In July 2021, Ali Holding S.r.l., one of the largest and most diversified global leaders in the foodservice equipment industry, and Welbilt, Inc. announced that they have entered into a definitive merger agreement under which Ali Group will acquire Welbilt in an all-cash transaction for $24.00 per share, or approximately $3.5 billion in aggregate equity value and $4.8 billion in enterprise value.

• In January 2021, SPX FLOW, Inc., a leading provider of process solutions for the food, beverage, and industrial markets, announced that it has completed the acquisition of UTG Mixing Group, the maker of Stelzer, Uutechnic, and Jamix mixing solutions for the chemical, food, metallurgical and fertilizer, environmental technology, water treatment, and pharmaceuticals markets.

Report Scope

Research Methodology of Market Research