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.

Improvements in order processing techniques and simplified payment processing and order management are some of the major factors driving the growth of the Food Service Management Software Market. Moreover, the rising demand for software solutions such as customer management, recipe management, inventory management, free accounting, kitchen order taking, along with POS solutions, is contributing to the growth of the Food Service Management Software Market. The Global Food Service Management Software Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Food Service Management Software Market Definition

Food service management software is a type of software that enables inventory control, receiving, purchasing, and recipe management for both public and private food service operations. It also allows food service providers to optimize the process, employees, clients, sales, inventory, and accounting. The software helps commercial food businesses such as cafeterias and food factories manage their operations. Food Service Management software help with smaller-scale tasks such as recipe creation and inventory management but they also help facilitate large-scale tasks such as business management, cost management, and pricing. Food service businesses and those who run their operations or kitchens use certain food service management tools to run their entire business, while others will need to supplement the software with additional tools.

Food service is a large sector, composed of many commercial and non-commercial stakeholders. The commercial segment makes up almost 80% of the restaurant and food service industry and includes businesses such as full-service restaurants, catering, stadiums, airlines, and cruise ships. The non-commercial segment prepares and serves food in support of some other establishment’s main purpose. Categories in this segment include catering in schools and universities, military, health care, business and industry, and clubs. Therefore, food service management is among the most challenging sectors in Food and Beverage as a whole. Customer retention, changing economies, shifting demographics, high workforce turnover, large-scale trends (such as food trucks, local food, and small plates), and wildly variable business costs are just some of the challenges the food service industry faces every day. The food service management software helps companies meet their day-to-day challenges.Food service management software can also be used with the integration of other tools and software such as food traceability software, food service distribution software, or catering software. Other business management tools such as accounting software, workforce management software, and business intelligence platforms can also be integrated with the food service management software.

Global Food Service Management Software Market Overview

Food Service Management Software Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period. The food service industry is highly competitive and restaurants are under constant pressure to increase efficiency, reduce costs, and improve customer satisfaction. Food service management software provides automation of tasks such as order processing, inventory management, and payment processing, which helps restaurants to improve their operational efficiency.Online ordering and delivery have become increasingly popular, and many consumers prefer to order food online. Food service management software solutions such as online ordering platforms and delivery management software help restaurants to manage online orders, delivery logistics, and payments, which has led to increased adoption of 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

To Get Summarized Market Report By Software-

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

On the basis of Geography, the Global Food Service Management Software Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for the largest market share in 2021. In the United States, food service management software is widely used by both quick-service restaurants (QSRs) and full-service restaurants to manage orders, inventory, and finances. POS systems like Toast, Square, and Revel are popular in the industry, while online ordering platforms like Grubhub, DoorDash, and Uber Eats are widely used for food delivery services. Restaurant management software like Upserve, TouchBistro, and Lightspeed are also popular among restaurants. The food service management software market in North America is highly competitive, with many players offering a wide range of software solutions for restaurants. The industry is also rapidly evolving with the introduction of new technologies such as 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