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Restaurant Management Software Market size is set to grow by USD 4.50 billion from 2023-2027, Growth of foodservice industry boost the market, Technavio

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NEW YORK, July 10, 2024 /PRNewswire/ — The global restaurant management software market size is estimated to grow by USD 4.50 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  15.85%  during the forecast period. Technological advancements such as AI and IoT are significantly influencing the landscape of restaurant management software. AI enables predictive analytics for inventory management and customer preferences, enhancing operational efficiency and personalized service. IoT devices, like smart kitchen appliances and connected POS systems, streamline data collection and real-time monitoring, improving decision-making and reducing costs. These innovations are pivotal amid the industry’s shift towards digital payments and the adoption of more sophisticated management systems, despite challenges associated with transitioning from traditional methods. Key players like Block Inc., Fiserv Inc., and Microsoft Corp. are leveraging these technologies to drive market growth

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Restaurant Management Software Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017 – 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.85%

Market growth 2023-2027

USD 4507.94 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

14.7

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 48%

Key countries

US, Canada, Germany, France, and UK

Key companies profiled

Block Inc., Cozy Infosystems Inc., Fiserv Inc., Fishbowl Inc., Fourth Enterprises LLC, GOFRUGAL, i3 Verticals Inc., International Business Machines Corp., Jolt Software Inc., Lavu Inc., Lightspeed Commerce Inc., Microsoft Corp., NCR Corp., Oracle Corp., Restaurant365 LLC, Revel Systems Inc., Technoheaven, Toast Inc., and TouchBistro Inc.

Market Driver

The foodservice industry’s shift towards digital transactions is a global trend, with Canada anticipating that digital payments will account for nearly 90% of total spending by 2030. To stay competitive, foodservice enterprises are integrating digital payment solutions into their operations. These solutions offer numerous benefits, such as an increase in online orders, operational ease, convenience in logistics, and a decrease in internal thefts. Restaurant management software plays a crucial role in facilitating cashless transactions, allowing businesses to capture valuable consumer data for insights and opportunities. Notable vendors in the restaurant management software market, including Clover by Fiserv, Microsoft, Square, and NCR Corp, offer contactless payment solutions. The market’s growth is expected to continue as digital transactions become increasingly common in the foodservice industry. 

The Restaurant Management Software market is experiencing significant growth due to priority given to digital solutions. Trends include digital menu boards, special dietary requests handled seamlessly, and POS systems integrating with food delivery websites like GrubHub, PostMates, and Zomato. IT budgets are seeing investments in touchscreen ordering solutions and mobile POS systems. Smartphones and internet penetration have increased disposable incomes, driving demand for AI-powered virtual assistants and IoT solutions. Cloud-based solutions from companies like ParTech, Inc, Jolt, and Brink POS dominate, offering administrative and promotional elements, order management, payment processing, and daily reconciliation. Security is a priority with data security features. Businesses focus on enhancing customer experiences and retention rates through front-end software segments, Android and iOS-based systems, and cross-platform technologies. Key players like KFC, Pizza Hut, and Domino’s are implementing voice-activated ordering systems and chatbots. 

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Market Challenges

To effectively manage customer interactions, restaurants require advanced software solutions. However, transitioning from traditional systems presents challenges. Firstly, a dedicated team is necessary for implementing and supporting the new system, adding to costs. Secondly, clear processes and security measures must be established to ensure proper implementation and data protection. Lastly, the software must align with the team’s culture and map users to the lead management applications. These challenges may hinder market growth during the forecast period.The Restaurant Management Software Market is experiencing significant growth due to increasing internet penetration and rising disposable incomes. Advanced technologies like artificial intelligence and virtual assistants are transforming the industry, with voice-activated ordering systems and chatbots becoming popular. Cloud-based solutions are gaining traction over on-premise systems, with companies like KFC, Pizza Hut, and Domino’s adopting these technologies. The front-end software segment is seeing strong demand, with Android and iOS-based software leading the way. Cross-platform technologies are essential for businesses to provide seamless customer experiences and improve customer retention rates. Administrative and promotional elements, order management, payment processing, daily reconciliation, and data security features are key functionalities. Business organizations require POS technology to enhance customer satisfaction and improve internal processes, including sales, labor, inventory data, and point-of-sale transactions. Digital transformation through web applications and mobile devices is essential to meet shifting consumer trends, offering individualized and customized services. Secured cards and data security features are crucial for maintaining customer trust. Companies like ParTech, Inc., Jolt, and Brink POS are leading the market with innovative solutions.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This restaurant management software market report extensively covers market segmentation by  

Deployment 1.1 On-premises1.2 Cloud-basedEnd-user 2.1 QSR2.2 FSR2.3 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 On-premises-  The Restaurant Management Software market is growing significantly due to the increasing demand for efficient and automated restaurant operations. This software streamlines various processes such as inventory management, table reservations, order taking, and payment processing. It helps restaurants reduce errors, save time, and improve customer satisfaction. Additionally, it provides valuable insights through data analytics, enabling better decision-making and strategic planning. Overall, it is a valuable investment for restaurant owners looking to optimize their business operations.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Restaurant Management Software market is prioritizing digital solutions to enhance customer experiences and streamline operations. Digital menu boards are becoming increasingly popular, allowing real-time menu updates and promotions. Special dietary requests are easily managed with advanced filtering and customization features. POS systems are integrated with touchscreen ordering solutions, enabling faster service and reducing errors. IT budgets are seeing investments in mobile POS systems, food delivery websites, and restaurant review sites to expand reach and improve online presence. Smartphones and internet penetration have fueled the demand for voice-activated ordering systems, chatbots, and artificial intelligence-powered virtual assistants. Cloud-based solutions and cross-platform technologies are key trends, offering flexibility and scalability. Android and iOS-based software cater to various restaurant needs, with advancements in front-end software segment and AI integration.

Market Research Overview

The Restaurant Management Software market is prioritizing digital solutions to enhance customer experiences and streamline operations. Digital menu boards are becoming increasingly popular, allowing for real-time menu updates and promotions. Special dietary requests are easily managed through POS systems, touchscreen ordering solutions, and food delivery websites like GrubHub, PostMates, and Zomato. IT budgets and investments in cloud-based solutions, artificial intelligence, and virtual assistants are on the rise. Mobile POS systems and voice-activated ordering systems cater to the growing use of smartphones and internet penetration. The front-end software segment, including Android and iOS-based software, is seeing significant growth due to cross-platform technologies. Restaurant review sites and customer experiences are key drivers for customer retention. The cloud segment and on-premise segment each offer unique benefits, with cloud-based solutions providing flexibility and on-premise solutions offering greater control. Administrative and promotional elements, order management, payment processing, daily reconciliation, and business organization are essential features for effective restaurant management. Data security, internal processes, sales, labor, inventory data, and point-of-sale technology are crucial for maintaining customer satisfaction and experience. Digital transformation continues to shape the industry, with web applications and mobile devices becoming essential tools for restaurants. Secured cards and shifting consumer trends towards individualized and customized services are also influencing the market. Key players in the market include ParTech, Inc, Jolt, and Brink POS.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloud-basedEnd-userQSRFSROthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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PS Hogan highlights investments from Spring Economic Update 2026: Canada Strong for All to support Canada’s sport system

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CALGARY, AB, May 2, 2026 /CNW/ – In Budget 2025, we outlined our plan to build Canada Strong. Since then, we have moved fast to build the major infrastructure, homes and industries that grow Canada’s economy and create lasting prosperity; empower Canadians with better careers and a more affordable life; and protect our communities, our borders and our way of life.

We delivered concrete savings for Canadians while supporting key national priorities and keeping investments focused on results. We are maintaining a strong fiscal position, with the Spring Economic Update 2026 showing that projected deficits are lower over the fiscal horizon and that we are on track to meet our fiscal anchors.

The Spring Economic Update 2026 is the next step in our plan to build Canada Strong for All. It provides a clear update on the strength of Canada’s economy, giving Canadians confidence in our plan. It delivers targeted relief to make life more affordable, support workers and accelerate the construction of homes and major infrastructure. It also strengthens Canada’s competitiveness and economic growth while investing in strong, safe communities across the country.

Today, Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation, met with athletes at Foothills Athletic Park to highlight key investments in sport from the Spring Economic Update to build stronger and safer communities.

The Government of Canada is investing $755 million to support and expand Canada’s sport system, which will help athletes safely train and perform at the highest levels. This will increase sport participation across the country by strengthening national sport organizations, infrastructure and local sport communities.

Canada’s new government is transforming our economy from reliance to resilience. The Spring Economic Update 2026 ensures all Canadians can participate in building Canada strong and share in its success. Other key measures include:

The Canada Strong Fund — Canada’s first national sovereign wealth fund. This will invest in key, strategic Canadian projects and companies. While Canadians will benefit from these nation building projects through jobs, economic growth and greater security, the government is determined to ensure that Canadians also have a stake in the projects themselves. That’s why a unique and important feature of the Canada Strong Fund will be its new retail investment product. This allows Canadians to receive financial returns as we build Canada strong together.Team Canada Strong — a new nationwide effort to recruit, train and hire 80,000 to 100,000 new skilled trade workers by 2030–31. This initiative creates new opportunities for Canadians and attracts the workers needed to build more homes and major projects at speed and at scale.Building Stronger Communities — by making communities safer, more connected and more resilient. We are building more homes, getting tougher on crime and fraud and funding essential infrastructure, including small craft harbours that sustain coastal communities and local jobs. We are also investing to build healthier, safer and stronger Indigenous communities.

Our new government is building a Canada that is not just strong, but good; not just prosperous, but fair. A Canada that is not just for some, most of the time, but for all, at all times. We’re building Canada strong, for all.

Quote

“The Spring Economic Update 2026 builds on the momentum of our budget, combining strategic investments with sustained fiscal discipline to keep building Canada Strong for All — delivering prosperity today and strengthening our economy for tomorrow. At this pivotal moment in Canada’s history, we’re charting a course through the fog of uncertainty and global headwinds with strength, determination and ambition — and building one strong Canadian economy, by Canadians, for Canadians.”
— The Honourable François-Philippe Champagne, Minister of Finance and National Revenue 

“The Government of Canada is building Canada Strong by investing in what brings us together — our people, our communities and our athletes. By strengthening the foundation of Calgary and  Canada’s sport system, we are building a resilient economy and strong communities for all.”
— Corey Hogan, Parliamentary Secretary to the Minister of Energy and Natural Resources and Member of Parliament for Calgary Confederation

Quick Facts

The Spring Economic Update 2026 proposes to provide $755 million over five years, starting in 2026–27, and $118 million ongoing to Canadian Heritage to support Canada’s sport system to: Host and compete with the best: $50 million over five years to bring more world-class sporting events to Canada. Funding will be tied to legacy-building projects that deliver lasting benefits well beyond the events themselves. Facilities built or upgraded for major events will continue to serve communities, support grassroots participation and strengthen local sport systems for years to come. Support our athletes in performing at the highest levels: $45 million over five years and $8 million ongoing to help our athletes train, compete and perform, including support for better mental health and funding that will be linked to robust safe sport measures and frameworks. These actions will strengthen the sport system and respond to some of the findings of the Final Report of the Future of Sport in Canada Commission while the government continues to consider all of its Calls to Action. Get more Canadians involved in sport: $660 million over five years and $110 million ongoing for National Sport Organisations, increasing funding that has remained largely unchanged since 2005, so that they can invest in a strong and safe sport system and grow participation among children and youth nationwide.

Related products

Spring Economic Update 2026: Canada Strong for AllSpring Economic Update 2026: Key MeasuresSpring Economic Update 2026: Address by the Minister of Finance and National Revenue  

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SOURCE Natural Resources Canada

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POVADDO AND PROLEGIS ANNOUNCE STRATEGIC PARTNERSHIP TO EXPAND ACCESS TO PUBLIC POLICY PROFESSIONALS FOR OPINION RESEARCH

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Partnership connects policy professionals using Prolegis’ modernized Congressional platform with Povaddo’s exclusive paid research panel, combining forces to serve the policymaking community

ST. LOUIS and WASHINGTON, May 2, 2026 /PRNewswire/ — Povaddo, a leading provider of public opinion and policy elite research, has announced a strategic partnership with Prolegis, a nonpartisan technology platform serving thousands of policy professionals in Congress and the advocacy community. The partnership will expand the reach of the Povaddo Panel—an exclusive network of nearly 5,000 public policy professionals worldwide—while providing Prolegis users new opportunities to contribute their expertise to policy research.

Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, the platform serves as a natural intersection where policy professionals and issue advocacy campaigns meet, making it an ideal environment for connecting researchers with the experts shaping public policy.

Beginning this month, users of the Prolegis platform will be invited to join the Povaddo Panel and become eligible to participate in research studies tailored specifically for public policy professionals.

“There is no shortage of so-called ‘expert network’ firms, but Povaddo is setting the standard when it comes to building the most rigorous and credible network of public policy professionals in the U.S. and beyond,” said William Stewart, President of Povaddo. “What makes Prolegis the right partner is the quality and relevance of their community—these are precisely the professionals our clients most want to hear from. Prolegis users are actively engaged in policy work daily, making them ideal participants for our research studies. This partnership will meaningfully accelerate our efforts.”

“Prolegis exists to serve the policy community with tools that make their work more effective,” said Jim Gianiny, CEO of Prolegis. “Partnering with Povaddo allows our users to contribute their expertise in a new way and take part in rigorous research that helps organizations better understand the policy landscape. It’s a natural extension of what our platform already does: connecting policy professionals with the resources and opportunities that matter to their work.”

Launched in 2018, the Povaddo Panel was built to meet growing demand for research insights from individuals who shape, influence, and analyze public policy as part of their daily work. Over the past eight years, the panel has grown to nearly 5,000 public policy professionals worldwide, including over 2,000 in the United States. Many panelists are former elected officials, including former Members of Congress.

This partnership is part of a broader period of momentum for Povaddo. The company recently announced it is launching a quarterly omnibus survey among public policy professionals in the United States and Europe.

“Companies and other organizations that want to understand what public policy professionals think—whether about their brand or an issue they are facing—now have a new way of doing that. Our new omnibus survey among public policy professionals fills an important need in the research services marketplace,” said Brooke Hayes, Executive Vice President of Povaddo, who oversees the Povaddo Panel and the firm’s new omnibus research service among public policy professionals.

Additionally, Povaddo recently released select findings from its survey of public policy professionals in the U.S. and Europe regarding their attitudes towards AI. In an era when political consensus is elusive, this study finds widespread agreement within policy communities on both sides of the Atlantic that government regulation of AI should be increased.

About Povaddo: Povaddo specializes in public opinion and policy elite research. Founded in 2009, Povaddo is recognized as a trusted advisor to top-tier organizations seeking to navigate complex issues management, strategic communications, corporate reputation, and business transformation challenges. Most of the firm’s clients sit within external affairs, corporate affairs, public affairs, government affairs, regulatory affairs, scientific affairs, corporate communications, business planning and strategy. For more information, please visit www.povaddo.com.

About Prolegis: Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, Prolegis delivers innovative solutions, efficient tools, and engaging content, all on one easy-to-use platform. The platform serves Congressional staff, think tank scholars, and public affairs professionals, creating a unique intersection where policy expertise and advocacy meet. For more information, please visit www.prolegis.com.

Media Inquiries: William Stewart, +1 (855) 768-2336, stewart@povaddo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/povaddo-and-prolegis-announce-strategic-partnership-to-expand-access-to-public-policy-professionals-for-opinion-research-302760432.html

SOURCE POVADDO LLC

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Technology

POVADDO AND PROLEGIS ANNOUNCE STRATEGIC PARTNERSHIP TO EXPAND ACCESS TO PUBLIC POLICY PROFESSIONALS FOR OPINION RESEARCH

Published

on

By

Partnership connects policy professionals using Prolegis’ modernized Congressional platform with Povaddo’s exclusive paid research panel, combining forces to serve the policymaking community

ST. LOUIS and WASHINGTON, May 2, 2026 /PRNewswire/ — Povaddo, a leading provider of public opinion and policy elite research, has announced a strategic partnership with Prolegis, a nonpartisan technology platform serving thousands of policy professionals in Congress and the advocacy community. The partnership will expand the reach of the Povaddo Panel—an exclusive network of nearly 5,000 public policy professionals worldwide—while providing Prolegis users new opportunities to contribute their expertise to policy research.

Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, the platform serves as a natural intersection where policy professionals and issue advocacy campaigns meet, making it an ideal environment for connecting researchers with the experts shaping public policy.

Beginning this month, users of the Prolegis platform will be invited to join the Povaddo Panel and become eligible to participate in research studies tailored specifically for public policy professionals.

“There is no shortage of so-called ‘expert network’ firms, but Povaddo is setting the standard when it comes to building the most rigorous and credible network of public policy professionals in the U.S. and beyond,” said William Stewart, President of Povaddo. “What makes Prolegis the right partner is the quality and relevance of their community—these are precisely the professionals our clients most want to hear from. Prolegis users are actively engaged in policy work daily, making them ideal participants for our research studies. This partnership will meaningfully accelerate our efforts.”

“Prolegis exists to serve the policy community with tools that make their work more effective,” said Jim Gianiny, CEO of Prolegis. “Partnering with Povaddo allows our users to contribute their expertise in a new way and take part in rigorous research that helps organizations better understand the policy landscape. It’s a natural extension of what our platform already does: connecting policy professionals with the resources and opportunities that matter to their work.”

Launched in 2018, the Povaddo Panel was built to meet growing demand for research insights from individuals who shape, influence, and analyze public policy as part of their daily work. Over the past eight years, the panel has grown to nearly 5,000 public policy professionals worldwide, including over 2,000 in the United States. Many panelists are former elected officials, including former Members of Congress.

This partnership is part of a broader period of momentum for Povaddo. The company recently announced it is launching a quarterly omnibus survey among public policy professionals in the United States and Europe.

“Companies and other organizations that want to understand what public policy professionals think—whether about their brand or an issue they are facing—now have a new way of doing that. Our new omnibus survey among public policy professionals fills an important need in the research services marketplace,” said Brooke Hayes, Executive Vice President of Povaddo, who oversees the Povaddo Panel and the firm’s new omnibus research service among public policy professionals.

Additionally, Povaddo recently released select findings from its survey of public policy professionals in the U.S. and Europe regarding their attitudes towards AI. In an era when political consensus is elusive, this study finds widespread agreement within policy communities on both sides of the Atlantic that government regulation of AI should be increased.

About Povaddo: Povaddo specializes in public opinion and policy elite research. Founded in 2009, Povaddo is recognized as a trusted advisor to top-tier organizations seeking to navigate complex issues management, strategic communications, corporate reputation, and business transformation challenges. Most of the firm’s clients sit within external affairs, corporate affairs, public affairs, government affairs, regulatory affairs, scientific affairs, corporate communications, business planning and strategy. For more information, please visit www.povaddo.com.

About Prolegis: Prolegis provides nonpartisan technology solutions designed to modernize Congress. Built specifically for the policymaking community, Prolegis delivers innovative solutions, efficient tools, and engaging content, all on one easy-to-use platform. The platform serves Congressional staff, think tank scholars, and public affairs professionals, creating a unique intersection where policy expertise and advocacy meet. For more information, please visit www.prolegis.com.

Media Inquiries: William Stewart, +1 (855) 768-2336, stewart@povaddo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/povaddo-and-prolegis-announce-strategic-partnership-to-expand-access-to-public-policy-professionals-for-opinion-research-302760432.html

SOURCE POVADDO LLC

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