Currently, due to the cost of raw materials and the employment of family members, the demand for going to restaurants and buying food from caterings has increased. The result of this increase in demand is the crowded restaurants while their increasing number, so managing this volume of orders is very important. Restaurant management software is a group of software in the food industry that manages the restaurant more optimally. In addition, it provides information on the number of orders and daily customers together with order status, cost analysis, inventory management and payment facilities based on their features.
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Market / Industry segment of restaurant management software
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2018 | 2.4 | 8 | 13.30% | Verified market research |
| 2018 | 2.67 | 7 | 14.60% | Grand view research |
| 2018 | 2.281 | 6 | 14.30% | Zion market research |
| 2018 | 2.67 | 7 | 14.60% | Million Insights |
| 2018 | 2.67 | 7 | 14.60% | PR news wire |
Influencing factors that changes market size of restaurant management software
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of restaurant management software
Direct drivers:
- Technology adoption
- Growing focus on customer relationship management
- Increasing demand for restaurant and fast food
Reverse drivers:
- Lack of awareness
- High software costs
Your startup has crossed Death Valley, and it has had at least 2 funding rounds? Discounted Cash Flows (DCF)
Your startup has had at least one funding round, you are advised to use Multiples method for valuation.
Your startup is at pre-seed and seed funding rounds, you are advised to use the Score Cards Method, Risk Factors Summation method to value your startup.
This market may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of restaurant management software may also be threatened by following risks:
- Reputation risk
- Competition risk
- Manufacturing risk
- Reputation risk
- Technology risk
