Europe Catering Software Market

Market Introduction

Germany, France, Italy, Russia, and the UK are among the major countries in Europe. Western Europe is known for its improved living conditions and high-income levels among masses. The Western Europe is one of the wealthiest regions in Europe, with more GDP per capita than the other parts. Europe witnessed promising results for tech investments in 2019, despite economic slowdowns in UK and EU. European tech investments have grown by 124% over the past five years, with a rise of 39% between 2018 and 2019, reaching $34.3 billion in capital investment in 2019. Europe's software development services are experiencing steady demand owing to factors such as increased adoption of IT and telecommunication, as well as digital transformation and automation. Further, in February 2020, the European Commission presented their strategic plan to shape Europe’s digital future. The key objective of the plan is to develop a European society empowered by digital solutions, offer lucrative opportunities for the businesses, have a human-centric approach as a basis, and boost the design of trustworthy and advanced technologies.

Spain, Italy, Germany, UK, and France are some of the worst affected member states in the European region due to the COVID-19 outbreak. Foodservice Businesses in the region are facing severe economic difficulties as they had either to suspend their operations or reduce their activities in a substantial manner. Owing to business shutdown, the region is experienced an economic slowdown in 2020. As the restrictions were uplifted the food service industry did experience a positive growth. Meanwhile, the recent imposition of containment measure owing to the spread of newly mutated strain might further hamper the market in this region as governments again initiated containment measures in December 2020, which ultimately affected the foodservice and tourism industry. Thus, the spread of newly mutated strain of COVID-19 is anticipated to affect the catering software market till first two quarters of 2021

Market Overview and Dynamics

The catering software market in Europe is expected to grow from US$ 39.18 million in 2020 to US$ 124.93 million by 2027; it is estimated to grow at a CAGR of 13.7% from 2019 to 2027. Increment Integration of Payment Gateway. The payment gateways are broadly used in cashless transactions, and they allow online retail platforms to collect cash via consumer’s bank, without compromising sensitive data. The gateways are becoming increasingly popular with the flexibility to buy products and ability to facilitate smooth delivery at consumer's place. Growing use of smartphone devices in the market is one of the key factors boosting the adoption of payment gateways systems. Online payment system providers are collaborating with several catering software companies to provide secure and reliable services. Online payments are relatively popular as most consumers use mobiles to pay for goods. Several popular e-payment options are used for mobile digital purchases. Payment gateway companies in these countries offer comprehensive e-payment solutions to various catering software providers to catch with the wave of technological developments. Further, the market growth is attributed to the advancements in payment gateway technology and an increase in the number of mobile wallets being launched. The rising integration of catering software into payment gateway systems and continuous improvements in billing methods further fuel the demand for this software. This is bolstering the growth of the catering software market.

Key Market Segments

In terms of application type, the Restaurants and Hotels segment accounted for the largest share of the Europe catering software market in 2019. In terms of application type, the Restaurants and Hotels segment held a larger market share of the catering software market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the catering software market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aptus Systems Ltd, Flex Catering, FooStorm Catering Software (Caterxpress), Profit Systems Inc., Pxier.

Reasons to buy report

• To understand the Europe Catering Software Market landscape and identify market segments that are most likely to guarantee a strong return
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe Catering Software Market
• Obtain market revenue forecast for market by various segments from 2019-2027 in Europe region.

Europe Catering Software Market Segmentation             

Europe Catering Software Market – By Deployment Type

• Cloud
• On-Premises

Europe Catering Software Market – By Application Type

• Caterers
• Restaurants and Hotels
• Others

Europe Catering Software Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe Catering Software Market-Companies Mentioned

• Aptus Systems Ltd.
• Flex Catering
• FooStorm Catering Software (Caterxpress)
• Profit Systems Inc.
• Pxier

Europe Catering Software Market Strategic Insights

Europe Catering Software Market Segmentation Analysis

Europe Catering Software Market Report Highlights

Europe Catering Software Report Scope

Europe Catering Software Market Country and Regional Insights