Restaurants and Hotels Segment to Dominate Europe Catering Software Market during 2019–2027

According to a new market research study on “Europe Catering Software Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User,” is expected to reach US$ 124.93 million by 2027 from US$ 39.18 million in 2020. The market is estimated to grow at a CAGR of 13.7% from 2017 to 2027.The report provides trends prevailing in the Europe Catering Software Market along with the drivers and restraints pertaining to the market growth. Increment Integration of Payment Gateway are the major factor driving the growth of Europe catering software market. However, Increasing Security Concerns hinder the growth of Europe catering software market.

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.

The Europe catering software market is segmented on the basis of deployment type, end user. On the basis of deployment type the market is segmented as cloud, on-premises. Cloud segment dominate the market. On the basis of end user, the market is segmented as caterers, restaurants and hotels, others. Restaurants and hotels segment dominate the market.

Aptus Systems Ltd., Flex Catering, FooStorm Catering Software (Caterxpress), Profit Systems Inc., Pxier are among the leading companies in the Europe catering software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Flex Catering Introduced catering KDS (Kitchen Display System) which is a type of a digital screen that replaces printed or handwritten ticket orders in restaurants and food businesses.

The report segments the Europe Catering Software Market as follows:

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