Europe Catering Software Market
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
Strategic insights for the Europe Catering Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 39.18 Million |
| Market Size by 2027 | US$ 124.93 Million |
| Global CAGR (2019 - 2027) | 13.7% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Catering Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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.
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
The Europe Catering Software Market is valued at US$ 39.18 Million in 2020, it is projected to reach US$ 124.93 Million by 2027.
As per our report Europe Catering Software Market, the market size is valued at US$ 39.18 Million in 2020, projecting it to reach US$ 124.93 Million by 2027. This translates to a CAGR of approximately 13.7% during the forecast period.
The Europe Catering Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Catering Software Market report:
The Europe Catering Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Catering Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Catering Software Market value chain can benefit from the information contained in a comprehensive market report.
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