Tip distribution software, also referred to as tip pooling or gratuity management software, automates the process of tipping out service industry workers at the end of their shifts and reduces the need for physical cash payouts. Most commonly used by restaurants, these tools eliminate hours of manual labor by tracking the number of hours worked and automatically distributing tips to workers’ bank accounts. These tools reduce payroll burden and instances of tip disparity due to an error or theft and expedite the process of paying out tips to employees by connecting securely to their bank accounts or debit cards. Additionally, most tip distribution software allows managers to handle tips across multiple locations and utilize reporting features to mitigate risks.
Tip distribution softwares are commonly sold as point solutions that integrate with restaurant POS systems or restaurant management software or related tools for other hospitality business types, but may also be bundled into a larger platform’s functionality.
Market Analysis and Insights: Global and United States Tip Distribution Software Market
This report focuses on global and United States Tip Distribution Software market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Tip Distribution Software market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, by Type, Cloud Based accounting for % of the Tip Distribution Software global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While by Application, Restaurants was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
In United States the Tip Distribution Software market size is expected to grow from US$ million in 2021 to US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
Global Tip Distribution Software Scope and Market Size
Tip Distribution Software market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Tip Distribution Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Tip Distribution Software market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type, the Tip Distribution Software market is segmented into
Cloud Based
On Premises
Segment by Application, the Tip Distribution Software market is segmented into
Restaurants
Bars
Others
Regional and Country-level Analysis
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Competitive Landscape and Tip Distribution Software Market Share Analysis
Tip Distribution Software market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2017-2022. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2017-2022. Details included are company description, major business, company total revenue and the sales, revenue generated in Tip Distribution Software business, the date to enter into the Tip Distribution Software market, Revenue in Tip Distribution Software Business (2017-2022) & (US$ Million) introduction, recent developments, etc.
The major vendors covered:
Kickfin
Dolce Software
Tip Haus
7shifts
Cloudme Software Solution
Evention
GraTrack
Netclues
Netspend
Payouts Network
SoftTouch
TipMeOut
Tipnpost
DirectTIPS Operations
Table of Contents
1 Study Coverage
1.1 Tip Distribution Software Revenue in Tip Distribution Software Business (2017-2022) & (US$ Million) Introduction
1.2 Global Tip Distribution Software Outlook 2017 VS 2022 VS 2028
1.2.1 Global Tip Distribution Software Market Size for the Year 2017-2028
1.2.2 Global Tip Distribution Software Market Size for the Year 2017-2028
1.3 Tip Distribution Software Market Size, United States VS Global, 2017 VS 2022 VS 2028
1.3.1 The Market Share of United States Tip Distribution Software in Global, 2017 VS 2022 VS 2028
1.3.2 The Growth Rate of Tip Distribution Software Market Size, United States VS Global, 2017 VS 2022 VS 2028
1.4 Tip Distribution Software Market Dynamics
1.4.1 Tip Distribution Software Industry Trends
1.4.2 Tip Distribution Software Market Drivers
1.4.3 Tip Distribution Software Market Challenges
1.4.4 Tip Distribution Software Market Restraints
1.5 Study Objectives
1.6 Years Considered
2 Tip Distribution Software by Type
2.1 Tip Distribution Software Market Segment by Type
2.1.1 Cloud Based
2.1.2 On Premises
2.2 Global Tip Distribution Software Market Size by Type (2017, 2022 & 2028)
2.3 Global Tip Distribution Software Market Size by Type (2017-2028)
2.4 United States Tip Distribution Software Market Size by Type (2017, 2022 & 2028)
2.5 United States Tip Distribution Software Market Size by Type (2017-2028)
3 Tip Distribution Software by Application
3.1 Tip Distribution Software Market Segment by Application
3.1.1 Restaurants
3.1.2 Bars
3.1.3 Others
3.2 Global Tip Distribution Software Market Size by Application (2017, 2022 & 2028)
3.3 Global Tip Distribution Software Market Size by Application (2017-2028)
3.4 United States Tip Distribution Software Market Size by Application (2017, 2022 & 2028)
3.5 United States Tip Distribution Software Market Size by Application (2017-2028)
4 Global Tip Distribution Software Competitor Landscape by Company
4.1 Global Tip Distribution Software Market Size by Company
4.1.1 Top Global Tip Distribution Software Companies Ranked by Revenue (2021)
4.1.2 Global Tip Distribution Software Revenue by Player (2017-2022)
4.2 Global Tip Distribution Software Concentration Ratio (CR)
4.2.1 Tip Distribution Software Market Concentration Ratio (CR) (2017-2022)
4.2.2 Global Top 5 and Top 10 Largest Companies of Tip Distribution Software in 2021
4.2.3 Global Tip Distribution Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.3 Global Tip Distribution Software Headquarters, Revenue in Tip Distribution Software Business (2017-2022) & (US$ Million) Type
4.3.1 Global Tip Distribution Software Headquarters and Area Served
4.3.2 Global Tip Distribution Software Companies Revenue in Tip Distribution Software Business (2017-2022) & (US$ Million) Type
4.3.3 Date of International Companies Enter into Tip Distribution Software Market
Summary: Get latest Market Research Reports on Tip Distribution Software. Industry analysis & Market Report on Tip Distribution Software is a syndicated market report, published as Global and United States Tip Distribution Software Market Report & Forecast 2022-2028. It is complete Research Study and Industry Analysis of Tip Distribution Software market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.