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.
This report contains market size and forecasts of Tip Distribution Software in Global, including the following market information:
Global Tip Distribution Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Tip Distribution Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Tip Distribution Software include Kickfin, Dolce Software, Tip Haus, 7shifts, Cloudme Software Solution, Evention, GraTrack, Netclues and Netspend, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Tip Distribution Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Tip Distribution Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Tip Distribution Software Market Segment Percentages, by Type, 2021 (%)
Cloud Based
On Premises
Global Tip Distribution Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Tip Distribution Software Market Segment Percentages, by Application, 2021 (%)
Restaurants
Bars
Others
Global Tip Distribution Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Tip Distribution Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Tip Distribution Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Tip Distribution Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Kickfin
Dolce Software
Tip Haus
7shifts
Cloudme Software Solution
Evention
GraTrack
Netclues
Netspend
Payouts Network
SoftTouch
TipMeOut
Tipnpost
DirectTIPS Operations