Global Restaurant Point of Sale (POS) Terminal Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global restaurant point of sale terminal market in its upcoming report titled, “Global Restaurant Point of Sale Terminal Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global restaurant point of sale terminal market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global restaurant point of sale terminal market report has been segmented on the basis of product, component, deployment type, end user, and region.

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Restaurant point of sale terminal is a combination of devices and integrated software. Restaurant point of sale (POS) devices are used for processing card payments, sales, inventory management, and customer data management. Also, restaurant POS terminals can be used for table reservations, menu and order management, restaurant staff management, and order delivery management.

Growing acceptance of restaurant POS systems owing to its various benefits to restaurants and their owners for billing, cost management, inventory management, and staff management is a major factor driving growth of the global restaurant point of sale terminal market. In addition, growing preference for card based transactions and increasing adoption of network connected smart devices across the globe are other factors expected to boost growth of the global market over the forecast period.

Moreover, low deployment cost and user friendly interface of POS terminals are some other factors expected to fuel growth of the global restaurant point of sale terminal market over the forecast period.

However, concerns related to data privacy and security is a major factor restraining growth of the global restaurant point of sale terminal market. Additionally, network connectivity issues especially in developing economies is another factor expected to hamper growth of the target market over the forecast period.

Major and growing trend in the market is development of QuickBooks that helps restaurants to monitor total sale, inventory management, payment, payroll, and CRM information. This factor is expected to drive growth of the global market over the forecast period.

The market in North America is expected to account for highest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to growing adoption of restaurant point of sale terminals and advancements in technology used in restaurant point of sale systems in countries in the region. The market in Asia Pacific is expected to register significant growth in the target market over the forecast period, owing to increasing number of restaurants adopting POS terminals and increasing government support for digitalization in emerging economies such as China and India.

Global restaurant point of sale terminal market segmentation:

By Product:

• Fixed POS terminal
  • Self-serve kiosks
  • Cash counters terminal
  • Vending machine
• Mobile POS terminal

 By Component:

• Hardware
• Software

By Deployment type:

• On-cloud
• On-premise

By End User:

• Fast food restaurants
• Casual dining restaurants
• Fine dining restaurants
• Others (Bars and pubs, cafes, and food trucks)

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Ingenico Group
• VeriFone Systems, Inc.
• NCR Corporation
• Revel Systems, Inc.
• TouchBistro, Inc.
• VeriFone Systems, Inc.
• Oracle Corporation
• Aireus Inc.
• Action Computer Systems, Inc.
• Harbortouch Payments, LLC