Global Restaurant Point of Sale (POS) Terminal Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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May 2023
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This report was compiled by Vishwa Gaul Vishwa is an experienced market research and consulting professional with over 8 years of expertise in the ICT industry, contributing to over 700 reports across telecommunications, software, hardware, and digital solutions. Correspondence Team Lead- ICT Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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The Restaurant Point of Sale (POS) Terminal Market 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 2031.
The Restaurant Point of Sale (POS) Terminal Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, and 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.
Restaurant Point of Sale (POS) Terminal Market Overview:
“The Restaurant Point of Sale (POS) Terminal Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The 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 the 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 the 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 the growth of the global restaurant point of sale terminal market over the forecast period.
However, concerns related to data privacy and security are major factors restraining the growth of the global restaurant point of sale terminal market.
Additionally, network connectivity issues especially in developing economies are another factor expected to hamper the growth of the target market over the forecast period.
A major and growing trend in the market is the development of QuickBooks which helps restaurants to monitor total sales, inventory management, payment, payroll, and CRM information. This factor is expected to drive the growth of the global market over the forecast period.
The market in North America is expected to account for the highest share in terms of revenue and is expected to maintain its dominance over the forecast period.
This dominance can be attributed to the 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 the Asia Pacific is expected to register significant growth in the target market over the forecast period, owing to the 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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn - Fixed POS terminal
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- 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
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