The Restaurant Point of Sale Terminal by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Restaurant Point of Sale Terminal,
The restaurant point of sale terminal market size has grown strongly in recent
years. It will grow from $29.57 billion in 2023 to $31.64 billion in 2024 at a
compound annual growth rate (CAGR) of 7.0%.
The growth in the historic period
can be attributed to efficiency and accuracy in transactions, streamlining
order management, inventory management, enhanced customer experience, menu
customization, compliance with regulations..
The restaurant point of sale terminal market size is expected to see strong
growth in the next few years. It will grow to $42.79 billion in 2028 at a
compound annual growth rate (CAGR) of 7.8%.
The growth in the forecast period can be attributed to customer loyalty
programs, data-driven personalization, enhanced offline capabilities,
sustainability and green initiatives, global expansion and multi-language
support.. Major trends in the forecast period include integration with online
ordering platforms, contactless payments, enhanced kitchen display integration,
focus on customer relationship management (crm), self-service kiosks and
ordering stations, customization and scalability..
Increasing demand for mobile POS systems is expected to propel the growth of
the restaurant POS terminal market going forward. Mobile POS systems refer to
wireless devices and smartphone-related devices that perform the functions of a
cash register and an electronic POS terminal wirelessly. The increase in demand
for mobile POS systems automatically increases demand for the restaurant -point
of sale terminal market as they use mobile POS systems. For instance, according
to Emizen Tech, an India-based company that provides industrial processes and
technologies to assist clients, due to the epidemic, there has been an increase
in mobile POS systems, and the number of individuals utilizing mobile eWallets
to make payments has increased from 900 million to 1.48 billion in 2021. Mobile
wallets were used in 25.7% of POS transactions. Within three years, it is
predicted to rise by 33.4%. There are 1.5 billion people who are using QR codes
for payment. Therefore, the increasing demand for mobile POS systems drives the
restaurant POS terminal market.
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The restaurant point of sale terminal market covered in this report is
segmented –
1) By Product: Fixed, Mobile
2) By Deployment Mode: Cloud, On Premise
3) By Component: Software, Hardware, Services
4) By End User: Fast Service Restaurants (FSR), Quick Service Restaurant (QSR),
Other End Users
Technological advancements have emerged as a key trend gaining popularity in
the restaurant POS terminal market. Major companies operating in the restaurant
POS terminal market are focused on new technological solutions to meet consumer
demand and sustain their position. For instance, in June 2022, Openbravo, a
Spain-based cloud-based software provider specializing in retail and
restaurants, introduced Point-of-Sale (POS) for quick service restaurants and
fast casual resturants to provide rapid services to enhance efficiency and
profit margins. Openbravo’s Point-of-Sale (POS) is a cloud-based system that is
capable of offering speed, customer service, and operational efficiency that
are well-suited to multi-location quick service and fast-casual restaurants due
to its scalable architecture feature.
The restaurant point of sale terminal market report table of contents includes:
1. Executive Summary
2.
Restaurant Point of Sale Terminal Market Characteristics
3.
Restaurant Point of Sale Terminal Market Trends And Strategies
4.
Restaurant Point of Sale Terminal Market - Macro Economic Scenario
5. Global
Restaurant Point of Sale Terminal Market Size and Growth
.
31. Global Restaurant Point of Sale Terminal Market Competitive Benchmarking
32. Global
Restaurant Point of Sale Terminal Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Restaurant Point of Sale Terminal Market
34.
Restaurant Point of Sale Terminal Market Future Outlook and Potential Analysis
35.
Appendix
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