Title: Restaurant POS Terminals Market 2024: Industry Analysis, Size, Share, Growth, Global Trends and Forecast
1Restaurant Point of Sale Terminals Market Size to
exceed 25 bn by 2024 growing at CAGR of 13
2Key Insights from Restaurant Point of Sale
Terminals Market
- Technological advancements and rising adoption of
advanced payment technologies across the
restaurant sector is driving the restaurant point
of sale terminals market size. The restaurant
outlets are dependent on the technologies that
will enhance their business operations with
minimum operational and installation costs. The
mobile solutions are the perfect technologies
catering to such requirements. Several developers
in the restaurant POS terminals market are
engaged in developing solutions to provide
effective tableside technologies to FSRs. - Moreover, the restaurant point of sale terminals
market players are engaged in developing software
solutions that can be incorporated into the
payment terminals to support several business
processes such as accounting book-keeping,
daily sales tracks order management, managing
staff accounts, etc. The software base installed
in these integrated systems helps to control,
manage, and operate the hardware components and
other peripheral devices. The players offer these
modern solutions to their customers to improve
business operations and enhance the customer
dining experience.
3Continued
The cafes bistros are experiencing a
significant growth in the restaurant (point of
sale) POS terminals market. Increasing young
customers in these food outlets are driving the
businesses of these cafes. These food stalls
offer an ambient environment and seating
facilities that allow the young crowd to spend
time quality time. Such factors are encouraging
the café owners to implement modern solutions
that will attract more customers. The major
franchised cafés such as Café Coffee Day and
Starbucks have adopted fixed countertop solutions
due to their self-service business process,
allowing customers to order and pay their
restaurant bills at the counter. However, small
cafes operating in specific areas and catering to
a smaller customer crowd are moving toward mobile
solutions due to the price sensitivity and
maintenance costs associated with fixed
solutions. Several players in the restaurant
point of sale terminals market, such as Shopify,
are introducing software solutions specifically
developed for these coffee shops.
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5China restaurant POS terminals market, by
application, 2017 2024 (USD Million)
6Major Companies in Restaurant Point of Sale
Terminals Market
- Diebold Nixdorf
- Ingenico Group
- Micros Systems Inc.
- NEC Corporation
- NCR Corporation
- PAR Technology Corporation
- Panasonic Corporation
- Samsung Electronics Co.Ltd.
- PAX Technology
- Square Inc.
- Toast Inc.
- TouchBistro Inc.
- VeriFone Systems Inc.
- Toshiba Corporation
7Industry Coverage
8Regional Insights in Restaurant Point of Sale
Terminals Market
- The North America restaurant (point of sale) POS
terminals market is predicted to witness a high
growth due to the increasing number of food
outlets. Countries including the U.S. and Canada
are experiencing an increased number of food
outlets to cater to a high consumption rate of
the fast food items among the citizens. According
to the National Restaurant Association, it was
estimated that in 2017, there were around 1
million restaurant locations in the country.
These outlets are adopting advanced technological
solutions to offer flexible payment solutions to
their customers, providing an impetus to the
restaurant POS terminals market. Moreover,
increased spending capability of Canadians at
restaurants, bars, and cafes is expected to drive
the business of the restaurant industry in the
country. In 2017, it was estimated that people
spent around USD 54 billion at these food
outlets. It was also estimated that the countrys
food away from home category amounted to 36 of
the overall food expenses in 2017. Such factors
are predicted to accelerate the market growth.
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