Global Restaurant Point-of-Sale (POS) Terminals Market Scope Report

Global Restaurant Point-of-Sale (POS) Terminals Market Size, Forecast, and Trend Highlights Over 2023 - 2033

The global restaurant point-of-sale (POS) terminals market is estimated to garner a revenue of ~ USD 45 billion by the end of 2033 by growing at a CAGR of ~11% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~ USD 17 billion in the year 2022. A restaurant POS system comes with software and hardware that helps in complete restaurant management. The large-scale installation of restaurant POS is the primary factor driving the growth of the global restaurant point-of-sale (POS) terminals market. It was observed that in 2022 installing a new POS remains a priority among ~33% of restaurants.

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Restaurant businesses are in search of platforms offering advanced and flexible features and mobility. One of the main motivations for restaurants to install a POS is the ability to accept advanced payment types facilitating contactless payment.

Global Restaurant Point-of-Sale (POS) Terminals Market: Growth Drivers and Challenges

Growth Drivers

• Expansion of the Restaurant Industry – For instance, it is estimated that as of 2021, the United States (U.S.) alone has over 660,930 restaurants. Lately, this growth is being accelerated by the increase in online ordering of food, the incorporation of robots in restaurants, the efforts to reduce food wastage, and the changing food trends, all promoted adequately through social media. With a restaurant POS system, the business owner can simplify a range of industry-specific functions, including taking orders, managing the floor plan, reservations, doing inventory counts, and pricing their menu.

• Growth of Online Food Delivery – It is observed that the pandemic brought about an increase of ~68% in the total digital restaurant delivery worldwide.

• Growing Popularity of mPOS (Mobile Point-of-Sale) – About 36% of restaurants considers the adoption of mPOS as a priority for 2022.

• Efficient Integration of Loyalty Program – It has been observed that POS is used by ~87% of restaurants for loyalty programs, discounts, and upselling.

Challenges

• High costs for customer acquisition

• Concerns over safety from cyberattacks

• Glitches with the Software and Printers

The global restaurant point-of-sale (POS) terminals market is segmented and analyzed for demand and supply by deployment mode into cloud and on-premise. Between these, the on-premise segment is anticipated to hold the largest market size by the end of 2033. The large usage of on-premise infrastructure is the primary reason for the segmental growth. For instance, as of 2022, ~99% of business is observed to be relying on IT infrastructures on-premise. Onetime payment, the independence from internet, and the ability to customize the software are the main reasons for the adoption of on-premise POS by restaurants.

Global Restaurant Point-of-Sale (POS) Terminals Market Regional Synopsis

Regionally, the global restaurant point-of-sale (POS) terminals market is studied into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2033. The noticeable shift to cashless payments, expanded food delivery services, huge disposable income, and favorable demography are the factors driving the regional market growth. For instance, by 2023, cashless transactions in the Asia Pacific are expected to amount to USD 491 billion.

Market Segmentation

Our in-depth analysis of the global restaurant point-of-sale (POS) terminals market includes the following segments:

Key Companies Dominating the Global Restaurant Point-of-Sale (POS) Terminals Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global restaurant point-of-sale (POS) terminals market that are included in our report are AURES Group, Diebold Nixdorf, Incorporated, HP Development Company, L.P., Ingenico Inc., Lightspeed Commerce Inc., NCR Corporation, Oracle Corporation, Panasonic Corporation of North America, PAX Technology, Inc., Posist Technologies Pvt. Ltd., and others.

Global Restaurant Point-of-Sale (POS) Terminals Market: Latest Developments

• June, 2022: Posist Technologies Pvt. Ltd – announced being recognized as a Leader in the Summer 2022 Grid Report by G2 that evaluated restaurant management software and restaurant POS.

• May, 2022: NCR Corporation – announced the launch of their cloud-based POS solution, the NCR Aloha Cloud, incorporating features, including a small handheld device, refreshed user interface (UI), seamless payment processing, and more.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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