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Restaurant Point of Sale Terminals Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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The Global Restaurant Point of Sale Terminals Market is estimated to value over USD 24 billion by 2029 end and is expected to register a CAGR of 7% over the forecast period 2019 to 2029. The restaurant point of sale (POS) terminals improve the effic
Restaurant Point of Sale Terminals Market Global Trends, Market Share, Industry
Size, Growth, Opportunities, and Market Forecast 2019 to 2029
The Global Restaurant Point of Sale Terminals Market is estimated to value over USD
24 billion by 2029 end and is expected to register a CAGR of 7% over the forecast
period 2019 to 2029.
The restaurant point of sale (POS) terminals improve the efficiency of business
operations of restaurant owners by carrying out operations such as employee
scheduling, inventory management, customer relationship management (CRM) and
table management. This system offers solutions to a variety of restaurants like
nightclubs, cafes, fine dining restaurants, pubs, casinos, breweries and wineries.
Factors Influencing the Market
Full-service restaurants (FSR) offer multicuisine dishes due to presence of customers
from around the world. So there is a growing requirement for effective inventory and
sales management solutions resulting into an increase in demand for point of sale
terminals. Furthermore, adoption of various technological advancements like EMVenabled devices and flexible payments using contactless chip cards has increased the
demand for POS terminals worldwide.
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Insights on Global Restaurant Point of Sale Terminals Market
1. By Region
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North America
Europe
Asia Pacific
Latin America
Rest of the World
The Asia Pacific region is expanding in the market at a rapid rate as a result of a
growing number of quick service restaurants (QSR) in the region. Countries like India,
who have a variety of food preferences and specialities, has resulted in the
establishment of multiple restaurant outlets who have integrated POS terminals in
their business operations thus inflating market proliferation.
2. By Product
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Mobile POS Terminal
Fixed POS Terminal
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o
o
Cash Counter Terminals
Vending Machines
Self-Serve Kiosks
Mobile POS terminal dominate the market owing due to advantages like mobile
wallet payments, easy migration to EMV, cost-effective, accommodation of the
growing transaction volumes and improved security.
3. By Component
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Hardware
o Touch Screen/Desktop
o Swipe Card Machine
o Others
Software
The software component segment is projected to showcase significant market
growth owing to the growing requirements of software solutions for enhancing
hardware accessibility and compatibility of various components integrated in the
system. Additionally, these software solutions provide user the authority to perform
several business functions like stock or sales reporting, customer and order
management, staff engagement and payment statistics.
4. By Application
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Full Service Restaurant (FSR)
Quick Service Restaurant (QSR)
Bars & Pubs
Cafes & Bistros
The FSR and QSR segments dominate the global market owing to the market
penetration of these segments into emerging economies like India and China. QSRs
like McDonald’s and Pizza Hut require online payment portals so that they can
perform sales at a faster rate with least intervention from the consumers at the
counters and thus it increases the demand of POS terminals.
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Competitive Landscape:
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Tier 1 players- established companies in the market with a major market
share
Tier 2 players
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Emerging players which are growing rapidly
New Entrants
TouchBistro provides POS solutions based on tablets and iPads with services like
cash management, order tracking, inventory management, etc. for QSRs.
Furthermore, Intuit Inc. and Revel Systems established a partnership to develop
QuickBooks which is an online POS system for restaurants. This system assists
restaurants impulsively sync their sales, payment, inventory, CRM and payroll
information.
Key Market Players:
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VeriFone Systems
TouchBistro Inc.
Panasonic Corp.
NCR Corp.
Toshiba Corp.
Samsung Electronics Co.
Intuit Inc.
FutureWise Key Takeaways
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With the advent of initiatives like Digital India, the consumers will shift from
cash payments to mobile wallet payments which shall assist the restaurant
POS terminal market to flourish
FSRs and QSRs are expanding in developing economies and have proposed
plans to expand in underdeveloped economies from the African region which
shall support the market growth considering the factor that the advanced
services like mobile wallets are introduced in these regions
Objectives of the Study:
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To provide with an exhaustive analysis on the restaurant POS terminal market
by region, by product, by component, by application
To cater comprehensive information on factors impacting market growth
(drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North
America, Europe, Asia Pacific, Latin America and rest of the world
To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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