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Restaurant Point of Sale Terminals Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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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 of7% over the forecast period 2019 to 2029. Global Restaurant Point of Sale Terminals Market Introduction R
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 of7% over the forecast
period 2019 to 2029.
Global Restaurant Point of Sale Terminals Market Introduction
Restaurant point of sale (POS) terminals are utilised to improve efficiency by error
reduction in order placements and billing transactions. Various vendors are
developing POS systems for smart devices like iPads and tablets integrated with
features like inventory tracking, order management, customer data, analytics etc.
Global Restaurant Point of Sale Terminals Market Overview
Product-wise, the market is categorised as mobile POS terminal and fixed POS
terminal. Mobile POS terminal segment dominate the market owing to the ease that
this terminal provides for placing orders and performing transactions without the
inconvenience that consumers have to face during peak times.
Based on the type of component, the market is fragmented into hardware and
software. Software solutions like hotel property management system (PMS) offer
fully integrated technological capabilities to restaurant owners for seamless business
operations which is why the software market segment majorly influences the
market.
Depending on the type of application, the market is bifurcated into FSR, QSR, bars &
pubs and cafes & bistros. QSRs need to provide high volume products in a short time
span and at a lower price as compared to their competitors. The POS terminals
assists the QSRs in understanding consumer demands and providing faster customer
services thus keeping them at the forefront in this competitive market.
North America is a Rapidly Growing Market and is Estimated to Showcase a High
CAGR Value During the Forecast Period
Restaurant industry is rapidly expanding in the North American region. Additionally,
the presence of vendors providing POS software services is on a rise in the region
leading to the augmentation of the market significantly.
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Global Restaurant Point of Sale Terminals Market Segmentation:
1. By Region
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North America
Europe
Asia Pacific
Latin America
Rest of the World
2. By Product
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o
o
o
Mobile POS Terminal
Fixed POS Terminal
Cash Counter Terminals
Vending Machines
Self-Serve Kiosks
3. By Component
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o
o
o
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Hardware
Touch Screen/Desktop
Swipe Card Machine
Others
Software
4. By Application
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Full Service Restaurant (FSR)
Quick Service Restaurant (QSR)
Bars & Pubs
Cafes & Bistros
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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
Emerging players which are growing rapidly
New Entrants
Key Market Players:
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VeriFone Systems
TouchBistro Inc.
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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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