Overview

Restaurant Point of Sale Terminals Market Overview:

The 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 2020 to 2029.

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.

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.

Restaurant Point of Sale Terminals Market Segmentation:

By Region

North America
Europe
Asia Pacific
Latin America
Rest of the World

By Product

Mobile POS Terminal
Fixed POS Terminal
Cash Counter Terminals
Vending Machines
Self-Serve Kiosks

By Component

Hardware
Touch Screen/Desktop
Swipe Card Machine
Others
Software

By Application

Full Service Restaurant (FSR)
Quick Service Restaurant (QSR)
Bars & Pubs
Cafes & Bistros

Competitive Landscape:

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:

VeriFone Systems
TouchBistro Inc.
Panasonic Corp.
NCR Corp.
Toshiba Corp.
Samsung Electronics Co.
Intuit Inc.

FutureWise Key Takeaways:

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:

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