Restaurant Point-of-Sale Terminal Market

The Restaurant Point-of-Sale Terminal Market is expected to witness a CAGR of approximately 8.5% during the forecast period, 2022-2029.

To have an edge over the competition by knowing the market dynamics and current trends of “Restaurant Point-of-Sale Terminal Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global restaurant point-of-sale terminal market include increasing adoption of online food ordering through digital platforms with a surge in the shifting of traditional businesses to digital one. The point-of-sale restaurant terminal is used throughout the restaurant to track sales, food inventory, cash flow and help to simplify bookkeeping enormously. Growing online sales through the platforms such as Swiggy, Zomato, Grubhub, Deliveroo, and Uber Eats to reduce third-party commissions which have aided the overall growth of the market. For instance, Grubhub is one of the leading player of the industry, witnessed an increase in revenue $507.8 million, or 39%, to $1.8 billion for the year ended December 31, 2020.

Restaurant point-of-sale terminal involves installing stationary or mobile POS systems to reduce the time needed to record sales and generate tax returns daily. Furthermore, POS systems management of customer relationship management (CRM) software collects customer information automatically to create frequent updates and generate sales reports in the restaurants.

Restraint in the Restaurant Point-of-Sale Terminal Market

However, lack of business restaurant sector due to temporary shutdowns in several countries. Additionally, the point of sale terminals has the problem of connection reliability and it requires reliable internet connection may hamper the global restaurant point-of-sale terminal market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Product – Segment Analysis

Based on the product, mobile is expected to grow at the fastest rate in the global restaurant point-of-sale terminal market during the forecast.  This is majorly due to the rising table turns, less operation cost, and improved service label, which has surged the market’s growth. In addition, the higher return of investment in the long run-in terms of customer preference has compelled the restaurant owners to adopt the POS terminals.

Deployment – Segment Analysis

Based on the deployment, on premise segment is projected to capture the largest market share over the forecast period in the global restaurant point-of-sale terminal market due to the increasing adoption of digital devices such as laptops, computers, tablets, and smartphones at restaurants for optimizing the restaurant day-to-day operations is witnessing potential demand for the on-premises segmental growth.

End-User – Segment Analysis

Based on the end-user, full-service restaurant (FSR) is expected to capture the largest market share in the global restaurant point-of-sale terminal market in upcoming years due to the rise in consumer spending and changing urban lifestyles and increased adoption of the digital technology in these restaurants.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Asia-Pacific region is expected to strengthen the global restaurant point-of-sale terminal market growth due to rising demand by the increasing population with the surge in adoption of the online food delivery platforms. For instance, China’s food delivery apps have the largest users and market penetration, reaching over 650 million people. On the other hand, COVID-19 has a negative impact on market growth, with sluggish ’s revenue losses in the restaurant industry. Several small-scale restaurants in Asian nations have begun to be using the digital kiosk and tablet-based POS systems to show menus, take orders, improve efficiency, and improve customer service.

Top Market Players

Various notable players operating in the market, include, PAX Technology Limited, Epos Now, Verifone Systems Inc., Clover POS, TouchBistro, Aireus Inc., Lightspeed POS, ShopKeep, Square, Dinerware, Inc., and among others. 

Key Developments:

• • In 2020, TouchBistro launched “Restaurant Recovery Navigator” as a go-to information source to help restaurateurs manage their businesses in the face of an outbreak that affects their future growth.
  • In 2020, TouchBistro has completed the acquisition of TableUp, a loyalty and branding solutions company located in Boston, with the intention of integrating TableUp’s service into its POS restaurant management platform.

Segments covered in the Report:

The global restaurant point-of-sale terminal market has been segmented based on product, deployment, application, end-user and key regions. Based on product, the market is segmented into mobile, and fixed. Based on deployment, the market is segmented into on cloud, and on premise. Based on application, the market is segmented into front end, and back end. Based on End-User the market is segmented into quick service restaurant (QSR), full-service restaurant (FSR), institutional FSR. 

For detailed scope of the “Restaurant Point-of-Sale Terminal Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global restaurant point-of-sale terminal market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in restaurant point-of-sale terminal market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global restaurant point-of-sale terminal market?
  • Which product generated maximum revenues in 2021 and identify the most promising product during the forecast period?
  • What are the various deployment of global restaurant point-of-sale terminal market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues Currency (2021)	USD Million
Market Bae Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Deployment, By Application, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	PAX Technology Limited, Epos Now, Verifone Systems Inc., Clover POS, TouchBistro, Aireus Inc., Lightspeed POS, ShopKeep, Square, Dinerware, Inc., and among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Restaurant Point-of-Sale Terminal Market by Product

• • Mobile
  • Fixed

Global Restaurant Point-of-Sale Terminal Market by Deployment

• • On Cloud
  • On-premise

Global Restaurant Point-of-Sale Terminal Market by Application

• • Front end
  • Back end

Global Restaurant Point-of-Sale Terminal Market by End-User

• • Quick Service Restaurant (QSR)
  • Full-Service Restaurant (FSR)
  • Institutional FSR

Global Restaurant Point-of-Sale Terminal Market by Region

• • North America Restaurant Point-of-Sale Terminal Market (Option 1: As a part of the free 25% customization)
    • By Product
    • By Deployment
    • By Application
    • By End-User
    • US Restaurant Market All-Up
    • Canada Restaurant Market All-Up
  • Europe Restaurant Point-of-Sale Terminal Market (Option 2: As a part of the free 25% customization)
    • By Product
    • By Deployment
    • By Application
    • By End-User
    • UK Restaurant Market All-Up
    • Germany Restaurant Market All-Up
    • France Restaurant Market All-Up
    • Spain Restaurant Market All-Up
    • Rest of Europe Restaurant Market All-Up
  • Asia-Pacific Restaurant Point-of-Sale Terminal Market (Option 3: As a part of the free 25% customization)
    • By Product
    • By Deployment
    • By Application
    • By End-User
    • China Restaurant Market All-Up
    • India Restaurant Market All-Up
    • Japan Restaurant Market All-Up
    • Rest of APAC Restaurant Market All-Up
  • RoW Restaurant Point-of-Sale Terminal Market (Option 4: As a part of the free 25% customization)
    • By Product
    • By Deployment
    • By Application
    • By End-User
    • Brazil Restaurant Market All-Up
    • South Africa Restaurant Market All-Up
    • Saudi Arabia Restaurant Market All-Up
    • UAE Restaurant Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Restaurant Market All-Up

Major Players Operating in the Restaurant Point-of-Sale Terminal (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • PAX Technology Limited
  • Epos Now
  • Verifone Systems Inc.
  • Clover POS
  • TouchBistro
  • Aireus Inc.
  • Lightspeed POS
  • ShopKeep
  • Square
  • Dinerware, Inc.