Dublin, June 23, 2023 (GLOBE NEWSWIRE) -- The "Restaurant Point Of Sale Terminal Market Size, Share & Trends Analysis Report By Product (Fixed & Mobile), By Component, By Deployment, By Application, By End-user, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global restaurant point of sale terminal market size is expected to reach USD 38.16 billion by 2030. The market is anticipated to expand at a CAGR of 8.0% from 2023 to 2030. The need to accelerate inventory tracking, multiple payment options, quick service, automated analysis, centralized recipe, menu management, and Customer Relationship Management (CRM) is enhancing the demand in the restaurant Point-of-Sale (POS) terminal industry.
The COVID-19 pandemic decelerated the market growth owing to the closed restaurant operations while only the online order system was in-service. The restaurant sector started its recovery in 2021 and POS vendors have adopted new approaches to introduce beneficial features for creating the recovery roadmap for restaurants.
Restaurants, bars, and food service providers rely highly on POS technology to track sales, products, operations, and inventory. Touchscreen ordering technology is ideal to ensure precise procurement of customer orders. The POS technology tends to account for the largest portion of the restaurants' IT budgets and investments, as it serves as an important tool to track sales. Large restaurants including nightclubs, dining restaurants, hotels, cafes, breweries, pubs, wineries, and casinos have high-priced menus, and customers prefer card payment in such a scenario. Therefore, the menu price and size of the restaurants act as a stimulus to augment the demand for restaurant POS terminals.
Restaurants' POS terminals for back-end and front-end operations can be deployed separately to segregate the workload and keep administrative task management at the back-end. This also helps in securing sensitive business information and in control of the management to avoid a data breach. Furthermore, the rise in the number of Full-Service Restaurants (FSRs) and Quick Service Restaurants (QSRs) in major cities across the world is promoting the adoption of restaurant POS terminals.
Moreover, new demand is being generated for POS terminals as some of the largest QSR vendors such as Starbucks, Dunkin' Donuts, Pizza Hut, McDonald's, Wendy's, Subway, KFC, and Burger King are expanding their business and opening new outlets across the world. The restaurant POS terminal streamlines everyday operations for these large QSRs that need to keep their inventory loaded due to the rising number of customers consuming fast foods. Hence, the POS system deployment benefits QSRs by facilitating quick order placement and payment processing while also supporting similar services for online orders. For instance, the PNC Financial Services Group, Inc. acquired Linga a point-of-sale payments solutions firm that provides cloud-based restaurant operating solutions. Through this acquisition, both firms aim to expand corporate payment facilities as well as investment solutions.
Restaurant Point Of Sale Terminal Market Report Highlights
- POS demand in QSRs is expected to witness modest growth exceeding 8.5% CAGR over the forecast period. This demand is attributed to the rise in the number of small and large QSRs worldwide, a trend expected to continue amidst the pandemic
- The swipe card machine segment is expected to account for approximately USD 8,142.0 million by 2030. The need to provide secure and quick cashless payment options to customers is expected to contribute to the segment's growth. Moreover, social distancing during the pandemic is expected to boost demand for cashless payment options using POS terminals
- Asia Pacific is anticipated to expand at 9.9% CAGR over the forecast period. Increasing usage of credit/debit cards as a payment option along with a rise in the number of quick-service restaurants is expected to favor regional demand over the next few years. The POS industry is anticipated to capitalize on the opportunities in countries including Japan, South Korea, India, and Vietnam
- The key players include Ingenico Group (acquired by Worldline); PAX Technology Ltd.; Verifone Systems Inc.; NCR Corp.; EposNow; Harbortouch Payments, Aireus Inc.; Aireus Inc; Dinerware, Inc.; Posist; LLC; LimeTray; POSsible POS; Posera, ShopKeep (acquired by LightSpeed); Toshiba Corp.; Upserve, Inc.; and TouchBistro
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 153 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $20.31 Billion |
| Forecasted Market Value (USD) by 2030 | $38.16 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Information Procurement
1.3 Information Analysis
1.3.1 Data Analysis Models
1.4 Market Formulation and Data Visualization
1.5 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Location Intelligence Market- Industry Snapshot & Key Buying Criteria, 2018 - 2030
2.2 Market Outlook
2.3 Location Intelligence Market, 2018 - 2030
Chapter 3 Market Variables, Trends & Scope
3.1 Restaurant Point-of-sale Terminal Market - Market Size and Growth Prospects
3.2 Industry Value Chain Analysis
3.3 Restaurant Point-of-sale Terminal Market - Market Dynamics
3.3.1 Market Driver Analysis
3.3.1.1 Growing Demand For Mobile POS Terminals In Restaurants
3.3.1.2 Multiple Functions Provided By POS For Restaurant Management
3.3.1.3 Gradual Shift Toward Emv-Based Cards
3.3.2 Market Restraint/Challenges Analysis
3.3.2.1 Data Security Concerns
3.3.2.2 Connection Reliability
3.4 Restaurant Point-Of-Sale Terminal Market Penetration & Growth Prospect Mapping (Key Opportunity Prioritized)
3.5 Business Environmental Analysis Tools
3.5.1 Industry Analysis - Porter's Five Forces
3.5.2 Pestel Analysis
3.7 Covid-19 Impact Analysis
Chapter 4 Product Estimates And Trend Analysis
4.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Million)
4.2 Product Analysis & Market Share, 2022 & 2030 (USD Million)
4.3 Fixed
4.4 Mobile
4.4.1 Mobile Market, 2018 - 2030
Chapter 5 Component Estimates And Trend Analysis
5.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Million)
5.2 Service Analysis & Market Share, 2022 & 2030 (USD Million)
5.3 Hardware
5.4 Software
5.4.1 Software Market, 2018 - 2030
Chapter 6 Deployment Estimates And Trend Analysis
6.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Million)
6.2 Service Analysis & Market Share, 2022 & 2030 (USD Million)
6.3 Cloud
6.4 On-Premise
Chapter 7 Application Estimates And Trend Analysis
7.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Million)
7.2 Service Analysis & Market Share, 2022 & 2030 (USD Million)
7.3 Front-End
7.4 Back-End
Chapter 8 End-user Estimates and Trend Analysis
8.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
8.2 Service Analysis & Market Share, 2022 & 2030 (USD Million)
8.3 Full-Service Restaurant (FSR)
8.4 Quick Service Restaurant (QSR)
8.5 Institutional
8.6 Others
Chapter 9 Restaurant Point-of-sale Terminal Regional Estimates & Trend Analysis
9.1 Regional Market Size Estimates & Forecasts, 2018 - 2030 (USD Million)
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Latin America
9.6 Middle East & Africa
Chapter 10 Competitive Analysis
10.1 Company Profiles
10.2 PAX Technology Limited
10.3 Verifone Systems Inc.
10.4 NCR Corporation
10.5 Revel Systems
10.6 Aireus Inc.
10.7 Dineware, Inc.
10.8 Posist
10.9 EposNow
10.10 LimeTray
10.11 Possible POS
10.12 Oracle Corporation
10.13 Posera
10.14 ShopKeep (acquired by LightSpeed)
10.15 Squirrel Systems
10.16 Touch Bistro
10.17 Upserve, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/qudswz
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
