Restaurant Point Of Sale Terminal Market Share Report & Forecast 2029

 

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

The factors driving growth of the Restaurant Point-of-Sale Terminal Market includes increasing deployment of point-of-sale systems at restaurants, breweries, and nightclubs, rise in the volume of contactless payment transactions, growing popularity of online food delivery applications such as Swiggy, Zomato and Uber Eats and improvements in the living standards. Moreover, technological advancements in point-of-sale systems, Point of Sale Terminals offer online orders, e-wallets, table reservations and loyalty programs, rising focus by restaurants on streamlining operations, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic collaborations between enterprises and growing disposable incomes, are further contributing towards the market growth.

However, growth of the Restaurant Point-of-Sale Terminal Market is hindered due to problems related to connection reliability.

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

Based on Product, the Mobile emerged as the fastest growing segment during the forecast period

Mobile based point of sale solutions reduces operational costs, enhances service labels, and provides higher return on investments, are some of the factors propelling Restaurant Point of Sale Terminal Market size.

Based on Deployment, the On-premise is projected to dominate the market over the forecast period

Growing adoption of computers, tablets, and smartphones for smoothening day to day operations, is pushing segment’s growth.

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

As per the Restaurant Point-Of-Sale Terminal Market Report, increasing number of online food delivery platforms across India, China, and Malaysia, growing adoption of contactless payment services, rapid urbanization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

 

Key Developments

• In 2020, TouchBistro developed “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 acquired TableUp, a loyalty and branding solutions company located in Boston, with the intention of integrating TableUp’s service into its POS restaurant management platform.

 

 

 

 

Market Segmentation

Segmentation by Product

• Mobile
• Fixed

Segmentation by Deployment

• On Cloud
• On-premise

Segmentation by Application

• Front end
• Back end

Segmentation by End-User

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

Segmentation by Region

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

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