The Restaurant Point-of-Sale (POS) Terminal Market is Expected to
Portland, OR, Sept. 27, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the restaurant point of sale (POS) terminal market accumulated profits worth $16.5 billion in 2021 and are expected to reach $44.6 billion by 2031, registering a CAGR of 10.8% from 2022 to 2031. The market research provides a detailed analysis of changing industry trends, most important segments, value chain analysis, major investment business scenarios, regional space and competitive space. The study is a key source of information for giant players, entrepreneurs, shareholders and owners to generate new strategies for the future and take action to improve their market position. The report presents an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly changing industry.
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Report coverage and details:
|Market size in 2021||$16.5 billion|
|Market size in 2031||$44.6 billion|
|Number of pages in the report||534|
|Segments Covered||Component, deployment model, type, application, end user and region|
|Drivers||Increased acceptance of digitized transactions and point-of-sale terminals|
|Point of sale tools help restaurant owners streamline sales, food inventory, cash flow and accounting processes|
|Growing need for efficient operations of payment gateways, table reservations and order management|
|Opportunities||Acceptance of POS terminals in restaurants to improve operational efficiency|
|Technological breakthroughs in POS terminals such as the inclusion of automations and machine learning tools|
|Increased preference for cashless transactions and transparent business functions|
|Constraints||High Acquisition Costs and Security Risks of POS Terminals|
- The COVID-19 pandemic has created a modern impact on the growth of the global restaurant point-of-sale (POS) terminal market with a large number of restaurants adopting POS terminals in a bid to meet social distancing norms.
- The massive reliance on digital systems in restaurants during the COVID-19 pandemic has driven global market trends.
The report offers a detailed segmentation of the global Restaurant Point of Sale (POS) Terminal market on the basis of component, deployment model, type, application, end-user, and region. It provides in-depth analysis of each segment and sub-segment in tables and figures through which consumers can draw conclusion about market trends and outlook. Market report analysis helps organizations, investors, and entrepreneurs to understand which sub-segments are to be tapped to achieve huge growth in the coming years.
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In terms of components, the hardware segment was the largest in 2021, accounting for nearly three-fifths of the overall global restaurant point-of-sale (POS) terminal market share. Moreover, this segment is expected to maintain its dominant position during the forecast period. Moreover, the software segment is expected to register the highest CAGR of 13.5% from 2022 to 2031.
Based on deployment mode, the on-premises segment held the largest share in 2021, contributing more than two-thirds of the overall restaurant point-of-sale (POS) terminal market. Moreover, this segment is expected to account for the highest market share by 2031. Furthermore, the cloud segment is also expected to register the fastest CAGR of 13.8% during the forecast period.
On an end-user basis, the full-service restaurant (FSR) segment held the largest share in 2021, contributing more than half of the global restaurant point-of-sale (POS) terminal market share . Additionally, this segment is expected to account for the highest market share by 2031. Additionally, the Quick Service Restaurant (QSR) segment is expected to register the Highest CAGR of 14.0% during the forecast period
Based on region, the Asia-Pacific continent contributed the highest market share in 2021, accounting for more than a third of the global restaurant point-of-sale (POS) terminal market share. The Asia-Pacific market is expected to dominate the regional market for the foreseeable future. The restaurant point-of-sale (POS) terminal market in Asia-Pacific is expected to register the fastest CAGR of 13.2% during the forecast period. The report also analyzes regions such as LAMEA, North America and Europe.
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Key Players of Global Restaurant Point of Sale (POS) Terminal Market examined in the research include Aures Group, Diebold Nixdorf, Incorporated, Hewlett Packard Enterprise Development LP, INGENICO, Lightspeed Management Company, LLC, NCR Corporation, Oracle, Panasonic Corporation, PAX Technology Limited, Posist Technologies Pvt. Ltd., Posiflex Technology, Revel Systems, Shift4, Squirrel System and Touch Dynamic.
The report assesses these major players in the global Restaurant Point of Sale (POS) Terminal industry. These players have implemented a range of major business strategies such as expanding regional and customer bases, launching new products, strategic alliances and joint ventures to expand product lines in global markets. The market research report supports tracking the performance of each segment, the positioning of each product in the respective segments, and the impact of new technologies and product innovations on the overall market size.
Main benefits for stakeholders:
- This report provides a quantitative analysis of market segments, current trends, estimates and forecast dynamics of the Restaurant POS Terminal market from 2021 to 2031 to identify the Restaurant POS Terminal market opportunities. sale for restaurants.
- In addition to market research, important drivers, restraints and opportunities are also covered.
- Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Restaurant POS Terminal market segmentation helps to determine the existing market opportunities.
- Based on their contribution to global market revenue, major countries in each region are mapped.
- The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
Key Segments of the Restaurant Point of Sale (POS) Terminal Market:
- magnetic card machine
- Touch screen/desktop
- Professional services
- Managed Services
By deployment mode:
- Self-service kiosks
- Cash terminals
Per end user:
- Full Service Restaurant (FSR)
- Quick Service Restaurant (QSR)
- Institutional RSF
- North America (United States, Canada and Mexico)
- Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland and Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia and Rest of Asia Pacific)
- LAMEA (Latin America, Middle East and Africa)
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