Restaurant POS Terminals Market to Hit 13% CAGR to 2024 | Diebold Nixdorf, Ingenico Group, Micros Systems, NEC Corporation, NCR Corporation, Panasonic Corporation, Samsung Electronics, Square, Toshiba

The global restaurant POS terminals market is anticipated to garner substantial returns in the forthcoming years owing to the increase in the number of eateries and fast-food chains along with technological advancements in the hospitality sector.

Over the last few years, there has been striking growth in the number of restaurants and fast-food outlets owing to the rising trend of eating out and fine dining. This development can be attributed to people’s changing lifestyle patterns and surging disposable incomes. Also, the burden of cooking and tight work schedules seems to divert the working population to eateries. This trend is further supported by increasing costs of vegetables, fruits, and whole grains, while several fast-food outlets continue to offer more dollar-saving deals.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1534294/

Meanwhile, a report by the Department of Economic Development unveiled a 9.7 percent increase in Dubai's restaurant and café sector over the past year. Undoubtedly, hospitality sector is the strongest element of Dubai's economy as the country caters to people from around the world. Since, restaurants often require effective sales and inventory management, this trend will present a lucrative growth opportunity for the global restaurant POS terminals market.

Moreover, the growing adoption of software tools at food outlets will drive the restaurant POS terminals market. Several hardware components including cash drawers, barcode scanners, card readers, etc., are being operated through software programs. Manufacturers in the industry are offering customized software tools for food outlets that suit their business operations. For instance, NCR Corporation is offering Aloha POS that connects all business operations on a single and intuitive platform to keep the business efficient, fast, and responsive.

The North America restaurant POS terminals market is experiencing rapid growth due to the increased number of food outlets in this region. The fast-food consumption rate of citizens in the U.S. and Canada is growing at a fast pace due to a rise in the Food-Away-From-Home (FAFH) category of individuals. Such individuals are dependent on several food outlets for their breakfast, lunch, and dinner, which will drive the number of restaurant outlets in the country. These food outlets are witnessing increased requirement of the payment terminals, thereby propelling the restaurant POS terminals market growth.

The applications of these payment solutions in QSRs are high owing to a rise in the number of fast-food outlets including McDonald?s, Pizza Hut, KFC, etc. These companies are incorporating integrated countertop models that allow them to provide self-service to their customers. It allows customers to order and pay the restaurant bills at the counter using a single solution. Moreover, the rapid expansion of these food outlets in several countries is expected to drive the restaurant POS terminals market. For instance, in January 2018, McDonald?s announced its plan to open around 1,000 stores worldwide. Currently, McDonald?s owns approximately 15,000 franchise stores in the U.S alone.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1534294/

In the restaurant POS terminals market, mobile solutions are experiencing high adoption owing to increased requirements for advanced technologies to improve the customer experience and satisfaction levels. These mobile solutions help food outlets to offer tableside payment and ordering facilities. They also provide several advantages to the food centers including improved customer engagement, crowd management, fast order tacking, and payment settlement options. Such advantages are driving the adoption of these advanced solutions in dining areas, thereby accelerating the restaurant POS terminals market growth.

Players in the restaurant POS terminals market include Samsung Electronics Co., Ltd., VeriFone, Holdings, PAR Technology Corporation, NCR Corporation, Ingenico Group, Diebold Nixdorf, NEC Corporation, Micros Systems, Inc., Panasonic Corporation, Toshiba Corporation, Toast, Inc., Square, Inc., PAX Technology, and TouchBistro, Inc., among others. These companies are competing based on the demands and requirement of consumers from various industrial sectors. Technological innovations by restaurant POS terminals market players are growing rapidly, driving the adoption of smart solutions in payment devices.

Furthermore, technological advancements are slated to prompt more restaurants to embrace modern solutions, in order to simplify restaurant processes and operations including sales & billing. For example, Toast has introduced an all-inclusive android based POS systems whose hardware is exclusively designed to survive the rigors of any restaurant environment. Such developments will further contribute to the global restaurant POS terminals market growth in the coming years.

Table of Content:

Chapter 1 Methodology & Scope

1.1 Definition and forecast parameters

1.1.1 Definitions

1.1.2 Methodology and forecast parameters

1.2 Data Sources

1.2.1 Secondary

1.2.2 Primary

Chapter 2 Executive Summary

2.1 Restaurant POS terminals industry 360 degree synopsis, 2013 - 2024

2.1.1 Business trends

2.1.2 Regional trends

2.1.3 Component trends

2.1.4 Product trends

2.1.5 Application trends

2.1.5.1 FSR application trends

Chapter 3 Restaurant POS Terminals Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013 - 2024

3.2.1.1 Payment industry landscape

3.3 Industry ecosystem analysis

3.3.1 Distribution channel analysis

3.3.2 Vendor matrix

3.4 Technology landscape

3.4.1 Biometric POS

3.4.2 Countertop POS

3.4.3 Wireless POS terminals

3.4.4 Connected vs. standalone POS terminals

3.5 Industry impact forces

3.5.1 Growth drivers

3.5.1.1 Increasing number of QSR in the U.S.

3.5.1.2 Rise in adoption of the mobile solutions for tableside payment and ordering facility

3.5.1.3 Growing demand for the food delivery services in Asia Pacific

3.5.1.4 Rising demand for the POS systems in restaurants for inventory or stock management

3.5.2 Industry pitfalls and challenges

3.5.2.1 Data security concerns

3.5.2.2 High cost of software upgrades

3.6 Growth potential analysis

3.7 Porter's analysis

3.8 Competitive landscape, 2017

3.8.1 Company market share, 2017

3.8.1.1 North America

3.8.1.2 Europe

3.8.1.3 Asia Pacific

3.8.2 Strategy dashboard

3.8.3 Key innovators

3.9 PESTEL analysis

Chapter 4 Restaurant POS Terminals Market, By Component

4.1 Key trends in the restaurant POS terminals market, by component

4.1.1 Hardware

4.1.1.1 Market estimates and forecast, 2013 - 2024

4.1.1.2 Market estimates and forecast, by region, 2013 - 2024

4.1.2 Software

4.1.2.1 Market estimates and forecast, 2013 - 2024

4.1.2.2 Market estimates and forecast, by region, 2013 - 2024

4.1.3 Service

4.1.3.1 Market estimates and forecast, 2013 - 2024

4.1.3.2 Market estimates and forecast, by region, 2013 - 2024

Chapter 5 Restaurant POS Terminals Market, By Product

5.1 Key trends in the restaurant POS terminals market, by deployment

For more information on this report at: https://www.marketstudyreport.com/reports/restaurant-pos-terminals-market/?utm_source=Openpr.com-SP

Related Report:

Global 360 Degree Cameras Market Insights, Forecast to 2025

The 360 Degree Cameras market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for 360 Degree Cameras.

https://www.marketstudyreport.com/reports/global-360-degree-cameras-market-insights-forecast-to-2025?utm_source=RR-SP

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/

This release was published on openPR.