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US Restaurant Point-of-Sale (POS) Terminals Market Growth, Size, Report & Forecast to 2020-2026

11-17-2020 06:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

US restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 6.9% during the forecast period. The growing restaurant industry is the major factor driving the adoption of POS terminals in the country. National Restaurant Association anticipates $899 billion in sales of the US restaurant industry in 2020. By 2030, 1.6 million new restaurant jobs will be created in the US. More restaurants will be opened in the near future, which in turn, will further accelerate the market growth. For instance, In January 2019, Domino's declared that it predicts the growth potential of 2,000 stores in the US over the next six years. Further, in July 2019, Subway declared that over 10,500 US Subway restaurants will be remodeled with new décor and design by the end of 2020.

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Such kinds of initiatives will further escalate the adoption of POS terminals for online ordering, order management, processing card payments, online order integration, and inventory management. The major benefit of using a POS system is that it facilitates communications between the wait staff and the kitchen staff. In addition, it allows tracking everything from the usage of food to the most famous menu items. POS system can also support preparing payroll, which can save a lot of money in the bookkeeping department. Apart from the daily operations of operating a restaurant, the system can organize sales tax and profit and loss statements.

A Full Report of US Restaurant Point-of-Sale (POS) Terminals Market is Available at: https://www.omrglobal.com/industry-reports/us-restaurant-point-of-sale-pos-terminals-market

Scope of the US Restaurant POS Terminals Market

Market Coverage

Market number available for 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Product, Deployment, and End-User
Competitive Landscape- NCR Corp., HP, Inc., Lightspeed POS, Inc., and Mad Mobile, Inc.

US Restaurant POS Terminals Market-Segmentation

By Product

Fixed
Mobile

By Deployment

Cloud-based
On-Premise

By End-User

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

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/us-restaurant-point-of-sale-pos-terminals-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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