Press release
Restaurant Point-of-Sale Terminal Market is projected to grow at a CAGR of 8.5% during the forecast period till 2029 | Size, Trends & Forecast
Restaurant Point-of-Sale Terminal Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/restaurant-point-of-sale-terminal-market/
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
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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Company Name: GMI RESEARCH
Contact Person: Sarah Nash
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