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Restaurant Point-of-Sale (POS) Terminals Market Size 2023: Global Share, Industry And Report Analysis By 2030 |NCR Corp. Orderbird AG Quorion Data Systems GmbH

04-16-2024 06:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Restaurant Point-of-Sale (POS) Terminals Market

Restaurant Point-of-Sale (POS) Terminals Market

The global restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 7.8% during the forecast period. Expansion of food outlets and emerging demand for advanced payment options in the restaurants are primarily leveraging the adoption of POS terminals. An increasing number of food outlets have been witnessed owing to the rising shift towards western-style diets. Several major food outlets such as McDonald's, Domino's Pizza, and Pizza Hut have been reported expansion across the globe to meet the increased consumption of fast foods across the globe. For instance, in April 2020, McDonald's Corp. declared its plans to expand in Russia's far east in December 2020. This aims to open restaurants in cities including Vladivostok and Khabarovsk for the first time.

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Since later, McDonald's has increased its digital capabilities globally through Mobile Order and Pay, and Delivery, Kiosks, and Digital Menu Boards. In 2019, McDonald's Corp. acquired Dynamic Yield Ltd. a provider of personalization and decision logic technology. McDonald's will use Dynamic Yield decision technology to offer a more personalized customer experience through changing outdoor digital Drive Thru menu displays. This will enable McDonald's to display food based on trending menu items, time of day, current restaurant traffic, and weather. With the use of data, Dynamic Yield decision technology can also promptly recommend and display additional items to the order of customers according to their current selections. This will support McDonald's to become one of the first companies that combined decision technology into the customer POS at a brick and mortar location. In 2018, McDonald's tested this technology in multiple US restaurants.

full report of Restaurant Point-of-Sale (POS) Terminals Market available @ https://www.omrglobal.com/industry-reports/restaurant-point-of-sale-pos-terminals-market

• Market Coverage
• Market number available for - 2024-2030
• Base year- 2023
• Forecast period- 2024-2030
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global 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

Global Restaurant POS Terminals Market- Segment by Region
North America
• United States
• Canada

Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World
• Latin America
• The Middle East and Africa

The Report Covers
• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global restaurant POS terminals market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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

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. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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

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