Press release
Restaurant POS Terminals Market: Rising Demand and Promising Growth Opportunities from 2024 to 2029
Restaurant POS Terminals Market
What Is The Projected Market Size Of The Global Restaurant POS Terminals Market And Its Growth Rate?
The Restaurant POS Terminals market is witnessing sturdy growth recently with key statistics provided as follows:
• 2024 Market Size: $16.15 billion
• 2025 Market Size: $17.51 billion (growth at a CAGR of 8.4%)
• Projected 2029 Market Size: $24.6 billion (growth at a CAGR of 8.9%)
Customization and integration, economic conditions, consumer behavior, market entrants, and adoption phases drive the historic market growth. For the forecast period, growth is attributable to mobile integration, cloud-based solutions, contactless payments, AI and analytics, and the demand for customization.
What Is Driving The Growth In The Restaurant POS Terminals Market?
The burgeoning trend of online food ordering is expected to boost the restaurant POS terminal market's growth. This trend emerged through the process of ordering food online via websites or other applications for either delivery or picking it up. The expansion of online ordering and meal delivery is an offshoot of shifting consumer preferences. An increasing number of customers are using mobile apps to place orders from restaurants. For instance, a food delivery article published in January 2023 by Appmysite indicated that 70% of customers in the USA prefer purchasing food online for delivery. Digital ordering is growing at almost three times the pace of in-site ordering. Hence, the increasing trend of online food ordering is expected to drive the restaurant POS terminal market.
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Who Are the Key Players Driving Restaurant POS Terminals Market Growth?
Key players in the restaurant POS terminals market include:
• NCR Corporation
• NEC Corporation
• Oracle Corporation
• Panasonic Holdings Corporation
• PAX Technology
• VeriFone Systems Inc.
• Samsung Electronics Co. Ltd.
• Toshiba Corporation
• Squirrel Systems Inc.
• PAR Technology Corporation
• TouchBistro Inc.
• POS-X LLC
• Kounta
• POS Nation
• Posist Technologies Pvt. Ltd.
• Posiflex Technology
• Touch Dynamic
• Micros Retail Systems Inc.
• Aures Group
• Diebold Nixdorf Incorporated
• INGENICO S.A.
• Lightspeed Management Company LLC
• Revel Systems Inc.
• Shift4 Payments Inc.
• Clover Network Inc.
• ShopKeep
What Are The Key Trends In The Restaurant POS Terminals Market?
Key trends in the forecast period for the restaurant POS terminals market are:
• Evolving user interfaces
• Demand for mobility
• Omnichannel capabilities
• Integration of QR codes
• Subscription-based models
What Are The Segments Of The Global Restaurant POS Terminals Market?
The restaurant POS terminals market is bifurcated into:
1) By Type: Fixed POS Terminals, Mobile POS Terminals
2) By Deployment Mode: On-Premise, Cloud
3) By Application: Front End, Back End
4) By End User: Full-Service Restaurant (FSR), Quick Service Restaurant (QSR), Institutional Full-Service Restaurant, Other End Users
Which Region Leads The Restaurant POS Terminals Market?
Asia-Pacific region took the lead in the Restaurant POS Terminals market in 2024. The covered regions in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Restaurant POS Terminals Market Global Market Report?
- Market Size Analysis: Analyze the Restaurant POS Terminals Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Restaurant POS Terminals Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Restaurant POS Terminals Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Restaurant POS Terminals Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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