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Surging Demand For Mobile Pos Systems Fuels Growth In The Restaurant Pos Terminal Market: Transformative Forces Shaping the Restaurant Point of Sale Terminal Market Landscape in 2025
Restaurant Point of Sale Terminal
What Will the Restaurant Point of Sale Terminal Industry Market Size Be by 2025?
The growth in the restaurant point of sale terminal market has been consistent over the recent years. The worth of the market is projected to increase from $30.91 billion in 2024 to $32.42 billion in 2025, manifesting a compound annual growth rate (CAGR) of 4.9%. The significant development during the historic period can be linked to the enhanced efficiency and precision in transactions, streamlined order and inventory management, improved customer experience, ability for menu customization, and adherence to regulations.
What's the Long-Term Growth Forecast for the Restaurant Point of Sale Terminal Market Size Through 2029?
The market size of the restaurant point of sale terminal is projected to experience robust expansion in the foroming years, swelling to $46.23 billion in 2029 with a compound annual growth rate (CAGR) of 9.3%. This growth throughout the predicted period can be credited to factors such as customer loyalty schemes, personalized data-driven tactics, improved offline competences, green and sustainability efforts, global proliferation, and support for multiple languages. Key trends in the projected period encompass integration with internet-based ordering platforms, touchless payment options, amplified kitchen display integration, concentration on customer relationship management (CRM), independent service kiosks and ordering stations, and adaptability and scalability.
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What Are the Key Growth Drivers Fueling the Restaurant Point of Sale Terminal Market Expansion?
The anticipated rise in the requirement for mobile POS systems is set to drive the expansion of the restaurant POS terminal market. Mobile POS systems, which include wireless devices and smartphone-associated devices, can perform the roles of a cash register and an electronic POS terminal without any wires. As a result, a surge in mobile POS system needs naturally bolsters the restaurant point of sale terminal market. As per iVend Retail, a software development company based in the U.S., in March 2024, 44% of retailers pinpointed implementing or enhancing mobile POS as their topmost priority for retail innovation in 2023, a rise from 33% a year earlier. The worldwide market for mobile POS terminals, which stood at $36.07 billion in 2022, is estimated to witness an annual growth rate of 11.1% up to 2030. Consequently, the burgeoning requirement for mobile POS systems steers the growth of the restaurant POS terminal market.
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What Are the Key Trends Driving Restaurant Point of Sale Terminal Market Growth?
Innovations in technology have become a prominent trend in the restaurant POS terminal market, with leading businesses developing new tech-based solutions to retain their market position and cater to client needs. Openbravo, for example, a cloud-based software company from Spain specializing in retail and restaurants, launched a Point-of-Sale (POS) system specifically for quick service and fast casual restaurants in June 2022. This solution was designed to accelerate service, thus improving efficiency and profitability. Operating through a cloud-based system, Openbravo's POS boasts speed, high customer service quality, and operational efficiency, making it ideal for multi-location, quick service, and fast-casual restaurant setups due to its scalability.
How Is the Restaurant Point of Sale Terminal Market Segmented?
The restaurant point of sale terminalmarket covered in this report is segmented -
1) By Product: Fixed, Mobile
2) By Deployment Mode: Cloud, On Premise
3) By Component: Software, Hardware, Services
4) By End User: Fast Service Restaurants (FSR), Quick Service Restaurant (QSR), Other End Users
Subsegments:
1) By Fixed: Countertop POS Systems, Self-Service Kiosks, Integrated POS Systems
2) By Mobile: Handheld POS Devices, Tablet POS Systems, Smartphone-Based POS Solutions
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Which Companies Are Leading the Charge in Restaurant Point of Sale Terminal Market Innovation?
Major companies operating in the restaurant point of sale terminal market include Squirrel Systems Ltd., Verifone Systems Inc., NCR Corporation, Revel Systems Inc., Aireus Inc., Dinerware Inc., Posist Technologies Pvt. Ltd., Epos Now Ltd., Alchemy Web Private Limited, Touch Bistro Inc., Oracle Corporation, Diebold Nixdorf Inc., Hewlett-Packard Development Company L. P., Ingenico Group, Lavu Inc., Cake Corporation, Mad Mobile Inc., Square Inc., Toast Inc., Brightpearl Limited, Lightspeed POS Inc., Clover Network Inc., PayPal Holdings Inc., SpotOn Inc., Loyverse Inc., Upserve Inc., ShopKeep Inc., Harbortouch Inc., AccuPOS Inc., Future POS LLC, Heartland Payment Systems Inc.
Which Regions Are Leading the Global Restaurant Point of Sale Terminal Market in Revenue?
North America was the largest region in the restaurant point of sale terminal market in 2024. The regions covered in the restaurant point of sale terminal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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