The Global Restaurant Point of Sale Terminals Market is estimated to value over USD 24 billion by 2029 end and is expected to register a CAGR of 7% over the forecast period 2019 to 2029.
The restaurant point of sale (POS) terminals improve the efficiency of business operations of restaurant owners by carrying out operations such as employee scheduling, inventory management, customer relationship management (CRM) and table management. This system offers solutions to a variety of restaurants like nightclubs, cafes, fine dining restaurants, pubs, casinos, breweries and wineries.
Factors Influencing the Market
Full-service restaurants (FSR) offer multicuisine dishes due to presence of customers from around the world. So there is a growing requirement for effective inventory and sales management solutions resulting into an increase in demand for point of sale terminals. Furthermore, adoption of various technological advancements like EMV-enabled devices and flexible payments using contactless chip cards has increased the demand for POS terminals worldwide.
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Insights on Global Restaurant Point of Sale Terminals Market
1. By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
The Asia Pacific region is expanding in the market at a rapid rate as a result of a growing number of quick service restaurants (QSR) in the region. Countries like India, who have a variety of food preferences and specialities, has resulted in the establishment of multiple restaurant outlets who have integrated POS terminals in their business operations thus inflating market proliferation.
2. By Product
• Mobile POS Terminal
• Fixed POS Terminal
o Cash Counter Terminals
o Vending Machines
o Self-Serve Kiosks
Mobile POS terminal dominate the market owing due to advantages like mobile wallet payments, easy migration to EMV, cost-effective, accommodation of the growing transaction volumes and improved security.
3. By Component
• Hardware
o Touch Screen/Desktop
o Swipe Card Machine
o Others
• Software
The software component segment is projected to showcase significant market growth owing to the growing requirements of software solutions for enhancing hardware accessibility and compatibility of various components integrated in the system. Additionally, these software solutions provide user the authority to perform several business functions like stock or sales reporting, customer and order management, staff engagement and payment statistics.
4. By Application
• Full Service Restaurant (FSR)
• Quick Service Restaurant (QSR)
• Bars & Pubs
• Cafes & Bistros
The FSR and QSR segments dominate the global market owing to the market penetration of these segments into emerging economies like India and China. QSRs like McDonald’s and Pizza Hut require online payment portals so that they can perform sales at a faster rate with least intervention from the consumers at the counters and thus it increases the demand of POS terminals.
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
TouchBistro provides POS solutions based on tablets and iPads with services like cash management, order tracking, inventory management, etc. for QSRs. Furthermore, Intuit Inc. and Revel Systems established a partnership to develop QuickBooks which is an online POS system for restaurants. This system assists restaurants impulsively sync their sales, payment, inventory, CRM and payroll information.
Key Market Players:
• VeriFone Systems
• TouchBistro Inc.
• Panasonic Corp.
• NCR Corp.
• Toshiba Corp.
• Samsung Electronics Co.
• Intuit Inc.
FutureWise Key Takeaways
• With the advent of initiatives like Digital India, the consumers will shift from cash payments to mobile wallet payments which shall assist the restaurant POS terminal market to flourish
• FSRs and QSRs are expanding in developing economies and have proposed plans to expand in underdeveloped economies from the African region which shall support the market growth considering the factor that the advanced services like mobile wallets are introduced in these regions
Objectives of the Study:
• To provide with an exhaustive analysis on the restaurant POS terminal market by region, by product, by component, by application
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

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