Restaurant POS Terminal Market, By Product Type (Fixed POS Terminal and Mobile POS Terminal), By Component (Hardware and Software), By Deployment (On-Cloud and On-Premise), By End User (Fast Food Restaurants, Casual Dining Restaurants, Fine Dining Restaurants and Others), and, By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI93119 | Publish Date: April 2024 | No. of Pages: 167

Global Restaurant POS Terminal Market Overview

Introduction

Restaurant POS Terminal Market was valued at US$ 23.5 Billion in 2024 and is projected to grow at a CAGR of 8.20% to reach US$ 51.6 Billion by 2034.

Restaurant point of sale terminal is a combination of devices and integrated software. Restaurant point of sale (POS) devices are used for processing card payments, sales, inventory management, and customer data management. The POS terminals are more efficient than the traditional cash register or manual systems in restaurants. They help reduce the time required for billing, recoding sales figures, and other repeated paperwork, such as tax reporting, inventory control, and payroll. The POS systems used in restaurants have distinct applications as compared to the ones used in the retail industry.

The increase in demand for multi-purpose point of sale (POS) terminals from restaurant owners to carry out various operations, is a primary factor boosting the restaurant POS terminal market growth. In addition, growing preference for card based transactions and adoption of network connected smart devices across the globe are expected to foster growth of the target market over the forecast period.  Moreover, low deployment cost and user friendly interface of POS terminals fuels growth of the global restaurant point of sale terminal market over the forecast period. The major and growing trend in the market is development of QuickBooks which helps restaurants to monitor total sale, inventory management, payment, payroll, and CRM information which drives growth of the global target market over the forecast period.

Further, concern related to data privacy and security is a major restraining growth factor for the global restaurant point of sale terminal market. The network connectivity issues in developing economies is expected to hamper growth of the target market over the forecast period.

The restaurant POS terminal market is segmented by product type, component, deployment, end user and region.                                                                                                   On the basis of product type, the restaurant POS terminal market is sub segmented into fixed POS terminal and mobile POS terminal. On the basis of component, the target market is sub segmented into hardware and software. On the basis of deployment, the global target market is divided into on-cloud and on-premise. On the basis of end users, the target market is sub segmented into fast food restaurants, casual dining restaurants, fine dining restaurants and others.

On the basis of region, the target market is further sub segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the restaurant POS terminal market which is attributed to the growing advancements in technology in restaurant point of sale terminals in this region. Asia Pacific is expected to show an increase in target market growth due to the increasing government support for digitalization in this region.

The key operators of the restaurant POS terminal are VeriFone Systems Inc, Revel Systems Inc, Harbortouch Payments, TouchBistro Inc, VeriFone Systems Inc, Aireus Inc, Ingenico Group, NCR Corporation, Oracle Corporation and Action Computer Systems Inc. The manufacturers are developing POS system software for smart devices, with distinct features. These constant innovations and focus of manufacturers on providing customized solutions is anticipated to drive the restaurant POS terminal market further.

 

Global Restaurant POS Terminal Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Components
      • Market Snippet, By End User  
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Fixed POS Terminal
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Mobile POS Terminal
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Components , Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Hardware
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Software
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By End User , Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Fast Food Restaurants
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Casual Dining Restaurants
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Fine Dining Restaurants
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Components , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Components , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Components , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Components , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Components , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • VeriFone Systems Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Harbortouch Payments
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Revel Systems Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • NXP Semiconductor N.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • TouchBistro Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • VeriFone Systems Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Aireus Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ingenico Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • NCR Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Oracle Corporation and Action Computer Systems
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Restaurant POS Terminal Market is segmented into Product Type, Components, End User and Region.

Market growth is driven by the increasing demand for efficient order processing, the adoption of contactless payment solutions, and the integration of advanced features such as inventory management in restaurant point-of-sale (POS) terminals.

Challenges include the initial setup cost, potential cybersecurity risks, and the need for staff training, influencing the global Restaurant POS Terminal Market.

The report considers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa as key areas for the Restaurant POS Terminal Market.North America is anticipated to dominate the market, driven by widespread technology adoption in the restaurant industry, a high level of consumer awareness, and the presence of key market players in the region.

The key players operating the target market includes VeriFone Systems Inc, Revel Systems Inc, Harbortouch Payments, TouchBistro Inc, VeriFone Systems Inc, Aireus Inc, Ingenico Group, NCR Corporation, Oracle Corporation and Action Computer Systems Inc.