Restaurant Point Of Sale Terminals Market is projected to grow $22.32 Billion by 2025: Grand View Research, Inc.

The primary factors boosting the market growth are increasing demand for multi-purpose point of sale (POS) terminals from restaurant owners to carry out operations

Posted on 2019-06-07 by researchinsights in Retail, Software, Technology // 0 Comments

San Francisco, United States, 2019-June-07 — /EPR Network/ —

The global restaurant point of sale terminals market size is expected to reach USD 22.32 billion by 2025 registering a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research, Inc. The primary factors boosting the market growth are increasing demand for multi-purpose point of sale (POS) terminals from restaurant owners to carry out operations, such as inventory management, employee scheduling, table management, and Customer Relationship Management (CRM).

The use of restaurant POS terminals enables restaurant owners to reduce repetitive tasks like manual inventory control, schedule management, and others, thus leading to improved efficiency in business operations. The POS system vendors are offering different solutions to support different types of restaurants, such as fine dining restaurants, nightclubs, cafes, pubs, breweries, hotels, casinos, and wineries.

The back end application segment is anticipated to witness the highest CAGR over the forecast period. Increasing product usage in restaurants to perform backend processes including accounts management, inventory management, payroll, etc. is likely to accelerate the segment growth. The Full Service Restaurant (FSR) end-user segment held the largest share of the global market in 2018 and is expected to reach USD 8.12 billion by 2025. FSR were the early adopters of any POS technology to retain their competitive advantage over the other restaurants and to meet their customer needs. POS terminals enable accurate table and order management solution and increased speed of ordering and checkout processes.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/restaurant-point-of-sale-pos-terminal-market

Further key findings from the study suggest:

The global restaurant POS terminals market was valued at USD 13.15 billion in 2018 and is anticipated to record at a CAGR of 7.4% from 2019 to 2025
The hardware segment accounted for the largest market share in 2018 and is projected to reach USD 18.62 billion by 2025
The fixed product segment is anticipated to witness moderate growth over the forecast period
APAC is said to register the highest CAGR of 9.4% from 2019 to 2025. Many restaurants in APAC have started using mobile POS systems, such as tablets, to display menu and place orders for improved customer experience and operating competence
The key industry competitors include Ingenico Group; PAX Technology Ltd.; Verifone Systems Inc.; NCR Corp.; Revel Systems; Aireus Inc.; Aireus Inc; Dinerware, Inc.; Posist; EposNow; Harbortouch Payments, LLC; LimeTray; POSsible POS; Oracle Corporation; Posera, ShopKeep; Squirrel Systems; Toshiba Corp.; TouchBistro; and Upserve, Inc.

Related Report of Communication Services Industry:

Grand View Research has segmented the global restaurant point of sale terminals market on the basis of product, component, deployment, application, end user, and region:

Restaurant POS Terminal Product Outlook (Revenue, USD Billion, 2015 – 2025)

Fixed
- Self-serve Kiosks
- Cash Counters Terminal
- Vending Machine
Mobile

Restaurant POS Terminal Component Outlook (Revenue, USD Billion, 2015 – 2025)

Hardware
- Touch Screen/ Desktop
- Swipe Card Machine
- Others
Software

Restaurant POS Terminal Deployment Outlook (Revenue, USD Billion, 2014 – 2025)

Cloud
On-Premise

Restaurant POS Terminal Application Outlook (Revenue, USD Billion, 2015 – 2025)

Front End
Back End

Restaurant POS Terminal End User Outlook (Revenue, USD Billion, 2015 – 2025)

Full Service Restaurant (FSR)
- Fine Dine
- Casual Dine
Quick Service Restaurant (QSR)
Institutional
Others

Restaurant POS Terminal Regional Outlook (Revenue, USD Billion, 2015 – 2025)

North America
- S.
- Canada
Europe
- K.
- Germany
- France
Asia Pacific
- China
- India
- Japan
Latin America
- Brazil
- Mexico
Middle East & Africa

Access Press Release of This Research Report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-restaurant-point-of-sale-pos-terminal-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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