Restaurant POS Terminal Market Booms with Cloud Integration, Mobile Payments, & Demand for Enhanced Customer Experience

The Restaurant POS Terminal Market thrives on mobile payment adoption, cloud-based systems, and the need for streamlined order and inventory management.

AUSTIN, TX, UNITED STATES, November 26, 2024 /EINPresswire.com/ -- Market Scope and Overview

The global Restaurant Point of Sale Terminal Market is set for robust growth as the restaurant industry increasingly adopts advanced digital solutions to optimize operations and elevate customer experiences.

Projected to grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2032, the market is expected to reach USD 48.46 billion by 2032, up from USD 21.49 billion in 2023, according to SNS Insider.

Market Drivers

A significant driver of the market’s growth is the rise of automation and streamlined operations across the restaurant sector. From quick-service eateries to fine dining establishments, POS terminals are being leveraged for critical tasks such as order management, billing, inventory tracking, and reporting. This shift not only enhances operational efficiency but also significantly improves the customer experience.

The growing preference for cashless transactions is another key factor propelling the market. With customers increasingly seeking seamless and convenient payment methods, restaurant owners are integrating sophisticated POS terminals with digital payment gateways. The adoption of cloud computing, artificial intelligence (AI)-driven analytics, and the Internet of Things (IoT) further enhances these systems, allowing restaurants to gain real-time insights into customer behavior and operational performance.

Additionally, the surge in omnichannel dining, including online ordering and delivery, has made it essential for restaurants to adopt versatile POS systems that can handle orders across multiple platforms. This demand is especially high in quick-service restaurants (QSRs) and food delivery services, which require robust systems to manage high transaction volumes efficiently.

Get a Report Sample of Restaurant Point of Sale Terminal Market @ https://www.snsinsider.com/sample-request/4821

Some of the Major Key Players in the Market are:

➤ Square (Square POS, Square for Restaurants)
➤ Toast (Toast POS, Toast Kitchen Display System)
➤ Lightspeed (Lightspeed Restaurant POS, Lightspeed Loyalty)
➤ Revel Systems (Revel POS, Revel Analytics)
➤ Clover (Clover Station, Clover Go)
➤ ShopKeep (ShopKeep POS, ShopKeep Payments)
➤ NCR Corporation (NCR Aloha POS, NCR Silver)
➤ AccuPOS (AccuPOS Restaurant POS, AccuPOS Cloud)
➤ Bepoz (Bepoz POS, Bepoz Loyalty)
➤ TouchBistro (TouchBistro POS, TouchBistro Reservations)
➤ Oracle Hospitality (Oracle MICROS POS, Oracle Simphony)
➤ Lightspeed (Lightspeed Restaurant, Lightspeed eCommerce)
➤ Epos Now (Epos Now Restaurant POS, Epos Now Payments)
➤ Positouch (Positouch POS, Positouch Online Ordering)
➤ Harbortouch (Harbortouch POS, Harbortouch Online Ordering)
➤ Zomato (Zomato Order, Zomato Analytics)
➤ Sapaad (Sapaad POS, Sapaad Online Ordering)
➤ Epicor (Epicor POS, Epicor Catering and Events Management)
➤ Fivestars (Fivestars Loyalty Program, Fivestars POS Integration)
➤ Grubhub (Grubhub POS Integration, Grubhub Analytics)
➤ Others

Market Segmentation Analysis

By End-Use:

➤ Full-Service Restaurants (FSR): In 2023, this segment led the market, contributing 34.75% of total revenue. These establishments rely on advanced POS systems for managing complex tasks such as table reservations, customized orders, and detailed billing. Personalized menus and loyalty programs have further increased dependency on POS systems.

➤ Quick-Service Restaurants (QSR): This segment is growing rapidly due to a demand for speed and efficiency. Self-service kiosks and mobile POS solutions are increasingly popular, helping reduce wait times and improve service quality.

➤ Cafes and Other Establishments: Smaller restaurants and cafes are adopting cost-effective, scalable POS solutions to manage daily operations, track inventory, and enable seamless payment options.

By Application Type:

➤ Front-End Applications: Captured 69% of revenue in 2023, focusing on customer-facing tasks such as order processing, payment management, and customer engagement. Mobile POS systems and self-checkout solutions are driving growth in this segment.

➤ Back-End Applications: Gaining momentum for tasks like inventory management, employee scheduling, and data analytics. These systems improve integration with supply chain operations, reducing waste and optimizing resource allocation.

Market Segmentation

By Product Type

✦ Fixed
✧ Self-serve kiosks
✧ Cash counters terminal
✧ Vending machine
✦ Mobile

By Component Type

✦ Hardware
✧ Swipe Card Machine
✧ Touchscreen /Desktop
✧ Others
✦ Software

By Deployment Type

✦ Cloud
✦ On-premise

By Application Type

✦ Front-End
✦ Back-End

By End-User

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

Regional Analysis

North America held the largest share of the Restaurant POS Terminal Market in 2023, driven by widespread adoption of digital payment methods, cloud-based POS solutions, and a strong presence of key providers. Restaurants in the U.S. and Canada continue to invest in advanced technologies to boost efficiency and customer satisfaction.

The APAC region is expected to experience the highest CAGR during the forecast period, propelled by the growing restaurant industry in China, India, and Japan. Increasing disposable incomes, a growing middle class, and the rise of online food delivery platforms are significant drivers. Mobile and cloud-based POS solutions are transforming the restaurant landscape in APAC.

Europe also holds a substantial market share, with countries like the United Kingdom, Germany, and France leading digital transformation in the restaurant sector. Enhanced customer engagement through digital loyalty programs and mobile app integrations is driving adoption of advanced POS systems.

Recent Developments

Square introduced a comprehensive all-in-one POS solution in 2023, specifically designed for small and medium-sized restaurants. The system offers integrated payment processing, inventory management, and detailed analytics to streamline operations.

Toast Inc. launched an upgraded version of its restaurant management platform, featuring AI-driven insights and customizable reporting tools to empower restaurants in making data-driven decisions and streamlining workflows.

Enquire for More Details @ https://www.snsinsider.com/enquiry/4821

Table of Contents:

1) Introduction
2) Executive Summary
3) Research Methodology
4) Market Dynamics
5) Statistical Insights and Trends Reporting
6) Competitive Landscape
7) Restaurant Point of Sale Terminal Market Segmentation, By Application Type
8) Restaurant Point of Sale Terminal Market Segmentation, By Product Type
9) Restaurant Point of Sale Terminal Market Segmentation, By Component Type
10) Restaurant Point of Sale Terminal Market Segmentation, By Deployment Type
11) Restaurant Point of Sale Terminal Market Segmentation, By End User
12) Regional Analysis
13) Company Profiles
14) Use Cases and Best Practices
15) Conclusion

About Us

S&S Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

Akash Anand
SNS Insider | Strategy and Stats
+1 415-230-0044
email us here
Visit us on social media:
Facebook
X
LinkedIn
Instagram
YouTube