Global Restaurant Point of Sale (POS) Terminal Market is valued approximately USD 16.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.8% over the forecast period 2022-2029. Restaurant Point of Sale (POS) Terminal refers to a hardware system utilized by quick and full-service restaurants for processing card payments at restaurant premises. These terminals are embedded with software to read magnetic strips of credit and debit cards. In addition to payment processing restaurant Point of Sale terminal also offer other features including order management, table booking, food coating, and built -in marketing suite among others. The increasing expansion of Food Service Industry worldwide and growing penetration of digitization for restaurants sector as well as strategic initiatives from leading market players strategic initiatives from leading market players are key factors accelerating the market growth.

According to Statista - in 2021, the global food service market was valued at USD 2.52 billion, and this amount is projected to grow to USD 4.43 billion in 2028, witnessing a CAGR of 9.9 percent between 2021 to 2028. Also, increasing number of technological advancements in POS terminals and growing emergence of AI and ML technologies would create lucrative growth prospectus for the market over the forecast period. However, high deployment cost associated with POS terminals coupled with frequent maintenance requirement impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Restaurant Point of Sale (POS) Terminal Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share due to factors such as presence of leading market players as well as availability of required digital infrastructure in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of food services industry as well as increasing preference towards cashless transections in the region.

Major market players included in this report are:

Aures Group

Diebold Nixdorf Incorporated

Hewlett Packard Enterprise Development LP

INGENICO

Lightspeed Management Company, LLC

NCR Corporation

Oracle

Panasonic Corporation

PAX Technology Limited

Posist Technologies Pvt. Ltd.

Recent Developments in the Market:

In April 2022, Toast, launched a new solution for limited-service restaurants named Toast for Quick Service. This new solution enables faster ordering process.
In May 2022, Square launched a suite of new software and hardware restaurant solutions. It launched Square for Restaurants mobile POS solution for restaurants.
Global Restaurant Point of Sale (POS) Terminal Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered Component, Deployment Mode, Type, Application, End User, Region

Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component

Hardware

Software

Services

By Deployment Mode

On-Premises

Cloud

By Type

Fixed POS

Mobile POS

By Application

Front End

Back End

By End User

Full-service Restaurant (FSR)

Quick Service Restaurant (QSR)

Institutional FSR

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World