The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing trend of online food ordering is likely to stimulate innovation in the production of restaurant POS terminals, propelling the market over the forecast period.

The global restaurant POS terminals market is expected to grow from $13.93 billion in 2022 to $15.12 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The global restaurant POS terminals market size is expected to grow to $20.70 billion in 2027 at a CAGR of 8.2%.

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Global Restaurant POS Terminals Market Segments Include:

• By Type: Fixed POS Terminals, Mobile POS Terminals
• By Deployment Mode: On-Premise, Cloud
• By Application: Front End, Back End
• By End User: Full-Service Restaurant (FSR), Quick Service Restaurant (QSR), Institutional Full-Service Restaurant, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global restaurant POS terminals market in 2021.

Major Market Players in the restaurant POS terminals market include NCR Corporation, NEC Corporation, Orcle Corporation, Panasonic Holdings Corporation, PAX Technology, VeriFone Systems Inc., Samsung Electronics Co. Ltd., Toshiba Corporation.

Product innovation is a hot trend in the restaurant POS terminals market. Major players in the restaurant POS terminals market are focusing on providing innovative solutions to strengthen their market position. Toast, Inc., a US-based restaurant management cloud-based software business, for example, announced Toast for Quick Service, a particularly developed POS system oriented towards limited-service restaurants of all kinds, in April 2022. Toast Mobile Order and Pay Kiosks, for example, leverage Toast’s restaurant-grade technology to allow businesses to receive orders more quickly and correctly, resulting in fewer comps and voids, greater gratuities, and increased employee retention.

The  Restaurant POS Terminals Global Market Report 2023  provides a restaurant POS terminals market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The restaurant POS terminals market forecast analyzes restaurant POS terminals market size, restaurant POS terminals market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A restaurant point of sale system is made up of hardware (POS) and software (hospitality point of sale) that govern a sales transaction, such as credit card processing, receipt printing, and other features. Unlike retail or hotel businesses, restaurant POS systems are designed specifically for the restaurant industry. A modern restaurant POS system may automate the tracking of sales, labour, and inventory metrics, as well as streamline internal operations and connect all of the workers required to keep the restaurant running smoothly. This lowers personnel turnover, order errors, wait times, and stress levels while increasing sales, profit, and customer satisfaction.

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