Major Drivers Propelling the Growth oh theRestaurant Point of Sale Terminal Market Forward: Surging Demand For Mobile Pos Systems Fuels Growth In The Restaurant Pos Terminal Market
Discover trends, market shifts, and competitive outlooks for the restaurant point of sale terminal industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What Are the Key Milestones in the Restaurant Point of Sale Terminal Market’s Growth Trajectory From 2025 To 2034?
The market size for restaurant point of sale terminals has seen significant expansion in recent years. It is projected to increase from $30.91 billion in 2024 to $32.7 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.8%. The notable growth during the historic period is likely due to improvements in transaction efficiency and accuracy, streamlined order and inventory management techniques, bolstered customer experiences, personalized menus, and adherence to regulatory standards.
The market size of the restaurant point of sale terminal is predicted to register a significant increase in the following years, reaching $47.44 billion in 2029 with a compound annual growth rate (CAGR) of 9.7%. The anticipated expansion during the forecasted period is due to factors such as customer loyalty programs, the use of data for personalization, improved offline features, eco-friendly and sustainable practices, global development, and multi-language support. Key trends to watch during this forecasted period include integration with online order platforms, contactless payment options, improved kitchen display incorporation, a strong emphasis on customer relationship management (CRM), the use of self-service kiosks and ordering points, as well as customization and scalability.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Restaurant Point of Sale Terminal Market?
The surge in the preference for mobile POS systems is set to stimulate the growth of the restaurant POS terminal market in the future. Mobile POS systems are essentially wireless devices and gadgets related to smartphones that operate wirelessly to carry out cash register and electronic POS terminal functions. The rising need for such mobile POS systems inherently boosts the requirement for restaurant point of sale terminal markets which utilize these mobile POS systems. For example, in March 2024, iVend Retail, a software development firm from the U.S., revealed that in 2023, 44% of retailers pinpointed the implementation or enhancement of mobile POS as their main priority for retail innovation, showing an increase from 33% the year before. The worldwide market for mobile POS terminals had a valuation of $36.07 billion in 2022 and is expected to have an annual growth rate of 11.1% until 2030. As such, the incrementing demand for mobile POS systems is a significant propellant for the restaurant POS terminal market.
Which Key Market Segments Comprise the Restaurant Point of Sale Terminal Market and Drive Its Revenue Growth?
The restaurant point of sale terminal market covered in this report is segmented –
1) By Product: Fixed, Mobile
2) By Deployment Mode: Cloud, On Premise
3) By Component: Software, Hardware, Services
4) By End User: Fast Service Restaurants (FSR), Quick Service Restaurant (QSR), Other End Users
Subsegments:
1) By Fixed: Countertop POS Systems, Self-Service Kiosks, Integrated POS Systems
2) By Mobile: Handheld POS Devices, Tablet POS Systems, Smartphone-Based POS Solutions
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Which Areas Are Leading Regions in the Restaurant Point of Sale Terminal Market Expansion Across the Globe?
North America was the largest region in the restaurant point of sale terminal market in 2024. The regions covered in the restaurant point of sale terminal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Are the Key Market Trends in theRestaurant Point of Sale Terminal Market Over the Coming Years?
Emerging technological advancements have been identified as a leading trend in the restaurant POS terminal market. Major firms in this sector are continually innovating with new technological solutions to fulfill customer needs and maintain their market standing. For example, in June 2022, Openbravo, a provider of cloud-based software from Spain specializing in retail and restaurants, launched a Point-of-Sale (POS) for fast casual and quick service restaurants, aiming to streamline services and increase efficiency and profit margins. Openbravo’s POS is a cloud-based system aimed at providing speed, customer service, and operational efficiency, making it an ideal fit for multi-location fast casual and quick-service establishments, thanks to its scalable architecture.
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How Is the Restaurant Point of Sale Terminal Market Conceptually Defined?
The restaurant point of sale (POS) terminal are used to reduce turnaround time by accepting orders at the table and printing KOTs instantly. Restaurants deploy point-of-sale systems to operate with improved efficiency, reduce billing time, monitor the order completion time, and avoid order errors during peak hours. They involve payroll management, inventory control, recording of sales figures, and billing to ensure the business functions. POS terminal systems are integrated with online ordering, E-wallets, table reservations, loyalty programs, and many others.
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