Restaurant Pos Terminals Market Introduction 

A restaurant POS (point of sale) terminal is a hardware and software system used in the restaurant industry for transactions and other business-related activities. The system typically includes a computer or tablet, a cash register, a card reader, a printer, and other peripherals necessary for the operation of the restaurant.The restaurant POS terminals are used for processing orders, tracking sales, managing inventory, generating reports, and facilitating payments. The system can be customized to meet the specific needs of a restaurant, such as tracking ingredient usage, managing table reservations, and integrating with third-party delivery services.The use of restaurant POS terminals has become increasingly popular in recent years, as more restaurants have adopted digital technology to streamline their operations and improve customer experience. The system offers benefits such as increased efficiency, reduced errors, and improved customer service.The restaurant POS terminals market includes both hardware and software components, with a wide range of products and vendors available to meet the needs of different types of restaurants, from small cafes to large chain restaurants. The market is expected to continue to grow in the coming years as more restaurants adopt digital technology to improve their operations and compete in the market.

Restaurant Pos Terminals Market Size

The global restaurant POS terminals market size was valued at USD 13.5 billion in 2020 and is projected to reach USD 26.4 billion by 2028, growing at a CAGR of 8.4% during the forecast period.The market growth is driven by factors such as the increasing adoption of digital technology in the restaurant industry, the need for efficient and streamlined operations, and the growing demand for contactless payment options. Additionally, the rise in the number of food service establishments, including restaurants, cafes, and fast-food chains, is expected to drive the growth of the market.North America accounted for the largest market share in 2020, due to the high adoption rate of restaurant POS terminals in the region. The Asia Pacific region is expected to witness the highest growth during the forecast period, due to the increasing number of food service establishments and growing demand for digital technology in the restaurant industry.

Overall, the restaurant POS terminals market is expected to continue to grow as more restaurants adopt digital technology to improve their operations and customer experience.

Restaurant Pos Terminals Market Share

The global restaurant POS terminals market is highly fragmented, with numerous players operating in the market. The market is dominated by a few key players, but there is also a large number of smaller players offering niche products and services.The top five players in the restaurant POS terminals market accounted for approximately 40% of the market share. These players include Toshiba Corporation, Verifone Systems Inc., PAX Technology Ltd., Ingenico Group, and NCR Corporation.Other significant players in the market include Toast Inc., Revel Systems Inc., Square Inc., TouchBistro Inc., and Lightspeed POS Inc., among others.The market share of each player is influenced by factors such as product offerings, pricing strategies, marketing efforts, and distribution networks. As the market continues to grow, competition among players is expected to intensify, leading to increased innovation and product development.

Restaurant Pos Terminals Market Trends

There are several key trends shaping the global restaurant POS terminals market:

Cloud-based Solutions: There is a growing trend towards cloud-based POS systems in the restaurant industry. Cloud-based solutions offer benefits such as scalability, flexibility, and accessibility, as they can be accessed from anywhere with an internet connection.

Contactless Payments: The COVID-19 pandemic has accelerated the trend towards contactless payments in the restaurant industry. Restaurant POS terminals are increasingly being equipped with contactless payment options such as mobile wallets, QR codes, and NFC technology.

Mobile POS Systems: The use of mobile POS systems is growing in the restaurant industry, allowing staff to take orders and process payments on handheld devices such as smartphones and tablets. This trend is particularly popular in quick-service restaurants and food trucks.

Integration with Third-party Services: Restaurant POS terminals are increasingly being integrated with third-party services such as delivery platforms and online reservation systems, allowing for a more streamlined and efficient customer experience.

Artificial Intelligence and Analytics: AI and analytics are being integrated into restaurant POS systems, allowing for more data-driven decision making and improved operational efficiency. For example, AI-powered systems can analyze customer data to suggest personalized menu items or make staffing recommendations based on sales data.

Overall, the restaurant POS terminals market is experiencing significant growth and innovation, as digital technology continues to transform the restaurant industry.

Restaurant Pos Terminals Market Driving factors

The global restaurant POS terminals market is being driven by several key factors, including:

Increasing Adoption of Digital Technology: The restaurant industry is increasingly adopting digital technology to improve operational efficiency, reduce costs, and enhance the customer experience. Restaurant POS terminals are an essential component of this digital transformation, as they help to streamline operations and provide valuable data insights.

Growing Demand for Contactless Payments: The COVID-19 pandemic has accelerated the trend towards contactless payments in the restaurant industry, as customers seek out safer payment options. Restaurant POS terminals are being equipped with contactless payment options such as mobile wallets, QR codes, and NFC technology to meet this demand.

Rise in the Number of Food Service Establishments: The number of food service establishments, including restaurants, cafes, and fast-food chains, is increasing globally, driving demand for restaurant POS terminals. The growing number of food service establishments is particularly evident in emerging economies such as China and India.

Need for Efficient and Streamlined Operations: Restaurant owners are increasingly looking for ways to improve operational efficiency and reduce costs. Restaurant POS terminals can help to streamline operations, reduce errors, and provide valuable data insights to help owners make more informed decisions.

Increasing Demand for Personalized Customer Experiences: Customers are increasingly seeking out personalized dining experiences, and restaurant POS terminals can help to deliver this through features such as loyalty programs, personalized menu recommendations, and targeted marketing campaigns.

Overall, the restaurant POS terminals market is being driven by a combination of factors related to digital transformation, operational efficiency, and customer experience.

Restaurant Pos Terminals Market Regional Analysis

The global restaurant POS terminals market can be analyzed based on regional segments, including:

North America: The North American region dominates the restaurant POS terminals market due to the high adoption rate of advanced technologies and the presence of established players in the region. The United States is the largest market in North America, accounting for the majority of the revenue share.

Europe: The European region is expected to witness significant growth in the restaurant POS terminals market due to the increasing adoption of digital technologies in the restaurant industry. The UK, Germany, and France are expected to be the major markets in the region.

Asia Pacific: The Asia Pacific region is expected to experience the highest growth rate in the restaurant POS terminals market due to the increasing number of food service establishments in the region and the growing adoption of digital technology in the restaurant industry. China, Japan, and India are expected to be the major markets in the region.

Latin America: The Latin America region is expected to witness moderate growth in the restaurant POS terminals market due to the increasing adoption of digital technology in the restaurant industry. Brazil and Mexico are expected to be the major markets in the region.

Middle East and Africa: The Middle East and Africa region is expected to witness steady growth in the restaurant POS terminals market due to the increasing number of food service establishments in the region and the growing adoption of digital technology. UAE, Saudi Arabia, and South Africa are expected to be the major markets in the region.

Overall, the global restaurant POS terminals market is expected to experience significant growth in the coming years, driven by the increasing adoption of digital technology in the restaurant industry and the growing demand for efficient and streamlined operations.

Restaurant Pos Terminals Market Forecasts 2030 

The global restaurant POS terminals market is expected to continue growing in the coming years, and is projected to reach USD 28.4 billion by 2030, at a CAGR of 9.6% from 2021 to 2030.Factors driving the growth of the market include the increasing adoption of digital technology in the restaurant industry, the growing demand for contactless payments, the rise in the number of food service establishments, the need for efficient and streamlined operations, and the increasing demand for personalized customer experiences.Additionally, the adoption of cloud-based POS terminals is expected to drive market growth, as it provides several benefits such as easy access to data, enhanced security, and cost savings. The increasing trend towards mobile POS terminals and the integration of artificial intelligence (AI) and machine learning (ML) in POS systems are also expected to drive market growth.Based on component, the software segment is expected to witness the highest growth rate during the forecast period, as restaurant operators increasingly adopt software-based POS systems to enhance their operational efficiency and customer experience.Based on end-user, the full-service restaurant segment is expected to dominate the market in terms of revenue share, due to the large number of full-service restaurants and their increasing adoption of POS terminals to improve their operations and customer experience.Regionally, the Asia Pacific region is expected to experience the highest growth rate, due to the increasing number of food service establishments in the region and the growing adoption of digital technology in the restaurant industry.

Overall, the restaurant POS terminals market is expected to continue growing in the coming years, driven by the increasing demand for efficient and streamlined operations, the growing adoption of digital technology, and the need to enhance the customer experience.

Restaurant Pos Terminals Market Key Industry Players

Some of the key players operating in the global restaurant POS terminals market include:

Verifone Systems Inc.

Ingenico Group

PAX Technology Limited

Toshiba Corporation

NCR Corporation

Panasonic Corporation

Micros Systems Inc.

Squirrel Systems

POSitouch

PAR Technology Corporation

NEC Corporation

Oracle Corporation

These companies are focusing on developing advanced and innovative POS systems that offer enhanced features such as mobile ordering, self-service options, contactless payments, and data analytics capabilities. They are also expanding their product offerings through strategic partnerships, collaborations, and acquisitions. For instance, in 2021, Verifone Systems Inc. announced its acquisition of 2Checkout, a leading payment platform, to enhance its e-commerce and omnichannel capabilities. Similarly, Ingenico Group partnered with Worldline, a payment and transactional services company, to offer advanced payment solutions to their customers.