About Restaurant POS Terminals
The restaurant’s point of sale Terminals known as a POS system, is a combination of hardware and software that manages workflows and transactions in food and beverage establishments. The restaurant POS system is used by food trucks, cafes, and all types of restaurants, small and large. To maintain business operations, the restaurant POS terminal performs functions including billing, recording sales data, payroll management, and inventory control. Increasing concern of the related to the cyberattacks and data breaches may disrupt restaurant POS terminals. Increasing adoption of POS terminals by restaurants for streamlining the operations is expected to provide more opportunities for the market to growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 9.4% |
The restaurant point of sale (POS) terminals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Restaurant point of sale (POS) terminals market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Restaurant POS Terminals market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Toast (United States), Lightspeed (Canada), Clover (United States), Oracle (United States), Erply (United States), Helcim (United States), Korona (United States), Vend (Canada), Sapaad (Singapore) and CovaPOS (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cake (United States), Upserve (Island), Square(United States), Miva Merchant (United States) and Fast Spring (United States).
Segmentation Overview
AMA Research has segmented the market of Global Restaurant POS Terminals market by Type (Legacy Software, Cloud Computing Terminals, Mobile Terminals and Self-service Terminals) and Region.
On the basis of geography, the market of Restaurant POS Terminals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Hardware will boost the Restaurant POS Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Bars and Pubs will boost the Restaurant POS Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. On Premises will boost the Restaurant POS Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device Supported, the sub-segment i.e. Windows will boost the Restaurant POS Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Model, the sub-segment i.e. Monthly Payment will boost the Restaurant POS Terminals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Cloud Based POS system
Market Growth Drivers:
Increasing adoption of digital solutions, Increasing Inclination towards Multi-store Management and Growing demand of Self Services
Challenges:
Concern related Cyber Security
Restraints:
Lack of Technical Expertise
Opportunities:
Development of Customized industry specific solution
Market Leaders and their expansionary development strategies
In June 2023, Toast started partnership with DoorDash to expand delivery reach. This partnership will allow Toast restaurants to offer delivery through DoorDash's network of over 200,000 Dashers.
In November 2023, Toast launched Next-Gen Restaurant Management Platform. The new platform includes a number of new features, such as a redesigned user interface, improved inventory management, and enhanced reporting capabilities.
Key Target Audience
Potential Investors, Market Research and Consultancy firm, Customers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.