Restaurant POS Terminals Market | Acumen Research and Consulting

Restaurant POS Terminals Market Highlights

• Global restaurant POS terminals market revenue is poised to garner USD 46.2 billion by 2032 with a CAGR of 9.5% from 2024 to 2032
• Asia-Pacific restaurant POS terminals market value occupied around USD 7.8 billion in 2023
• Asia-Pacific restaurant POS terminals market growth will record a CAGR of more than 10.4% from 2024 to 2032
• Among end-user, the FSR sub-segment generated USD 8.6 billion revenue in 2023
• Based on deployment, the on-premise sub-segment generated 75% restaurant POS terminals market share in 2023
• Increasing adoption of contactless payment technologies is a popular restaurant POS terminals market trend that fuels the industry demand

The growing adoption of mobile advances in the restaurant POS terminals market is giving a few points of demand to food outlets including expanded deals, client encounter upgrades, enhanced security, proficient and precise exchanges, convenience of the developing exchange volumes, and more affordable, simple movement to EMV, and tolerating versatile wallet payments. These advantages enable small restaurants to get every one of the capacities that were performed in fixed terminals done at an entirely moderate expense. Expanded versatility of these gadgets enables these food outlets to give payment alternatives to clients at their doorsteps with the utilization of cards or mobile wallets, in this manner quickening the reception of these arrangements in food conveyance applications.

Global Restaurant POS Terminals Market Dynamics

Market Drivers

• Rising demand for digital payment solutions
• Expansion of the global foodservice industry
• Increased focus on enhancing customer experience
• Growing adoption of cloud-based POS systems

Market Restraints

• High initial installation costs for advanced POS systems
• Data security and privacy concerns
• Limited internet connectivity in some regions

Market Opportunities

• Expansion in emerging markets like Asia-Pacific and Latin America
• Integration of AI and analytics for personalized services
• Growth of mobile and tablet-based POS systems

Restaurant POS Terminals Market Report Coverage

Restaurant POS Terminals Market Insights

The restaurant POS terminals market is seeing a high development because of the expanded selection of such payment solutions in a few application sections including FSR, QSR, and so forth. With an ascent in the foundation of food outlets to serve distinctive sorts of food things to clients, the demand for such propelled arrangements will develop quickly. FSRs are putting forth multi-cuisine dishes because of the nearness of clients from various districts or nations, who have diverse tastes and enthusiasm for food items. Such factors are driving the establishment of numbers of restaurants. Producers in the market are focusing on such restaurants with an expansive client base and where the prerequisite for inventory management solutions & effective sales are required. The players give arrangements that are adaptable dependent on the business tasks of restaurant. It enables food outlets to deal with their business, payment, and stocks with the assistance of a single solution, in this way lessening the extra expense of introducing numerous frameworks.

Although the plastic cards equipped with magnetic stripe remain the primary form for payment transactions in most of the markets today, new modes of accessing financial accounts are becoming extensive. Technological innovations are offering new ways to pay and accept payments. As a result, a new potential has been offered to the card payment acceptance infrastructure overcoming barriers for slow growth rate of POS terminals. For instance, contactless POS terminals could be used for NFC-enabled phones in the markets where smartphones are growing.

Restaurant POS Terminals Market Segmentation

The worldwide restaurant point of sale terminal market is split based on product, component, deployment, application, end-user, and geography.

Restaurant POS Terminals Market By Products

• Fixed POS Terminals
• Mobile POS Terminals

According to restaurant POS terminals industry analysis, the fixed POS terminals category is predicted to be the largest. Fixed POS systems are popular owing to their comprehensive features, dependability, and integration capabilities, which are critical for handling high-volume transactions in crowded restaurant environments. These terminals often include extensive features like inventory management, customer relationship management, and detailed reporting, making them essential for full-service restaurants, pubs, and large-scale food chains. While mobile POS terminals are gaining popularity due to their flexibility and ease of use, particularly in quick-service and small-scale establishments, fixed POS terminals extensive capabilities and established presence make them the preferred choice for larger, more complex restaurant operations.

Restaurant POS Terminals Market By Components

• Hardware
• Software
• Services

In the restaurant POS terminals market, the hardware segment is the major component. This dominance stems from the critical role hardware plays in constructing a viable POS system. Touchscreen terminals, receipt printers, barcode scanners, and card readers are essential for daily restaurant operations. The demand for long-lasting, dependable, and high-performance hardware is enormous, especially in applications that require consistent, high-speed transaction processing. As restaurants update to more complex systems to improve productivity and customer experience, the hardware segment continues to grow rapidly. Its relevance is heightened by the continual demand for new installations, replacements, and maintenance, which ensures its market leadership.

Restaurant POS Terminals Market By Deployments

• Cloud
• On-Premise

The on-premise deployment segment leads the industry during the restaurant POS terminals market forecast period. Many restaurants prefer on-premise solutions because they allow for greater control over data and operations. These systems are put directly into the restaurant's existing hardware, allowing for customization to fit unique business requirements. Furthermore, larger or more established restaurants that prioritize security will generally prefer on-premise solutions since they may keep critical customer and transaction data locally rather than on the cloud. On-premise systems are also more reliable because they may run even without internet access, assuring ongoing service. The on-premise sector is the market's top choice because to its combination of control, security, and reliability.

Restaurant POS Terminals Market By Applications

• Front-End
• Back-End

In the restaurant POS terminals market, the front-end application segment is developing as very important. This sector contains interfaces and tools that employees use to deal with customers, such as order entry systems, payment processing, and customer interaction features. As restaurants focus more on improving the customer experience, the demand for sophisticated front-end solutions has increased dramatically. These technologies make ordering easier, minimize wait times, and provide convenient payment choices, all of which contribute to higher customer satisfaction. The emergence of digital menus, tableside ordering, and integrated loyalty programs has increased the importance of front-end uses making them an essential component in modern restaurant operations.

Restaurant POS Terminals Market By End-Users

• FSR
  • Fine dine
  • Casual Dine/Fast Casual
• QSR
• Bars & Pubs
• Cafes & Bistros

The full-service restaurant (FSR) segment is becoming a key player in the restaurant POS terminals market. FSRs, known for their extensive dining experiences, require powerful POS systems to manage their complicated operations, which include detailed order management, customer service, and payment processing. As these businesses focus on providing personalized and efficient service, there is an increasing demand for POS systems that can handle everything from reservations to split billing. The capacity of POS systems to interact with kitchen display systems, manage inventory, and support customer loyalty programs makes them indispensable in the FSR setting. This growing reliance on technology to improve visitor experiences is boosting the FSR segment's market share.

Restaurant POS Terminals Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Restaurant POS Terminals Market Regional Analysis

The Asia-Pacific region is the largest and fastest-growing market for restaurant POS terminals. This rise is being driven by the rapid expansion of the foodservice business in countries such as China, India, and Southeast Asia, where urbanization and rising disposable incomes are driving increased dining out experiences. The region's diversified culinary scene, along with a growing population, has resulted in an increase in the number of restaurants, cafes, and food chains, all of which use innovative POS systems to improve operational efficiency and customer service.

Furthermore, the push for digitalization and broad adoption of mobile payment solutions in Asia-Pacific drive demand for sophisticated POS terminals. Governments and businesses in the region are rapidly using technology to improve operations, cut costs, and provide customers with convenient, cashless payment choices. Furthermore, the competitive nature of the Asia-Pacific foodservice industry, combined with the growing trend of cloud-based and mobile POS systems, is propelling the area to the forefront in terms of restaurant point of sale terminal market size and growth rate.

Restaurant POS Terminals Market Players

Some of the top restaurant POS terminals companies offered in our report includes Posist, ParTech, Inc, Oracle Corporation, LimeTray, Aireus Inc., Revel Systems, POSsible POS, Posera, NCR Corporation, Dinerware, Inc., PAX Technology Limited, and EposNow.