What Does The Strategic Industry Forecast Indicate For The Restaurant POS Terminals Market Through 2029?
How Has The Restaurant POS Terminals Market Performed Historically, And What Growth Trajectory Is Expected Ahead?
The restaurant pos terminals market size has grown strongly in recent years. It will grow from $16.15 billion in 2024 to $17.4 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to customization and integration, economic conditions, consumer behavior, market entrants, adoption phases.
The restaurant pos terminals market size is expected to see strong growth in the next few years. It will grow to $24.28 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to mobile integration, cloud-based solutions, contactless payments, ai and analytics, demand for customization. Major trends in the forecast period include evolving user interfaces, demand for mobility, omnichannel capabilities, integration of qr codes, subscription-based models.
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What Are The Main Market Drivers Shaping The Progression Of The Restaurant POS Terminals Market?
The growing trend of online food ordering is expected to propel the growth of the restaurant POS terminal market going forward. Online food ordering is the process of placing a food order from a website or other application, either for delivery or pickup. The expansion of online ordering and meal delivery is partly a result of shifting consumer tastes. Restaurant customers are increasingly using mobile apps to place online food orders. Restaurants are utilizing POS systems more frequently to streamline operations and improve customer satisfaction. For instance, according to a food delivery article, published in January 2023 by Appmysite, a US-based no-code mobile app builder, 70% of the customers in the USA prefer to purchase food online and want to have it delivered. Compared to on-site ordering, digital ordering is expanding at a rate that is almost three times faster. Therefore, the growing trend of online food ordering is expected to propel the growth of the restaurant POS terminal market.
What Leading Segment Types Are Used To Analyze The Restaurant POS Terminals Market?
The restaurant pos terminalsmarket covered in this report is segmented —
1) By Type: Fixed POS Terminals, Mobile POS Terminals
2) By Deployment Mode: On-Premise, Cloud
3) By Application: Front End, Back End
4) By End User: Full-Service Restaurant (FSR), Quick Service Restaurant (QSR), Institutional Full-Service Restaurant, Other End Users
Subsegments:
1) By Fixed POS Terminals: Traditional POS Systems, Integrated POS Systems, Kiosk POS Terminals
2) By Mobile POS Terminals: Tablet POS Systems, Smartphone POS Applications, Handheld POS Devices
Which Trend Shifts Are Redefining Opportunities In The Restaurant POS Terminals Market?
Product innovation is a key trend gaining popularity in the restaurant POS terminals market. Major companies operating in the restaurant POS terminals market are focused on developing innovative solutions to strengthen their position in the market. For instance, in April 2022, Toast, Inc. a US-based restaurant management cloud-based software company launched Toast for Quick Service, a specially designed POS system geared toward limited-service restaurants of all sizes. Toast Mobile Order and Pay Kiosks, for instance, offer enhanced capabilities from Toast’s restaurant-grade hardware, enabling companies to accept orders more quickly and precisely, resulting in fewer comps and voids as well as higher gratuities and increased staff retention.
Who Are The Core Market Contributors Recognized Within The Restaurant POS Terminals Market Ecosystem?
Major companies operating in the restaurant pos terminals market include NCR Corporation, NEC Corporation, Oracle Corporation, Panasonic Holdings Corporation, PAX Technology, VeriFone Systems Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, Squirrel Systems Inc., PAR Technology Corporation, TouchBistro Inc., POS-X LLC, Kounta, POS Nation, Posist Technologies Pvt. Ltd., Posiflex Technology, Touch Dynamic, Micros Retail Systems Inc., Aures Group, Diebold Nixdorf Incorporated, INGENICO S.A., Lightspeed Management Company LLC, Revel Systems Inc., Shift4 Payments Inc., Clover Network Inc., ShopKeep
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Which Geographical Areas Are Expected To Witness The Most Substantial Restaurant POS Terminals Market Expansion Ahead?
Asia-Pacific was the largest region in the restaurant POS terminals market in 2024. The regions covered in the restaurant pos terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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