San Francisco, 21
September 2018: The global restaurant
POS terminal market is
expected to reach USD 24.7 billion by 2025, according to a new report by Grand
View Research, Inc. The growing demand for POS system among the restaurant
operators for billing and management solution such as inventory management,
cost management, labor management is a major factor that is expected to drive
the market growth
Cloud-based
POS systems are projected to gain traction over the forecast period owing to
the benefits such as the ability to access real-time, enterprise-wide
restaurant data from web-enabled devices. Moreover, to this, the cloud-based
POS system quickly meet the PCI compliance as all data is stored on the cloud
which makes it a suitable option for the restaurant owner.
The
front-end application segment holds the largest share of restaurant POS
terminal market in 2016 and is expected to reach over USD 15 billion by 2025.
The quick service restaurant (QSR) is one of the largest segment of the food
service industry. The QSRs are facing high competitions within the food service
industry from fast casual, casual and full-service restaurant. Additionally,
there is high pressure on the QSR owner to provide faster service at the
comparatively low price. The restaurant POS system helps these operators in order
management, improving inventory buying decision, staff management, increase
customer satisfaction with faster payment processing and others.
The market
for quick-service restaurant segment is expected to grow at a CAGR of 11.1%
from 2017 to 2025. The market is also anticipated to witness a substantial
growth within the fine dine and casual dine segment over the next eight years.
Access Research Report
of Restaurant POS Terminal
Market @ www.grandviewresearch.com/industry-analysis/restaurant-point-of-sale-pos-terminal-market
Further key findings from the report suggest:
· The global restaurant POS terminal market
accounted for USD 10.16 billion in 2016 and is expected to grow at a CAGR of
10.1% from 2016 to 2025
· Fixed POS terminal emerged as the largest
segment in 2016 and is estimated to generate revenue over USD 7.79 billion by
2025.
· The hardware market for restaurant POS
terminal is anticipated to witness moderate growth over the next eight years.
The segment has been further segregated into touch screen/desktops, swipe card
machines, and desktops.
· The restaurant POS terminal market for FSR
is estimated to reach over USD 8 billion by 2025
· The Asia Pacific market is projected to
witness substantial growth over the next decade owing to growing adoption of
POS terminal among the restaurant operator. The regional market is expected to
grow at a CAGR of 9.7% from 2017 to 2025
· Key players include Ingenico SA, Verifone
System, and PAX technology dominated the market, accounting for a majority
share of the overall market in 2016
Browse more reports of
this category by Grand View Research at: www.grandviewresearch.com/industry/communication-services
Grand View
Research has segmented the restaurant POS terminal market on the basis of
product, component, deployment, application, end-user and region:
Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Fixed POS terminal
o
Self-serve kiosks
o
Cash counters terminal
o
Vending machine
·
Mobile POS terminal
Component
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hardware
o
Touch Screen/ Desktop
o
Swipe card machine
o
Others
·
Software
Deployment
Outlook (Revenue, USD Million, 2014 - 2025)
·
Cloud
·
On Premise
Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Front End
·
Back End
End-user
Outlook (Revenue, USD Million, 2014 - 2025)
·
FSR (Full Service Restaurant)
o
Fine Dine
o
Casual Dine
·
QSR (Quick Service Restaurant)
·
Institutional
·
Others
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
France
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
Access Press Release of
Restaurant POS Terminal Market@ www.grandviewresearch.com/press-release/global-restaurant-point-of-sale-pos-terminal-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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