Restaurant POS Terminal Market Size, Share, By Product Type (Fixed POS Terminal and Mobile POS Terminal), By Component (Hardware and Software), By Deployment (On-Cloud and On-Premise), By End User (Fast Food Restaurants, Casual Dining Restaurants, Fine Dining Restaurants and Others), and By Region - Trends, Analysis, and Forecast till 2034

Restaurant POS terminal market size was valued at USD 23.5 Billion in 2024 and is expected to reach USD 51.6 Billion by 2034, growing at a CAGR of 8.20%

POS terminal is the dining establishment's central hub. It includes computer and mobile device hardware and software. This data powerhouse can function as a full management system, depending on your needs, budget, and selected options.

The growing need for point-of-sale (POS) terminals is supported by their efficient administrative facility, which sets them above manual systems and conventional cashiers. The POS system's characteristics driving the sector's growth include sales evaluation, inventory management, client input, and staff management analysis.

The growing need for Point-of-Sale (POS) terminals is backed by their efficient administration facility, which sets these apart from manually operated or traditional cashiers. The marketplace is growing because of the capabilities of the point of sale system such as sales evaluation, managing inventory, feedback from clients, and staff management research.
The restaurant POS terminal's capabilities, such as handling payroll, tracking inventory, payment, and recording sales data, are all necessary for maintaining operations smoothly.

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Key Drivers of Target Market:

Growing Adoption of Digital Payment Solutions

• Due to the growing number of transactions that do not require cash, eateries are using point-of-sale (POS) systems that support many digital payment methods, including contactless transactions, debit and credit cards, and cellular wallets. The modification not only speeds up the process but also increases security and improves the consumer's satisfaction.

Growth of the Foodservice Industry

• The food service sector is growing quickly because of shifting consumer tastes and a growing curiosity about eating outdoors.
• The demand for green point-of-sale (POS) construction increases in tandem with the grand opening of fresh eateries and the growth of current ones, in order to cope with increasing quantities of transactions and operational troubles.

Restrains:

High Initial Investment

• Nonetheless, a lot of cafe owners—especially those operating autonomous or small businesses—might find the initial outlay of capital needed for a full point-of-sale system is a significant obstacle.
• This includes expenses related to goods, software, training, and ongoing upkeep. As a result, certain organizations will postpone or fail the introduction of better payment systems, so slowing the marketplace's growth.

Opportunities:

Cloud technology integration

• Businesses can track their activities from faraway places and send actual time earnings information using cloud-based payment systems. Administrators with various offices may find great use of this function, which simplifies processes and enhances making choices by analyzing collected information.

The market is segmented based on Product Type, Component, Deployment, End-User, and Region.

Product Type Insights:

• Fixed POS Terminal: Businesses have the ability to record transactions & accept payments through the point of auction, or POS. It is a computer cash register that has technology that can be used to create invoices, monitor stock and buying habits, add up orders, take payments, and collect information about marketing.
• Mobile POS Terminal:  With conventional points of purchase systems, MPOS solutions demand little installation. A compact desktop machine linked to a touch display, cash drawers, receipt printers, and barcode scanners is the typical setup for traditional payment systems. A standard phone equipped with a debit card reader and 5G cell conjunction can serve as the minimum need for an MPOS. Due to this, mPOS can actually be used anyplace and requires far less installation money.

Component Insights:

• Hardware: In addition, point-of-sale hardware is increasingly accessible, lightweight, and portable. If you're contemplating getting an eatery point of purchase (POS), it's important that you understand what kind of hardware is required and how to select the best one for your business.
• Software: The tangible component, on the other together, is POS software. System code is what makes the whole thing work. For the software to work properly, the right equipment is required.

Deployment Insights:

• On-Cloud: The marketplace for cafe point-of-sale (POS) terminals, particularly for online solutions, is centered on the use of systems and technology that may be housed on remote servers in addition to improving and controlling dining processes.
• On-Premise: An upon-premise cafe point of sale fatal on the contrary, Report Phrase is a point-of-sale device wherein the application is set up and operated directly on the establishment's servers rather than depending on a system that utilizes the cloud.

End User Insights:

• Fast Food Restaurants: The stage of the Restaurant POS Terminal marketplace dedicated to fast meal institutions emphasizes the efficiency of activities, facilitating fast assistance, and improving the customer experience. These systems are designed to efficiently handle massive transactions by combining placing orders, and price processing, with control of inventory in a single, coherent platform.
• Casual Dining Restaurants: The Restaurant POS Station market focuses on presenting frameworks that embellish customer processing, pricing transactions, and customer assistance control of casual dining businesses.
• Fine Dining Restaurants: In the field of Fine Dining Restaurants, the Restaurant POS Terminal business is geared towards delivering intricate, feature-rich solutions designed to enhance customer satisfaction, optimize processes, and precisely manage luxurious customer service standards.
• Others: In general through improvement in order management, pricing being processed, and interpersonal operations, the eating establishment POS Terminal marketplace serves bars, cafés, and food trucks along with Fast Food, Informal Dining, and Fine Dinner Restaurants.

Regional Insights:

• North America: The dining establishment POS terminal business in the United States is being influenced by the region's amazing adoption of modern technologies including cloud-based software and mobile device pricing options, as well as the need for streamlined dining locations that have developed statistics on clients.
• Asia Pacific: The food service sector is growing, digital pricing structures are growing increasingly popular, and advanced consumer research is becoming increasingly vital in emerging markets such as China and India. These variables are all leading to the enormous boom the restaurant POS terminals market is experiencing throughout the region of Asia-Pacific.
• Europe: The European restaurant POS terminal marketplace is driven by the increased use of virtual prices in the area, a rising need for powerful order processing, and the increasing acceptance of online POS solutions for full-service and quick-service eateries.
• Latin America: The need for green and smooth transactions, along with the growth of quick-provider dining establishments, resulted in an increase in the utilization of online price responses in Latin America's cafe POS terminal industry.
• Middle East and Africa: The Middle East and Africa's restaurant point-of-sale (POS) market is growing rapidly, which could be related to the rising demand among consumers for efficient billing solutions and deeper research on clients in the lodging industry.

Restaurant POS Terminal Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Product Type, Component, Deployment, End-User, and Region.

Segmentation:

By Product Type:

• Fixed POS Terminal
• Mobile POS Terminal

By Deployment:

• On-Cloud
• On-Premise

By End-User:

• Fast Food Restaurants
• Casual Dining Restaurants
• Fine Dining Restaurants
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the Restaurant POS Terminal Market include VeriFone Systems Inc., Harbortouch Payments, Revel Systems Inc., NXP Semiconductor N.V., TouchBistro Inc., VeriFone Systems Inc., Aireus Inc., Ingenico Group, NCR Corporation, Oracle Corporation and Action Computer Systems, Dinerware, Inc., PAX Technology Limited, and Partech, Inc.

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• In January 2024, Partech, Inc., the Paragon Wave is an all-in-one touch panel created as a hardware component for the hospitality industry, introduced by a restaurant POS supplier. Efficiency, safety, functionality, and creative layout are all integrated in PAR's Wave to meet the demands of the restaurant business.
• In May 2023, Toast, Inc., A dining establishment POS the vendor with Deliverect, a company providing solutions for streamlining online orders from meal delivery companies into cafe POS systems, have teamed. With this partnership, Delivered intended at utilizing the Toast Partners Environment to assist businesses handle orders placed online from their Toast points of sale systems with increased adaptability and comfort.

• VeriFone Systems Inc.
• Harbortouch Payments
• Revel Systems Inc.
• NXP Semiconductor N.V.
• TouchBistro Inc.
• Aireus Inc.
• Ingenico Group
• NCR Corporation
• Oracle Corporation and Action Computer Systems
• Dinerware, Inc.
• PAX Technology Limited
• Partech, Inc.