Restaurant Point-of-Sale Terminal Market (By Product: Fixed, Mobile; By Component: Hardware, Software; By Deployment: Cloud, On-Premise; By Application: Front-End, Back-End; By End-user: FSR, QSR, Institutional, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Aug 2021 | No. of Pages : 150+ Pages | Category : Semiconductor and Electronic

The global Restaurant Point-of-Sale Terminal market size is expected to be worth around US$ 35.95 billion by 2030, according to a new report by Vision Research Reports.

The global Restaurant Point-of-Sale Terminal market size was valued at US$ 25.46 billion in 2020 and is anticipated to grow at a CAGR of 10.4% during forecast period 2021 to 2030.

Growth Factors

The need to facilitate multiple payment options, inventory tracking, automated analysis, quick service, centralized recipe and menu management, and  (CRM) is boosting the demand for restaurant Point-of-Sale (POS) terminals over the forecast period. However, the COVID-19 pandemic slowed the market growth owing to closed restaurant business while only the online order system was functional. The restaurant sector is recovering in 2021 and POS vendors have taken measures to introduce new features beneficial for planning the recovery roadmap for restaurateurs.

The restaurants, bars, and food service providers rely highly on POS technology to track sales, products, operations, and inventory. Touchscreen ordering techniques are preferred to guarantee accurate customer orders. The POS technology tends to account for the largest portion of the restaurants’ IT budgets and investments, as it serves as an important tool to track sales. The bigger restaurants such as fine dining restaurants, nightclubs, breweries, hotels, cafes, pubs, wineries, and casinos have high-priced menus, and customers prefer card payment in such a scenario. Thereby, the menu price and size of the restaurants act as a stimulus to augment the demand for restaurant POS terminals. 

Report Highlights

 The demand for mobile terminals is expected to register a CAGR surpassing 5.0% over the forecast period. The growth is attributed to increased table turns, improved service level, less operation cost, available accurate dish information, suggestive selling, and mobility to attend customers. The affordability of owning mobile devices like smartphones and tablets and the boost of wireless technology have contributed to the increased adoption of mPOS terminals among restaurant owners. Additionally, the higher Return on Investment (RoI) in the long run and additional insights to improve order accuracy, revise menu based on customer preference, increasing sales and profitability, and rationalizing order processing have compelled the restaurateur to adopt restaurants POS terminals.

The fixed product segment is sub-segmented into cash counters terminal, self-serve kiosks, and vending machine. The fixed product segment accounted for the largest market in 2020. The market size witnessed a rise primarily attributed to the implementation of point of sale terminals in bigger restaurants that serve a large number of customers and have multiple outlets to manage.

The component segment is bifurcated into hardware and software. The hardware segment captured the largest market share exceeding 77.0% share in 2020. The hardware segment is classified into touchscreen/desktop, swipe card machine, and others. Restaurants need additional hardware to complete the POS system which includes, touchscreen monitor or tablet, cash drawer, EFTPOS, and receipt printer. The improvement in these devices individually such as the introduction of OLED display and touch screen, thermal receipt printer, and touch payment EFTPOS is expected to drive market growth.

The deployment segment is segmented based on cloud and on-premise deployment modes. The cloud segment is anticipated to exhibit a CAGR exceeding 7.0% over the forecast period. Cloud-based deployment offers increased data visibility, mobility for businesses, improved data security, decreased downtime during updates and streamlined information across multiple locations. The security, economic and operational benefits of implementing POS on the cloud have become apparent for quick-service restaurateurs to upscale culinary experiences.

The application segment is bifurcated into the back end and front end. The front-end segment accounted for a market share of more than 72.0% in 2020. The primary reason for the adoption of the restaurant POS terminal is to carry out front-end operations, such as food ordering, billing, tracking sales, payment processing, order management, customer interaction, reporting, and marketing. Additionally, the need to gain insight on the most popular menu item, track food usage, and generate sequential order is expected to favor the segment growth.

The end-user segment includes Full-Service Restaurant (FSR), Quick Service Restaurant (QSR), and institutional FSR. Institutional FSR is further sub-segmented into casual dine and fine dine. The FSR segment dominated the market in 2020 accounting for over 49.0% of the global revenue share. The casual dining segment emerged as the highest revenue contributor owing to affordable and convenient eating options and rising casual dining brands such as McDonald's, Wendy’s, Pizza Hut, and Dunkin that have readily adopted POS terminal for their large outlets.

The Asia Pacific remained the largest market for restaurant POS terminals in 2020 accounting for more than 40% of revenue share. It is projected to expand at the fastest CAGR during the forecast period due to the rapidly expanding and evolving foodservice industry in countries, such as India and China, as a result of favorable demographic conditions and increased disposable income levels. 

Report Coverage Details
Market Size US$ 35.95 billion by 2030
Growth Rate

CAGR of 10.4% From 2021 to 2030

Base Year 2020
Forecast Period 2021 to 2030
Segments Covered Product, Component, Deployment, Application, End-user, Region
Companies Mentioned PAX Technology Limited, Verifone Systems Inc., NCR Corporation, Revel Systems, Aireus Inc., Dinerware, Inc., Posist, EposNow, LimeTray

Key Players

  • PAX Technology Limited

  • Verifone Systems Inc.

  • NCR Corporation

  • Revel Systems

  • Aireus Inc.

  • Dinerware, Inc.

  • Posist

  • EposNow

  • LimeTray

  • POSsible POS

  • Oracle Corporation

  • Posera

  • ShopKeep (acquired by LightSpeed)

  • Squirrel Systems

  • TouchBistro

  • Upserve, Inc. 

Market Segmentation

 Product Outlook 

    • Fixed

      • Self-serve Kiosks

      • Cash Counters Terminal

      • Vending Machine

    • Mobile

  • Component Outlook

    • Hardware

      • Swipe Card Machine

      • Touchscreen/Desktop

      • Others

    • Software

  • Deployment Outlook 

    • Cloud

    • On-Premise

  • Application Outlook 

    • Front-End

    • Back-End

  • End-user Outlook 

    • FSR

      • Fine Dine

      • Casual Dine

    • QSR

    • Institutional

    • Others

  • Regional Outlook

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa (MEA)

The Restaurant Point-of-Sale Terminal market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Restaurant Point-of-Sale Terminal market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Restaurant Point-of-Sale Terminal market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Restaurant Point-of-Sale Terminal market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Restaurant Point-of-Sale Terminal market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Restaurant Point-of-Sale Terminal capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Restaurant Point-of-Sale Terminal by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Restaurant Point-of-Sale Terminal market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Restaurant Point-of-Sale Terminal market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Restaurant Point-of-Sale Terminal market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Restaurant Point-of-Sale Terminal industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Restaurant Point-of-Sale Terminal 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 Terminal market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Restaurant Point-of-Sale Terminal market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Restaurant Point-of-Sale Terminal market. These factors have benefited the growth of the global market for Restaurant Point-of-Sale Terminal. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Restaurant Point-of-Sale Terminal. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Restaurant Point-of-Sale Terminal are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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