Restaurant Point of Sale (POS) Terminal Market Segmentation by Product ; by Component; by Application ; by Region - Global Market Analysis, Trends, Opportunity and Forecast, 2024-2033

Restaurant Point of Sale (POS) Terminal Market Overview

The global Restaurant Point of Sale (POS) Terminal Market was valued at USD 24.2 billion in 2024. The market is expected to expand at a CAGR of 10.1% from 2024-2033, and is expected to cross value of USD 52.5 billion by the end of 2033.

A restaurant point of sale terminal is an electronic, cloud-based system that manages restaurant business, including orders, bills, staff scheduling, inventory management, delivery tracking, customer data, health and food safety schedules for the staff and integrated payments. Restaurant point-of-sale hardware terminal functions on software and is helpful for restaurant owners. POS provide regular, monthly or annual data on sales, customer food preferences, online food orders and deliveries, contactless menus and payments. Restaurant point of sale is more useful for franchise restaurants, bars, pubs and cafes, as it can manage multiple restaurant data at the same time. This advanced technology adoption is increasing rapidly due to its innovative features. As per the United States Department of Agriculture research, food away from home (FAFH) is growing  and owners are investing in their businesses. Full-service and limited-service restaurants, both segments combinedly, comprise approximately 68.8% of food away from home expenditure. Full-service restaurants accounted for 34.1%, and limited-service restaurants accounted for 34.7%. Rising FAFH spending is likely to boost the restaurant point of sale terminal market share. Aireus Inc., Dinerware, Inc., EposNow, LimeTray, NCR Corporation, and Oracle Corporation are some of the companies in the global restaurant point of sale (POS) market that provide a wide range of restaurant point of sale terminals as per consumer demands.

Japan Restaurant Point of Sale (POS) Terminal Market Overview

Japan has an extensive food and restaurant industry due to the Japanese culture of formal lunch, dinner, and brunch meetings. Japanese food is worldwide famous, especially seafood and sushi, which are very popular, and rising tourism contributed to Japanese restaurant business growth in 2022. Japan is known for its advanced technology adoption and integration of POS in restaurants, bars, and pubs is rapidly increasing as it provides convenient business and customer management and reduces labor needs. The country’s food service industry experienced significant growth of 14.2%, and the market size reached USD 237 billion; expanding restaurant businesses are adopting the restaurant point-of-sale terminals and contributing to the market growth. Japanese tourism has crossed the number of 10 million; the rising tourism sector and food industry growth will benefit the restaurant point-of-sale terminal market in Japan. NEC Corporation, NCR Corporation, Pax Japan, Sharp Electronics, and Uniwell Corporation are some of the manufacturers in Japan's restaurant point-of-sale terminal market.

Restaurant Point of Sale (POS) Terminal Market Drivers – Analyst’s Observation

According to the analysts, some key growth drivers for the Restaurant Point of Sale (POS) Terminal Market are as follows:

• Rising Outdoor Meetings Trends: Social gatherings and formal meetings are shifting to outdoor lunches, dinners, brunch, or cocktail parties. Restaurant point-of-sale terminal adoption is increasing in café, bars, bistros, coffee stores, restaurants and other food and drink places, as it allows customers to order and bill through their phones and enhances privacy in meetings. It is also advantageous for the business as it records the customer's food choices, which can build good relationships and help in marketing. Rising demands for contactless payments and menus will propel the restaurant point of sale terminal market growth.
• Increasing Online Food Ordering: The online food delivery industry has witnessed rapid growth after covid pandemic. Worldwide online food delivery services are expected to reach a market size of USD 200 billion with a high market growth. Restaurant point-of-sale terminal integration is increasing in cloud kitchens and restaurants with the growing Online food delivery system, which is not just useful in emergencies but also fulfills food cravings. Online food delivery systems allow the consumer to have their favorite food at home from the specific place they want. The POS helps to maintain the customer data bills and provide food delivery tracking to the owner and customer to build transparency. Rising online food ordering will fuel the market share of the restaurant point-of-sale terminal market.

Which Probable Factors Could Hamper the Restaurant Point of Sale (POS) Terminal Market Trend?

As per our analysis, some of the challenges expected to limit the global market growth of Restaurant Point of Sale (POS) Terminal Market are as follows:

• Initial Investment Cost: The restaurant's point of sale terminal is an advanced technology that requires hardware, software, cloud storage, and internet connectivity to build a strong network. Such advanced functions require all these for efficient performance. Internet connectivity, cloud storage, and software updates can be expensive; hence, it is not ideal for new or low-middle-income restaurants. The high investments can be an obstacle for the restaurant's point of sale terminal market growth.
• Complex Technology: The restaurant point of sale terminal is an innovative technology for restaurant owners, but it requires a grip on technology. The system completely works online software and screen-based hardware systems, storing all the data, including bills, orders, sales, staff management, and ingredient storage. Complex technology can be difficult to understand for some business owners as well as it also creates privacy doubts in customer mind. Moreover, in case of technical failure the overall restaurant management can be disturbed. These factors can hinder the restaurant point of sale (POS) terminal market growth.

How is the Restaurant Point of Sale (POS) Terminal Market Segmented?

Our experts have segmented the Restaurant Point of Sale (POS) Terminal Market according to the points mentioned below:

• By Product
  • Fixed
  • Mobile
  • Market
• By Component
  • Hardware
  • Software
  • Service
• By Application
  • FSR
  • Fine dine
  • Casual dine/fast casual
  • QSR
  • Bars & Pubs
  • Cafes & Bistros
  • Others
• By Region:
  • North America
  •  Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Timeline considered for all these studies will be:

2023 – Base Year

2024 – Estimated Year

2024-2033 – Forecast Period

What are the Probable Factors Influencing the Asia Pacific Having the Highest Market Share Restaurant Point of Sale (POS) Terminal Market Forecast?

Asia Pacific internet connectivity adoption is rapidly increasing, and people are shifting towards online and cloud-based systems in every industry. Restaurants and other food and drink sectors are adopting point-of-sale terminal systems to strengthen their business online and offline. Asia Pacific has 2.6 billion active internet users, which accounts for 52.8% of worldwide internet users. Asia Pacific is experiencing growth in e-commerce, which is the highest in the global market, e-commerce revenue in the region is expected to expand to USD 2.5 trillion by the end of 2024. The growing internet connectivity and e-commerce websites are driving the market growth of the restaurant point of sale terminal market; the integration of POS allows easy online food deliveries, cloud kitchen management, offline restaurant or bar management, and many other essential services. The food market dominates in the e-commerce sphere, as the food and personal care category comprised 26% growth; the market size was USD 381 billion before the pandemic and reached USD 482 billion after the pandemic in Asia Pacific. Food delivery experienced rapid growth in Japan, where 45% to 49% used online food deliveries; rising internet connectivity allows consumers easy and convenient food services and payments and boosts the restaurant point of sales (POS) terminal market share. Fujian Newland Payment Technology Co., Ltd., PAX Global Technology, NEC Corporation, NCR Corporation, Sharp Electronics, and Uniwell Corporation are some major companies in the restaurant point of sale (POS) terminal market in Asia Pacific.

 What are the Probable Factors Influencing the Asia Pacific Restaurant Point of Sale (POS) Terminal Market Forecast?

China has the fastest-growing restaurant point-of-sale terminal market in Asia pacific due to its fast internet and technology adoption. The region has a large food and beverage industry worldwide. Internet connectivity supports the prevalence of point-of-sale terminal integration in restaurants, food courts, coffee shops, bars, and other places. China ranks 10th in the highest number of internet users and has significantly higher mobile internet and fixed broadband speeds than other countries. The fast internet activity allows efficient services by point of service, including contactless billing, ordering, sales data, staff management and scheduling, food ingredient data and storage management, customer management, delivery tracking, and many other services. Rising digitalization and the prevalence of high-speed internet connectivity help the restaurant point-of-sale terminal market to grow fast in Asia Pacific.

Restaurant Point of Sale (POS) Terminal Market Key Players

Some key players in the Restaurant Point of Sale (POS) Terminal Market are as follows:

• Aireus Inc.
• Dinerware, Inc.
• EposNow
• LimeTray
• NCR Corporation
• Oracle Corporation
• ParTech, Inc
• PAX Technology Limited
• Posera
• Posist
• POSsible POS
• Revel Systems
• ShopKeep (acquired by LightSpeed)
• Snack POS
• Squirrel Systems
• Toast, Inc.
• TouchBistro
• Upserve, Inc.
• Verifone Systems Inc.
• Other Key players and Niches

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Restaurant Point of Sale (POS) Terminal Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Product
      2. By Component
      3. By Application
      4. By Region
5. Market Segmentation by Product
   1. Fixed
   2. Mobile
   3. Market
6. Market Segmentation by Component
   1. Hardware
   2. Software
   3. Service
7. Market Segmentation by Application
   1. FSR
   2. Fine dine
   3. Casual dine/fast casual
   4. QSR
   5. Bars & Pubs
   6. Cafes & Bistros
   7. Others
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product
         4. Market Analysis by Component
         5. Market Analysis by Application
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Aireus Inc.
      2. Dinerware, Inc.
      3. EposNow
      4. LimeTray
      5. NCR Corporation
      6. Oracle Corporation
      7. ParTech, Inc
      8. PAX Technology Limited
      9. Posera
      10. Posist
      11. POSsible POS
      12. Revel Systems
      13. ShopKeep (acquired by LightSpeed)
      14. Snack POS
      15. Squirrel Systems
      16. Toast, Inc.
      17. TouchBistro
      18. Upserve, Inc.
      19. Verifone Systems Inc.
      20. Other Key players and Niches
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References