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According to a report, "Restaurant Point of Sale (POS) Terminal Market Analysis By Product (Fixed, Mobile), By Component (Hardware, Software), By Deployment (Cloud, On Premise), By Application, By End-user, And Segment Forecasts, 2018 - 2025", published by Grand View Research, Inc., The global restaurant POS terminal market is expected to reach USD 24.7 billion by 2025. 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. 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. 

Key Takeaways from the report:

• 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

U.S. restaurant POS terminal market by end-user, 2014 - 2025 (USD million)

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.

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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.

Asia Pacific restaurant POS terminal market, by product 2016 (%)

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.

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

  • Self-serve kiosks

  • Cash counters terminal

  • Vending machine

• Mobile POS terminal

Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware

  • Touch Screen/ Desktop

  • Swipe card machine

  • 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)

  • Fine Dine

  • Casual Dine

• QSR (Quick Service Restaurant)

• Institutional

• Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • France

  • UK

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa 

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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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