Global Restaurant POS Terminal Market Report 2022 by The Business Research Company – Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, July 12, 2022 /EINPresswire.com/ — According to the “Global Restaurant POS Terminal Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, the restaurant POS terminal market size is expected to reach $39.95 billion in 2026 with a CAGR of 8.8%. The growing demand for mobile POS systems is expected to propel the growth of the restaurant POS terminal industry in the future.
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The restaurant point-of-sale (POS) terminal market includes sales of restaurant point-of-sale systems by entities (organizations, sole traders, and partnerships) that are used to reduce turnaround times by accepting orders at table and instantly printing the KOTs. Restaurants are deploying POS systems to operate with improved efficiency, reduce billing time, monitor order fulfillment time, and prevent order errors during peak hours. They involve payroll management, inventory control, recording of sales figures and invoicing to ensure business functions. POS terminal systems are integrated with online ordering, e-wallets, table reservations, loyalty programs and many more.
Global Restaurant POS Terminal Market Trends
Technological advancements have become a key trend that is gaining popularity in the market. According to the restaurant POS terminal market analysis, major companies are focusing on new technology solutions to meet consumer demand and maintain their position. For example, in August 2019, Future Group, an India-based conglomerate, launched a cloud-based PoS system called LivQui based on Poynt’s Smart Terminal technology. It provides an ecosystem of apps that allows merchants to grow their business through better inventory management. It also provides a fast and secure checkout process, using the payment method of their choice. This is mainly used by traders and bankers.
Segments of the Global Restaurant POS Terminal Market
The global restaurant POS terminal market is segmented:
By product: fixed, mobile
By deployment mode: cloud, on-premises
By component: software, hardware, services
Per End User: Quick Service Restaurants (FSR), Quick Service Restaurants (QSR), Others
By Geography: The global Restaurant POS Terminal market report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Of these regions, North America accounts for the largest share.
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Restaurant Point of Sale Terminal Global Market Report 2022 is part of a series of new reports by The Business Research Company that provides Restaurant Point of Sale Terminal market overviews, size and growth analysis and forecasts Global Restaurant POS Terminal Market, Restaurant POS Terminal Market Share, Restaurant POS Terminal Market Segments & Geographies, Restaurant POS Terminal Market Players For Restaurants, revenue, profiles and market shares of major competitors in the Restaurant POS Terminal market. The Restaurant POS Terminal Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s Global Restaurant POS Terminal Market Report 2022 includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: Squirrel Systems, Verifone Systems Inc., NCR Corporation, Revel Systems, Aireus Inc., Dinerware Inc., Posist, Epos Now Ltd., Alchemy Web Private Limited, Touch Bistro Inc., Oracle Corporation, Diebold Nixdorf Inc. . , HP Inc., Ingenico Group, Lavu Inc., Cake Corporation and Mad Mobile Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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