The Europe Restaurant Point Of Sale Terminal Market would witness market growth of 7.5% CAGR during the forecast period (2023-2029).
The restaurant's POS terminal collects data to tailor the shopping experience for customers. Additionally, businesses can send order updates and develop targeted email campaigns based on past purchases and other habits or demographics utilizing contact information like phone number, email address, and others. Additionally, by matching rewards with consumers' interests, loyalty programs are powerful marketing tools for encouraging repeat purchases and luring new ones.
Mobile POS solutions can help if a restaurant lacks space for a large cashier by transforming a smartphone or tablet into a POS to accept card payments. Consumers can swipe, dip, or tap their card to complete the purchase when prompted. This encourages connecting a card reader to a smart device while keeping the POS open. As a result, the payment of restaurant bills proceeds more easily, which encourages the expansion of the market.
In Europe, including the United Kingdom, there is a growing demand for ethnic or multi-cuisine food as more customers, particularly millennials and baby boomers, are open to trying new foods. Along with rising capital expenditures in producing wholesome and traditional food, there is an increase in the consumption of healthy and nutrient-dense food. The focus of ethnic food businesses is increasingly on food quality, convenience, variety of cuisine, and food packaging. Additionally, the demand for ethnic food has been bolstered by the high rate of immigration, the tourist industry, and a growing number of sporting events. Cuisine-specific caterers or restaurants are setting up kiosks in towns, stadiums, and nearby locations where sporting events are conducted to improve their appeal and cater to clients' tastes.
The Germany market dominated the Europe Restaurant Point Of Sale Terminal Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,042.6 million by 2029. The UK market is anticipated to grow at a CAGR of 6.6% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 8.2% during (2023 - 2029).
Based on Application, the market is segmented into Front-End and Back-End. Based on End User, the market is segmented into Full-Service Restaurant (FSR), Quick Service Restaurant (QSR), Institutional and Others. Based on Component, the market is segmented into Hardware and Software. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Product, the market is segmented into Fixed and Mobile. Based on Fixed Type, the market is segmented into Cash Counters Terminal, Vending Machine and Self-serve Kiosks. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Restaurant Point Of Sale Terminal Market is Projected to reach USD 33.9 Billion by 2029, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Aireus Inc. (CaTech systems Ltd), DCR Point of Sale Systems, Alchemy Web Private Limited, Lightspeed Commerce Inc., PAX Global Technology Limited, VeriFone Holdings, Inc. (Francisco Partners), NCR Corporation, Revel Systems (Welsh, Carson, Anderson & Stowe) and TouchBistro, Inc.
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