LAMEA Restaurant Point Of Sale Terminal Market Size, Share & Industry Trends Analysis Report By Application (Front-End and Back-End), By End User, By Component (Hardware and Software), By Deployment, By Product, By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The Latin America, Middle East and Africa Restaurant Point Of Sale Terminal Market would witness market growth of 11.7% CAGR during the forecast period (2023-2029).
Fixed POS terminals can be effectively connected to kitchen screens that display orders automatically and without human intervention. Owners can efficiently manage activities during the busiest times owing to this functionality. These POS terminals also make possible the integration of higher functionality modules, like online ordering and payment, loyalty programs, accounting, and table bookings.
Businesses that offer POS terminal services are concentrating on improving their customer support options to ensure integrated hardware and software system functionality and a better customer experience. Depending on the customer's demands, they provide both on-site and remote maintenance assistance. Restaurant POS terminal sales will be aided by these businesses' top-notch support for various product models.
The restaurant, hotel, and institutional food industries in Saudi Arabia have grown over the past ten years. A growing proportion of Saudis are eating out more frequently and traveling within their own country due to significant changes in Saudi work, lifestyles, and consumption patterns. By 2016, it is anticipated that consumer food services, restaurants, and cafes will generate $18 billion in sales, up from an estimated $15 billion in 2012. In addition, due to the significant influx of international workers and visitors to Saudi Arabia each year, the estimated $5 billion in revenues from the food catering industry are rising significantly. This will increase the use of restaurant POS terminals to deliver top-notch services and ensure that customers wait for as little as possible for their bills or orders.
The Brazil market dominated the LAMEA 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 $592.4 million by 2029. The Argentina market is experiencing a CAGR of 12.3% during (2023 - 2029). Additionally, The UAE market would exhibit a CAGR of 11.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Full-Service Restaurant (FSR)
- Quick Service Restaurant (QSR)
- Cash Counters Terminal
- Vending Machine
- Self-serve Kiosks
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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)
- TouchBistro, Inc.
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