North America 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 North America Restaurant Point Of Sale Terminal Market would witness market growth of 7.3% CAGR during the forecast period (2023-2029).
The expansion of the market will be influenced by the surge in the opening of food outlets with the goal of giving consumers a variety of food products. In addition, increased use of mobile technologies and technological advancements driving restaurants to use contemporary methods for streamlining customer engagement activities are factors that will accelerate market expansion. Additionally, using POS terminals, which enhance business operations and stimulate market demand, can reduce repetitive tasks like manual inventory control and scheduling management.
Compared to manual systems or conventional cash registers, modern Point-of-Sale (POS) terminals' efficient administration capabilities promote their expanding popularity. The POS systems capabilities, which are driving the market's expansion, include sales analysis, customer feedback, inventory management, and personnel management analysis.
One of the main drivers propelling the business is the increased digitalization of restaurants, as customers find it convenient to make reservations and payments online. Online takeaway and delivery services are also popular and in high demand, in addition to online payments. Future development of the industry is anticipated to center on fast food outlets serving wholesome cuisine made with organic ingredients. The demand for organic food is increasing quickly in the US. Due to the benefits that restaurant point of sale terminals offer, such as the ability to manage CRM and keep track of monthly and annual sales, the region's expanding restaurant industry is anticipated to increase the use of these terminals, which will help the market in the region grow.
The US market dominated the North America 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 $7,407.5 million by 2029. The Canada market is poised to grow at a CAGR of 9.7% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 8.8% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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