Increasing preference for cashless transactions and increasing adoption of POS terminals by restaurants for smoother business operations are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In the Restaurant POS Systems market, a significant trend is the widespread integration of contactless technology. With the rise of mobile payment options and the increased emphasis on hygiene and safety, restaurants are adopting POS systems that support contactless payments. This trend not only enhances the customer experience but also aligns with evolving consumer preferences for seamless and secure transactions. Restaurants are seeking POS solutions that facilitate digital wallets, mobile apps, and contactless card payments to streamline operations and meet the growing demand for touch-free interactions in the post-pandemic dining landscape. This factor drives the market CAGR.
Additionally, a notable trend shaping the Restaurant POS Systems market is the increasing adoption of cloud-based solutions. Cloud-based POS systems offer enhanced flexibility, scalability, and accessibility for restaurant owners and operators. These systems allow real-time data access from multiple locations, making it easier to manage inventory, track sales, and analyze customer preferences remotely. The shift towards cloud-based POS solutions reflects a desire for agility and adaptability in the dynamic restaurant industry, allowing businesses to efficiently scale operations, integrate third-party applications, and stay competitive in a rapidly evolving market.
In the Restaurant POS Systems market, there is a growing emphasis on leveraging data analytics and business intelligence tools integrated into POS systems. Restaurant owners are recognizing the value of data-driven insights for making informed business decisions. POS systems equipped with advanced analytics provide valuable information about customer behavior, popular menu items, and peak operational hours. This trend enables restaurants to optimize their menus, marketing strategies, and operational efficiency, leading to improved customer satisfaction and increased profitability. For instance, NCR Corporation provides mobile and electronic payment solutions to the hospitality and retail sectors. The company specializes in offering POS software applications, store and restaurant management applications, and back-office inventory management solutions to restaurant and hotel chains. Thus, driving the Restaurant POS Systems market revenue.
The Restaurant POS Systems market segmentation, based on Applications, includes FSR (Full Service Restaurant), QSR (Quick Service Restaurant), and others. The dominant category is QSR (Quick Service Restaurant) due to the high demand for efficient and speedy transactions in fast-food settings. Quick Service Restaurants thrive on fast-paced operations, and POS systems tailored for quick and accurate order processing, inventory management, and payment transactions are essential for meeting customer expectations. Conversely, the fastest-growing category is the Full Service Restaurant (FSR) segment. As the restaurant industry adapts to changing consumer preferences for enhanced dining experiences, FSRs are increasingly investing in POS systems that integrate reservation management, tableside ordering, and customer relationship management.
Figure 1: Restaurant POS Systems Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Restaurant POS Systems market segmentation, based on Types, includes Cloud-based and On-premises. The dominant category is Cloud-based, driven by their flexibility, scalability, and accessibility. Cloud-based solutions offer restaurant owners the advantage of real-time data access from multiple locations, enabling efficient remote management of operations, inventory, and sales. Conversely, the fastest-growing category is On-premises POS systems. Certain establishments, particularly those with specific security or compliance requirements, opt for on-premises solutions to retain control over their data and infrastructure.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Restaurant POS Systems market area will dominate this market, owing to the highly developed and dynamic restaurant industry, characterized by a diverse range of establishments, from quick-service to fine dining.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: RESTAURANT POS SYSTEMS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Restaurant POS Systems market accounts for the second-largest market share due to the boasts a vibrant and diverse culinary landscape with a plethora of restaurants ranging from traditional establishments to modern eateries.. Further, the German Restaurant POS Systems market held the largest market share, and the UK Restaurant POS Systems market was the fastest growing market in the European region
The Asia-Pacific Restaurant POS Systems Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the rapid urbanization and economic developments in countries across Asia-Pacific have led to an expansion of the restaurant and hospitality sector. Moreover, China’s Restaurant POS Systems market held the largest market share, and the Indian Restaurant POS Systems market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Restaurant POS Systems market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Restaurant POS Systems industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Restaurant POS Systems industry to benefit clients and increase the market sector. In recent years, the Restaurant POS Systems industry has offered some of the most significant advantages. Major players in the Restaurant POS Systems market, including Aireus Inc., Dinerware, Inc., EPOSNow, LimeTray, NCR Corporation, Oracle Corporation, ParTech, Inc, PAX Technology Limited, POSera, POSist, POSsible POS, Revel Systems and others, are attempting to increase market demand by investing in research and development operations.
Toast, Inc. is a provider of various end-to-end platforms built for restaurants of all sizes. The platforms help increase revenue, improve operations, and delight guests. The company provides a single platform of software as a service (SaaS) products and financial technology solutions. These offerings provide restaurants with all the necessary things they need to run their business across operations, point-of-sale, digital ordering and delivery, marketing and loyalty, and team management. In February 2019, Toast released a new product line including a cloud-based restaurant POS solution designed to streamline operations in restaurants. The software provides features such as table management, employee scheduling, inventory tracking, and more to help eateries manage their operations more efficiently.
Revel Systems is an iPad-based point-of-sale system provider. It offers the most mature, cloud-native POS platform. The company’s portfolio includes products and solutions in POS, delivery management, open API, employee, kitchen management, enterprise management, cash building, online ordering, self-service kiosk, and payments. The company offers POS solutions for business types such as Quick-Service POS System, Restaurant POS System, Retail POS System, Pizza POS System, and Coffee shop POS System. In April 2019 Revel Systems introduced a customizable iPad-based POS system specifically designed for restaurant chains with multiple locations. It provides features like real-time reporting and analytics, customer rewards program integration, mobile ordering capabilities, and more.
January 2024: ParTech, Inc., restaurant POS provider, launched the PAR Wave - an All-In-One touch panel designed for hardware component for the hospitality industry.
August 2023: Snack POS, restaurant point of sale system provider, partnered with PAX, provider of secure electronic payment terminal solutions to launch Europay, MasterCard, and Visa (EMV) enabled terminals to restaurants, securing payment and convenience for both customers and businesses.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 9.6 Billion |
| Market Size 2023 | USD 10.42 Billion |
| Market Size 2032 | USD 20.17 Billion |
| Compound Annual Growth Rate (CAGR) | 8.60% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Applications, Types, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Aireus Inc., Dinerware, Inc., EPOSNow, LimeTray, NCR Corporation, Oracle Corporation, ParTech, Inc, PAX Technology Limited, POSera, POSist, POSsible POS, Revel Systems. |
| Key Market Opportunities | ·        Increasing preference for cashless transactions |
| Key Market Dynamics | ·        Increasing adoption of POS terminals by restaurants for smoother business operations |
Frequently Asked Questions (FAQ) :
The Restaurant POS Systems market size was valued at USD 9.6 Billion in 2022.
The global market is projected to grow at a CAGR of 8.60% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Aireus Inc., Dinerware, Inc., EPOSNow, LimeTray, NCR Corporation, Oracle Corporation, ParTech, Inc, PAX Technology Limited, POSera, POSist, POSsible POS, Revel Systems.
The QSR (Quick Service Restaurant) category dominated the market in 2022.
The Cloud-based had the largest share in the global market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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