Global Restaurant Point-of-Sale (POS) Terminals Market to be Propelled by Increasing Installation of Restaurant point-of-sale (POS) and Grow

Kenneth Research published a report titled “Restaurant Point-of-Sale (POS) Terminals Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global restaurant point-of-sale (POS) terminals market in terms of market segmentation by component, deployment mode, type, application, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

Detailed description: https://www.kennethresearch.com/report-details/restaurant-point-of-sale-pos-terminals-/10352463

The global restaurant point-of-sale (POS) terminals market is expected to hold a revenue of ~ USD 45 billion by 2033, growing from ~ USD 17 billion in 2022. The market growth can be attributed to the growing implementation of restaurant POS, expanding restaurant industry, online food delivery, loyalty programs, and the availability of mPOS.

The global restaurant point-of-sale (POS) terminals market is expected to grow at a CAGR of ~11% from 2023-2033. The market is segmented by deployment mode into cloud and on-premise. Between these, the on-premise segment is anticipated to hold the largest market share by the end of 2033, owing to advantages, including one-time payment, independence from the internet, and customization feature.

The global restaurant point-of-sale (POS) terminals market is divided into five major regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific is projected to hold the largest market share by the end of 2033, backed by cashless payments, online food delivery, high disposable income, and favorable demography.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Expanding Restaurant Business Worldwide to Boost the Market Growth

As of 2022, over 660,930 restaurants have been estimated to be situated only in the United States (U.S.). The factors that accelerate the expansion of the restaurant industry these days include the use of robots in restaurants, the increase in online food ordering, evolving food trends, and the focus to reduce the wastage of food. With the expansion of the industry restaurant POS helps owners of businesses to simplify several functions in a restaurant.

However, high customer acquisition costs, the possibilities of cyberattacks, and the glitches in both hardware and software are expected to operate as key restraints to the growth of the global restaurant point-of-sale (POS) terminals market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global restaurant point-of-sale (POS) terminals market which includes company profiling of AURES Group, Diebold Nixdorf, Incorporated, HP Development Company, L.P., Ingenico Inc., Lightspeed Commerce Inc., NCR Corporation, Oracle Corporation, Panasonic Corporation of North America, PAX Technology, Inc., Posist Technologies Pvt. Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global restaurant point-of-sale (POS) terminals market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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