Welcome!

News Feed Item

Restaurant POS Terminal Market Size Worth $24.7 Billion By 2025: Grand View Research, Inc.

SAN FRANCISCO, July 17, 2017 /PRNewswire/ --

The global restaurant POS terminal market is expected to reach USD 24.7 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for POS system among the restaurant operators for billing and management solution such as inventory management, cost management, labor management is a major factor that is expected to drive the market growth.

     (Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO )

Cloud-based POS systems are projected to gain traction over the forecast period owing to the benefits such as the ability to access real-time, enterprise-wide restaurant data from web-enabled devices. Moreover, to this, the cloud-based POS system quickly meet the PCI compliance as all data is stored on the cloud which makes it a suitable option for the restaurant owner.

The front-end application segment holds the largest share of restaurant POS terminal market in 2016 and is expected to reach over USD 15 billion by 2025. The quick service restaurant (QSR) is one of the largest segment of the food service industry. The QSRs are facing high competitions within the food service industry from fast casual, casual and full-service restaurant. Additionally, there is high pressure on the QSR owner to provide faster service at the comparatively low price. The restaurant POS system helps these operators in order management, improving inventory buying decision, staff management, increase customer satisfaction with faster payment processing and others.

The market for quick-service restaurant segment is expected to grow at a CAGR of 11.1% from 2017 to 2025. The market is also anticipated to witness a substantial growth within the fine dine and casual dine segment over the next eight years.

Browse full research report with TOC on "Restaurant Point of Sale (POS) Terminal Market Analysis By Product (Fixed, Mobile), By Component (Hardware, Software), By Deployment (Cloud, On Premise), By Application, By End-user, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/restaurant-point-of-sale-pos-terminal-market

Further key findings from the report suggest: 

  • The global restaurant POS terminal market accounted for USD 10.16 billion in 2016 and is expected to grow at a CAGR of 10.1% from 2016 to 2025
  • Fixed POS terminal emerged as the largest segment in 2016 and is estimated to generate revenue over USD 7.79 billion by 2025.
  • The hardware market for restaurant POS terminal is anticipated to witness moderate growth over the next eight years. The segment has been further segregated into touch screen/desktops, swipe card machines, and desktops.
  • The restaurant POS terminal market for FSR is estimated to reach over USD 8 billion by 2025
  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of POS terminal among the restaurant operator. The regional market is expected to grow at a CAGR of 9.7% from 2017 to 2025
  • Key players include Ingenico SA, Verifone System, and PAX technology dominated the market, accounting for a majority share of the overall market in 2016

Browse related reports by Grand View Research: 

Grand View Research has segmented the restaurant POS terminal market on the basis of product, component, deployment, application, end-user and region: 

  • Product Outlook (Revenue, USD Million, 2014 - 2025)
    • Fixed POS terminal
      • Self-serve kiosks
      • Cash counters terminal
      • Vending machine
    • Mobile POS terminal
  • Component Outlook (Revenue, USD Million, 2014 - 2025)
    • Hardware
      • Touch Screen/ Desktop
      • Swipe card machine
      • Others
    • Software
  • Deployment Outlook (Revenue, USD Million, 2014 - 2025)
    • Cloud
    • On Premise
  • Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Front End
    • Back End
  • End-user Outlook (Revenue, USD Million, 2014 - 2025)
    • FSR (Full Service Restaurant)
      • Fine Dine
      • Casual Dine
    • QSR (Quick Service Restaurant)
    • Institutional
    • Others
  • Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • UK
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

Read Our Blog: http://www.grandviewresearch.com/blogs/technology

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: +1-888-202-9519
Email: [email protected]

Web: http://www.grandviewresearch.com


SOURCE Grand View Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...