PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652014
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652014
The global restaurant point-of-sale (POS) terminals market size is expected to reach USD 51.60 billion by 2034, according to a new study by Polaris Market Research. The report "Restaurant Point-of-Sale (POS) Terminals Market Share, Size, Trends, Industry Analysis Report: By Product (Fixed and Mobile), Component, End User, Deployment, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing demand for personalized dining experiences is driving the adoption of advanced restaurant POS terminals. These systems enable restaurants to collect and analyze customer data, allowing them to tailor recommendations, special offers, and loyalty rewards based on individual preferences. For instance, POS terminals equipped with customer relationship management (CRM) tools can store order histories, dietary preferences, and even special occasions such as birthdays. This level of personalization improves customer satisfaction and boosts loyalty. Additionally, features such as integrated feedback collection and seamless payment options further elevate the dining experience, making personalization a key driver of the global restaurant POS terminals market growth.
The move toward cloud-based POS systems is revolutionizing the restaurant industry by providing greater flexibility, scalability, and remote access. Cloud-based solutions enable restaurant owners to manage their operations from anywhere, access real-time data, and efficiently perform tasks such as inventory management and sales tracking. This adoption is driven by the need for improved data visibility, reduced downtime, and the ability to integrate with various third-party applications. Cloud-based POS systems are becoming increasingly popular as businesses seek more agile and scalable solutions.
By deployment, the on-premise segment led the restaurant POS terminals market revenue share in 2024, as restaurants prioritize data security through locally hosted systems.
The mobile segment, based on product, is anticipated to witness a higher growth rate during the forecast period, driven by advantages such as faster service, reduced costs, and the ability to provide precise dish information.
North America dominated the restaurant point-of-sale (POS) terminals market share in 2024, supported by the rapid expansion of the region's restaurant industry.
The Asia Pacific market is projected to grow at a notable CAGR during the forecast period, propelled by urbanization in emerging economies.
A few key global market players are Aireus Inc.; NCR Corporation; Oracle Corporation; ParTech, Inc.; PAX Technology Limited; POSsible POS; ShopKeep (now part of LightSpeed); Snack POS; Sainsbury's; Toast, Inc.
Polaris Market Research has segmented the restaurant point-of-sale (POS) terminals market report on the basis of product, component, end user, deployment, application, and region