Selbyville, Delaware, June 09, 2021 (GLOBE NEWSWIRE) --
According to latest report “Restaurant POS Terminals Market by Product (Fixed POS Terminals, Mobile POS Terminals), Component (Hardware, Software, Services), Application (FSR, QSR, Bars & Pubs, Cafes & Bistros), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027”, by Global Market Insights Inc., the market valuation of restaurant POS terminals will cross $25 billion by 2027. The market growth can be attributed to the high demand for digital payment acceptance solutions across the hospitality sector.
As POS system involves both hardware and software, efficient services that ensure the optimum functioning of the system will witness high demand. The players focus on offering high-quality services to ensure that the integrated hardware and software system runs efficiently. They offer both on-site and remote maintenance services depending on specific customer requirements. Offering an innovative service portfolio further strengthens the manufacturer’s market position. This encourages them to offer high-quality services.
Request for a sample of this research report @
There is an increasing demand for POS solutions for full-service restaurants to ensure efficient business operations. Full-service restaurants employ POS systems that enable to streamline orders, reduce wait times for diners, and empower staff with intuitive systems. These machines enable restaurants to manage menus, track the most preferred dishes, and optimize the prices to maximize productivity. These POS systems also ensure efficient front and back-end operations, thereby streamlining the order fulfillment and inventory management process. The integration of analytics in POS systems enables full-service restaurant owners to track average table turnover time to inform staffing decisions and enhance turnover strategies.
The growing penetration of digitalization in the Middle East & Africa will offer growth opportunities to the restaurant POS terminals market. The government organization in the region is also supporting the adoption of digital payment acceptance techniques to ensure economic growth. According to a Mastercard study, 82% UAE respondents prefer contactless payment techniques as of October 2020. The increasing penetration of smartphones has, in turn, resulted in the growing use of mobile wallets. This will encourage restaurant owners to adopt POS terminals. The rise in the number of international tourists in the region over the recent years will also boost the implementation of restaurant POS systems to ensure payment convenience.
Key participants operating in the restaurant POS terminals market include Ingenico Group, NEC Corporation, NCR Corporation, PAR Technology Corporation, Diebold Nixdorf Incorporated, Oracle Corporation, Panasonic Corporation, Square Inc., VeriFone Systems Inc., TouchBistro, Inc., Samsung Electronics Co., Ltd., PAX Technology, Toast, Inc., and Toshiba Corporation.
Request for customization of this research report @
Some major findings of the restaurant POS terminals market report are:
Table of Contents (ToC) of the report:
Chapter 3 Restaurant POS Terminals Market Insights
3.1 Industry segmentation
3.2 Impact of coronavirus (COVID-19) pandemic
3.2.1 Global outlook
3.2.2 Regional outlook
3.2.3 Industry value chain
3.2.3.1 Raw material suppliers
3.2.3.2 Component suppliers
3.2.3.3 Manufacturers
3.2.4 Competitive landscape
3.2.4.1 Marketing
3.2.4.2 Distribution channel
3.2.4.3 Business growth
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Component suppliers
3.3.3 Manufacturers
3.3.4 Technology/software providers
3.3.5 System integrators
3.3.6 Distributors
3.3.7 Service providers
3.3.8 Vendor matrix
3.3.8.1 Raw material suppliers
3.3.8.2 Component suppliers
3.3.8.3 Manufacturers
3.3.8.4 Technology/software providers
3.3.8.5 System integrators
3.3.8.6 Distributors
3.3.8.7 Service providers
3.4 Technology & innovation landscape
3.4.1 Biometric POS
3.4.2 Countertop POS
3.4.3 Wireless POS
3.4.4 Connected vs standalone POS
3.5 Regulatory landscape
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.2 Industry pitfalls & challenges
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
Browse Complete Table of Contents (ToC) @
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.