Restaurant POS Terminals Market Future Trend and Growth Opportunities by 2024

The North America restaurant POS terminals market is experiencing rapid growth due to the increased number of food outlets in this region. The fast-food consumption rate of citizens in the U.S. and Canada is growing at a fast pace due to a rise in the Food-Away-From-Home (FAFH) category of individuals. Such individuals are dependent on several food outlets for their breakfast, lunch, and dinner, which will drive the number of restaurant outlets in the country. These food outlets are witnessing increased requirement of the payment terminals, thereby propelling the restaurant POS terminals industry growth.

In the restaurant POS terminals market, mobile solutions are experiencing high adoption owing to increased requirements for advanced technologies to improve the customer experience and satisfaction levels. These mobile solutions help food outlets to offer tableside payment and ordering facilities. They also provide several advantages to the food centers including improved customer engagement, crowd management, fast order tacking, and payment settlement options. Such advantages are driving the adoption of these advanced solutions in dining areas, thereby accelerating the restaurant POS terminals industry growth.

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The rising focus towards increasing business efficiency and offering improved customer satisfaction is certain to augment restaurant POS terminals market size in the forthcoming years. Of late, POS systems have advanced rapidly and have been offering businesses improved flexibility, control and intelligence than ever before. Restaurants are constantly shifting from traditional cash registers and fixed credit card readers to iPads, mobile or cloud-based POS systems, technologies that provide businesses with additional features as well as keep track of all data and transactions in a single system.

POS terminal developers, in order to tap the expanding scope of the cloud, are increasingly focusing on cloud-based technologies to offer enhanced features. For instance, Breadcrumb, a cloud-based restaurant POS system developed by Upserve, allows users to quickly search items on the menu, split checks, track server performance, process online and tableside orders, track top-rated menu items, and even allow owners to train their new employees. Technological advancements such as these are certain to further drive restaurant POS terminals market growth in the coming years.

The applications of these payment solutions in QSRs are high owing to a rise in the number of fast-food outlets including McDonald's, Pizza Hut, KFC, etc. These companies are incorporating integrated countertop models that allow them to provide self-service to their customers. It allows customers to order and pay the restaurant bills at the counter using a single solution. Moreover, the rapid expansion of these food outlets in several countries is expected to drive the restaurant POS terminals market. For instance, in January 2018, McDonald's announced its plan to open around 1,000 stores worldwide.

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Some Point from Table of Contents:

Chapter 4    Restaurant POS Terminals Market, By Component

4.1    Key trends in the restaurant POS terminals industry, by component

4.1.1    Hardware

4.1.1.1    Market estimates and forecast, 2013 – 2024

4.1.1.2    Market estimates and forecast, by region, 2013 - 2024

4.1.2    Software

4.1.2.1    Market estimates and forecast, 2013 – 2024

4.1.2.2    Market estimates and forecast, by region, 2013 - 2024

4.1.3    Service

4.1.3.1    Market estimates and forecast, 2013 – 2024

4.1.3.2    Market estimates and forecast, by region, 2013 - 2024

Chapter 5    Restaurant POS Terminals Market, By Product

5.1    Key trends in the restaurant POS terminals market, by deployment

5.1.1    Fixed POS terminal

5.1.1.1    Market estimates and forecast, 2013 – 2024

5.1.1.2    Market estimates and forecast, by region, 2013 - 2024

5.1.2    Mobile POS terminal

5.1.2.1    Market estimates and forecast, 2013 – 2024

5.1.2.2    Market estimates and forecast, by region, 2013 - 2024

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