Research Nester published a report titled “United States (US) Restaurant Point-of-Sale (POS) Terminals Market: Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the United States (US) restaurant point-of-sale (POS) terminals market in terms of market segmentation by POS system type, deployment mode, enterprise size, restaurant type, 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.
The United States (US) restaurant point-of-sale (POS) terminals market is anticipated to grow with a CAGR of 6.85% over the forecast period, i.e., 2021 – 2030. The market is segmented by POS system type into mobile/portable POS terminals, traditional POS system, cloud POS system, self-service kiosk POS system, and others, out of which, the mobile/portable POS terminals segment garnered the largest market revenue of USD 1689.14 Million in the year 2020, and is further expected to touch USD 3613.63 Million by the end of 2030.
The United States (US) restaurant point-of-sale (POS) terminals market is estimated to garner a revenue of USD 8511.69 Million by the end of 2030, up from a revenue of USD 4288.58 Million in the year 2020. Surge in the number of restaurants in the U.S., followed by the growing preference for food away from home amongst the individuals, and the growing household disposable income, are some of the major factors expected to drive the growth of the market in the coming years. Moreover, with restaurant owners expanding the number of their outlets, the need for operational efficiency and streaming of operational flow across all the outlets is growing significantly, which in turn, is driving the need for the adoption of POS systems.
The United States (US) restaurant point-of-sale (POS) terminals market is segmented by region into South U.S., West U.S., Middle West U.S., and North East U.S., out of which, the market in South U.S. is anticipated to hold the largest revenue of USD 2863.31 Million by the end of 2030, up from a revenue of USD 1432.63 Million in the year 2020, backed by the presence of numerous restaurants in the region.
Increasing Preference for Food Away from Home Amongst Individuals
The gross adjusted household disposable income in the United States, according to the statistics by the Organization for Economic Co-Operation and Development (OECD), grew to USD 54854/capita in the year 2019, up from USD 40621/capita in the year 2010.
Backed by the growing household disposable income of individuals, there is a rise in preference for food away from home. People in the United States are increasingly visiting different types of restaurant, which in turn, is driving the sales of these restaurants. Moreover, with the increasing population in several states of the country, the restaurant owners are increasingly expanding their services to serve their customers. POS systems help to co-ordinate information across all these outlets and help restaurant owners analyze consumer behavior, deal with financial information, or any other information related to their restaurant. Such factors are therefore expected to drive the growth of the United States (US) restaurant point-of-sale (POS) terminals market.
However, the high cost of POS terminals and the concerns related to cyber security are expected to operate as key restraint to the growth of United States (US) 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 United States (US) restaurant point-of-sale (POS) terminals market which includes company profiling of BrewPOS, Amber Systems Technologies, Cybrosys Technologies, Intuition Systems, Sintel Systems, TouchBistro Inc., Clover Network, Inc., talech, Inc. (U.S. Bank), Lavu, Inc., Epos Now LLC, Upserve, Inc., Square, Inc., Toast, Inc., Cake Corporation, Lightspeed, NCR Corporation, Heartland Payroll Solutions, Inc., Oracle (MICROS POS Systems), PAR Technology Corp., 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 United States (US) 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.