Restaurant Point-of-Sale (POS) Terminals Market

Restaurant Point-of-Sale (POS) Terminals Market Segmentation By Product Type (Fixed POS Terminals and Mobile POS Terminals); By Component (Hardware, Software and Services); By Application (FSR [Fine Dine, Casual Dine/Fast Casual], QSR [Bars & Pubs, Cafes & Bistros], and Institutional) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 2052 | Published On: Feb 01, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • October 2019: Applova Inc. has announced the launching of Applova Kiosk, which is a kitchen display system, and provides quick service restaurants with an innovative, easy-to-deploy solution to capture additional sales driven by self-serve ordering.

  • September 2019: Revention Point of Sale Solutions has announced the launch of Revention Tablet POS for restaurant owners, which provides owners with ultimate mobility as well as maximum uptime, with both offline and online features.


Introduction to Restaurant Point-of-Sale (POS) Terminals

Point-of-sale (POS) terminal is referred to those electronic devices which is used to process payments, create and print invoices, manage inventory and execute customer loyalty programs. Furthermore, these devices also help maintain customer databases and operative accounts, helping enterprises manage their sales efficiently and effectively.

Utilization of POS terminals in restaurants helps businesses perform advanced operational tasks such as tracking raw goods, managing employee shifts, manage product offerings in their menus, analyze reports, and further perform loyalty programs for its customers. Restaurant POS systems also helps restaurant businesses to manage their businesses which are located in multiple locations, as well as helps them run business processes in a smart and organized manner.

Components offered by Restaurant POS system image


Market Size and Forecast

The restaurant POS system market is observing vibrant growth on account of growing demand amongst restaurants for improvement in their efficiency, reduction of errors during peak working times, streamline workflow processes and further, increase their working speeds, especially for quick servicing restaurants. Additionally, growing sales of restaurants is raising the interests amongst restaurants to invest on POS systems, so as to help them expand their automation processes, and also focus on creating more network branch chains. According to United Census Bureau, sales for retail and food services in USA grew from 4283737 Millions of USD in the year 2010 to 6023408 Millions of USD in the year 2018. The sales for the year 2019 is further growing at a growth rate of 1.04x until September, 2019.

Sales for Retail and Food Services GraphThe market is anticipated to record a CAGR of around 11.14% throughout the forecast period, i.e. 2019-2027. The restaurant POS system market is segmented by product type into fixed POS terminals and mobile POS terminals, out of which, mobile POS terminals segment is anticipated to hold largest market share on account of rising adoption of mobile devices, such as tablets and smartphones. Increasing demand for wireless technology amongst consumers, coupled with decreasing costs of mobile devices is raising the demand for greater adoption of mobile devices. mPOS terminals are connected to the mobile devices, either by attaching an additional hardware or by deploying a software application into the mobile devices. Restaurant owners can use their mobiles or tablets and work on their requirements using these type of mPOS solutions. According to Pew Research Center, percentage of U.S. adults who owned smartphones increased from 35% in 2011 to 77% in 2018. CLICK TO DOWNLOAD SAMPLE REPORT

smart phone


Growth Drivers

Growing Restaurant Industry

According to National Restaurant Association, a business association for the restaurant industry in the United States, sales of the restaurant industry grew from $43 billion in the year 1970 and is estimated to reach $863 billion by the end of 2019, with a growth rate of 20.07x. Additionally, the industry equals to 4% of the U.S. GDP.

Restaurant POS System Market share Graph

Rise in the sales of restaurant industries is anticipated to raise the demand for automation of operational processes amongst restaurant owners. Increasing footfall of customers in restaurants, expansion of product servings in menus of the restaurant, rise in the number of vendors supplying raw materials, growing need for customer loyalty programs, all of these factors are jointly associated for the increasing sales of the restaurants. Owing to such factors, coupled with growing competition, restaurant owners are looking for solutions, so as to stay a step ahead of competition, which is anticipated to raise the demand for restaurant POS systems.

Restaurant Industry Sales Graph

Rising Food Expenditures in Restaurants

According to United States Department of Agriculture Economic Research Service, food expenditure in the total of limited and full serviced restaurants in the United States grew from 424.43 USD billion in the year 2010 to 677.98 USD billion in the year 2018.

Food Expenditure In Limited & Full services

The rising food expenditure in restaurants is anticipated to raise the demand for billing applications in restaurants, so as to minimize mistakes during peak hours at the premises of the restaurant. Restaurant POS systems helps the person responsible for collection of payments, to efficiently manage his sales records as well as manage customer loyalty programs. All of these factors are anticipated to raise the demand for restaurant POS systems market throughout the forecast period.


Components offered by Restaurant POS system image
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Restraints

High Deployment Costs

Initial costs of deployment of restaurant POS systems can be expensive for small and medium restaurant owners. Additionally, lack of efficiency of trained personals for operating the POS systems as well as unavailability of trained personals for operating these systems, coupled with concern for disruption of services owing to malfunctioning of the system are some of the factors anticipated to act as a barrier to the growth of the restaurant POS systems market.


Market Segmentation

Our in-depth analysis of the restaurant POS systems market includes the following segments:

By Product Type

  • Fixed POS Terminals
  • Mobile POS Terminals

By Component

  • Hardware
  • Software
  • Services

By Application

  • Fast Service Restaurants (FSR)
    • Fine Dine Restaurants
    • Casual Dine or Fast Casual Restaurants
  • Quick Service Restaurants (QSR)
    • Bars & Pubs
    • Cafes & Bistros
    • Institutional

By Region

On the basis of regional analysis, the restaurant point-of-sale (POS) systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia-Pacific is expected to hold significant market share on the back of expanding food service industry in countries, such as India, China, and others, as a result of favorable demographic conditions and increased disposable income levels. Moreover, rapid change in advertising of product offerings amongst the restaurants is leading to the adoption of digital systems, such as digital kiosk and tablets, so as to display their menu, place orders, increase operational efficiency and enhance customer experience, and thereby help to stay a step ahead in competition.

Furthermore, North America is anticipated to gain significant market share owing to growing restaurant industry, coupled with the presence of vendors who are offering restaurant POS systems to restaurants.

The restaurant POS systems market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.


Sales for Retail and Food Services Graph
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