Restaurant Point-Of-Sale Terminals Market Regional Analysis:
APAC Market Insights
The restaurant point-of-sale terminals market share in Asia Pacific is estimated to surpass 41% in 2035, as rise in digital payments and the prevalence of smart cards, mobile wallets, and online banking methods are contributing to the growth of POS terminals as they offer convenience and security for transactions. According to the World Bank two-thirds of adult populations worldwide make and receive a digital payment, with the total share in the developing economies that grew from 35% in 2014 to about 57% in 2021. While, in the developing economies, approximately 71% have an account at a bank, other financial institution, or with a mobile money provider, up from 63% in 2017 and 42% in 2011. Moreover, government initiatives promoting electronic payment methods are further encouraging the use of POS terminals in restaurants.
North American Market Insights
The North American restaurant point-of-sale terminals market is estimated to register lucrative CAGR during the forecast timeframe, led by integration of several advanced technologies such as machine learning along with automation into POS terminals and is expected to further drive the restaurant POS terminals market growth by enhancing operational efficiency and providing innovative solutions to restaurant owners.
