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ELECTRONICS & SMART DEVICES

United States (US) Restaurant Point-of-Sale (POS) Terminals Market by POS System Type (Mobile/Portable POS Terminals, Traditional POS System, Cloud POS System, Self-Service Kiosk POS System, and Others); by Deployment Mode (Cloud-Based, and On-Premise); by Enterprise Size (Small & Medium Enterprise, and Large Enterprise); and by Restaurant Type {Quick Service Restaurants (QSR), Full-Service Restaurants (FSR), and Others} – Global Demand Analysis & Opportunity Outlook 2020-2030

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Extensive insights into the Growth of Restaurant Point-of-Sale (POS) Terminals Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • July 7th, 2021: ParTech, Inc. announced the launch of an above-store business intelligence platform, OneDataSource, which is suitable for multi-unit and multi-brand operating restaurants with 15+ stores. The platform is an addition to the Brink POS integration partner ecosystem, a unified commerce cloud platform for enterprise restaurants.

  • September 9th, 2019: The U.S. Bank had announced the acquisition of point-of-sale system software company based out of Palo Alto, talech Inc.

United States (US) Restaurant Point-of-Sale (POS) Terminals Market Highlights Over 2020 - 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, by growing at a CAGR of 6.85% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market registered a revenue of USD 4288.58 Million. The growth of the market can primarily be attributed to the growing number of restaurants in the country, backed by the increasing preference of the individuals to opt for foods from such outlets, and for the rising share of urban population in the nation.

United States (US) Restaurant Point-of-Sale (POS) Terminals Market Graph

One of the major factors that is anticipated to increase the preferences of customers for food away from home is the growing household disposable income of the individuals of the country. According to the statistics by the Organization for Economic Co-Operation and Development (OECD), the gross adjusted household disposable income in the United States, increased from USD 40621/capita in the year 2010 to USD 54854/capita in the year 2019. CLICK TO DOWNLOAD SAMPLE REPORT

Gross Adjusted Household Graph

Besides this, the increasing need amongst restaurant owners to raise their service standards as well as their employee productivity is also expected to drive the market growth in the coming years. Restaurant point-of-sale (POS) terminals helps to reduce the probability of an error, especially during peak working hours. Moreover, these terminals help to streamline workflow processes and also helps in understanding consumer behavior and ultimately sales.

United States (US) Restaurant Point-of-Sale (POS) Terminals Market Regional Synopsis

Regionally, the United States (US) restaurant point-of-sale (POS) terminals market is segmented into South U.S., West U.S., Middle West U.S., and North East U.S. The market in South U.S. registered the largest market revenue of USD 1432.63 Million in the year 2020, and is further expected to garner USD 2863.31 Million by the end of 2030 by growing with a CAGR of 6.92% during the forecast period. One of the major factors anticipated to drive the growth of the market in the region is the increasing presence of restaurants in this part of the region, especially in Texas, Virginia, Alabama, Tennessee, and others. Moreover, the population in several states of South United States is projected to increase significantly in the coming years, and in turn, increase drive the sales of restaurants in the region. According to the statistics by the National Restaurant Association the projected growth rate between the years 2018 and 2030 in Texas, Georgia, Florida, and the South and North Carolina is 14% or more, while that in Tennessee and Virginia is 7% to 13.9%.

projected

Growth Drivers and Challenges Impacting the Growth of the United States (US) Restaurant Point-of-Sale (POS) Terminals Market

Growth Drivers

  • Growing Number of Restaurants in the US
  • Increasing Preference for Food Away from Home

Challenges

  • High Cost of POS Terminals
  • Concerns Related to Cyber Security

United States (US) Restaurant Point-of-Sale (POS) Terminals Market Segmentation Synopsis

The United States (US) restaurant point-of-sale (POS) terminals 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 these, the mobile/portable POS terminals segment is expected to register the largest market revenue of USD 3613.63 Million by the end of 2030, up from a revenue of USD 1689.14 Million in the year 2020. The market is further segmented by deployment mode into cloud-based and on-premise. Out of these, the on-premise segment registered the largest revenue in the year 2020 and is further expected to attain the highest market share during the forecast period. By enterprise size, the market is segmented into small & medium enterprise and large enterprise, out of which, the small & medium enterprise segment is expected to garner the largest market revenue by the end of 2030 and also grow with the highest CAGR of 6.91% during the forecast period. The market is further segmented by restaurant type into quick service restaurants (QSR), full-service restaurants (FSR), and others. Out of these, the full-service restaurants (FSR) segment is anticipated to hold the highest market share during the forecast period and also attain the largest revenue of USD 3597.29 Million by the end of 2030. The segment is further divided into casual dining, family-style, upscale dining, and fine dining, out of which, the casual dining segment registered the largest market revenue of USD 1140.62 Million in the year 2020, and is expected to hold the highest market share by the end of 2030.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the United States (US) restaurant point-of-sale (POS) terminals market that are included in our report are 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.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
    4. Research Methodology
  2. Executive Summary
  3. Competitive Positioning
  4. Competitive Landscape
  5. US Restaurant Point-of-Sale (POS) Terminals Market
    1. By Value (USD million)
    2. US Restaurant Point-of-Sale (POS) Terminals Market Segmentation Analysis 2020-2030
      1. By POS System Type
        1. Mobile/Portal POS Terminals
        2. Traditional POS System
        3. Cloud POS System
        4. Self Service Kiosk POS System
        5. Others
      2. By Deployment Mode
        1. Cloud Based
        2. On-premise Based
      3. By Enterprise Size
        1. Small and Medium Enterprise
        2. Large Enterprise
      4. By Restaurant Type
        1. Quick Service Restaurants (QSR)
        2. Full-Service Restaurants (FSR)
          1. Casual Dining
          2. Family-Style
          3. Upscale Dining
          4. Fine Dining
        3. Others
  6. South USA Restaurant Point-of-Sale (POS) Terminals Market
    1. Market by value (USD million)
  7. West USA Restaurant Point-of-Sale (POS) Terminals Market
    1. Market by value (USD million)
  8. Middle West USA Restaurant Point-of-Sale (POS) Terminals Market
    1. Market by value (USD million)
  9. North East USA Restaurant Point-of-Sale (POS) Terminals Market
    1. Market by value (USD million)
  10. Regional Leading POS terminal companies

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