The global restaurant point of sale (POS) terminal market revenue was around US$ 22.3 billion in 2023 and is estimated to reach US$ 50.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.8% during the forecast period from 2024 to 2032.

Restaurant POS systems help restaurant owners facilitate sales, food inventory, cash flow, and bookkeeping procedures as well as enhance the customer experience. Payment gateways, table bookings, and order management are further functionalities of restaurant POS terminals. Also, some restaurant POS systems have more refined capabilities, like food costing and a built-in marketing suite, to help restaurant managers with budgeting as well as planning and maintaining outreach initiatives.

Factors Influencing Market Growth

- E-wallets, online ordering, loyalty programs, table reservations, and many more features are integrated with POS terminal systems. This factor notably propels the growth of the restaurant point-of-sale terminal market.

- Technological advancements in the POS terminals like the inclusion of automation and machine learning (ML) are anticipated to boost the growth of the restaurant point of scale terminal market in the future.

- The high security risks and acquisition costs of the POS terminals hamper the growth of the restaurant POS terminal market.

- The rising adoption of POS terminals by restaurants for facilitating functions is anticipated to deliver lucrative opportunities for the growth of the market in the future.

Impact of COVID-19

The impact of the COVID-19 pandemic outbreak had a moderate influence on the restaurant point of sale terminal (POS) industry. The restaurants were increasingly adopting POS terminals for facilitating the restaurant functions and following the social distancing standards. Also, increasing dependence on digital menus in the restaurant industry has boosted the expansion of the restaurant POS terminal market. Similarly, the growth of the digital payment industry during the pandemic has driven the development of the restaurant point of sale terminal industry.

Regional Analysis

In 2022, Asia-Pacific dominated the global restaurant point of sale (POS) terminal market in terms of revenue. This is attributed to the rapidly growing and developing food service industry in countries, like China and India, as a result of promising demographic needs and augmented disposable income levels.

Leading Companies

The leading prominent companies profiled in the global restaurant point of sale (POS) terminal market are:

- Aures Group
- Diebold Nixdorf, Incorporated
- Hewlett Packard Enterprise Development LP
- INGENICO
- Lightspeed Management Company, LLC
- NCR Corporation
- Oracle
- Panasonic Corporation
- PAX Technology Limited
- Posist Technologies Pvt. Ltd.
- Posiflex Technology
- Revel Systems
- Shift4
- Squirrel System
- Touch Dynamic
- Cake
- Toast
- Other prominent key players

Segmentation Outline

The global restaurant point of sale (POS) terminal market segmentation focuses on Component, Deployment Mode, Type, Application, End User, and Region.

Segmentation based on Component

- Hardware
- Swipe Card Machine
- Touchscreen/Desktop
- Others
- Software
- Services
- Professional Services
- Managed Services

Segmentation based on Deployment Mode

- On-Premise
- Cloud

Segmentation based on Type

- Fixed POS
- Self-serve Kiosks
- Cash Counters Terminals
- Others
- Mobile POS

Segmentation based on Application

- Front End
- Back End

Segmentation based on End User

- Full-service Restaurant (FSR)
- Fine Dine
- Casual Dine
- Quick Service Restaurant (QSR)
- Institutional FSR
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa