Restaurant Point-of-Sale (POS) Terminals Market Analysis

Product type (Fixed, mobile)

Fixed POS is estimated to gain a robust market share of 54% in the coming years owing to a simple and beginner-friendly user experience, which helps to attract users and increase the newer and younger workforce. This also helps to reduce the cost of training, a significant challenge faced by several restaurant POS terminals market. According to a report, the turnover rate for restaurants was 72.9% nationally, while for the full-service restaurants by the end of 2017, according to their hourly staff turnover rate was about 102.8%.

Component (Hardware, Software, Services)

The Hardware segment in restaurant point-of-sale terminals market is set to garner a notable share shortly and is likely to remain the second largest segment in the component of the market as it enables the Point-of-Sale terminals to provide users with more personalized experiences, that can support several features such as targeted marketing, loyalty programs, along with tailored recommendations also. This can lead to increased customer satisfaction and engagement, as consumers feel more connected and valued by the business. This can act as a growth driver for the restaurant POS terminals market, as it can help to differentiate businesses and attract more customers.

Deployment (Cloud, on-premises)

The cloud-based segment in restaurant pos terminals market is estimated to hold a noteworthy share owing to the improved data protection and security for user data which is managed and stored by the software. The data is stored on secured and remote servers and can ensure greater privacy and security from data breaches and losses. According to a survey by Netwrix in March 2022, more than 720 IT professionals were surveyed all over the globe using online questionnaires, and about 80% of the organization's data is stored in cloud-based storage.

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