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

APAC Market Forecast

The restaurant point-of-sale terminals market in Asia Pacific is estimated to have the largest share of approximately 41% in 2023, impelled by the 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 Statistics

The North American restaurant point-of-sale terminals market is estimated to be the second largest, during the forecast timeframe is led by the integration of several advanced technologies such as machine learning along with automation into POS terminals and is expected to further drive restaurant POS terminals market growth by enhancing operational efficiency and providing innovative solutions to restaurant owners.