Restaurant Point-Of-Sale Terminals Market size was over USD 23.94 billion in 2024 and is anticipated to reach USD 84.62 billion by the end of 2037, growing at around 10.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of restaurant point-of-sale terminals is assessed at USD 25.89 billion.
The growth is propelled by the increasing surge in the adoption of online orders using delivery services and apps in the past few years, and the COVID-19 pandemic has only increased the demand for such services. According to a report, food deliveries have increased to a worldwide market worth about 150 billion USD, which has more than tripled since 2017. In the U.S., this has doubled during the COVID-19 pandemic, which is following positive growth of about 8%.
Furthermore, there is a surge in demand for quick-service restaurants, also known as fast-food restaurants, which provide inexpensive, fast foods with minimal table service. The Quick-service restaurant (QSRs) heavily relies on point-of-sale (POS) terminals mainly for payment processing, order taking, data analysis, inventory management, and also for ensuring efficient and smooth restaurant management. According to a report by MediaRadar, the cloud-based sales enablement tool, is estimated to reach about 300 billion USD in 2021 from about 12% in 2020.
Author Credits: Abhishek Verma
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