Asia-Pacific restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 9.3% during the forecast period. The expansion of fast-food retail chains is significantly accelerating market growth. Increasing fast-food consumption has resulted in driving the expansion of fast-food retail chains to potentially serve customers’ needs. There are more than 1,250 Domino’s stores present in all over India, which is further expected to increase in the near future. Additionally, in November 2018, Pizza Hut India declared plans to open more than 200 more outlets across India by 2022, which will further expand its footprint in the country. As of November 2018, Pizza Hut operates approximately 431 stores across India. The expansion of these food retail outlets will further accelerate the adoption of POS terminals that can handle everything ranging from seating order to print-to-kitchen functionality, customized menu items, and split checks. It enables restaurant operators to increase customer satisfaction and convenience, which in turn, is driving its adoption in restaurants. The POS system facilitates communications between the kitchen and the wait staff, which supports the efficient handling of customers and the management of orders much faster.
A full report of Asia-Pacific Restaurant Point-of-Sale (POS) Terminals Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-restaurant-point-of-sale-pos-terminals-market
Scope of the Asia-Pacific Restaurant POS Terminals Market
Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Product, Deployment, and End-User
- Countries Covered- China, India, Japan, and Rest of Asia-Pacific
- Competitive Landscape- NEC Corp., HP, Inc., Samsung Electronics Co., Ltd., Toshiba Corp., and PAX Technology.
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Recent Strategic Initiatives in the Asia-Pacific Restaurant POS Terminals Market
- In October 2019, Toshiba integrates Intel processing within its global POS systems which aims to empower retailers and increase customer experience. The 9th Generation Intel Core S-series processors for Toshiba’s TCx 700 and TCx 300 POS systems leverage performance, supporting decrease customer checkout times while increasing the efficiency of retailers. This integration will enable store associates to more rapid transition between POS programs and windows and support associates to finish additional POS tasks more rapidly and streamline efficiency which results in shorter lines and higher customer satisfaction. It offers a higher-level of POS performance, security, processing power, and scalability.
- In July 2019, Future Group, and LivQuik, its commerce payments affiliate have collaborated with Poynt, an open commerce platform, to extensively install smart POS solutions across India. The Poynt Platform, consists of Poynt Cloud (a set of cloud-enabled management tools), Poynt’s Smart Terminals, and Poynt OS (a powerful Android-based Operating System), offering an application ecosystem that allows merchants to increase their businesses with loyalty programs, better inventory management, and supply chain integration. For consumers, it will offer a fast and secure checkout process with the use of their payment method of choice.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected country/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Restaurant POS Terminals Market-Segmentation
By Product
- Fixed
- Mobile
By Deployment
- Cloud-based
- On-Premise
By End-User
- Full-Service Restaurant (FSR)
- Quick Service Restaurant (QSR)
- Institutional
- Others
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