Asia-Pacific restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR 9.3% during the forecast period. Expansion of quick-service restaurants (QSR) and increasing demand for advanced payment processing systems in the hospitality industry are some pivotal factors accelerating market growth. QSR such as KFC, McDonald’s, and Burger King have been expanding their presence and customer base in the region. Therefore, these restaurants are focusing on increasing their food retail outlets to effectively serve the customer base. For instance, in July 2019, Yum China Holdings Inc. declared that it is planning to leverage the opening of new locations in China. This has resulted as its KFC chain sees increased expectations by gaining the attention of more customers with delivery and discounts.
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It is also working to increase its digital presence as well. Yum China is facing stiff competition as the Chinese restaurant market is becoming increasingly crowded with other potential players who are expanding quickly, which includes Starbucks Corp., Burger King, and Tim Hortons. The increasing focus on expansion will drive the adoption of advanced technologies, including POS systems that can make easier interaction between consumers and kitchen staff as well as facilitate order management and bill payments.
Based on countries, the market is segmented into China, India, Japan, and the Rest of Asia-Pacific. In Japan, a range of restaurants and menu items is continuously expanding as Japanese consumers are highly interested in trying new cuisines. Additionally, since 2012, the number of inbound tourists has skyrocketed, primarily due to increasing visitors from Asian countries. Zensho Group, McDonald’s, and Subway are some major food chains that operate in Japan. In India, emerging fast-food retail chains such as Pizza Hut and Domino’s Pizza have been witnessed over the years, which in turn, is supporting the demand for POS terminals to increase customer experience.
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Asia-Pacific Restaurant Point-of-Sale (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
Regional Analysis
- China
- India
- Japan
Rest of Asia-Pacific
Company Profiles
- Bitel Co., Ltd.
- HP, Inc.
- Ingenico Group
- Mswipe Technologies Pvt Ltd.
- NEC Corp.
- Panasonic Corp.
- PAX Technology
- POSist Technologies Pvt. Ltd.
- Samsung Electronics Co., Ltd.
- Toshiba Corp.
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