Indian restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 9.5% during the forecast period. Rising urbanization and increasing restaurant chains are pivotal factors driving the market growth. United Nations (UN) projected that India will have added 416 million urban dwellers by 2050. The rising urbanizations result in an increasing shift towards western-style diets, which leads to an expansion of restaurant chains in the country. Domino’s Pizza operates more than 1,250 stores across the country, which is expected to further increase owing to the emerging consumption of fast-food in the country.
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Some prominent players in the market include NCR Corp., Ingenico Group, PAX Technology, and Posiflex Technology, Inc. These companies are focusing on using strategies to gain a competitive advantage in the market place. For instance, 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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Indian 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
The Report Covers
- Comprehensive research methodology of the Indian restaurant POS terminals market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting Indian restaurant POS terminals market.
- Insights about market determinants which are stimulating the Indian restaurant POS terminals market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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