Indian restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 9.5% during the forecast period. Emerging demand for cloud-based POS across Indian restaurants is one of the key factors leveraging market growth. Restaurants with operations in India demands a cloud POS, that is easy to use and allows restaurant owners to manage their business smartly. Along with billing, a good restaurant POS also supports taking orders (waiter app), management of orders (Kitchen Order Tickets, kitchen display system), integration of online orders (Swiggy, Zomato orders), and inventory management. Increasing online food ordering services in the country encourages restaurant owners to use advanced platforms to manage orders efficiently.
The online food ordering business in India has been witnessing exponential growth. The presence of online food delivery players such as Swiggy, FoodPanda, and TinyOwl, is contributing to the expansion of the sector in the country. This results in an increasing demand for cloud-based POS which is an easy-to-use solution that enables restaurants to control inventory and manage customers. Some crucial cloud-based POS used across restaurants in India include GoFrugal, Petpooja, SlickPOS, and POSist. SlickPOS offers end-to-end restaurant management tools such as online orders integration, order management, customer feedback, inventory with the recipe, and more. These solutions enable restaurant owners to meet the customers’ requirements and improve customer experience.
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Scope of the Indian Restaurant POS Terminals Market
Market Coverage
- Market number available for 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered- By Product, Deployment, and End-User
- Competitive Landscape- NCR Corp., Ingenico Group, PAX Technology, and Posiflex Technology, Inc.
Recent Strategic Initiatives in the Indian Restaurant POS Terminals Market
- 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.
- In November 2018, Dineout acquired Torqus, a provider of SaaS-based restaurant management software. This acquisition will reinforce its position as a full-stack technology service provider in the online restaurant-booking space and will expand Dineout’s services for the restaurant industry.
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Indian 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
Company Profiles
- GOFRUGAL Technologies Pvt Ltd.
- HP, Inc.
- Ingenico Group
- Inresto
- Mswipe Technologies Pvt Ltd.
- NCR Corp.
- PAX Technology
- Posiflex Technology, Inc.
- POSist Technologies Pvt. Ltd.
- Prayosha Food Services Pvt. Ltd.
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