North American restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR 6.8% during the forecast period. Increasing number of restaurants and rising demand for mobile POS are some pivotal factors encouraging the market growth. National Restaurant Association anticipates $899 billion sales of the US restaurant industry in 2020. By 2030, 1.6 million new restaurant jobs will be created in the US. This is expected to drive the expansion of restaurants chains in the US, which in turn, will accelerate the adoption of POS terminals in the country.
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Some key players in the market include NCR Corp., HP, Inc., Lightspeed POS, Inc., Diebold Nixdorf, Inc., and Mad Mobile, Inc. These companies are focusing on using strategies to gain competitive advantage in the market place. For instance, in August 2020, Mad Mobile, Inc. signed an agreement to acquire CAKE, a restaurant technology company owned by Sysco Corp. The CAKE POS solution serves over 5,000 restaurant locations. This acquisition will increase the vision of Mad Mobile to offer a next-generation POS solution that features an advanced architecture and mobile capabilities. It will integrate its mobile platform with CAKE technology for delivering a mobile-first POS solution for all kinds of restaurants.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
North American 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
North American Restaurant POS Terminals Market– Segment by Country
- US
- Canada
The Report Covers
- Comprehensive research methodology of the North American 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 the North American restaurant POS terminals market.
- Insights about market determinants which are stimulating the North American 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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