The global restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR 7.8% during the forecast period. Increasing demand for self-service kiosks in restaurants is the major factor accelerating the growth of the market. Restaurants have started to employ self-serve kiosks to increase customers’ convenience. The emerging trend of self-service kiosks has been reported in all kinds of restaurants ranging from fast food to sit-down dining. Several enterprise chains have been transforming their ordering model to implement kiosks, online or mobile ordering, and tabletop ordering.
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With its implementation, consumers can order without requiring staff interaction. This offers an opportunity for restaurants as it accelerates their profit margins while providing more convenient ways for ordering to customers. Additionally, self-service kiosks can minimize order time by nearly 40%, which is the major benefit of employing self-service kiosks in restaurants. Therefore, self-service kiosks improve the productivity of restaurants while enhancing profit margins as it allows customers to order more food by using kiosk compared to a person. In addition, it can support to increase sales orders by providing incentives upon checkout and incorporate rewards and loyalty programs.
A Full Report of Global Restaurant Point-of-Sale (POS) Terminals Market is Available at: https://www.omrglobal.com/industry-reports/restaurant-point-of-sale-pos-terminals-market
Some prominent players in the market include NCR Corp., HP, Inc., Ingenico Group, Toshiba Corp., and Mad Mobile, Inc. Product launches and mergers and acquisitions are some key strategic initiatives adopted by the market players to leverage their market share. For instance, in November 2019, NCR Corp. declared the acquisition of POS Solutions, a provider of POS and restaurant solutions in central Texas, US. This acquisition will further widen access to NCR’s restaurant technology. NCR solutions such as the NCR Aloha Essentials subscription package and signature NCR Aloha point-of-sale platform offer everything restaurants require to run their business, leverage efficiency, and enhance growth. This will increase NCR capabilities to offer solutions and serve its customers in local restaurant markets, including Austin.
Global Restaurant Point-of-Sale (POS) Terminals Market- Segmentation
By Product
- Fixed
- Mobile
By End-User
- Full-Service Restaurant (FSR)
- Quick Service Restaurant (QSR)
- Institutional
- Others
By Type
- Cloud-based
- On-Premise
Global Restaurant Point-of-Sale (POS) Terminals Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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