The US restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 6.9% during the forecast period. Rising demand for cloud-based POS systems and the expansion of restaurant chains are pivotal factors that accelerate market growth. Increasing adoption of cloud-based POS systems has been witnessed in large, small, and medium-sized restaurants, owing to its scalability, cost-effectiveness, ease of use, and security. Owing to the increasing demand for cloud-based POS systems, the companies are launching new services to streamline customer operations.
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Some prominent players in the market include NCR Corp., HP, Inc., Lightspeed POS, Inc., and Mad Mobile, Inc. These companies are focusing on using strategies to increase their share in the market place. For instance, in August 2020, Mad Mobile, Inc. signed an agreement to acquire CAKE, a provider of restaurant technology owned by Sysco Corp. The CAKE POS solution provides service to more than 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
US 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 US 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 US restaurant POS terminals market.
- Insights about market determinants which are stimulating the US 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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