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.
For instance, in September 2020, Lightspeed, a provider of cloud-based, omnichannel commerce platforms declared the availability of Order Ahead It is a cost-efficient online ordering management system that is intended to facilitate takeout, supporting North American restaurants to offer an entirely contactless dining experience to the customers. The restaurant-to-consumer delivery market has been emerging globally due to the COVID-19 outbreak. As a result, the hospitality industry is moving towards technology to minimize high fees and friction for takeout and delivery experience. With this new system, restaurants can combine a new sales channel directly into their current POS and offer a contactless end-to-end experience.
The US restaurant POS terminals market is segmented based on product, deployment, and end-user. Based on the product, the market is classified into fixed and mobile POS terminals. Mobile POS is expected to grow at the fastest CAGR during the forecast period. Mobile POS systems enable restaurants to improve their service ordering as it allows efficient and fast payments through payment gateways, proper selection of food items through seamless menu integration, facilitates live tracking of orders, and direct receipt generation upon payment. Based on deployment, the market is classified into cloud-based and on-premise. Based on end-user, the market is classified into FSR, QSR, institutional, and others.
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US 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
A full Report of US Restaurant Point-of-Sale (POS) Terminals Market is Available @ https://www.omrglobal.com/industry-reports/us-restaurant-point-of-sale-pos-terminals-market
Company Profiles
- Clover Network, Inc. (Fiserv)
- Diebold Nixdorf Inc.
- HP Inc.
- Lavu, Inc.
- Lightspeed POS Inc.
- Mad Mobile, Inc.
- NCR Corp.
- Oracle Corp.
- PAR Technology Corp.
- Revel Systems, Inc.
- Shift4 Payments, LLC
- Square, Inc.
- Toast, Inc.
- Upserve, Inc.
- VeriFone, Inc.
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