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Restaurant POS Terminals Market Size

Report ID: GMI3073
Published Date: Dec 2022
Report Format: PDF

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Restaurant POS Terminals Market Size

Restaurant POS terminals market size surpassed USD 10 billion in 2022 and is anticipated to witness 8% CAGR from 2023 to 2032. Increasing emphasis on maintaining and streamlining consumer engagement along with sales operations across restaurants is slated to bolster the industry demand.

Restaurant POS terminals market

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Rising concerns regarding cyberattacks and data breaches may impede restaurant POS terminals market growth. Awareness regarding cybercrimes has made consumers anxious about sharing their personal data and other card details with restaurant businesses. Restaurants that are not acclimated to encryption technology and wireless solutions find it more difficult to safeguard their devices against such data breaches. The privacy and security risks associated with conducting business online could also influence product deployment.

Restaurant POS Terminals Market Report Attributes
Report Attribute	Details
Base Year:	2022
Restaurant POS Terminals Market Size in 2022:	USD 10 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8%
2032 Value Projection:	USD 35 billion
Historical Data for:	2018 to 2022
No. of Pages:	300
Tables, Charts & Figures:	502
Segments covered:	Product, Component, Application, Region
Growth Drivers:	Increase in the number of QSRs in North America The growing adoption of EMV compliant POS terminals in Europe Growing demand for the food delivery services in Asia Pacific The growing penetration of digitalization in South America and MEA Rising demand for POS systems in restaurants for inventory or stock management
Pitfalls & Challenges:	Data security concerns High cost of software upgrades

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of restaurant POS terminals exceeded USD 10 billion in 2022 and is anticipated to witness 8% CAGR from 2023 to 2032.

Fixed POS terminals segment size is expected to observe nearly 5% CAGR between 2023 and 2032 attributed to its wide-ranging features.

APAC industry is projected to witness 10% growth rate through 2032, owing to rising shift towards contactless payment solutions.

NCR Corporation, NEC Corporation, Oracle Corporation, Panasonic Corporation, PAR Technology Corporation, and PAX Technology are some of the key manufacturers of restaurants POS terminals.