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Restaurant POS Terminals Market Trends

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

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Restaurant POS Terminals Market Trends

With the deadly COVID-19 outbreak, restaurants worldwide were affected severely at the beginning of 2020. Due to the lockdown and other restrictions, many small businesses in the hospitality sector were forced to shut down. However, as the restraints on crowding and other movement are lifted, the rate of dine-ins has increased considerably this year. Such a scenario could boost the implementation of restaurant POS terminals by 2032.

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.