Expansion of quick-service restaurants (QSR) and increasing demand for advanced payment processing systems in the hospitality industry are some pivotal factors accelerating market growth. QSR such as KFC, McDonald’s, and Burger King have been expanding their presence and customer base in the region. Therefore, these restaurants are focusing on increasing their food retail outlets to effectively serve the customer base. For instance, in July 2019, Yum China Holdings Inc. declared that it is planning to leverage the opening of new locations in China. This has resulted as its KFC chain sees increased expectations by gaining the attention of more customers with delivery and discounts.
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Some prominent players in the market include NEC Corp., HP, Inc., Samsung Electronics Co., Ltd., Toshiba Corp., and PAX Technology. Partnerships and collaborations and product innovations are some strategies implemented by the companies to leverage their market share. For instance, in October 2019, Toshiba integrates Intel processing within its global POS systems which aims to empower retailers and increase customer experience. The 9th Generation Intel Core S-series processors for Toshiba’s TCx 700 and TCx 300 POS systems leverage performance, supporting decrease customer checkout times while increasing the efficiency of retailers. This integration will enable store associates to more rapid transition between POS programs and windows and support associates to finish additional POS tasks more rapidly and streamline efficiency which results in shorter lines and higher customer satisfaction. It offers a higher-level of POS performance, security, processing power, and scalability.
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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
Asia-Pacific 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
Asia-Pacific Restaurant POS Terminals Market– Segment by Country
- China
- India
- Japan
- Rest of Asia-Pacific
The Report Covers
- Comprehensive research methodology of the Asia-Pacific 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 Asia-Pacific restaurant POS terminals market.
- Insights about market determinants which are stimulating the Asia-Pacific 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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