Asia-Pacific restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR 9.3% during the forecast period. 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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It is also working to increase its digital presence as well. Yum China is facing stiff competition as the Chinese restaurant market is becoming increasingly crowded with other potential players who are expanding quickly, which includes Starbucks Corp., Burger King, and Tim Hortons. The increasing focus on expansion will drive the adoption of advanced technologies, including POS systems that can make easier interaction between consumers and kitchen staff as well as facilitate order management and bill payments.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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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