European restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 7.1% during the forecast period. Expansion of restaurant chains is the major factors boosting the market growth. In April 2020, McDonald’s Corp. declared its plans to expand in Russia’s Far East in December 2020. Further, in August 2016, Pizza Hut, a division of Yum Brands, Inc. strengthened its commitment to expansion in Europe and signed a development agreement with AmRest Holdings SE for Eastern and Central Europe. AmRest operates nearly 80 Pizza Hut restaurants in the Czech Republic, Poland, and Russia and signed an agreement with Pizza Hut for the development of more than 300 restaurants in the next five years. Under the agreement, AmRest will obtain the right to own, develop, and sub-franchise Pizza Hut restaurants in Slovakia, Croatia, Poland, Bulgaria, Czech Republic, Hungary, Slovenia, and Serbia. This, in turn, is accelerating the demand for POS terminals that supports manage restaurant sales, improve & enhance customer service, manage inventory, control finances, and facilitate marketing. The system facilitates communications between the kitchen and the wait staff and thereby supports improve customer experience.
A full report of European Restaurant Point-of-Sale (POS) Terminals Market is available at: https://www.omrglobal.com/industry-reports/european-restaurant-point-of-sale-pos-terminals-market
Scope of the European Restaurant POS Terminals Market
- Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Product, Deployment, and End-User
- Regions Covered- UK, Germany, France, Spain, Italy, and Rest of Europe
- Competitive Landscape- NCR Corp., Ingenico Group, Orderbird AG, and SAP SE
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Recent Strategic Initiatives in the European Restaurant POS Terminals Market
- In August 2020, Mad Mobile, Inc. signed an agreement to acquire CAKE, a restaurant technology company owned by Sysco Corp. The CAKE POS solution serves over 5,000 restaurant locations. This acquisition will increase the vision of Mad Mobile to offer a next-generation POS solution that features an advanced architecture and mobile capabilities. It will integrate its mobile platform with CAKE technology for delivering a mobile-first POS solution for all kinds of restaurants.
- In January 2020, Lightspeed POS Inc., an omnichannel POS platform provider that serves approximately 57,000 small and medium-sized retail and restaurant locations globally, signed an agreement to acquire Gastrofix, a cloud-based POS hospitality software in Germany. This will enable Lightspeed to bring two high-performing, complementary teams together to effectively support European merchants for transition to the cloud.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/country dominates the market in the base year?
- Which segment/country will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected country/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
European 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
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