European restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 7.1% during the forecast period. Increasing demand for cloud-based POS solutions and expansion of restaurants chain are some pivotal factors accelerating the market growth. The demand for cloud-based POS systems has been emerging in the region owing to the increasing demand for scalable, cost-effective, security, and ease of use platform. These systems operate on mobile POS devices, including smartphones and tablets. The adoption of cloud-based POS systems is also further expected to increase coupled with the rising expansion of fast-food retail chains in the region.
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For instance, in April 2020, McDonald’s Corp. declared its plans to expand in Russia’s far east in December 2020. This aims to open restaurants in cities including Vladivostok and Khabarovsk for the first time. In 2020, McDonald’s Corp. is continuing to actively invest in Russia’s economy and increase its presence on the market. This, in turn, will leverage the demand for POS systems in restaurants to potentially serve orders and ease in 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
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
European Restaurant POS Terminals Market– Segment by Country
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
The Report Covers
- Comprehensive research methodology of the European 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 European restaurant POS terminals market.
- Insights about market determinants which are stimulating the European 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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