The US restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 6.9% during the forecast period. Rising demand for cloud-based POS systems and the expansion of restaurant chains are pivotal factors that accelerate market growth. Increasing adoption of cloud-based POS systems has been witnessed in large, small, and medium-sized restaurants, owing to its scalability, cost-effectiveness, ease of use, and security. Owing to the increasing demand for cloud-based POS systems, the companies are launching new services to streamline customer operations.
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For instance, in September 2020, Lightspeed, a provider of cloud-based, omnichannel commerce platforms declared the availability of Order Ahead It is a cost-efficient online ordering management system that is intended to facilitate takeout, supporting North American restaurants to offer an entirely contactless dining experience to the customers. The restaurant-to-consumer delivery market has been emerging globally due to the COVID-19 outbreak. As a result, the hospitality industry is moving towards technology to minimize high fees and friction for takeout and delivery experience. With this new system, restaurants can combine a new sales channel directly into their current POS and offer a contactless end-to-end experience.
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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
US 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
The Report Covers
- Comprehensive research methodology of the US 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 US restaurant POS terminals market.
- Insights about market determinants which are stimulating the US 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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