The global restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 7.8% during the forecast period. Expansion of food outlets and emerging demand for advanced payment options in the restaurants are primarily leveraging the adoption of POS terminals. An increasing number of food outlets have been witnessed owing to the rising shift towards western-style diets. Several major food outlets such as McDonald’s, Domino’s Pizza, and Pizza Hut have been reported expansion across the globe to meet the increased consumption of fast foods across the globe. 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.
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In 2020, McDonald's Corp. is continuing to actively invest in Russia’s economy and increase its presence on the market. The expansion of these food retail outlets is driving 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. McDonald’s Corporation serves more than 68 million customers every day. With the use of Amazon Web Services (AWS), McDonald’s can complete 8,600 transactions per second through its POS system. In 2016, McDonald’s Corporation using AWS to support McDonald’s build a secure, scalable digital platform.
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Global 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
Regional Analysis
• North America
o United States
o Canada
• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Rest of the World
Company Profiles
• Aireus, Inc.
• Clover Network, Inc. (Fiserv)
• Diebold Nixdorf, Inc.
• Epos Now, Ltd.
• HP, Inc.
• Ingenico Group
• Lavu, Inc.
• Lightspeed POS, Inc.
• Mad Mobile, Inc.
• NCR Corp.
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