The Asia Pacific Restaurant Point Of Sale Terminal Market would witness market growth of 8.3% CAGR during the forecast period (2023-2029).
Restaurant staff must therefore maintain effective order and invoicing systems to ensure a pleasant dining experience. In addition, a POS system manages the back-end configuration during busy periods to ensure smooth front-end functioning. Thus, the number of nightclubs and dine-in restaurants will increase over the coming years, providing growth opportunities for the market.
To track sales, products, operations, and inventory, restaurants, bars, and food service providers heavily rely on point of sale (POS) technology. Touchscreen ordering technology is excellent for ensuring the correct fulfillment of consumer orders. Due to its critical role as a tool for tracking sales, POS technology typically accounts for the largest of restaurants' IT budgets and investments. Large restaurants, such as nightclubs, eating establishments, hotels, cafes, breweries, bars, wineries, and casinos, offer expensive menus, and customers prefer card payment in these circumstances. As a result, the size and expense of the restaurant's menus serve as a catalyst to increase the need for restaurant POS devices.
Over the past ten years, the restaurant sector in India has experienced substantial growth. India's massive middle class soon grew due to liberalization, and the nation's restaurant business also flourished at the same time. Furthermore, urbanization is happening quickly; the growing acceptance of Western lifestyles and the increase in working-age women with more disposable income are expected to raise the restaurant sector in India. In addition, the need for more young adults to eat out and order takeaway increased as more people migrated away from their hometowns or to other towns and cities, leading to the restaurant culture's growth. Thus boosting the market growth in the Asia Pacific region.
The China market dominated the Asia Pacific Restaurant Point Of Sale Terminal Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $3,516.6 million by 2029. The Japan market is estimated to grow a CAGR of 7.6% during (2023 - 2029). Additionally, The India market would showcase a CAGR of 8.9% during (2023 - 2029).
Based on Application, the market is segmented into Front-End and Back-End. Based on End User, the market is segmented into Full-Service Restaurant (FSR), Quick Service Restaurant (QSR), Institutional and Others. Based on Component, the market is segmented into Hardware and Software. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Product, the market is segmented into Fixed and Mobile. Based on Fixed Type, the market is segmented into Cash Counters Terminal, Vending Machine and Self-serve Kiosks. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Restaurant Point Of Sale Terminal Market is Projected to reach USD 33.9 Billion by 2029, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Aireus Inc. (CaTech systems Ltd), DCR Point of Sale Systems, Alchemy Web Private Limited, Lightspeed Commerce Inc., PAX Global Technology Limited, VeriFone Holdings, Inc. (Francisco Partners), NCR Corporation, Revel Systems (Welsh, Carson, Anderson & Stowe) and TouchBistro, Inc.
By Application
By End User
By Component
By Deployment
By Product
By Country
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