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The restaurant POS systems market shipments is estimated to grow at rate of more than 15% to reach 20 million units by 2024. Manufacturers in the industry are engaged in offering application-based solutions consisting of several features that support restaurant operations. For instance, Lavu, Inc. is offering application-based POS solutions for bars, ice cream shops, food trucks, and pizza outlets, among others. These tools allow the staff to manage sales, inventory, and customer orders through a single solution. It helps companies to enhance their sales & productivity by reducing business expenses involved in incorporating multiple solutions for performing these operations.Moreover, the growing adoption of software tools at food outlets will drive the restaurant POS systems market. Several hardware components including cash drawers, barcode scanners, card readers, etc., are being operated through software programs. Manufacturers in the industry are offering customized software tools for food outlets that suit their business operations.
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In the restaurant POS systems market, mobile solutions are experiencing high adoption owing to increased requirements for advanced technologies to improve the customer experience and satisfaction levels. These mobile solutions help food outlets to offer tableside payment and ordering facilities. They also provide several advantages to the food centers including improved customer engagement, crowd management, fast order tacking, and payment settlement options. Such advantages are driving the adoption of these advanced solutions in dining areas, thereby accelerating the market growth.
The applications of these payment solutions in QSRs are high owing to a rise in the number of fast-food outlets including McDonalds, Pizza Hut, KFC, etc. These companies are incorporating integrated countertop models that allow them to provide self-service to their customers. It allows customers to order and pay the restaurant bills at the counter using a single solution. Moreover, the rapid expansion of these food outlets in several countries is expected to drive the restaurant POS systems market.
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The North America restaurant POS systems market is experiencing rapid growth due to the increased number of food outlets in this region. The fast-food consumption rate of citizens in the U.S. and Canada is growing at a fast pace due to a rise in the Food-Away-From-Home (FAFH) category of individuals. Such individuals are dependent on several food outlets for their breakfast, lunch, and dinner, which will drive the number of restaurant outlets in the country. These food outlets are witnessing increased requirement of the payment systems, thereby propelling the market growth.
Players in the restaurant POS systems market include Samsung Electronics Co., Ltd., VeriFone, Holdings, PAR Technology Corporation, NCR Corporation, Ingenico Group, Diebold Nixdorf, NEC Corporation, Micros Systems, Inc., Panasonic Corporation, Toshiba Corporation, Toast, Inc., Square, Inc., PAX Technology, and TouchBistro, Inc., among others. These companies are competing based on the demands and requirement of consumers from various industrial sectors. Technological innovations by restaurant POS systems industry players are growing rapidly, driving the adoption of smart solutions in payment devices.
Browse key industry insights spread across 293 pages with 349 market data tables & 31 figures & charts from the report, “Restaurant POS Systems Market Size By Product (Fixed POS System, Mobile POS System) By Component (Hardware, Software, Services) By Application (FSR [Fine dine, Casual Dine/Fast Casual], QSR, Bars & Pubs, Cafes & Bistros), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/restaurant-pos-terminals-market
Table of Contents (ToC) of the report:
Chapter 4 Restaurant POS Systems Market, By Component
4.1 Key trends in the market, by component
4.1.1 Hardware
4.1.1.1 Market estimates and forecast, 2013 – 2024
4.1.1.2 Market estimates and forecast, by region, 2013 - 2024
4.1.2 Software
4.1.2.1 Market estimates and forecast, 2013 – 2024
4.1.2.2 Market estimates and forecast, by region, 2013 - 2024
4.1.3 Service
4.1.3.1 Market estimates and forecast, 2013 – 2024
4.1.3.2 Market estimates and forecast, by region, 2013 - 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/restaurant-pos-terminals-market
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