Restaurant Point-of-Sale Terminal Market By Component (Hardware, Software, Services), By Deployment Type (Cloud-Based, On-Premises), By End-User (Full-Service Restaurants, Quick Service Restaurants, Cafes & Bars), By Payment Type (Cash Payment, Credit/Debit Card Payment, Mobile Payment, Contactless Payment), and By Region; Global Insights & Forecast (2023 – 2030)

As per Intent Market Research, the Restaurant Point-of-Sale Terminal Market was valued at USD 24.8 Billion in 2024-e and will surpass USD 37.7 Billion by 2030; growing at a CAGR of 7.2% during 2025-2030.

The Restaurant Point-of-Sale (POS) terminal market is a rapidly evolving sector driven by the increasing demand for efficient, streamlined restaurant management and payment processing. POS terminals are central to the operations of restaurants, enabling them to handle customer orders, payments, and inventory management in a seamless and integrated manner. With advancements in technology, restaurants now rely on a variety of POS systems that enhance the dining experience, improve operational efficiency, and support various payment methods, contributing to the overall growth of this market. The growing adoption of mobile and cloud-based POS solutions, combined with the shift toward digital payments, has accelerated the demand for these systems globally.

Hardware Segment is Largest Owing to Increased Demand for Physical Infrastructure

Among the various components in the Restaurant POS terminal market, the hardware segment holds the largest market share. Hardware components, including terminals, printers, barcode scanners, cash drawers, and tablets, form the backbone of POS systems, enabling the physical transaction process. As restaurants increasingly rely on integrated hardware to streamline operations, the demand for efficient and durable POS hardware continues to grow. The expansion of fast-food chains, quick-service restaurants (QSRs), and full-service restaurants globally further accelerates the need for robust hardware systems. Additionally, hardware is essential for the smooth execution of mobile payments and contactless transactions, which are becoming increasingly popular with customers.

In the face of growing demand, manufacturers are continually enhancing POS hardware to improve functionality, integration, and durability. For instance, new tablet-based POS systems are now replacing traditional counter-top terminals, offering flexibility and mobility to staff. The demand for high-performance and versatile hardware is expected to continue to rise as restaurants prioritize operational efficiency and better customer service.

Cloud-Based Deployment is Fastest Growing Owing to Flexibility and Cost-Effectiveness

The cloud-based deployment model for restaurant POS systems is experiencing the fastest growth in the market. This model offers significant advantages over traditional on-premises solutions, including easier updates, remote access, and lower upfront costs. Cloud-based systems also allow restaurant managers and owners to monitor their operations from anywhere in real time, a critical benefit for multi-location businesses. The ability to scale services based on demand, integrate with various payment solutions, and enhance data analytics capabilities makes cloud-based solutions highly attractive, particularly to small and medium-sized restaurants.

Moreover, cloud-based POS systems offer improved customer experience through features such as loyalty programs, online ordering, and integration with third-party applications. As businesses continue to move toward digital transformation, the demand for scalable and cost-effective solutions like cloud-based POS systems is expected to grow significantly, especially in the wake of the global shift to remote operations and increased reliance on cloud computing.

Quick Service Restaurants Segment is Largest Owing to High Volume and Speed of Transactions

The Quick Service Restaurants (QSRs) segment is the largest end-user category within the Restaurant POS terminal market. QSRs have a high transaction volume and require fast, efficient service to meet customer demand, which makes advanced POS systems a critical tool for managing orders, payments, and customer interactions. The fast-paced nature of QSRs, combined with the rise of drive-thru, delivery, and mobile order-ahead services, has driven the adoption of POS terminals capable of handling high-speed transactions and integrating with delivery platforms.

POS systems in QSRs also play a vital role in improving customer service, enabling easy upselling, order customization, and faster payment processing. As consumer preferences continue to shift toward convenience and speed, QSRs are increasingly investing in upgraded POS solutions to stay competitive, thereby driving growth in the segment. With QSR chains expanding across emerging markets and increasing their digital engagement, the demand for POS terminals in this sector is expected to remain robust.

Mobile Payment Segment is Fastest Growing Owing to the Shift Toward Contactless Transactions

The mobile payment segment is the fastest growing payment method within the Restaurant POS terminal market. The rise of mobile wallets and digital payment platforms like Apple Pay, Google Pay, and others has revolutionized how consumers pay for their meals. The convenience of paying via smartphones, coupled with the increasing demand for contactless payments due to the COVID-19 pandemic, has accelerated the adoption of mobile payments in restaurants. Mobile payments also enhance transaction security through tokenization and encryption, which has encouraged both consumers and restaurant owners to embrace this payment method.

As consumers increasingly prefer the convenience and speed of mobile payments, restaurants are upgrading their POS systems to integrate with these digital wallets. The ability to offer mobile payment options, along with the growing trend of mobile ordering and delivery services, will continue to fuel the demand for mobile payment solutions in the restaurant industry.

Asia-Pacific Region is Fastest Growing Owing to Expansion of Dining Culture

The Asia-Pacific (APAC) region is the fastest growing market for Restaurant POS terminals, driven by the expansion of the middle class, the rapid development of the foodservice industry, and the adoption of new technologies in the region. Countries like China, India, and Southeast Asian nations have seen a surge in restaurant establishments, ranging from local eateries to international restaurant chains. This growth is accompanied by a shift toward digital payment solutions and advanced POS systems to support the increasing demand for more efficient and seamless restaurant operations.

The APAC region is also witnessing a rise in the number of mobile wallet users, further boosting the adoption of mobile payment-enabled POS systems. The region's fast-paced urbanization and increasing consumer spending on dining out are expected to drive continued growth in the POS market. With rising disposable incomes and a preference for modern dining experiences, APAC is poised to lead the market in terms of growth rate over the coming years.

Competitive Landscape

Leading players in the Restaurant POS terminal market include Toast, Inc., Square, Inc., Oracle Corporation, NCR Corporation, and Lightspeed POS, among others. These companies are continuously innovating and expanding their product offerings to cater to the diverse needs of the foodservice industry. Many of these players are focusing on the integration of mobile payment solutions, cloud-based platforms, and advanced analytics to enhance the customer experience and improve operational efficiency. Partnerships and acquisitions are common strategies for market expansion, with several companies collaborating with payment solution providers, third-party delivery services, and software developers to offer comprehensive POS systems. As competition intensifies, leading companies are expected to invest heavily in research and development to create cutting-edge technologies and solutions to stay ahead of the competition.

In conclusion, the Restaurant POS terminal market is expected to continue its growth trajectory, driven by technological advancements, the rise of digital payments, and changing consumer preferences. As the industry adopts more flexible and scalable solutions, the future of restaurant POS systems looks increasingly digital and customer-centric.

List of Leading Companies:

• Toast, Inc.
• Square, Inc.
• Clover Network, Inc.
• Oracle Corporation
• Lightspeed POS
• NCR Corporation
• Ingenico Group
• Verifone Systems, Inc.
• Posera Ltd.
• Zettle by PayPal
• Pax Technology, Ltd.
• EPOS Now
• Hewlett Packard (HP) Inc.
• RedyRef Interactive Kiosks
• Revel Systems, Inc.

Recent Developments:

• Square recently launched Square for Restaurants to help small and medium-sized restaurants streamline their operations, integrating online ordering, payment processing, and back-office management.
• Toast raised $400 million in funding in 2023 to expand its cloud-based POS solutions and its services for restaurants, enhancing its technological capabilities in the food service industry.
• NCR announced the acquisition of Zebra Technologies’ restaurant point-of-sale business in early 2024, strengthening its position in the restaurant sector with advanced self-service technology solutions.
• Oracle released a new Oracle Food and Beverage POS system, which integrates AI and machine learning to optimize order accuracy and enhance customer experience in restaurants.
• Revel Systems launched a new mobile POS solution designed for quick-service restaurants to enable faster ordering and improved customer interaction through mobile devices and contactless payments.

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