Global POS Restaurant Management System Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 13.5 % through 2020 to 2027, reaching US$ XX Bn.
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The point-of-sale (POS) terminals installed in restaurants are essential for recording billing, sales figures, inventory control, and payroll. The data poised on the POS terminal also aid owners for sales tax reporting and keeping track of monthly and yearly sales.
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global POS Restaurant Management System Market Dynamics:
The report analyzes factors affecting POS restaurant management system market from both demand and supply side and further evaluates market dynamics affecting the market during 2020-2027 such as drivers, restraints, opportunities, and future trend. The emergence of new technological innovations includes recent technologies like DDI (AI) and IoT finding their usage across both industrial and residential applications and the rapid pace of POS restaurant management system taking place across many industries is estimated to drive the growth of the global market during the forecast period.
In 2019, the manufacturing industries are likely to invest about US$ 340 Bn on POS restaurant management system. Investments in robotics, autonomous and freight operations are expected to generate revenues of US$ 128 Bn in the same year. With the transformation of business models trendy on account of the emergence of IoT, AI, and Robotics, the market is estimated to observe significant growth over the upcoming 6-7 years.
The introduction of 5G network is estimated to provide various business opportunities as well as tap additional sources of revenue for the telecom industries, on account of the upsurge in speed and responsiveness of the wireless networks.
Global POS Restaurant Management System Market Segmentation:
The report covers the segments in the POS restaurant management system market such as type, applications, end-user, and component. Based on type, the mobile POS software segment is dominating the POS restaurant management system market and valued around US$ XX Bn in 2019 thanks to the growing adoption of mobile technology and various advantages provided by the mobile POS software.
By component, software platform segment was valued at USD XX.4 Mn in 2019 and is expected to reach at USD XX.2 Mn by 2027 at a CAGR of XX% over the forecast period. The system comprises many hardware components that need to be managed and operated with programming commands. The software solutions provide the user with a platform to operate these components whenever it is needed.
Global POS Restaurant Management System Market Regional Analysis:
The Asia-Pacific POS restaurant management system market was valued at US$ XX Mn in 2019 and is expected to reach a value of US$ XX Mn by 2027, with a CAGR of XX% during the forecast period. This is because of the rising number of QSRs. This increasing number of restaurant outlets in the populated economies across the region is encouraging worldwide manufacturers to expand their business presence and proposal their diversified solutions. Additionally, growing government regulations regarding the promotion and adoption of cashless technologies also provide an impulse to Indian market growth.
In 2017, Hong Kong held a major share of 51.7% in ICT goods exports between nations, which was followed by Singapore 32%, Philippines 35.9%, and Malaysia 31%. Moreover, growth of the worldwide economy along with various efforts taken by countries like Germany, Japan, China, United States, Netherlands, Korea and other ICT goods exporting countries is anticipated to help the growth of the IT and Telecommunication sector.
Global POS Restaurant Management System Market Competitive Landscape:
The competitive landscape section in the POS restaurant management system market offers a deep dive into the profiles of the leading companies operating in the target market landscape. It provides captivating insights on the key developments, differential strategies, and other crucial aspects about the companies having a stronghold in the POS restaurant management system market. Such as, in 2016, Revel and VeriFone entered into a partnership for simplifying & growing their payment management.
The objective of the report is to present a comprehensive analysis of the Global POS Restaurant Management System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global POS Restaurant Management System Market dynamics, structure by analyzing the market segments and projects the Global POS Restaurant Management System Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global POS Restaurant Management System Market make the report investor’s guide.
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Scope of the Global POS Restaurant Management System Market: Inquire before buying
Global POS Restaurant Management System Market, By Type
• Mobile POS Terminal
• Fixed POS Terminal
Global POS Restaurant Management System Market, By Application
• Delivery Management
• Order Management
• Stock & Inventory Management
Global POS Restaurant Management System Market, By Component
• Software Platform
• Support Services
Global POS Restaurant Management System Market, By End User
• Full-Service Restaurant
• Quick-Service Restaurant
Global POS Restaurant Management System Market, By Region
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Key players operating in Global POS Restaurant Management System Market
• NCR Corporation
• PAR Technology Corporation
• First Data Corporation.
• Sysco Corporation
• Ingenico Group
• Toshiba Corporation
• Intel Corp.
• Oracle Corp
• Samsung Electronics Co Ltd
• Aloha POS/NCR
• Shift4 Payments
• Heartland Payment Systems
• Toast POS
• Clover Network, Inc.
• Focus POS
• Revel Systems
• EZee Technosys
• SilverWare POS
• BIM POS
• FoodZaps Technology
• Fujitsu Limited
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