Restaurant Point of Sale(POS) Solution Market to Grow with a CAGR of 21.49% Globally through to 2028
Restaurant Point of Sale(POS) Solution market is increasing
due to rising adoption of advanced technologies like cloud, mobile, analytics
and AI by restaurants globally in the forecast period, 2024-2028.
According to TechSci Research report, “Global Restaurant
Point of Sale(POS) Solution Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028 Global Restaurant
Point of Sale(POS) Solution market has witnessed tremendous growth in recent
years, reaching a valuation of USD 21.49 billion in 2022. The market is
projected to continue its strong upward trajectory, posting a CAGR of 7.98%
from 2024 to 2028.The global restaurant POS solution market is
experiencing significant growth driven by rising adoption among quick service
restaurants, full-service restaurants, and institutional foodservice
establishments worldwide. Restaurant owners recognize that advanced operations
management capabilities are strategic for optimizing workflows, managing costs
effectively and enhancing the customer experience. Many restaurant businesses are partnering with leading
POS solution providers to streamline processes such as inventory management, payroll,
and financial reporting. POS solutions are helping improve collaboration
between kitchen and front-of-house staff and drive efficiencies across
distributed restaurant chains. Technologies like cloud-based platforms, mobile
ordering solutions, and AI-powered demand forecasting have given restaurant
owners advanced capabilities to deliver customized customer experiences. This
is helping businesses gain competitive advantages through improved
productivity, reduced costs, and data-driven decision making.
Adoption is also fueled by industry digital
transformation strategies prioritizing flexibility and convenience. Restaurant
owners now understand the strategic value of POS solutions in supporting
multiple locations, enabling off-premise and delivery business models, and
facilitating the development of new store concepts. This shift is driving
demand as companies seek to optimize costs and quickly respond to evolving
consumer preferences.
Continued innovation in areas like predictive
analytics, mobile-first design and digital marketing integrations is further
propelling the market. Restaurants can develop customized, data-driven and
adaptive operations models tailored to their business needs.
As foodservice establishments discover new ways to
leverage POS solutions for digital transformation and smart restaurant
strategies, long-term growth prospects remain positive. Reliable and advanced
operations management capabilities have become critical for supporting
omnichannel growth, enabling customized customer experiences, and scaling
restaurant portfolios globally. The market is poised to grow strongly as
adoption increases across geographies and restaurant segments to support
evolving digital operation’s needs.
Browse over 26 market data Figures spread through 91
Pages and an in-depth TOC on "Global Restaurant Point of Sale (POS) Solution Market.”
The Global Restaurant Point of Sale (POS) Solution
Market is segmented by deployment, application, and end-use.
By deployment, the market is segmented into on-premises
and cloud-based solutions. The cloud-based segment dominates with around 60%
share due to benefits like reduced costs, automatic software updates, and
improved data security compared to on-premises offerings.
By application, the segmentation includes full-service
restaurants, quick-service restaurants, and institutional foodservice. Among
these, the quick-service restaurant segment accounts for approximately 40% of
the market. QSRs have led adoption of POS systems to efficiently manage high
transaction volumes during peak hours.
In terms of end-use, the market covers retail,
restaurants, entertainment, and other segments. The restaurant segment
dominates as foodservice establishments increasingly recognize the strategic
and operational advantages of advanced POS solutions.
Going forward, the entertainment and retail segments
are expected to witness the fastest growth in adoption. This is because these
end-users are leveraging data-driven POS capabilities to optimize the customer
experience through digital ordering, queue management, and targeted promotions.
The growing demand for omnichannel engagement models will also propel the
growth of these solution segments in the global POS market.
Major companies operating in Global Restaurant
Point of Sale(POS) Solution Market are:
- Toast, Inc
- ShopKeep
- Revel Systems Inc.
- NCR Corporation
- Oracle Corporation
- Lightspeed POS Inc.
- PAR Technology Corporation
- Clover Network, Inc.
- Upserve, Inc.
- LimeTray
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“The global restaurant POS solution market is
witnessing significant growth driven by advancements in digital technologies
such as artificial intelligence, cloud computing, mobile technologies, big data
analytics, and the Internet of Things. POS solution providers are leveraging
these technologies to deliver enhanced capabilities to their restaurant
customers.
POS solutions now enable restaurants to generate
predictive insights, automate complex workflows, offer personalized
recommendations, and manage operations at scale. This helps restaurants
optimize and transform both front-of-house and back-of-house operations. POS
solutions facilitate customized operations management by collecting and
analyzing vast amounts of sales data through advanced analytics platforms. This
allows restaurants to deeply customize their strategies, manage compliance more
effectively, and enhance customer experiences.
The adoption of POS solutions is no longer limited to
just large restaurant chains. Independent restaurants and quick-service
establishments are also partnering with POS vendors to streamline processes,
reduce costs, and strengthen compliance controls. POS companies continue
investing heavily in R&D to develop industry-specific solutions and address
the diverse needs of restaurants of all sizes.
Regulatory authorities are developing frameworks to
ensure data privacy and security standards are maintained, fostering innovation
in the POS solution market. Backed by ongoing technological advancements,
growing acceptance of data-driven operations strategies, and continuous product
innovation, the global POS solution market is well-positioned for sustained
high growth in the coming years.
As digital technologies become core capabilities for
restaurants, POS solutions are cementing their role as indispensable tools to
optimize processes across all restaurant business models. Analysts remain
bullish on the future prospects of the global POS solution market.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Restaurant
Point of Sale(POS) Solution Market by Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028, , Segmented by Deployment (On-premises,
Cloud-based), By Application
(Full-service restaurants (FSR), Quick-service restaurants (QSR),
Institutional FSR), By End-Use (Retail, Restaurants, Entertainment, Others), By Region, By Competition”, has evaluated
the future growth potential of Global Restaurant Point of Sale(POS) Solution Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Restaurant Point of Sale(POS) Solution Market.
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