How Has the Restaurant Point Of Sale (POS) Software Market Evolved Historically and What is its Current Size?
The restaurant point of sale (pos) software market has seen considerable growth due to a variety of factors.
• The restaurant point of sale (POS) software market has grown significantly in recent years. It will rise from $11.49 billion in 2024 to $12.48 billion in 2025, at a compound annual growth rate (CAGR) of 8.6%.
The growth in the past period has been driven by technological advancements, regulatory compliance, changing consumer behavior, the demand for data-driven insights, and the globalization of businesses.
What Is The Projected Growth Of The Restaurant Point Of Sale (POS) Software Template Market?
The restaurant point of sale (pos) software market is expected to maintain its strong growth trajectory in upcoming years.
• The restaurant point of sale (POS) software market is expected to reach $17.27 billion by 2029 at a CAGR of 8.4%.
The growth is driven by the adoption of contactless payments, AI and machine learning integration, sustainability efforts, regulatory changes, demand for omnichannel solutions, and a focus on customer experience. Key trends include cloud-based solutions, mobile POS, subscription pricing models, third-party app integration, and enhanced data security and compliance.
What Are The Key Drivers Fueling Growth In The Restaurant Point Of Sale (POS) Software Market?
The anticipated growth of the restaurant point of sale (POS) software market is set to be fueled by the expansion of the food and beverage industry. This industry, which involves the production, processing, distribution, and sales of edible goods and non-alcoholic drinks, is on a robust growth trajectory thanks to evolving consumer tastes, population increase, globalisation, and tech-based advancements. By streamlining restaurant operations, managing orders, monitoring inventory, and improving customer interactions, restaurant point of sale (POS) software contributes significantly to the food and beverage sector. For example, the Government of Canada reported in October 2023 that there was a record-breaking high in 2022 of processed food and beverage exports, which rose 14.1% from 2021 to reach $54.3 billion and accounted for 34.7% of the total production value. These factors suggest that the growth of the restaurant point of sale (POS) software market is closely tied to the expansion of the food and beverage industry.
What Are The Principal Market Segments In The Global Restaurant Point Of Sale (POS) Software Industry?
The restaurant point of sale (POS) software market covered in this report is segmented –
1) By Type: Terminal POS System, Tablet POS System, Mobile POS System, Online POS System, Self-Service Kiosk POS System, Other Types
2) By Component: Software, Hardware, Services
3) By Application: Inventory Management, Employee Clocking, Tablet Compatibility, Receipt Printing, Menu Building, Accounting Integration, Credit OR Debit Card Processing, Other Applications
4) By End-Users: Quick Service Restaurant (QSR), Full-Service Restaurant (FSR), Institutional, Other End Users
Subsegments:
1) By Terminal POS System: Countertop POS Systems, Integrated POS Systems, Cloud-Based Terminal POS
2) By Tablet POS System: Standalone Tablet POS Solutions, Cloud-Based Tablet POS Solutions, Tablet POS With Integrated Payment Solutions
3) By Mobile POS System: Smartphone POS Solutions, Handheld POS Devices, Mobile POS With Contactless Payments, Mobile POS For Delivery And Takeout
4) By Online POS System: Cloud-Based Online Ordering POS, Web-Based POS Solutions, Integration With Delivery Platforms
5) By Self-Service Kiosk POS System: Order Entry Kiosks, Payment Kiosks, Self-Checkout Kiosks
6) By Other Types: Hybrid POS Systems, Virtual POS Solutions, Integrated POS With Kitchen Display Systems (KDS)
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How Are Emerging Trends Reshaping The Dynamics Of The Restaurant Point Of Sale (POS) Software Market?
Dominant companies in the restaurant point of sale (POS) software market are strategically advancing their products, such as AI-based POS software, to secure a competitive edge in the industry. This software employs artificial intelligence and machine learning principles to improve restaurant management, customer service, and decision-making procedures. For example, in July 2023, Urban Vyapari, a company based in India that develops an AI-powered retail business solution platform, introduced AI-based POS software and machinery. These were designed to streamline business operations including inventory management, invoicing, supplier relations, cash and credit dealings, integration with delivery apps, and direct sales on social media platforms like Facebook and Instagram through UV WebShop and UV SocialShop. These solutions pave the way for an effortless payment process for retailers in both the retail and restaurant industries.
Who Are the Key Players In The Restaurant Point Of Sale (POS) Software Market?
Major companies operating in the restaurant point of sale (POS) software market are:
• Oracle Corporation
• NCR Corporation
• Toshiba Tec Corporation
• Infor
• Toast POS
• Heartland Payment Systems
• Shift4 Payments.
• PAR Tech
• TouchBistro Inc.
• EposNow.com
• Clover Network Inc.
• Revel Systems
• SilverWare POS
• Upserve Inc.
• POSist Technologies Pvt. Ltd.
• LimeTray
• Focus POS
• BIM POS
• FoodZaps Technology
• AccuPOS
• EZee Technosys
• Posera
• Restaurant Manager
• Aireus Inc.
What Are The Regional Insights Into The Restaurant Point Of Sale (POS) Software Market?
North America was the largest region in the restaurant point of sale (POS) software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the restaurant point of sale (POS) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
