Demand for POS terminals has witnessed a significant rise in light of its multi-functionality benefits to restaurant owners, which in turn has driven the demand for POS restaurant management systems.
Albany, NY -- (SBWIRE) -- 12/22/2017 -- Increasing number of services worldwide are now providing customized bar and restaurant web programs to their clients. A well-made POS program is the one which can handle single as well as multiple outlets effortlessly on both touchscreen and desktop interface. These systems have transformed into being an essential part of restaurants for registrations of payment receptions, discounts on the cash register, and sales operations. A new report, focusing on global scenario of POS management systems has been freshly broadcasted to the wide repository of Market Research Hub (MRH), with the title of "POS Restaurant Management Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026". The study offers major insights, analysis, and valuable guidance on the prospects of global POS restaurant management systems market.
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POS systems have been significantly enhancing the performance of restaurants since the recent past. According to the report highlights, the global POS restaurant management systems market is projected to display a double-digit CAGR over the forecast period (2017-2026). Also, global revenues from POS restaurant management systems are poised to reach approximately US$ 30,000 Mn by 2026-end. The research further adds that demand for POS terminals has witnessed a noteworthy rise in light of its multi-functionality benefits to restaurant owners, which in turn has compelled the demand for POS restaurant management systems.
Presently, a number of next-generation POS restaurant management systems are providing tablets with restaurant ordering applications, real-time business analytics, and modules for integrated gift & loyalty cards. For a clear understanding, segmentation of the market has been done in terms of types, component, end-user, application, and region. Prime applications of POS restaurant management software include delivery management, billing, order management, stock and inventory management & others. Of these, market revenues from sales of POS restaurant management systems for application in billing and delivery management will mutually exceed US$ 13,000 Mn by the end of 2026. On the other hand, based on end-user, quick service restaurants are expected to register the highest CAGR through 2026.
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APEJ Region Expected to Remain Dominant
Geographically, the report categorizes the global POS restaurant management systems market into Latin America, North America, Europe, Middle East & Africa (MEA), Asia-Pacific excluding Japan (APEJ), and Japan. Among these, it has been analyzed that continuously expanding food service sector in countries of Asia-Pacific excluding Japan (APEJ), such as China and India, on the back of favorable demographic condition, is likely to flourish demand for POS terminals in this region.
The concluding chapter of the report offers insights about these market players, coupled with the information about the market's competitive landscape. Key players profiled in the study include Ingenico Group, Verifone System, Lavu, POSist Technologies Pvt. Ltd., Ravel Systems POS, EPOS now, TouchBistro, AccuPOS, PAX Technology, and Clover.
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