Global Restaurant Point of Sale Market Overview:
The global market is experiencing continues advancements in the foodservice sector, majorly in APAC countries like India, China excluding Japan. With respect, the target crowd, as well as the available population across the APAC region, will likely to flourish demand for Restaurant Point of Sale (POS) in the same region. These Restaurant POS systems provide automated billing, inventory management as well as many other restaurant management tasks. According to AMA, the Global Restaurant Point of Sale market is expected to see growth rate of 9.91%
- Increasing Demand for Automated Restaurant Management Portals
- Restaurant Point of Sale provides Accurate Financial Transactions
- Introduction to Multi-functionality Restaurant Point of Sale Terminals
- Smart Assistance provided by Artificially Intelligent Restaurant Management Software
- Complexities in Customized Transaction Handling
- Vulnerable to Data Thefts as well as Misinterpretations
- Minimizes the Operational as well as Strategic Management Cost
- Continues Upgradations in Point of Sale Restaurant Management Software
- Introduction to Online Ordering Software leading for minimizing the Point of Sale Demand
- Increases Unemployment Due to the Adoption of Automated Systems
Some of the key players profiled in the report are Ingenico Group. (France), VeriFone Systems Inc. (VeriFone Systems Inc.) (United States), PAX Technology Limited (China), Action Systems, Inc. (United States), EposNow (United Kingdom), Harbortouch Payments, LLC. (United States), LimeTray (India), Posera (Canada), NCR Corporation (United States) and Oracle Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like POSist Technologies Pvt. Ltd. (India), POSsible POS (United States), Revel Systems (United States), Squirrel Systems (Canada), Toshiba Corporation (Japan), TouchBistro (Canada), Aireus Inc. (United States), Upserve, Inc. (United States) and Dinerware, Inc. (United States). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Restaurant Point of Sale market by 2024. Considering Market by Deployment, the sub-segment i.e. Cloud will boost the Restaurant Point of Sale market. Considering Market by Component, the sub-segment i.e. Hardware will boost the Restaurant Point of Sale market. Considering Market by End User, the sub-segment i.e. FSR (Full Service Restaurant) will boost the Restaurant Point of Sale market.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Restaurant Point of Sale market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Restaurant Point of Sale market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Restaurant Point of Sale Service Providers, Restaurant Management Staffs, Hoteling Industry Associations, Application Software Providers, Financial Industry Associations and Government Agencies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.