Restaurant Point of Sale (POS) Terminal Market Size

Restaurant POS Terminal Market Size

Restaurant Point of Sale (POS) Terminal Market size was valued at USD 21.9 billion in 2023 and is estimated to register a CAGR of over 7% between 2024 and 2032. The increasing adoption of POS terminals by small and independent restaurants, driven by affordability, ease of use, and the need for operational efficiency, expands the market. Mobile POS systems allow for tableside ordering and payments, improving customer service and reducing wait times. They are also crucial for outdoor dining and pop-up events.

For instance, in March 2024, a study by the Food and Drug Administration highlighted that mPOS systems have become more popular as restaurants adapt to new customer expectations for fast and convenient service. This helps increase mobility and flexibility.

The integration of POS systems with online ordering platforms and delivery services has become essential. This integration helps restaurants manage orders from multiple channels efficiently. According to a report from the U.S. Small Business Administration, in February 2024, restaurants that integrated their POS systems with online ordering platforms saw a 30% increase in revenue. This helps in better management of in-house dining and online orders.
 

Integrating POS systems with other software, such as inventory management software, accounting, and online ordering platforms, can be complex. Poor integration can lead to inefficiencies and data discrepancies. Handling large volumes of data from various sources can be overwhelming. High initial costs and ongoing maintenance expenses can be prohibitive, especially for small or independent restaurants. The cost includes not just hardware but also software licenses, updates, and training.