European restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 7.1% during the forecast period. Increasing demand for cloud-based POS solutions and expansion of restaurants chain are some pivotal factors accelerating the market growth. The demand for cloud-based POS systems has been emerging in the region owing to the increasing demand for scalable, cost-effective, security, and ease of use platform. These systems operate on mobile POS devices, including smartphones and tablets. The adoption of cloud-based POS systems is also further expected to increase coupled with the rising expansion of fast-food retail chains in the region. 

Visit for Global Restaurant Point-of-Sale (POS) Terminals Market Report at: https://www.omrglobal.com/industry-reports/restaurant-point-of-sale-pos-terminals-market

For instance, in April 2020, McDonald's Corp. declared its plans to expand in Russia's far east in December 2020. This aims to open restaurants in cities including Vladivostok and Khabarovsk for the first time. In 2020, McDonald's Corp. is continuing to actively invest in Russia’s economy and increase its presence on the market. This, in turn, will leverage the demand for POS systems in restaurants to potentially serve orders and ease in bill payments.

European restaurant POS terminals market is segmented based on product, deployment, and end-user. Based on the product, the market is classified into fixed and mobile POS terminals. Mobile POS systems enable restaurants to improve their service ordering as it allows efficient and fast payments through payment gateways, proper selection of food items through seamless menu integration, facilitates live tracking of orders, and direct receipt generation upon payment. Based on deployment, the market is classified into cloud-based and on-premise. Based on end-user, the market is classified into FSR, QSR, institutional, and others. 

Based on countries, the market is classified into the UK, Germany, France, Spain, Italy, and the Rest of Europe. Germany POS terminals market is significant driven by the significant availability of restaurant chains in Germany. In Europe, Germany has the second-largest McDonald's presence, operating nearly 1,500 outlets in the country. In August 2019, Orderbird AG, the Berlin-based provider of iPad POS systems for the hospitality business, declared over 30% growth of annual recurring revenue with its POS system for restaurants. It serves more than 10,000 restaurants in Europe. 

Some key players in the market include NCR Corp., Ingenico Group, Orderbird AG, and SAP SE. Mergers and acquisitions are considered as one of the key strategies adopted by the market players to remain competitive in the market space. For instance, In November 2019, NCR Corp. declared the acquisition of POS Solutions, a provider of POS and restaurant solutions in central Texas, US. This acquisition will further widen access to NCR’s restaurant technology. NCR solutions such as the NCR Aloha Essentials subscription package and signature NCR Aloha point-of-sale platform offer everything restaurants require to run their business, leverage efficiency and enhance growth. This will increase NCR capabilities to offer solutions and serve its customers in local restaurant markets, including Austin. 

Research Methodology

The market study of the European restaurant POS terminals market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European Restaurant POS Terminals Market Research and Analysis by Product
2. European Restaurant POS Terminals Market Research and Analysis by Deployment
3. European Restaurant POS Terminals Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the European restaurant POS terminals market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European restaurant POS terminals market.
• Insights about market determinants which are stimulating the European restaurant POS terminals market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.