Indian restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR of 9.5% during the forecast period. Rising urbanization and increasing restaurant chains are pivotal factors driving the market growth. United Nations (UN) projected that India will have added 416 million urban dwellers by 2050. The rising urbanizations result in an increasing shift towards western-style diets, which leads to an expansion of restaurant chains in the country. Domino's Pizza operates more than 1,250 stores across the country, which is expected to further increase owing to the emerging consumption of fast-food in the country. 

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Additionally, in November 2018, Pizza Hut India declared plans to open over 200 more outlets in the country by 2022. This move will expand its footprint in the country. As of November 2018, it operates nearly 431 stores across India. With the growing digitalization, the demand for innovative digital platforms has been reported, which in turn, is accelerating the adoption of POS terminals in the country. POS terminals support to manage restaurant sales, improve & enhance customer service, manage inventory, control finances, and facilitate marketing. Increasing competitiveness in the hospitality industry is therefore increasingly pushing the demand for POS terminals to increase customer experience.

Indian 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. Based on deployment, the market is classified into cloud-based and on-premise. Cloud-based POS terminals are expected to witness significant growth during the forecast period. A cloud-based restaurant POS system depends on an internet connection instead of the on-premises networks of a conventional POS. In addition, these features cost-effectiveness, scalability, ease-of-use, and security. Based on end-user, the market is classified into FSR, QSR, institutional, and others. 

Some prominent players in the market include NCR Corp., Ingenico Group, PAX Technology, and Posiflex Technology, Inc. These companies are focusing on using strategies to gain a competitive advantage in the market place. For instance,  in July 2019, Future Group, and LivQuik, its commerce payments affiliate have collaborated with Poynt, an open commerce platform, to extensively install smart POS solutions across India. The Poynt Platform, consists of Poynt Cloud (a set of cloud-enabled management tools), Poynt’s Smart Terminals, and Poynt OS (a powerful Android-based Operating System), offering an application ecosystem that allows merchants to increase their businesses with loyalty programs, better inventory management, and supply chain integration. For consumers, it will offer a fast and secure checkout process with the use of their payment method of choice.

Research Methodology

The market study of the Indian 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. Indian Restaurant POS Terminals Market Research and Analysis by Product
2. Indian Restaurant POS Terminals Market Research and Analysis by Deployment
3. Indian Restaurant POS Terminals Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the Indian 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 Indian restaurant POS terminals market.
• Insights about market determinants which are stimulating the Indian restaurant POS terminals market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.