North American restaurant point-of-sale (POS) terminals market is estimated to grow at a CAGR 6.8% during the forecast period. Increasing number of restaurants and rising demand for mobile POS are some pivotal factors encouraging the market growth. National Restaurant Association anticipates $899 billion sales of the US restaurant industry in 2020. By 2030, 1.6 million new restaurant jobs will be created in the US. This is expected to drive the expansion of restaurants chains in the US, which in turn, will accelerate the adoption of POS terminals in the country. 

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POS is a system that is used in all over the restaurant and retail industry. The system enables business owners to track sales, food inventory, cash flow, and provide support to facilitate bookkeeping immensely. One advantage of a POS system is that it makes easier communications between the wait staff and the kitchen staff. With the use of POS systems, orders go using the computer system, directly to the kitchen printer. Other key benefit of a restaurant POS terminals is that it allows to track everything ranging from the usage of food to the most popular menu items. Owing to these benefits, an increased demand for POS terminals have been reported in the region.

North American 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 is expected to witness potential growth during the forecast period, as it is scalable platform along with major benefits such as ease of use, cost-effective, and security. It process and store sales data online instead of locally on the computer or on-premise server. Based on end-user, the market is classified into FSR, QSR, institutional, and others. 

Some key players in the market include NCR Corp., HP, Inc., Lightspeed POS, Inc., Diebold Nixdorf, Inc., and Mad Mobile, Inc. These companies are focusing on using strategies to gain competitive advantage in the market place. For instance, in August 2020, Mad Mobile, Inc. signed an agreement to acquire CAKE, a restaurant technology company owned by Sysco Corp. The CAKE POS solution serves over 5,000 restaurant locations. This acquisition will increase the vision of Mad Mobile to offer a next-generation POS solution that features an advanced architecture and mobile capabilities. It will integrate its mobile platform with CAKE technology for delivering a mobile-first POS solution for all kinds of restaurants.

Research Methodology

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

The Report Covers

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