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.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
North American Restaurant POS Terminals Market-Segmentation
- Full-Service Restaurant (FSR)
- Quick Service Restaurant (QSR)
North American Restaurant POS Terminals Market– Segment by Country
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.
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