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POS Restaurant Management Systems - Global Market Trajectory & Analytics

  • ID: 5030633
  • Report
  • January 2021
  • Region: Global
  • 275 pages
  • Global Industry Analysts, Inc
Global POS Restaurant Management Systems Market to Reach US$ 20 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for POS Restaurant Management Systems estimated at US$ 11.3 Billion in the year 2020, is projected to reach a revised size of US$ 20 Billion by 2027, growing at a CAGR of 8.5% over the analysis period 2020-2027.Hardware, one of the segments analyzed in the report, is projected to grow at a 7.8% CAGR to reach US$ 8.8 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 10.3% CAGR for the next 7-year period. This segment currently accounts for a 36.3% share of the global POS Restaurant Management Systems market.



The U.S. Accounts for Over 23.6% of Global Market Size in 2020, While China is Forecast to Grow at a 11.2% CAGR for the Period of 2020-2027

The POS Restaurant Management Systems market in the U.S. is estimated at US$ 2.7 Billion in the year 2020. The country currently accounts for a 23.65% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$ 3.7 Billion in the year 2027 trailing a CAGR of 11.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR while Rest of European market (as defined in the study) will reach US$ 3.7 Billion by the year 2027.

Services Segment Corners a 17.5% Share in 2020

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 1.6 Billion in the year 2020 will reach a projected size of US$ 2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 2.9 Billion by the year 2027.The publisher brings years of research experience to this 9th edition of the report. The 259-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Select Competitors (Total 47 Featured):
  • AccuPOS Point of Sale
  • Clover Network, Inc.
  • EPOS now Ltd.
  • Ingenico Group
  • Lavu
  • PAX Technology Ltd.
  • POSist Technologies Pvt. Ltd.
  • Revel Systems
  • TouchBistro
  • VeriFone Systems, Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
  • EXHIBIT 1: COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • The First Vaccines Are Here! Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
  • EXHIBIT 2: How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: COVID-19 Vaccines In Millions of Annual Doses For Years 2020 Through 2025
  • How the Food Service, Hotels & Hospitality Industries Are Impacted by the Pandemic & What’s the New Normal?
  • What is a POS System? Definition, Scope, Types & Its Significance in the Retail Industry
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • POS Solutions With Table Management Systems Rise in Popularity
  • COVID-19 Induced Accelerated Rise of Cloud Kitchens Drives Demand for Restaurant POS Systems
  • Innovations in Restaurant Technology Spur Development of Next-Generation Restaurant POS Systems
  • Growing Use of Mobile POS Solutions for Tableside Ordering and Payments
  • EXHIBIT 3: Rising Affordability and Convenience Factor to Spur Adoption of Mobile POS Solutions Globally: Global Mobile POS Payments: Total Transaction Value (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • EXHIBIT 4: Total Number of Mobile POS Users (In Billion) for the Years 2019, 2021, 2023 & 2025
  • Rise in Contactless Payments Highlights Demand for EMV Compliant POS Systems
  • Rise of Blockchain in Restaurant POS Systems, a Megatrend of Note
  • Incorporation of AI in POS Systems Rises in Popularity
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 100
Note: Product cover images may vary from those shown
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