Data Bridge Market research has a newly released expansive study titled “U.S. Restaurant POS Software Market” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market. Due to high demand and the value of market research for the success of different sectors, the U.S. Restaurant POS Software market report has been prepared by covering many work areas. This U.S. Restaurant POS Software market report lets you know how the market is going to perform in the forecast years by giving you information about market definitions, classifications, applications, and engagements. U.S. Restaurant POS Software is a professional and complete report focusing on primary and secondary drivers, market share, competitor analysis, leading segments, and geographical analysis. Objectivity has been kept at the center while obtaining the best result via this U.S. Restaurant POS Software market report for the U.S. Restaurant POS Software industry.
Restaurant POS software market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.6% in the forecast period of 2021 to 2028 and is expected to reach USD 1,545.65 million by 2028. Majority of restaurants in U.S. adopting digitization and POS software is acting as major factor for the growth of the market.
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U.S. Restaurant POS Software Market Analysis and Insights:
The growth of the market has been highly boosted by growing adaption of digital payments by the customers. Growing technological innovations in restaurant industry is boosting the growth of the restaurant POS software market. The restaurant POS software requires high capital requirement for installation, maintenance, and other technical expertise costs which acts as major restraint factor for the U.S. & Canada restaurant POS software market.
This restaurant POS software market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Key players operating in the U.S. Restaurant POS Software market include:
Some of the major players operating in the restaurant POS software market are Oracle, Infor, Toshiba Tec Corporation, NCR Corporation, LAVU Inc., Lightspeed, LimeTray, Revel Systems, Worldline, TouchBistro Inc., Talech Inc., Square Inc., POSitouch, PAR Technology Corp., Global Retail Technology Limited, Mad Mobile, Future POS, Guest Innovations Inc., Clover Network Inc., Appetize Technologies Inc., Toast Inc., Shift4 Payments LLC, SpotOn Transact Inc. among others.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of restaurant POS software market.
For instance,
- In April 2020, TouchBistro Inc. launched new Restaurant Recovery Navigator which is a go-to source for information, provides insights, products and one-on-one support. This launch helped restaurateurs to navigate their business in the COVID-19 pandemic. This has helped the company to enhance their offerings and to enhance sales in the pandemic.
- In September 2020, NCR Corporation collaborated with Microsoft to power NCR Digital Connected Services (DCS). Under this collaboration, NCR’s Digital Connected Services Internet of Things (IoT) management software will run on Azure IoT AI technology. Through this, NCR’s retail, restaurant and banking customers will gain a IoT monitoring and managed services solution. This has helped the company to enhance their offerings and to better meet consumers changing demand.
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U.S. Restaurant POS Software Market Segmentations:
- On the basis of component, the restaurant POS software market is segmented into software, hardware and services. In 2021, software category held maximum share in restaurant POS software, owing to effectively manage operations such as food ordering, inventory, payment processing, customer interaction, sales, and others. Moreover, factors such as adoption of new technological innovations by restaurants, demand for personalized experience, are likely to impact the growth positively, in coming years.
- On the basis of type, the restaurant POS software market has been segmented into mobile POS system, tablet POS system, terminal POS system, online POS system, self-service kiosk POS system and others. In 2021, terminal POS system accounted for largest share in the market, due to increasing focus toward contactless payments, demand for mobility among restaurants, high adoption of digital menus, and overall digital transformation being witnessed in the hospitality industry.
- On the basis of operating system, the restaurant POS software market has been segmented into DOS system, linux system, windows system, MAC and android. In 2021, android category held largest share in the market. This is mainly attributed to benefits offered by android operating system such as flexibility, customization, cost, high durability, easy integration, and others. In addition, the number of android platforms available to customers is high, which is another major factor impacting the growth of the market.
- On the basis of usage, the restaurant POS software market has been segmented into online and offline. In 2021, online category held larger share in the market as it allows the restaurant to accept orders and manage transactions, in a secure way. Moreover, it also allows tracking customer orders, integrating with other applications, track inventory, and others.
- On the basis of application, the restaurant POS software market has been segmented into employee clocking, inventory management, tracking & reporting, tablet compatibility, credit/debit card processing, receipt printing, accounting integration, menu building and others. In 2021, inventory management held largest share in the market. This is mainly due to high need to manage inventory, which includes when to order, how much to order, and more. It helps in keeping a real-time track on the inventory stock levels, whether in-transit, in-stock or sold, across all sales channels.
- On the basis of deployment mode, the restaurant POS software market has been segmented into on-premise and cloud. In 2021, cloud held larger share in the market. This is mainly attributed to availability of large number of cloud-based restaurant POS software, manages costs, taking data driven decisions, and improved customer experience.
- On the basis of enterprise size, the restaurant POS software market has been segmented into large enterprises and SME’S. In 2021, large enterprises category held larger share in the market, attributed to factors such as order accuracy, improved service timing, shift toward cloud database, effectively manage operations pertaining to bar and restaurant, and real-time tracking of sales and generating reports.
- On the basis of restaurant type, the restaurant POS software market has been segmented into quick service restaurants (QSR) and full service restaurants (FSR). In 2021, full service restaurant (FSR) held maximum share in the market. This is mainly due to rapid adoption of new digital technologies, eliminating paper tasks and improving order accuracy, easy customization of meal, fast checkout process, and accurate table handing. Additionally, in order to maintain a competitive advantage, it is necessary to cater changing customer needs, which would further result in increased adoption of POS systems.
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Key questions answered in the report:
- How much revenue will the U.S. Restaurant POS Software market generate by the end of the forecast period?
- Which market segment is expected to have the maximum market share?
- What are the influencing factors and their impact on the U.S. Restaurant POS Software market?
- Which regions are currently contributing the maximum share of the overall U.S. Restaurant POS Software market?
- What indicators are likely to stimulate the U.S. Restaurant POS Software market?
- What are the main strategies of the major players in the U.S. Restaurant POS Software market to expand their geographic presence?
- What are the main advances in the U.S. Restaurant POS Software market?
- How do regulatory standards affect the U.S. Restaurant POS Software market
Table of Content: Global U.S. Restaurant POS Software Market
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Overview
- Global U.S. Restaurant POS Software Market, By Types
- Global U.S. Restaurant POS Software Market, By Application
- Global U.S. Restaurant POS Software Market, By End User
- Global U.S. Restaurant POS Software Market, Company Landscape
- SWOT Analysis
- Company Profile
- Questionnaire
- Related Reports
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=us-restaurant-pos-software-market
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