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POS Restaurant Management Systems Market Outlook and Growth Forecast for the Period 2017-2026

Feb 8th 2019 at 1:13 AM

In order to study the various trends and patterns prevailing in the overall market for “POS Restaurant Management Systems”, Market Research Reports Search Engine (MRRSE) has included a new report titled “POS Restaurant Management Systems Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Key players in the (point of sale) POS restaurant management systems market are shifting their focus toward providing customized solutions to restaurant operators and owners, depending on their business operations. In addition, some players in the market are offering innovative POS systems for staying at the market’s forefront. For example – Intuit and Revel systems entered into a partnership for developing QuickBooks, a point of sales restaurant system that enables a restaurant in spontaneously syncing its payroll, inventory, sales payment, and CRM information.

Clover, PAX Technology, AccuPOS, TouchBistro, EPOS now, Ravel Systems POS, POSist Technologies Pvt. Ltd., Lavu, Verifone System, and Ingenico Group are key companies profiled by TMR in its recent report on the global POS restaurant management systems market.

According to the report, the global market for POS restaurant management systems will exhibit a spectacular expansion throughout the forecast period, 2017 to 2026. Global sales of POS restaurant management systems are estimated to account for roughly US$ 30,000 Mn revenues by 2026-end.

POS systems have been significantly enhancing the performance of restaurants since the recent past. These systems have transformed into being an essential part of restaurants for registrations of payment receptions, discounts on cash register, and sales operations. POS systems help restaurant owners in improving efficiency by reducing the time order generation, cutting down errors particularly during peak hours of service, and lowering time per transaction.

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Several advancements have been witnessed in POS restaurant management systems. The increasingly popular electronic point of sale (ePOS) systems are enabling restaurant operators to make huge savings in cost and time. Moreover, all-in-one POS systems are gaining prevalence in restaurants that offer pre-order or takeaway food services. The all-in-one POS systems are placed usually at the restaurant’s entry, allowing customers in making orders and payments independently.

On the basis of end-user, quick service restaurants are expected to register the highest CAGR through 2026, although estimated to account for a relatively lower revenue share of the market than full-service restaurants. Increasing demand for relatively low-cost high volume products in shorter duration in quick service restaurants will sustain its presence in the market. Full-service restaurants, however, will remain the dominant end-users of POS restaurant management systems.

Based on types, mobile POS systems are expected to remain the fast-selling POS restaurant management system Fixed POS terminal will also witness an impressive expansion through 2026. Demand for self-service kiosk systems has increased in quick service restaurants, in order to weed out long checkout lines, and serve more customers.

The report provides an intensity map, which plots presence of key participants in the global POS restaurant management systems market. The concluding chapter of the report offers insights about these market players, coupled with the information about the market’s competitive landscape. Analysing key market players exhaustively, the report has delivered information on SWOT analysis (strengths, weaknesses, opportunities, & threats), key financials, key developments, product overview, and company overview related to that particular company. The competitive landscape is extremely valuable for report readers, as it includes all necessary knowledge for analysing contribution of key players to expansion of the market. In addition, this chapter enables studying way of the market players’ strategy implementation, along with their aims of staying at the top of this highly competitive market.

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The report on the global POS restaurant management systems market follows an extensive research methodology that relies on both secondary and primary research for gleaning every necessary information associated with the market. The qualitative aspects gleaned from key opinion leaders and various industry experts have been adhered to during evaluation of the report. All the information collected is validated thoroughly by TMR’s analysts to deliver the most accurate market insights. Clients may use this information as an authoritative source while making their business decisions.

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