Data Bridge Market Research analyzes that the Europe Restaurant POS Market is expected to grow at a CAGR of 7.5% in the forecast period of 2023 to 2030 and is expected to reach USD 1,632.57 million by 2030. The software segment is projected to propel the market growth due to factors such as low labor cost, proper communication, easy access to highly skilled labor, quality service, and others.
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The increase of POS use in the restaurant industry is expected to drive market growth. Also, adopting cloud based Restaurant POS is boosting market growth. However, the high initial investment is expected to restrain market growth, and the rise in adopting the internet of things (IoT) in restaurants is expected to be an opportunity for market growth. However, a lack of awareness about the benefit of POS among small-scale industries is expected to be a challenge for market growth.
Key Findings of the Study
Digitalizing and Centralization of Restaurant Operations may Drive the Market Growth
Restaurant owners now-a-days are engaged in making business processes digitized and centralized. Digitalization is the process of converting physical information into digital information by using various data handling tools, devices and software. Centralization of business processes refers to the process wherein activities, processes and operations which involves planning and decision-making capabilities within an organization are referred to a specific person or place or location. Restaurant owners are initiating digitalization and centralization of their restaurant operations to remain productive and develop profitability.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in Million, Pricing in USD
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Segments Covered
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Component (Software, Hardware, and Services), System Type (Mobile POS System, Tablet POS System, Terminal POS System, Online POS System, and Self-Service Kiosk POS System), Terminal Type (Mobile POS Terminal and Fixed POS Terminal), Operating System (DOS System, Linux System, Windows System, MAC, and Android), Usage (Online and Offline), Application (Employee Clocking, Inventory Management, Tracking & Reporting, Tablet Compatibility, Credit/Debit Card Processing, Receipt Printing, Accounting Integration, and Menu Building), Enterprise Size (Large Enterprises and Small and Medium Enterprise (SMES)), Restaurant Type (Quick Service Restaurants (QSR) and Full Service Restaurants (FSR))
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Country Covered
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Germany, U.K., France, Italy, Spain, Turkey, Russia, Poland, Belgium, Netherlands, Sweden, Switzerland, Denmark, Finland, Norway, and Rest Of Europe
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Market Players Covered
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Oracle (U.S.), Infor. (U.S.), Toshiba Tec Corporation (Japan), NCR Corporation (U.S.), Toast, Inc. (U.S.), Clover Network, Inc. (U.S.), Epos Now (U.K.), Kitchen CUT Limited (England), Lightspeed (Canada), PAR Technology Corp. (U.S.), POSitouch (U.S.), Revel Systems (U.S.), Shift4 Payments, LLC (U.S.), Square, Inc. (U.S.), talech, Inc. (U.S.), TouchBistro Inc. (Canada), and Worldline (France) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient & pipeline analysis, pricing analysis, and regulatory framework..
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Segment Analysis
Europe restaurant POS market is segmented on the basis of component, system type, terminal type, operating system, usage, application, enterprise size, and restaurant type.
- On the basis of component, the restaurant POS market is segmented into software, hardware, and services.
In 2023, software segment is expected to dominate the Europe restaurant POS market
In 2023, software segment is expected to dominate the Europe restaurant POS market due to effectively managing operations such as food ordering, inventory, payment processing, customer interaction, sales, and others and is expected to grow with the highest CAGR of 7.6% in the forecast period. Moreover, factors such as the adoption of new technological innovations by restaurants, and demand for a personalized experience, are likely to impact the growth positively.
- On the basis of system type, the restaurant POS 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 2023, terminal POS system segment is expected to dominate the Europe restaurant POS market
In 2023, terminal POS system segment is expected to dominate the Europe restaurant POS 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 and is expected to grow with the highest CAGR of 7.2% in the forecast period.
- On the basis of terminal type, the restaurant POS market has been segmented into mobile POS terminal and fixed POS terminal. In 2023, mobile POS terminal segment is expected to dominate the Europe restaurant POS market with the highest CAGR of 8.1% in the forecast period of 2023 to 2030
- On the basis of operating system, the restaurant POS market has been segmented into DOS system, linux system, windows system, MAC, and android. In 2023, android segment is expected to dominate the Europe restaurant POS market with the highest CAGR of 7.8% in the forecast period of 2023 to 2030
- On the basis of usage, the restaurant POS market has been segmented into online and offline. In 2023, online segment is expected to dominate the Europe restaurant POS market with the highest CAGR of 7.3% in the forecast period of 2023 to 2030
- On the basis of application, the restaurant POS 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 2023, inventory management segment is expected to dominate the Europe restaurant POS market with the highest CAGR of 8.1% in the forecast period of 2023 to 2030
- On the basis of enterprise size, the restaurant POS market has been segmented into large enterprises and small and medium enterprise (SMES). In 2023, large enterprises segment is expected to dominate the Europe restaurant POS market with the highest CAGR of 7.7% in the forecast period of 2023 to 2030
- On the basis of restaurant type, the restaurant POS market has been segmented into quick service restaurants (QSR) and full service restaurants (FSR). In 2023, full service restaurants (FSR) segment is expected to dominate the Europe restaurant POS market with the highest CAGR of 7.2% in the forecast period of 2023 to 2030
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe Restaurant POS market players, which are Oracle (U.S.), Infor. (U.S.), Toshiba Tec Corporation (Japan), NCR Corporation (U.S.), Toast, Inc. (U.S.), Clover Network, Inc. (U.S.), Epos Now (U.K.), Kitchen CUT Limited (England), Lightspeed (Canada), PAR Technology Corp. (U.S.), POSitouch (U.S.), Revel Systems (U.S.), Shift4 Payments, LLC (U.S.), Square, Inc. (U.S.), talech, Inc. (U.S.), TouchBistro Inc. (Canada), and Worldline (France) among others.
Market Developments
- In December 2020, NCR Corporation was named as a leader and the largest provider of retail point-of-sale (POS) software according to Research and Consulting Firm RBR. NCR is recognized for providing solutions that run the store to help customers. This helped the company to enhance their presence and to grow in the market
- In November 2020, Infor announced launch of OrderNow which is a contactless ordering solution. This new product is an extension of Infor POS. OrderNow help the hospitality industry to better navigate the operational challenges due to pandemic. This new product helps the hospitality industry including hotels, restaurants, campus cafeterias and others to provide greater customer satisfaction and increased order accuracy. This helped the company to enhance their offerings in the market
- 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 helped the company to enhance their offerings and to better meet consumers changing demand
- In January 2020, Toshiba Tec Corporation launched point-of-sale (POS) receipt printers for the hospitality market. The new receipt printers enhanced hospitality point-of-sale customer experience. This printer is IP21-certified, durable and splash-resistant design which protect against solid objects and liquids prevalent in restaurant, bar and hotel environments. This helped the company to enhance their offerings and to grow in the market
- In November 2019, NCR Corporation announced acquisition of POS Solutions which is a point-of-sale and restaurant solutions provider in central Texas. This acquisition expanded the reach of NCR’s restaurant technology. Through this acquisition, the company was able to boost efficiency and to increase growth. This helped the company to enhance their offerings and to grow in the market
Regional Analysis
Europe restaurant POS market is analyzed, and market size insights and trends are provided by component, system type, terminal type, operating system, usage, application, enterprise size, restaurant type.
The countries covered in the Europe restaurant POS market report are Germany, U.K., France, Italy, Spain, Turkey, Russia, Poland, Belgium, Netherlands, Sweden, Switzerland, Denmark, Finland, Norway, and rest of Europe.
As per Data Bridge Market Research analysis:
Germany is expected to dominate the Europe restaurant POS market during the forecast period 2023 - 2030
Germany is expected to dominate the Europe restaurant POS market. This is due to a number of factors, including the strength of the hospitality industry, the region's strong presence of POS software providers, the rapid adoption of digital payment solutions, and the high demand for integrated POS solutions. The German hospitality industry is large and vibrant, with over 1 million restaurants and bars. This provides a large and growing market for POS software. Germany is also one of the leading countries in Europe when it comes to the adoption of digital payment solutions. This has created a demand for POS software that can support these types of payments. Finally, German restaurants are increasingly looking for POS solutions that can be integrated with other business applications, such as inventory management and customer relationship management (CRM) software. This allows them to streamline their operations and improve efficiency.
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