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Restaurant POS terminals market size is projected to exceed USD 25 billion by 2027. Growing proclivity towards convenient digital payment solutions among people and increasing penetration of payment systems like smart cards and mobile wallets has significantly impelled the deployment of POS terminals across hospitality sector in the recent years. <br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3073
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Restaurant POS Terminals Market is projected to reach CAGR 12.5% by 2027
Key Insights from Restaurant POS Terminals Market: • Restaurant POS terminals market size is projected to exceed USD 25 billion by 2027. Growing proclivity towards convenient digital payment solutions among people and increasing penetration of payment systems like smart cards and mobile wallets has significantly impelled the deployment of POS terminals across hospitality sector in the recent years. Meanwhile, rising adoption of POS systems for payment transactions, inventory management and online ordering is as well salted to augment the growth of market. • A robust POS payment system helps restaurants connect with customers, maintain order level transaction data, and manage restaurant marketing data to get insights of the buyer data, the items sold and marketing information.
Regional Insights in Restaurant POS Terminals Market: • Speaking of the regional outlook, Middle East & Africa is observing higher product adoption driven by rising penetration of digitalization in the region, which is undeniably providing ample growth opportunities to regional restaurant POS terminals market. In addition, government organizations in the region are also promoting the adoption of digital payment techniques. According to a study by Mastercard, 82% respondents in the UAE prefer contactless payments as of October 2020. • Growing usage of smartphones has further increased the application of mobile wallets which is urging restaurant owners to deploy POS terminals. Another important factor favoring the adoption of these systems is a rising number of international tourists in the region.
Latest Research Report On Restaurant POS Terminals Market @ https://www.gminsights.com/industry-analysis/restaurant-pos-terminals-market Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/3073
Major Companies in Restaurant POS Terminals Market: • NEC Corporation • NCR Corporation • Diebold Nixdorf Incorporated • Ingenico Group • PAR Technology Corporation • Oracle Corporation • Panasonic Corporation
Industry Coverage Restaurant POS Terminals Market
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