Widespread Adoption of Contactless Technology Boosts Restaurant Point-of-Sale (POS) Terminals Market

Restaurant Point-of-Sale (POS) terminals market was valued at $16.8 billion in 2024 and is projected to reach $37.6 billion by 2035, growing at a CAGR of 7.6% during the forecast period (2025–2035). The growing demand for contactless technology in restaurants is primarily driven by the increasing use of mobile payment options and the need for sterility and safety, especially in light of current global health concerns. Restaurants must quickly adapt their POS systems to support contactless payments, enhancing the guest experience through convenient, secure, and fast transactions. 

Browse the full report description of “Restaurant Point-of-Sale (POS) Terminals Market Size, Share & Trends Analysis Report by Product (Fixed, and Mobile), by Deployment (Cloud-Based, and On-Premise), by End-User (Full-Service Restaurant (FSR), Quick Service Restaurant (QSR), Institutional, and Others) Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/restaurant-point-of-sale-pos-terminals-market

Digital wallets, mobile applications, and contactless card transactions will simplify operations, improve efficiency, and manage the rising volume of requests while minimizing physical contact. For instance, NCR Voyix has introduced Aloha Pay-At-Table in May 2024 that allows guests to scan a QR code using their phones and pay in under 10 seconds, demonstrating the fact that contactless solutions redefine the means of payment and enhance operational efficiency. This transition not only increases transaction speed and guest satisfaction. It also contributes to greater operational efficiency and faster turnover. As more restaurants adopt these technologies, the restaurant POS terminal market is experiencing robust expansion, signaling the sector’s broader shift towards digital, secure, and guest-focused payment. 

Key Players and Innovations

Several major players lead the restaurant POS terminals market, including Lightspeed Commerce Inc., NCR Payment Solutions LLC, Oracle Corp., Square Capital LLC, and Toast, Inc., among others. These companies are at the forefront of innovation, continually developing new technologies to meet the industry's evolving needs. Some of the recent developments in the market include-

• In January 2025, Verifone launched its new Victa line of POS devices, aiming to transform fast-growing markets such as mobile POS and biometric authentication by targeting both mobile and multilane retail environments. The Victa devices feature large screens, Qualcomm processors, and advanced biometric authentication, including fingerprint readers, to enhance transaction security and protect against fraud. 

• In October 2021, IBA Group launched tapXphone, a new app that enables Android devices with NFC capability to function as contactless POS terminals. This solution allows businesses of all sizes to accept payments from bank cards, smartphones, and wearable NFC devices such as smartwatches, without needing traditional POS hardware.

Market Coverage

• The market numbers available for – 2024-2035

• Base year- 2024

• Forecast period- 2025-2035

• Segment Covered- 

o By Product

o By Deployment

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - Lightspeed Commerce Inc., NCR Payment Solutions LLC, Oracle Corp., Square Capital LLC, and Toast, Inc., among others. 

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Restaurant Point-of-Sale (POS) Terminals Market Report Segment

By Product

• Fixed
• Mobile

By Deployment

• Cloud-Based
• On-Premise

By End-User 

• Full-Service Restaurant (FSR)
• Quick Service Restaurant (QSR)
• Institutional
• Others

Global Restaurant Point-of-Sale (POS) Terminals Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Russia

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Australia and New Zealand

• ASEAN Economies

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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