Restaurant Point-of-Sale (POS) Systems are no longer the simple registers of days old. The new systems integrate mobile devices, assist with inventory and staff management, and operate in the cloud. McDonald’s is even introducing a POS with a customer facing interface allowing customers to input their own orders. With the new trend towards quick service dining, or fast casual, an outdated system that slows down the checkout process could impact your bottom line. A recent report tells us just how big the restaurant POS Terminal business is in 2017.
According to a report on PRNewswire
The global restaurant POS terminal market is expected to reach USD 24.7 billion by 2025
The growing demand for POS system among the restaurant operators for billing and management solution such as inventory management, cost management, labor management is a major factor that is expected to drive the market growth.
Cloud-based POS systems are projected to gain traction over the forecast period owing to the benefits such as the ability to access real-time, enterprise-wide restaurant data from web-enabled devices. Moreover, to this, the cloud-based POS system quickly meet the PCI compliance as all data is stored on the cloud which makes it a suitable option for the restaurant owner.
The front-end application segment holds the largest share of restaurant POS terminal market in 2016 and is expected to reach over USD 15 billion by 2025. The quick service restaurant (QSR) is one of the largest segment of the food service industry. The QSRs are facing high competitions within the food service industry from fast casual, casual and full-service restaurant.
Additionally, there is high pressure on the QSR owner to provide faster service at the comparatively low price. The restaurant POS system helps these operators in order management, improving inventory buying decision, staff management, increase customer satisfaction with faster payment processing and others.
If you are running a great new lunch spot, but it takes ten minutes to pay for it, you’re going to lose sales. A great customer experience can be wrecked in the blink of an eye with a poor Point-of-Sale (POS) System interaction. Ensure your customers’ expectations are being exceeded by keeping your POS up-to-date and running smoothly.
Great Lakes Computer ensures peace of mind with POS Systems uptime through our specialized on-site POS repair services. We fix the problem the first time and avoid costly interruptions to your business. We carry on-site spares to secure a quick and cost-effective response to your POS Systems repair needs. Our POS Depot Repair Services will provide you with a substitute POS System to keep you going while your POS equipment undergoes repair.