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Rapid inclination of restaurateurs to adopt POS software for better management of operations will complement the restaurant POS terminals market by 2027. Restaurant point-of-sale (POS) terminals are steadily replacing the now obsolete cash registers used in restaurants. Surging Demand for Robust Restaurant POS Systems.
While brands are increasingly labeling their products with 2D barcodes, retailers have also recognized the value and committed to accept 2D barcodes at point of sale by 2027 in a GS1 US initiative called “ Sunrise 2027.”
This trend is primarily driven by advancements in point of sale (POS) systems and the availability of white label, plug-and-play online ordering systems. Virtual hospitality could also lead to more streams of revenue. Every new way of interacting with a guest is an opportunity to increase frequency and average order value.
The chained consumer foodservice service market is expected to grow by around 4 percent over the forecast years, producing over US$ 280 Bn of incremental value from 2019 to 2027. The study further offers a forecast of the global chained consumer foodservice market for the period 2019-2027.
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