Research Nester has recently released a report titled “ United States (US) Restaurant Point-of-Sale (POS) Terminals Market: Demand Analysis & Opportunity Outlook 2020-2030” which is studied for the forecast period, i.e., 2021-2030. This is further expected to touch USD 1.2 Trillion by the end of 2030. On the other hand, according to the statistics by the National Restaurant Association, the total sales of the restaurant industry grew from USD 590 Billion in the year 2010 and reached USD 833 Billion by the end of 2018. Moreover, the current total marketable US restaurants and other eating places business, according to the statistics by the North America Industry Classification System (NAICS), recorded 658920 numbers. Bureau of Labor Statistics (BLS), the number of establishments in private food services and drinking places in the United States grew from 565632 numbers in the year 2011 to 656017 numbers in the year 2020. 17, 2022 (GLOBE NEWSWIRE) - According to the statistics by the U.S. However, the research emphasised that soft POS not being an immediately recognisable POS terminal will limit consumer confidence around security restricting growth.New York, Feb. The global number of smartphones being used for soft POS payments will increase from 3.2 million in 2021, to almost 24 million in 2026. Soft POS provides a cheaper route into card acceptance than ever for the smallest businesses, meaning that it is compelling for this particular niche. The research identified that soft POS, the ability to use NFC on mobile devices to accept contactless payments, will accelerate. POS suppliers need to focus on new capabilities, such as smart POS and greater device mobility within stores, to sustain current POS hardware shipment levels as contactless enablement is now the default for POS manufacturers in their products. This growth, supported in large part by increasing contactless payment limits, represents a steep change in how consumers pay. The report said 57 percent of all payments at POS by value will be contactless globally by 2026 against to just under 25 percent in 2021.
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