| Product Code: ETC7920524 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a diverse range of countries, including Lithuania, Germany, Poland, South Korea, and Czechia, exporting point of sale terminals for restaurants. Despite the negative growth trend with a CAGR of -3.22% from 2020 to 2024, the market experienced a significant decline in growth rate by -29.39% from 2023 to 2024. The low concentration of Herfindahl-Hirschman Index (HHI) indicates a competitive market landscape, allowing for varied options and potential opportunities for market players in the restaurant POS terminal industry in Latvia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Restaurant Point of Sale (POS) Terminals Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Restaurant Point of Sale (POS) Terminals Market - Industry Life Cycle |
3.4 Latvia Restaurant Point of Sale (POS) Terminals Market - Porter's Five Forces |
3.5 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume Share, By Deployment, 2021 & 2031F |
3.8 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Restaurant Point of Sale (POS) Terminals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient payment processing systems in restaurants |
4.2.2 Growing trend towards digitalization and automation in the food service industry |
4.2.3 Adoption of cloud-based POS systems for enhanced data security and remote access |
4.3 Market Restraints |
4.3.1 High initial investment and ongoing maintenance costs for POS terminals |
4.3.2 Resistance to change from traditional cash register systems in some establishments |
4.3.3 Concerns over data privacy and cybersecurity risks associated with POS systems |
5 Latvia Restaurant Point of Sale (POS) Terminals Market Trends |
6 Latvia Restaurant Point of Sale (POS) Terminals Market, By Types |
6.1 Latvia Restaurant Point of Sale (POS) Terminals Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By Software, 2021- 2031F |
6.1.4 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By Hardware, 2021- 2031F |
6.1.5 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By Services, 2021- 2031F |
6.2 Latvia Restaurant Point of Sale (POS) Terminals Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By Fixed POS terminal, 2021- 2031F |
6.2.3 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By Mobile POS terminal, 2021- 2031F |
6.3 Latvia Restaurant Point of Sale (POS) Terminals Market, By Deployment |
6.3.1 Overview and Analysis |
6.3.2 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By On-Cloud, 2021- 2031F |
6.3.3 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By On-Premise, 2021- 2031F |
6.4 Latvia Restaurant Point of Sale (POS) Terminals Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By FSR, 2021- 2031F |
6.4.3 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By QSR, 2021- 2031F |
6.4.4 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By Bars and Pubs, 2021- 2031F |
6.4.5 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By Cafes and Bistros, 2021- 2031F |
6.4.6 Latvia Restaurant Point of Sale (POS) Terminals Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Restaurant Point of Sale (POS) Terminals Market Import-Export Trade Statistics |
7.1 Latvia Restaurant Point of Sale (POS) Terminals Market Export to Major Countries |
7.2 Latvia Restaurant Point of Sale (POS) Terminals Market Imports from Major Countries |
8 Latvia Restaurant Point of Sale (POS) Terminals Market Key Performance Indicators |
8.1 Average transaction time per POS terminal |
8.2 Percentage increase in online orders processed through POS terminals |
8.3 Number of restaurants adopting mobile POS solutions |
9 Latvia Restaurant Point of Sale (POS) Terminals Market - Opportunity Assessment |
9.1 Latvia Restaurant Point of Sale (POS) Terminals Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Latvia Restaurant Point of Sale (POS) Terminals Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Latvia Restaurant Point of Sale (POS) Terminals Market Opportunity Assessment, By Deployment, 2021 & 2031F |
9.4 Latvia Restaurant Point of Sale (POS) Terminals Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Restaurant Point of Sale (POS) Terminals Market - Competitive Landscape |
10.1 Latvia Restaurant Point of Sale (POS) Terminals Market Revenue Share, By Companies, 2024 |
10.2 Latvia Restaurant Point of Sale (POS) Terminals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |