India POS Device Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

India POS Device Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A6151
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Market Overview:

The India POS device market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A point-of-sale (POS) device is an electronic appliance that allows businesses to accept payments through debit and credit cards and manage operations. It comprises smartphones, tablets, mobile POS, card and chip readers, touch screens, computers, self-service kiosks, and terminals. It is easy to operate and considered ideal for indoor and home delivery services as POS device requires low space with no maintenance costs. As a result, it finds extensive applications in the retail, e-commerce, hospitality, food and beverage (F&B), entertainment, and healthcare sectors. Presently, there is a rise in the utilization of near-field communicative (NFC) devices for faster payments and reducing human errors, which is catalyzing the demand for POS devices across India.

India POS Device Market Trends:

A considerable shift of individuals towards digital modes of payment for goods and services represents one of the key factors driving the market in India. In addition, the rising demand for POS devices to streamline the operational e-commerce platforms and enable businesses to sell items online and in-store easily is propelling the growth of the market in the country. Moreover, POS devices help create customer profiles automatically with every card transaction and monitor important customer information and purchase history. This, coupled with the increasing adoption of new technologies, such as e-wallets and mobile wallets, is offering lucrative growth opportunities to industry investors. Besides this, the Government of India is promoting digital payment to make the country a cashless economy by establishing micro automated teller machines (ATMs), which is bolstering the market growth. Furthermore, the rising integration of artificial intelligence (AI) in POS devices is projected to strengthen the growth of the market in the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India POS device market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on component, terminal type, business size and industry vertical.

Breakup by Component:

  • Hardware
  • Software
  • Services
     

Breakup by Terminal Type:

  • Fixed POS Terminals
  • Mobile POS Terminals
     

Breakup by Business Size:

  • Turnover < 5 Million INR
  • Turnover 5 Million INR – 50 Million INR
  • Turnover 50 Million INR and Above
     

Breakup by Industry Vertical:

  • Retail
  • Hospitality
  • BFSI
  • Media and Entertainment
  • Warehouse
  • Healthcare
  • Others
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Terminal Type, Business Size, Industry Vertical, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the India POS device market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India POS device market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the terminal type?
  • What is the breakup of the market based on the business size?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the India POS device market and who are the key players?
  • What is the degree of competition in the industry?

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India POS Device Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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