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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.
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.
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:
Breakup by Terminal Type:
Breakup by Business Size:
Breakup by Industry Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|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
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|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)|
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