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

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?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India POS Device Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Services
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Terminal Type
    7.1    Fixed POS Terminals
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Mobile POS Terminals
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Business Size
    8.1    Turnover < 5 Million INR
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Turnover 5 Million INR – 50 Million INR
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Turnover 50 Million INR and Above
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Industry Vertical
    9.1    Retail
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Hospitality
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    BFSI
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Media and Entertainment
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Warehouse
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Healthcare
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10    Market Breakup by Region
    10.1    North India
        10.1.1 Market Trends
        10.1.2 Market Breakup by State
        10.1.3 Market Forecast
    10.2    West and Central India
        10.2.1 Market Trends
        10.2.2 Market Breakup by State
        10.2.3 Market Forecast
    10.3    South India
        10.3.1 Market Trends
        10.3.2 Market Breakup by State
        10.3.3 Market Forecast
    10.4    East India
        10.4.1 Market Trends
        10.4.2 Market Breakup by State
        10.4.3 Market Forecast 
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Policy and Regulatory Landscape
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: India: POS Device Market: Major Drivers and Challenges
Figure 2: India: POS Device Market: Sales Value (in Billion US$), 2016-2021
Figure 3: India: POS Device Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: India: POS Device Market: Breakup by Component (in %), 2021
Figure 5: India: POS Device Market: Breakup by Terminal Type (in %), 2021
Figure 6: India: POS Device Market: Breakup by Business Size (in %), 2021
Figure 7: India: POS Device Market: Breakup by Industry Vertical (in %), 2021
Figure 8: India: POS Device Market: Breakup by Region (in %), 2021
Figure 9: India: POS Device (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: POS Device (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: POS Device (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: POS Device (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: POS Device (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: POS Device (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: POS Device (Fixed POS Terminals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: POS Device (Fixed POS Terminals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: POS Device (Mobile POS Terminals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: POS Device (Mobile POS Terminals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: POS Device (Turnover < 5 Million INR) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: POS Device (Turnover < 5 Million INR) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: POS Device (Turnover 5 Million INR – 50 Million INR) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: POS Device (Turnover 5 Million INR – 50 Million INR) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: POS Device (Turnover 50 Million INR and Above) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: POS Device (Turnover 50 Million INR and Above) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: POS Device (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: POS Device (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: POS Device (Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: POS Device (Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: POS Device (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: POS Device (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: POS Device (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: POS Device (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: POS Device (Warehouse) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: POS Device (Warehouse) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: POS Device (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: POS Device (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: POS Device (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: POS Device (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North India: POS Device Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North India: POS Device Market: Breakup by State (in %), 2021
Figure 41: North India: POS Device Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: West and Central India: POS Device Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: West and Central India: POS Device Market: Breakup by State (in %), 2021
Figure 44: West and Central India: POS Device Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South India: POS Device Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South India: POS Device Market: Breakup by State (in %), 2021
Figure 47: South India: POS Device Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 48: East India: POS Device Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: East India: POS Device Market: Breakup by State (in %), 2021
Figure 50: East India: POS Device Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: India: POS Device Industry: SWOT Analysis
Figure 52: India: POS Device Industry: Value Chain Analysis
Figure 53: India: POS Device Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: POS Device Market: Key Industry Highlights, 2021 and 2027
Table 2: India: POS Device Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: India: POS Device Market Forecast: Breakup by Terminal Type (in Million US$), 2022-2027
Table 4: India: POS Device Market Forecast: Breakup by Business Size (in Million US$), 2022-2027
Table 5: India: POS Device Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: India: POS Device Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: POS Device Market: Competitive Structure
Table 8: India: POS Device Market: Key Players


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