POS Terminals Market in India 2023-2027
The POS terminals market in India is forecasted to grow by USD 1,812.57 mn during 2022-2027, accelerating at a CAGR of 11.59% during the forecast period. The report on the POS terminals market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in end-user demand for POS terminals, advent of hce-based POS transactions, and the rise in need for self-service POS terminals.
Technavio's POS terminals market in India is segmented as below:
By Component
By End-user
- Entertainment
- Hospitality
- Healthcare
- Retail
- Others
This study identifies the new product launches and technological upgrades of POS terminals as one of the prime reasons driving the POS terminals market in India growth during the next few years. Also, rise in number of strategic partnerships and acquisitions and android-based POS terminals providing new streams of revenue will lead to sizable demand in the market.
The report on the POS terminals market in India covers the following areas:
- POS terminals market sizing in India
- POS terminals market forecast in India
- POS terminals market industry analysis in India
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading POS terminals market in India vendors that include BITEL Co. Ltd., Castles Technology Co. Ltd., CitiXsys Holdings Inc., Diebold Nixdorf Inc., ePaisa Services Pvt. Ltd., Fiserv Inc., Ingenico Group SA, Mswipe Technologies Pvt. Ltd., NASPERS Ltd., NCR Corp., Newland Digital Technology Co. Ltd., NGX Technologies Pvt Ltd, Oracle Corp., PAX Global Technology Ltd., PayPal Holdings Inc., Razorpay Software Pvt. Ltd., Revel Systems Inc., VeriFone Inc., and Worldline SA. Also, the POS terminals market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.