India (Point of Sale) POS Terminals Market Size By Application (Restaurants, Entertainment, Healthcare, Hospitality, Retail [Department Stores, Supermarkets/Hypermarkets, Convenience Stores, Discount Stores, Specialty Stores], Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware, Services), By Functionality (Connected, Standalone), Industry Analysis Report, Regional Outlook, Ap
Published on: 2024-07-07 | No of Pages : 240 | Industry : Media and IT
Publisher : MRA | Format : PDF&Excel
India (Point of Sale) POS Terminals Market Size By Application (Restaurants, Entertainment, Healthcare, Hospitality, Retail [Department Stores, Supermarkets/Hypermarkets, Convenience Stores, Discount Stores, Specialty Stores], Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware, Services), By Functionality (Connected, Standalone), Industry Analysis Report, Regional Outlook, Ap
India (Point of Sale) POS Terminals Market Size By Application (Restaurants, Entertainment, Healthcare, Hospitality, Retail [Department Stores, Supermarkets/Hypermarkets, Convenience Stores, Discount Stores, Specialty Stores], Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware, Services), By Functionality (Connected, Standalone), Industry Analysis Report, Regional Outlook, Ap
India POS Terminals Market Size
India POS Terminals Market size was over USD 450 million in 2016 with shipments of over 300 thousand units.
To get key market trends
Download Free Sample
The demonetization effect in India and the lack of available cash will propel the India POS terminals market demand as the people in the country are transitioning toward digital modes of payment for goods and services. Demonetization has increased the pace of digital transactions across the country, which has led to an increase in the demand for new machines to provide e-payment facilities to buyers. However, there are a comparatively lesser number of POS terminals to meet the demand, which is attracting several players, who will get a strong foothold by offering solutions at the best possible price.
Increasing penetration of the organized retail industry in the country and emergence of several e-commerce players offer huge impetus for the India POS terminals market growth. The system helps in streamlining the e-commerce operational platform and enables businesses to sell items online and in-store easily. The POS software used in retail sectors helps in automatically creating customer profiles with every card transaction that is accepted and monitor important customer information and purchase history.
| Report Attribute | Details |
|---|---|
| Base Year | 2016 |
| India POS Terminals Market Size in 2016 | 450 Million (USD) |
| Forecast Period | 2017 to 2024 |
| Forecast Period 2017 to 2024 CAGR | 9.5% |
| 2024 Value Projection | 3 Billion (USD) |
| Historical Data for | 2013 to 2016 |
| No. of Pages | 190 |
| Tables, Charts & Figures | 110 |
| Segments covered | Application, Component, Functionality and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Download Free Sample
India POS Terminals Market Analysis
India mobile POS terminals market share is anticipated to grow at a CAGR of over 10% owing to the increasing inclination of customers toward mobile wallets, which offer faster and seamless payment options. The portability offered by these platforms further escalates the demand as it enables merchants to accept credit/debit payments through a tablet or a smartphone. In addition, the convenience, mobility, and low-cost advantages offered by mobile systems as compared to fixed systems will contribute to the growth.
India POS software market is anticipated to witness a considerable growth over the forecast timeline as it offers several advanced features such as restaurant billing, detailed reporting dashboards, and inventory management. Advanced software solutions help in saving time by automating the tasks such as gathering customer information. The automation allows businesses to make their tasks simpler and streamlined. In addition, real-time or summary information can be retrieved with these devices, augmenting the India POS terminals market growth.
India connected POS terminals market will witness a significant growth in the future as it offers integrated value-added services such as couponing and mobile wallets. Moreover, it helps with a high return on investment by improving accuracy, profitability, and sales throughout the business operations. Connected devices are integrated with software applications that enable store owners to manage their total business on the same device they use to accept the payments.
The healthcare segment is anticipated to witness a huge demand over the forecast timeline in the India POS terminals market owing to the rising focus on gathering patient’s data tracking activities and the need for streamlining payment practices across healthcare service facilities. Increasing healthcare expenditure and investments, which are directed toward the healthcare infrastructural development will offer opportunities for the segment growth. The system enables the healthcare business to accept payments from online or phone and manage the financial information with advanced reporting options. Increasing number of healthcare facilities accompanied with the evolving payment landscape is expected to contribute to the India POS terminals market size.
The rural areas in the India POS terminals market is anticipated to witness a high demand for the system over the forecast timeline owing to the effect of demonetization and rising government focus to facilitate the region with the digital payments technology to cater to the cash-crunch across the economy. To support the digital payments ecosystem and cashless transactions, organizations, such as the National Bank for Agriculture and Rural Development (NABARD), are planning to deploy POS terminals in over one lakh villages, which will also help in offering efficient financial services to the disadvantaged population.
India POS Terminals Market Share
Key players in the India POS terminals market include
- Ingenico
- Verifone
- PAX Technology
- MSwipe
- Ezetap Mobile Solutions
are creating a great buzz in the industry and plan to utilize the huge untapped potential. In 2017, MSwipe announced that it plans to deploy over 50 thousand mPOS devices by the end of 2017. In addition, it also enables them to provide more benefits, such as discounts to the loyal customers, which help them in gaining prominence in the India POS terminals market.
India POS Terminals Industry Background
The India POS terminals market is supported by various government initiatives to enable cashless transactions in the country. For instance, the Pradhan Mantri Jan-Dhan Yojana (PMJDY) has increased the device sales in the country. The restaurants are progressively adopting the POS terminals, which make use of systems that are integrated to connect POS systems at all locations into a centralized server to ensure smooth business operations. There is an inclination toward mPOS devices in the country, which offers convenient transaction options to the customers attending events or standing in queues.
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 India POS terminals industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Service trends
2.1.5 Component trends
2.1.6 Functionality trends
2.1.7 Application trends
Chapter 3 India POS Terminals Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Technological & innovation landscape
3.4.1 Biometric POS
3.4.1 Android POS terminals
3.4.2 Countertop POS
3.4.3 Wireless POS terminals
3.4.3.1 Benefits of a wireless POS system
3.4.4 Connected VS standalone POS terminals
3.5 Regulatory landscape
3.5.1 PCI Security Standards Council
3.5.2 The Payments and Settlement Systems Act 2007
3.5.3 PA-DSS Compliance
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Increasing demand for mobile POS terminals
3.6.1.2 Technological advancements
3.6.1.3 Demonetization effect in India
3.6.1.4 Growing demand across several applications
3.6.1.5 Favorable regulatory body initiatives
3.6.2 Industry pitfalls and challenges
3.6.2.1 Standardization issues
3.6.2.2 Security Risks
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Company market share, 2016
3.9.1 Strategy dashboard
3.10 PESTEL analysis
Chapter 4 India POS Terminals Market, By Product
4.1 India POS Terminals market share by product, 2016 & 2024
4.2 Mobile
4.2.1 India mobile POS terminals market, by region, 2013 - 2024
4.3 Fixed
4.3.1 India fixed POS terminals market, by region, 2013 - 2024
Chapter 5 India POS Terminals Market, By Service
5.1 India POS terminals market share by service, 2016 & 2024
5.2 Professional Services
5.2.1 India POS terminals market demand from professional services, by region, 2013 - 2024
5.3 Support & Maintenance
5.3.1 India POS terminals market demand from support & maintenance, by region, 2013 - 2024
5.4 Training
5.4.1 India POS terminals market demand from training, by region, 2013 - 2024
Chapter 6 India POS Terminals Market, By Component
6.1 India POS terminals market share by component, 2016 & 2024
6.2 Software
6.2.1 India POS terminals market demand from software, by region, 2013 - 2024
6.3 Hardware
6.3.1 India POS terminals market demand from hardware, by region, 2013 - 2024
6.4 Services
6.4.1 India POS terminals market demand from services, by region, 2013 - 2024
Chapter 7 India POS Terminals Market, By Functionality
7.1 India POS terminals market share by functionality, 2016 & 2024
7.2 Connected
7.2.1 India connected POS terminals market, by region, 2013 - 2024
7.3 Standalone
7.3.1 India standalone POS terminals, by region, 2013 - 2024
Chapter 8 India POS Terminals Market, By Application
8.1 India POS terminals market share by application, 2016 & 2024
8.2 Retail
8.2.1 India POS terminals market demand from retail, by region, 2013 - 2024
8.2.2 Department Stores
8.2.3 Supermarkets/Hypermarkets
8.2.4 Warehouses
8.2.5 Convenience Stores
8.2.6 Discount Stores
8.2.7 Specialty Stores
8.2.8 Other Stores
8.3 Restaurant
8.3.1 India POS terminals market demand from restaurant, by region, 2013 - 2024
8.4 Healthcare
8.4.1 India POS terminals market demand from healthcare, by region, 2013 - 2024
8.5 Hospitality
8.5.1 India POS terminals market demand from hospitality, by region, 2013 - 2024
8.6 Warehouses
8.6.1 India POS terminals market demand from warehouses, by region, 2013 - 2024
8.7 Entertainment
8.7.1 India POS terminals market demand from entertainment, by region, 2013 - 2024
8.8 Others
8.8.1 India POS terminals market demand from other applications, by region, 2013 - 2024
Chapter 9 India POS Terminals Market, By Region
9.1 India POS terminals market share by region, 2016 & 2024
9.2 Tier 1
9.2.1 Tier 1 market estimates by product, 2013 - 2024
9.2.2 Tier 1 market estimates by service, 2013 – 2024
9.2.3 Tier 1 market estimates by component, 2013 – 2024
9.2.4 Tier 1 market estimates by functionality, 2013 – 2024
9.2.5 Tier 1 market estimates by application, 2013 – 2024
9.3 Tier 2
9.3.1 Tier 2 market estimates by product, 2013 - 2024
9.3.2 Tier 2 market estimates by service, 2013 – 2024
9.3.3 Tier 2 market estimates by component, 2013 – 2024
9.3.4 Tier 2 market estimates by functionality, 2013 – 2024
9.3.5 Tier 2 market estimates by application, 2013 – 2024
9.4 Others
9.4.1 Others market estimates by product, 2013 - 2024
9.4.2 Others market estimates by service, 2013 – 2024
9.4.3 Others market estimates by component, 2013 – 2024
9.4.4 Others market estimates by functionality, 2013 – 2024
9.4.5 Others market estimates by application, 2013 – 2024
Chapter 10 Company Profiles
10.1 Bitel Co.
10.1.1 Business Overview
10.1.2 Financial Data
10.1.3 Product Landscape
10.1.4 SWOT Analysis
10.2 Castles Technology
10.2.1 Business Overview
10.2.2 Financial Data
10.2.3 Product Landscape
10.2.4 Strategic Outlook
10.2.5 SWOT Analysis
10.3 CDL Logistics Group
10.3.1 Business Overview
10.3.2 Financial Data
10.3.3 Product Landscape
10.3.4 Strategic Outlook
10.3.5 SWOT Analysis
10.4 Cegid Group
10.4.1 Business Overview
10.4.2 Financial Data
10.4.3 Product Landscape
10.4.4 Strategic Outlook
10.4.5 SWOT Analysis
10.5 Cisco Systems, Inc.
10.5.1 Business Overview
10.5.2 Financial Data
10.5.3 Product Landscape
10.5.4 Strategic Outlook
10.5.5 SWOT Analysis
10.6 CitiXsys, Inc.
10.6.1 Business Overview
10.6.2 Financial Data
10.6.3 Product Landscape
10.6.4 Strategic Outlook
10.6.5 SWOT Analysis
10.7 Cybernet
10.7.1 Business Overview
10.7.2 Financial Data
10.7.3 Product Landscape
10.6.4 Strategic Outlook
10.6.5 SWOT Analysis
10.8 Fujian Newland
10.8.1 Business Overview
10.8.2 Financial Data
10.8.3 Product Landscape
10.6.4 Strategic Outlook
10.8.4 SWOT Analysis
10.9 Demandware, Inc.
10.9.1 Business Overview
10.9.2 Financial Data
10.9.3 Product Landscape
10.9.4 Strategic Outlook
10.9.5 SWOT Analysis
10.10 Epicor Software Corporation
10.10.1 Business Overview
10.10.2 Financial Data
10.10.3 Product Landscape
10.10.4 Strategic Outlook
10.10.5 SWOT Analysis
10.11 Ezetap Mobile Solutions Pvt. Ltd.
10.11.1 Business Overview
10.11.2 Financial Data
10.11.3 Product Landscape
10.11.4 Strategic Outlook
10.11.5 SWOT Analysis
10.12 Fulfillment America, Inc.
10.12.1 Business Overview
10.12.2 Financial Data
10.11.3 Product Landscape
10.12.4 Strategic Outlook
10.12.5 SWOT Analysis
10.13 GK Software
10.13.1 Business Overview
10.13.2 Financial Data
10.13.3 Product Landscape
10.13.4 Strategic Outlook
10.13.5 SWOT Analysis
10.14 Hewlett-Packard Company
10.14.1 Business Overview
10.14.2 Financial Data
10.14.3 Product Landscape
10.14.4 Strategic Outlook
10.15 Ingenico Group
10.15.1 Business Overview
10.15.2 Financial Data
10.15.3 Product Landscape
10.15.4 Strategic Outlook
10.15.5 SWOT Analysis
10.16 Island Pacific
10.16.1 Business Overview
10.16.2 Financial Data
10.16.3 Product Landscape
10.16.4 Strategic Outlook
10.16.5 SWOT Analysis
10.17 JDA Software Group, Inc.
10.17.1 Business Overview
10.17.2 Financial Data
10.17.3 Product Landscape
10.17.4 Strategic Outlook
10.17.5 SWOT Analysis
10.18 Jesta
10.18.1 Business Overview
10.18.2 Financial Data
10.18.3 Product Landscape
10.18.4 Strategic Outlook
10.18.5 SWOT Analysis
10.19 LS Retail
10.19.1 Business Overview
10.19.2 Financial Data
10.19.3 Product Landscape
10.19.4 Strategic Outlook
10.19.5 SWOT Analysis
10.20 Markitforce Group Pty. Ltd.
10.20.1 Business Overview
10.20.2 Financial Data
10.20.3 Product Landscape
10.20.4 Strategic Outlook
10.20.5 SWOT Analysis
10.21 MDA Ltd.
10.21.1 Business Overview
10.21.2 Financial Data
10.20.3 Product Landscape
10.22.4 Strategic Outlook
10.23.5 SWOT Analysis
10.22 Mi9 Retail
10.22.1 Business Overview
10.22.2 Financial Data
10.22.3 Product Landscape
10.22.4 Strategic Outlook
10.22.5 SWOT Analysis
10.23 Micros Systems, Inc.
10.23.1 Business Overview
10.23.2 Financial Data
10.23.3 Product Landscape
10.23.4 Strategic Outlook
10.23.5 SWOT Analysis
10.24 Mosambee
10.24.1 Business Overview
10.24.2 Financial Data
10.24.3 Product Landscape
10.24.4 Strategic Outlook
10.24.5 SWOT Analysis
10.25 MobiSwipe Technologies Private Limited
10.25.1 Business Overview
10.25.2 Financial Data
10.25.3 Product Landscape
10.25.4 Strategic Outlook
10.25.5 SWOT Analysis
10.26 NCR Corporation
10.26.1 Business Overview
10.26.2 Financial Data
10.26.3 Product Landscape
10.26.4 Strategic Outlook
10.26.5 SWOT Analysis
10.27 NEC Corporation
10.27.1 Business Overview
10.27.2 Financial Data
10.27.3 Product Landscape
10.27.4 Strategic Outlook
10.27.5 SWOT Analysis
10.28 Orbital Response
10.28.1 Business Overview
10.28.2 Financial Data
10.28.3 Product Landscape
10.28.4 Strategic Outlook
10.28.5 SWOT Analysis
10.29 Panasonic Corporation
10.29.1 Business Overview
10.29.2 Financial Data
10.29.3 Product Landscape
10.29.4 Strategic Outlook
10.29.5 SWOT Analysis
10.30 PAX Technology
10.30.1 Business Overview
10.30.2 Financial Data
10.30.3 Product Landscape
10.30.4 Strategic Outlook
10.30.5 SWOT Analysis
10.31 POS Direct Ltd.
10.31.1 Business Overview
10.31.2 Financial Data
10.31.3 Product Landscape
10.31.4 Strategic Outlook
10.31.5 SWOT Analysis
10.32 Paynear Solutions Pvt. Ltd.
10.32.1 Business Overview
10.32.2 Financial Data
10.32.3 Product Landscape
10.32.4 Strategic Outlook
10.32.5 SWOT Analysis
10.33 Retail Pro International, LLC
10.33.1 Business Overview
10.33.2 Financial Data
10.33.3 Product Landscape
10.33.4 Strategic Outlook
10.33.5 SWOT Analysis
10.34 Samsung Electronics Co., Ltd.
10.34.1 Business Overview
10.34.2 Financial Data
10.34.3 Product Landscape
10.34.4 Strategic Outlook
10.34.5 SWOT Analysis
10.34 Shenzhen Xinguodu
10.35.1 Business Overview
10.35.2 Financial Data
10.35.3 Product Landscape
10.35.4 Strategic Outlook
10.35.5 SWOT Analysis
10.36 Skilworth Technologies Pvt. Ltd.
10.36.1 Business Overview
10.36.2 Financial Data
10.36.3 Product Landscape
10.36.4 Strategic Outlook
10.36.5 SWOT Analysis
10.36 SKU Logistics
10.36.1 Business Overview
10.36.2 Financial Data
10.36.3 Product Landscape
10.36.4 Strategic Outlook
10.36.5 SWOT Analysis
10.37 Squirrel Systems
10.37.1 Business Overview
10.37.2 Financial Data
10.37.3 Product Landscape
10.37.4 Strategic Outlook
10.37.5 SWOT Analysis
10.38 SZZT Electronics
10.38.1 Business Overview
10.38.2 Financial Data
10.38.3 Product Landscape
10.38.4 Strategic Outlook
10.38.5 SWOT Analysis
10.39 Toshiba Corporation
10.39.1 Business Overview
10.39.2 Financial Data
10.39.3 Product Landscape
10.39.4 Strategic Outlook
10.39.5 SWOT Analysis
10.40 VeriFone Systems Inc.
10.41.1 Business Overview
10.41.2 Financial Data
10.41.3 Product Landscape
10.41.4 Strategic Outlook
10.41.5 SWOT Analysis
10.41 Visiontek Telesystems Private Limited
10.41.1 Business Overview
10.41.2 Financial Data
10.41.3 Product Landscape
10.41.4 Strategic Outlook
10.41.5 SWOT Analysis
10.42 Wincor Nixdorf International GmbH (now Diebold Nixdorf)
10.42.1 Business Overview
10.42.2 Financial Data
10.42.3 Product Landscape
10.42.4 Strategic Outlook
10.42.5 SWOT Analysis
10.43 Worldline SA
10.43.1 Business Overview
10.43.2 Financial Data
10.43.3 Product Landscape
10.43.4 Strategic Outlook
10.43.5 SWOT Analysis