India POS Device Market

India POS Device Market Report 2022-2027 | Trends, Share And Growth

The latest research study “India POS Device Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the India POS device market is expected to exhibit a CAGR of XX% during 2022-2027.

A point-of-sale (POS) device refers to an electronic instrument that allows businesses to accept payments via debit and credit cards and manage operations. It comprises tablets, mobiles, card and chip readers, touch screens, smartphones, computers, self-service kiosks, and terminals. A POS device is easy to use and considered ideal for indoor and home delivery services as it requires low space with no maintenance costs. As a result, a POS device finds widespread applications across various sectors, such as retail, e-commerce, hospitality, food and beverage (F&B), media and entertainment, healthcare, BFSI, etc.

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India POS Device Market Trends

The extensive utilization of near-field communicative (NFC) appliances for faster payments and reducing human errors is among the primary factors driving the India POS device market. Besides this, the considerable shift of individuals towards digital modes of expenditure for goods and services is further augmenting the market growth. Moreover, the escalating demand for POS devices to streamline the operational e-commerce platforms and enable businesses to sell items online and in-store quickly is also catalyzing the market across India.

Apart from this, these machines assist in creating customer profiles automatically with every card transaction and monitoring important buyer information and purchase history, which is acting as another significant growth-inducing factor. Additionally, the launch of several policies by the government bodies to promote digital payment to make the country a cashless economy by establishing micro automated teller machines (ATMs) is also stimulating the market growth. Furthermore, the rising integration of artificial intelligence (AI) in these instruments is anticipated to propel the India POS device market over the forecasted period.

Key Market Segmentation:

The report has segmented the market on the basis of component, terminal type, business size and industry vertical and region.

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

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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:

• Market Performance (2016-2021)

• Market Outlook (2022-2027)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
Phone: +1-631-791-1145
Address: 134 N 4th St.
City: Brooklyn
State: NY
Country: United States

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