LONDON, Sept. 19, 2016 /PRNewswire/ -- Ease of Use and Enhanced Customer Experience Drive the Uptake of PoS Terminals
This research service analyses the Indian point-of-sale terminals market. India is the 13th-largest non-cash-payment market in the world. It has high potential to grow significantly as more merchants install PoS systems and accept card payments. Only 35% of the country's population has bank accounts. The government's initiative of providing bank accounts and debit cards paves the way for payment infrastructure opportunities. Banks' aggressive stance in providing payment infrastructure by offering PoS systems to large businesses as well as SMBs coupled with the growing awareness and security offered over card-based transactions help move India toward a plastic economy. The base year for the study is 2015 and the study period is 2014 to 2020.
Base Year and Market
Market sizing for the base year is based on the demand side analysis of the market by multiplying product price with the unit shipment. The installed base is retrieved from the Reserve Bank of India (RBI) database and further analyzed to arrive at the unit shipment of the base year.
Point-of-Sale terminals are the computerized replacement of cash registers and are capable of performing electronic payment transactions, customizing and tracking orders, managing inventory, and so on. They are largely classified as wired and wireless terminals.
- The Indian calendar year (CY) is considered from January to December.
- The base year for the study is 2015.
- The forecast or projection period is from 2016 to 2020.
End User industry
- Large and small retail stores, hospitality (e.g., restaurants, hotels, service apartments, lodging), healthcare (e.g., hospitals, clinics, health services, labs), entertainment (e.g., malls, cineplexes, theme parks, gaming zones), government and utilities (government related such as electricity, water, and taxes), others (warehouse distribution, transportation, field service, beauty and wellness).
Major Suppliers/Manufacturers - Ingenico, Verifone, Analogics Group, Visiontek, Panasonic, NEC, Bewo, SaiBalaji.
Market/Revenue Numbers - All market/revenue numbers are in INR million.
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