POS Terminals Market in India to grow by USD 1.81 billion from 2022 to 2027 | The growth in end-user demand for POS terminals to drive growth -Technavio

NEW YORK, Aug. 23, 2023 /PRNewswire/ -- The point-of-sale (POS) terminal market in India is estimated to grow at a CAGR of 11.59% between 2022 and 2027. The market size is forecast to increase by USD 1,812.57 million, according to Technavio - download a sample!

POS Terminals Market in India Insights -

• Companies: 15+, Including 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, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and Company landscape; Company product insights and recent developments; key companies; and market positioning of companies
• Segments: Component (Hardware, Software, and Services) and End-user (Entertainment, Hospitality, Healthcare, Retail, and Others)

To understand more about the point-of-sale (POS) terminal market in India, request a sample report

POS Terminals Market In India - Company Insights

The growing competition in the market is compelling companies to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market companies including - 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

POS Terminals Market In India – Market Dynamics

Key Driver

The growth in end-user demand for POS terminals is a key factor driving market growth. This increase is due to the growing demand for advanced payment solutions including industries as diverse as retail, healthcare, hospitality, warehousing, and distribution. Small Indian retailers are also adopting POS terminals for safe and easy payment. In addition, mobile POS leverages wireless devices such as phones and tablets to act as electronic terminals. This wireless configuration responds to customer preferences, which improves convenience. In addition, some POS providers provide products with advanced features. Hence, such factors are expected to drive market growth during the forecast period.

Major Trends

New product launches and technological upgrades of POS terminals is a major trend in the market. 

Significant Challenges

The high operational and maintenance costs of POS terminals is a significant challenge restricting market growth. 

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The POS terminals market in India report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this POS Terminals Market In India report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the POS terminals market In India between 2023 and 2027
• Precise estimation of the size of the POS terminals market In India and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the POS terminals market in India industry across India
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of the POS terminals market in India companies

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Table of Contents

Executive Summary

Market Landscape

Market Sizing

Historic Market Size

Five Forces Analysis

Market Segmentation by Component

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

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