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India POS Terminals Market Leading Key Players are MobiSwipe Technologies, VeriFone, Mosambee, Ingenico, Ezetap Mobile Solutions, Visiontek Telesystems

08-20-2018 10:59 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

India POS Terminals Market

India POS Terminals Market

Market Overview: -

India POS Terminals Market to expand USD 450 million with the shipments growing at a CAGR of over 10% from 2017 to 2024. The growth can be credited to the growing usage and acceptance of credit & debit cards in the country. Considerable number of POS devices are being deployed across India in various sectors such as retail, restaurant, hospitality, healthcare, and entertainment which is expected to provide a widespread array of prospects for the India POS terminals market growth.

Rising deployment in India on a wide scale can be attributed to the active participation of the government and other regulatory bodies. The Reserve Bank of India (RBI) has relaxed the rules for carrying out transactions via POS terminals. Moreover, after the demonetization effect in the country, the government has been motivating banks to implement these systems to encounter the growing demand of cashless transactions.

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Top Key Players: -

Major Key players in India POS terminals market participating comprise MobiSwipe Technologies Private Limited, VeriFone, Mosambee, Ingenico, Ezetap Mobile Solutions Pvt. Ltd., Visiontek Telesystems Private Limited, Paynear Solutions Pvt. Ltd., and Skilworth Technologies Pvt. Ltd. The India POS terminals market is dominated by well-established players and is characterized by intense competition.

Market share calculation in this report is not done based on companies covered in it. The calculation of India POS terminals market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Segmentations: -

In the components segment, hardware segment accounted for majority of the India POS terminals market share as it offers distinctive designs and versatility suiting every industry need. The hardware includes handhelds, terminals, PC workstations, and self-service kiosks which are capable of managing the challenges of the retailers. Hardware is widely being adopted in India owing to its ease of implementation on the smart devices.

Tier 1 cities of the country had the largest share in 2016 in India POS terminals market owing to the accelerated growth of cashless transactions using credit & debit cards by the e-commerce websites. The governmental push towards the cashless transaction also helps the adoption of POS terminals in the tier 1 and tier 2 cities. The automation of brick and mortar businesses by cashless transactions is also gaining traction in these cities.

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Partial Chapter of the Table of 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

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terminals market. Customers using credit & debit cards at the systems have a risk of revealing their PINs to other customers. Several retailers are implementing advanced technology to prevent transaction frauds to execute secure online payments to make consumers more confident about the purchases.

The installation of mobile devices is allowing the merchants to plan beyond the operational savings, efficiency and focus on a variety of customer-oriented campaigns to grow and expand the customer base. Furthermore, they do not require the maintenance are primarily used for better mobility and user experience, utilizing technologies such as GPRS, 802.11, CDMA, and Wi-Fi for communication driving the India POS terminals market.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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