India Pos Terminals Market Is Moving Fast - Opportunities & Challenges | Key Players are Cegid, Cisco, Epicor Software, Ingenico Group, JDA Software, MICROS Systems Inc, Toshiba, Verifone, Wincor Nixdorf, Worldline Global

India POS Terminals Market size was estimated to be over 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. Major financial organizations in the country such as Axis, HDFC and SBI have installed more than 700,000 POS terminals owing to the growing preference for portability and connectivity which is driving the India POS terminals market growth.

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With retail industry becoming organized, several e-commerce channels are emerging in the country, which will offer substantial growth opportunities for the India POS terminals market. The penetration of several e-commerce channels and the need for increasing the profit is transforming the retail industry, which will further escalate the demand. The software is being adopted by retailers to improve warehouse efficiency, for building better forecasts and to enable the procurement of the right product in the right place to help satisfy consumer requirements.

The major manufacturers covered in this report: -
1. Cegid
2. Cisco
3. CitiXsys - iVend Retail
4. Demandware, a Salesforce company
5. Epicor Software
6. Ezetap Mobile Solutions Pvt. Ltd
7. Hewlett Packard Enterprise
8. Ingenico Group
9. MICROS Systems Inc
10. NCR Corporation
11. NEC Corporation
12. Panasonic
13. Retail Pro International, LLC
14. Samsung Electronics
15. Toshiba
16. Verifone
17. Wincor Nixdorf
18. Worldline Global

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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.

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.

Key industry players 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.

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