Press release
POS Terminal Market In India To Grow At A CAGR Of 23.30% In Terms Of Revenue During 2014-2019
POS terminals are a combination of hardware and software, which allows users to accept card payments directly without updating the cash registers. The cost of installing a terminal vary with the size of the business unit and selling terms with the channel partners and suppliers. A POS terminal is an electronic device and performs the following functions:
Reads the information of a customers credit/debit card
Checks the funds status in a customers bank account
Transfers the funds from customers account to the sellers account
Records the transaction
Print the receipt of the transaction
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POS terminals are now combined with union pay, which had resulted in increased market growth and shipment in 2014. This can be attributed to growing payment services and usage of debit/credit cards for transactions.
Technavio's analysts forecast the revenue of the POS terminal market in India to grow at a CAGR of 23.30% in terms of revenue during 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the POS terminal market in India for 2015-2019. The report considers revenue generated from the shipment of POS terminal in India, including fixed POS terminals and wireless POS terminals.
The report does not consider the revenue generated from the following:
Maintenance of POS terminals
Services of POS terminals
Cost of deployment
mPOS
Sales of used POS terminals
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POS Terminal Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
First Data
Ingenico
SZZT
VeriFone
Other prominent vendors
CyberNet
Equinox
PAX Technology
Key market driver
Technology adoption in retail and hospitality sectors
For a full, detailed list, view our report
Key market challenge
Growing e-commerce market
For a full, detailed list, view our report
Key market trend
Low-cost POS terminals
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Table Of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Industry overview
PART 06: POS system market
Supply chain
Ecosystem
PART 07: Country overview
Role of Indian banking sector
Payment industry
Government initiatives
EMV technology
Major payment gateways
PART 08: Market landscape
Market size and forecast
Five forces analysis
PART 09: Impact of drivers
PART 10: Impact of drivers and challenges
PART 11: Vendor landscape
Competitive scenario
Other prominent vendors
PART 12: Key vendor analysis
First Data
Ingenico
SZZT
VeriFone Systems
PART 13: Appendix
List of abbreviations
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