India Point of Sale Terminal Market 2017-2023: Market is Projected to Grow at a CAGR of Over 16% - Major Deployment in Several End User Markets Such as Hospitality, Government, and Retail - Research and Markets
19 Apr, 2017, 00:00 BST
DUBLIN, Apr. 18, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "India Point of Sale (POS) Terminal Market (2017-2023): Forecast by Types, End Users, Regions and Competitive Landscape" report to their offering.
India POS terminal market is projected to grow at a CAGR of over 16% from 2017 to 2023
In POS terminal market, portable POS terminal segment recorded highest revenue share in the year 2016 owing to its major deployment in several end user markets such as hospitality, government, and retail. Other POS terminals consist of countertop, mPOS, PIN Pad, and multimedia, wherein mPOS is registering positive growth year-over-year owing to its ease of accessibility and low cost of installation and availability on a monthly rental basis.
POS terminal market in India is registering healthy growth year-over-year. POS terminal market in India is buoyed by several factors mainly increasing penetration of plastic currency on account of financial inclusion initiative led by the Central Government under Pradhan Mantri Jan Dhan Yojna' and a relentless drive of the Government towards cashless economy. The market is also witnessing significant demand owing to banks pushing to gain advantage in merchant acquisition business through procurement of large number of POS terminals.
In 2016, several end user markets such as hospitality, retail, and government & transportation registered increase in demand for POS terminals owing to demonetization (occurred in the last quarter of 2016) which resulted in cash crunch. Retail segment accounted for the majority of the market revenues while hospitality and healthcare accounted for the highest growth.
The report thoroughly covers India POS terminal market by type, end user, and region. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
- Recommendations
Markets Covered
POS Terminal Type:
- Portable
- Countertop
- mPOS
- PIN Pad
- Multimedia
End Users:
- Hospitality & Healthcare (Hotels, Restaurants, Pubs & Bars, QSRs, Hospitals & Healthcare Clinics)
- Retail & e-Commerce (Shopping Malls, Retail Outlets, Supermarkets, and Hypermarkets)
- Government & Transportation (Municipalities, Electricity Boards, PSKs, Petrol Pumps, and Ticket Counters)
- Others (Education, Multiplexes, Entertainment, Sports Complexes, Fitness & Wellness Clubs)
Key Topics Covered:
1 Executive Summary
2 Introduction
3 India POS Market Overview
4 India POS Market Trends & Regulations
5 India Portable POS Terminal Market Overview
6 India Countertop POS Terminal Market Overview
7 India mPOS Terminal Market Overview
8 India PinPad Terminal Market Overview
9 India Multimedia Terminal Market Overview
10 India POS Market Opportunity Assessment, By Type
11 India POS Market Overview, By End User
12 India POS Market Overview, By Region
13 India POS Market - Competitive Landscape
14 Company Profiles
15 Recommendations
Companies Mentioned
- Ezetap Mobile Solutions Pvt. Ltd
- Ingenico India International Pvt. Ltd
- Mswipe Technologies Pvt. Ltd
- PAX Technologies Pvt. Ltd
- Verifone India Pvt. Ltd
For more information about this report visit http://www.researchandmarkets.com/research/rwj47x/india_point_of
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SOURCE Research and Markets