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India POS Device Market Size, Share, Business Growth & Industry Overview 2023-2028

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India POS Device Market Overview 2023-2028

The India POS device market size reached US$ 428.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 887.2 Million by 2028, exhibiting a growth rate (CAGR) of 12.5% during 2023-2028.

A point-of-sale or POS device is an electronic device that enables businesses to accept payments via debit and credit cards and manage various operations. It encompasses a range of devices such as smartphones, tablets, mobile POS systems, card and chip readers, touch screens, computers, self-service kiosks, and terminals. The POS device is user-friendly and well-suited for indoor use and home delivery services, as it requires minimal space and has no maintenance costs. It ensures facilitate faster payments and reduce human errors. Consequently, it finds widespread application across numerous sectors in India, including retail, e-commerce, hospitality, food and beverage (F&B), entertainment, and healthcare.

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India POS Device Market Trends and Drivers:

The India POS device market is primarily driven by the shifting consumer preferences toward digital payment methods for goods and services. Besides this, the increasing product usage to streamline operations in e-commerce platforms and facilitate easy online and in-store sales for businesses is acting as another significant growth-inducing factor. Additionally, the elevating adoption of POS devices for automatically creating customer profiles with each card transaction and allowing businesses to monitor important customer information and purchase history are also positively influencing the Indian market. Moreover, the growing adoption of new technologies, including e-wallets and mobile wallets, the launch of favorable policies by government bodies aimed at promoting digital payments to establish a cashless economy, and the expanding establishments of micro-ATMs are further propelling the market growth. Apart from this, the escalating integration of artificial intelligence (AI) in POS devices is anticipated to bolster the India POS device market in the coming years.

The report segmented the market on the basis of region, component, terminal type, business size and industry vertical.

Breakup by Component:

  • Hardware
  • Software
  • Services

Breakup by Terminal Type:

  • Fixed POS Terminals
  • Mobile POS Terminals

Breakup by Business Size:

  • Turnover < 5 Million INR
  • Turnover 5 Million INR – 50 Million INR
  • Turnover 50 Million INR and Above

Breakup by Industry Vertical:

  • Retail
  • Hospitality
  • BFSI
  • Media and Entertainment
  • Warehouse
  • Healthcare
  • Others

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

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Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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