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POS Terminal Market in India 2015-2019

POS Terminal Market in India 2015-2019

About POS terminals

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 customer’s credit/debit card
  • Checks the funds status in a customer’s bank account
  • Transfers the funds from customer’s account to the seller’s account
  • Records the transaction
  • Print the receipt of the transaction
  • 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
    Technavio's report, 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?


Press Release

Technavio Announces the Publication of its Research Report – POS Terminals Market in India 2015-2019

Technavio recognizes the following companies as the key players in the POS Terminals Market in India: First Data, Ingenico, SZZT and VeriFone

Other Prominent Vendors in the market are: CyberNet, Equinox and PAX Technology

Commenting on the report, an analyst from Technavio’s team said: “India, being a developing country, performs a majority of low-ticket transactions. The vendors, issuers, and the merchants are expected to develop low-cost transactions along with low-cost terminals, which enable the SMEs to integrate the systems in their respective institutions. Moreover, addressing such a market requires economic equations, which are difficult to inculcate from the developed regions because of the volatile and mutually exclusive end users and their selection criteria.”

According to the report, the merchants in the retail and hospitality sector are offering a personalized and interactive experience for consumers with the latest generation POS terminals. The installation of advanced POS terminals enables the merchants to plan beyond the simple efficiency and operational savings and focus on a range of customer-oriented campaigns to grow and expand the customer base.

Further, the report states that the market for e-retailing is on the initial growth stage and is expected to grow, primarily in the developing regions, affecting the growth for POS terminal usage and integration in retailing.

Companies Mentioned

First Data, Ingenico, SZZT, VeriFone, CyberNet, Equinox, PAX Technology

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Industry overview
    • Table BRIC countries development in POS terminals market
  • POS system market
    • Table Global POS system market
    • Table Global POS system market by application 2014
    • Table POS terminals and the respective applications in the market
    • Supply chain
      • Table Value chain
    • Ecosystem
      • Table POS terminal transaction process
      • Table POS terminal ecosystem
  • Country overview
    • Table Retail evolution in India
    • Role of Indian banking sector
      • Table Card and ATM statistics in India 2014
    • Payment industry
    • Government initiatives
    • EMV technology
      • Table Global EMV cards transaction and penetration
    • Major payment gateways
      • Table Benefit of POS terminals for economy and consumers
  • Market landscape
    • Market size and forecast
      • Table POS terminal market in India (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Impact of drivers
    • Table Impact of drivers
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • First Data
      • Table First Data: Business segmentation by revenue 2014
      • Table First Data: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table First Data: Geographical segmentation by revenue 2014
    • Ingenico
      • Table Ingenico: Business segmentation by revenue 2014
    • SZZT
      • Table SZZT: Product segmentation
      • Table SZZT: Business segmentation by revenue 2014
      • Table SZZT: Geographical segmentation by revenue 2014
    • VeriFone Systems
      • Table VeriFone Systems: Business segmentation by revenue 2014
      • Table VeriFone Systems: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table VeriFone Systems: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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