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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

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.

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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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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/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-300441077.html