Point of sale terminals or PoS terminals are electronic appliances that are used at retail points to conduct card payments. PoS terminals are mostly used by the retail, e-commerce, hospitality, entertainment, warehouse, and healthcare sectors. As of 2020, the retail and e-commerce sectors were the leading adopters of PoS solutions in India. Together, they occupied around 40.10% of the total PoS terminal market in terms of market revenue. Market insights: The PoS terminal market in India was valued at INR 27.47 Bn in 2020. It is expected to expand at a compound annual growth rate (CAGR) of ~13.29% between 2021 and 2025. It may reach a value of INR 50.01 Bn by 2025. The increase in the usage of near-field communicative devices, preference for contactless payment, and demand for e-commerce activities might influence the growth of the India PoS terminal market. Expansion of the market can also be attributed to the initiatives undertaken by the Government of India (GoI) to promote digital payment and thus cashless economy in the country. Some of such policies implemented by the government include demonetization, Jan Dhan Yojana, and the establishment of micro ATMs nationally. Moreover, technological advancements and the increasing adoption of new technologies, such as e-wallets and mobile wallets are also leading to a revolution in the market. However, the lack of the availability of adequate PoS terminals in the market hinders the further market growth. Alongside, high installation charges and maintenance costs, as well as security concerns regarding theft disrupt the stable growth in the market. Some of the prominent players operating in the market are ePaisa Services Private Limited, Ezetap Mobile Solutions Private Limited, and MobiSwipe Technologies Private Limited. COVID-19 impact analysis: The pandemic, followed by a long-term nationwide lockdown, had an adverse impact on the PoS terminal market in India. In the short run, the PoS terminal market in India experienced a downfall in its market value. The primary reasons behind market disruption were the closure of retail stores for a considerable duration and the existing financial stress in the market, which led to a fall in peoples purchasing power. Implementing stringent import restrictions caused a shortage in the supply of new PoS machines. They were essential since retail units were shifting to contactless methods of payment. Old and faulty devices were being removed or replaced. However, at present, due to the fear of social contacting and gathering, people are preferring cashless and contactless methods of payment. With the growing market for digital payments over the coming years, the PoS terminal market in India is also likely to expand multifold. Companies covered ePaisa Services Private Limited Ezetap Mobile Solutions Private Limited MobiSwipe Technologies Private Limited Mswipe Technologies Private Limited Pine Labs Finance Private Limited Ingenico International India Private Limited PAX Technologies Private Limited PayU Payments Private Limited Verifone India Sales Private Limited
Table of Contents
Chapter 1: Executive summary Chapter 2: Socio-economic indicators Chapter 3: Introduction 3.1. Market definition and structure Chapter 4: Market overview 4.1. Point of sale terminal market in India An overview 4.1.1. Market size and growth forecast based on value (2018 2025e) Chapter 5: Market segmentation 5.1. Point of sale terminal market in India Segmentation 5.1.1. Point of sale terminal markets share based on end user (2020 and 2025e) 5.1.2. Retail and e-commerce Market size and growth forecast (2018 2025e) 5.1.3. Hospitality Market size and growth forecast (2018 2025e) 5.1.4. Government and transportation Market size and growth forecast (2018 2025e) 5.1.5. Other sectors Market size and growth forecast (2018 2025e) Chapter 6: COVID-19 impact analysis 6.1. COVID-19 impact analysis Chapter 7: Market influencers 7.1. Market drivers 7.2. Market challenges Chapter 8: Government initiatives 8.1. Government initiatives Chapter 9: Market trends 9.1. Market trends Chapter 10: Competitive landscape 10.1. Market participants 10.1.1. ePaisa Services Private Limited ? Company information ? Business description ? Products/services ? Key people Note: Similar information has been provided for all companies 10.1.2. Ezetap Mobile Solutions Private Limited 10.1.3. MobiSwipe Technologies Private Limited 10.1.4. Mswipe Technologies Private Limited 10.1.5. Pine Labs Finance Private Limited 10.1.6. Ingenico International India Private Limited 10.1.7. PAX Technologies Private Limited 10.1.8. PayU Payments Private Limited 10.1.9. Verifone India Sales Private Limited Chapter 11: Recent developments 11.1. Recent developments Chapter 12: Appendix 12.1. Research methodology 12.2. About Netscribes 12.3. Disclaimer
This research report involves complete picture of the market with the help of in-depth secondary and primary research. This research report studies several aspects of the market and analyze vital industry influencers. Extensive secondary research has been conducted using paid as well as open access data sources in order to gather information on the market and parent market. These key findings are then analyzed and validated with the help of in-house data models and primary discussions with key industry participants and experts across the value chain
Research Tools and Models
- Top-Down Approach and Bottom-Up Approach
- QFD Modeling for Market Size and Share Calculation
- Regression, Variable and Impact Analysis
- Penetration Modeling
- It comprises briefing about market dynamics and business opportunities and strategies.
- Finally, all the research findings are validated through interviews with in-house industry experts, freelance consultants and key opinion leaders etc.
It involves various mathematical tools, models, projection, and sampling techniques. It involves following steps:
- Identification of market variables and market size derivation
- Assessment of future prospects, opportunities and market penetration rates by analyzing product commercialization, regional trends etc.
- Evaluation historical market trends and derivation of present and future year-on-year growth trends