India Point Of Sale Terminals Market (2024-2030) | Forecast, Value, Analysis, Share, Revenue, Industry, Trends, Growth, Size & Companies
Market Forecast By Types (Hardware, Software), By Technology (Fixed, Portable), By Product Types (CounterTop, Integrated, Smart, Mobile), By Applications (Grocery, Education, Liquor Stores, Pet Products stores, Clinics & Diagnostics Centres, Beauty & Wellness, Electronics, Apparel, Bars & Restaurants, Furniture & Home Décor, Healthcare, Entertainment, Others), By Regions (North, West, East, South) And Competitive Landscape
| Product Code: ETC268464 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 30 | No. of Tables: 9 | |
India Point-of-Sale (PoS) Terminal Market Size Growth Rate
The India Point-of-Sale (PoS) Terminal Market is projected to grow at a CAGR of 24.1% from 2023 to 2029, driven by government-led digital initiatives, rising adoption of contactless and UPI-enabled transactions, and increasing demand from sectors like grocery and retail alongside the emergence of smart, software-based PoS technologies.
India Point-of-Sale (PoS) Terminal Market
India Point-of-Sale (PoS) Terminal Market is running at a faster pace. In the year 2016-17, imports experienced a nearly fivefold increase primarily due to the impact of demonetization. Following this, import figures remained steady for the next few years, averaging around 0.8 million units annually. However, in 2019-20, the number of imports nearly doubled, reaching 1.78 million units. The import numbers for the first quarter of FY21 declined due to the effects of COVID-19 on supply chains and reduced demand. During the initial four months of the financial year 2021, 0.37 million units were imported. There are several factors that are expected to contribute to the further increase in the adoption of Point-of-Sale (PoS) terminals. These growth enablers include relaxed government regulations on digital payments, a shift towards cashless transactions, the introduction of value-added features in PoS terminals, and higher demand from specific sectors.
According to 6Wresearch, India Point-of-Sale Terminal Market revenue is projected to grow at a CAGR of 24.1% from 2023-2029. India's digital payment market growth is revolutionary, facilitated by various initiatives by the Government and the Reserve Bank of India (RBI). Given its status as the second-most populous country and the increased presence of major card providers in recent years, India is a crucial market for PoS terminals. The COVID-19 pandemic has created a significant opportunity for NFC technology-based PoS terminals, which enable contactless transactions. PoS terminals equipped with features to support UPI are in high demand in large retail stores to expedite the billing process. Additionally, the micro-ATM sector (PoS terminals) is experiencing growth as it is widely used for AePS-based payments. The Point-of-Sale Terminal Market in Indonesia is anticipated to continue expanding as the payments infrastructure undergoes modernization and payment cards gain greater acceptance. These factors are expected to play a crucial role in driving market growth in the coming years.
Market by Types
Software-based Point-of-Sale (POS) terminals are expected to experience the highest growth in the future in India as it can be easily deployed and scaled according to business needs. Updates and upgrades can be done remotely, eliminating the need for physical hardware replacements. This flexibility makes them attractive to businesses of all sizes, including small and medium enterprises (SMEs) that may have limited resources.
Market by Technology
Fixed segment by technology is growing more in the market and the similar segment has more chances to grow more effectively in the years to come.
Market by Product Types
Smart Point-of-Sale (POS) terminals are expected to experience the highest growth in the future in India as Smart POS terminals can leverage emerging technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). These technologies can enable features like facial recognition for secure payments, personalized recommendations based on past purchases, and predictive analytics for inventory management.
Market by Applications
POS demand from the grocery segment is currently dominating the market and has more chances to rise in the market even in the near future. The increasing adoption of cash-on-delivery options through on-site payment methods such as debit/credit cards by major e-commerce platforms following the pandemic is expected to drive the demand for POS terminals in the grocery sector in the coming years.
Market by Regions
The demand for POS terminals is expected to grow more in North India in the years to come. The segment is still flourishing and will flourish more in the future.
Key Attractiveness of the Report
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Historical Data and Forecast of India Point-of-Sale Terminal Market Revenues for the Period 2019-2029F
- Historical Data and Forecast of India Point-of-Sale Terminal Market Revenues, By Types for the Period 2019-2029F
- Historical Data and Forecast of India Point-of-Sale Terminal Market Revenues, By Product Types for the Period 2019-2029F
- Historical Data and Forecast of India Point-of-Sale Terminal Market Revenues, By Technology for the Period 2019-2029F
- Historical Data and Forecast of India Point-of-Sale Terminal Market Revenues, By Applications for the Period 2019-2029F
- Historical Data and Forecast of India Point-of-Sale Terminal Market Revenues, By Regions for the Period 2019-2029F
- Market Drivers, Restraints
- Market Evolution and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Competitive Landscape
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
- Hardware
- Software
By Technology
- Fixed
- Portable
By Product Types
- CounterTop
- Integrated
- Smart
- Mobile
By Applications
- Grocery
- Education
- Liquor Stores
- Pet Products stores
- Clinics & Diagnostics Centres
- Beauty & Wellness
- Electronics
- Apparel
- Bars & Restaurants
- Furniture & Home Décor
- Healthcare
- Entertainment
- Others
By Regions
- North
- West
- East
- South
India Point Of Sale Terminals Market: FAQs
India Point-of-Sale Terminal Market's revenue is projected to grow at a CAGR of 24.1% from 2023-2029.
The COVID-19 pandemic has created a significant opportunity for NFC technology-based PoS terminals, which enable contactless transactions.
Software-based Point-of-Sale (POS) terminals are expected to experience the highest growth in the future in India as it can be easily deployed and scaled according to business needs.
Segments that are covered in this market report are by types, technology, product types, applications, and regions.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of the Report |
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2.3. Market Scope & Segmentation |
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2.4. Research Methodology |
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2.5. Assumptions |
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3. India Point-of-Sale Terminal Market Overview |
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3.1. India Point-of-Sale Terminal Market Revenues and Volume (2023-2030F) |
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3.2. India Point-of-Sale Terminal Market Transactional Value and Volume, 2023 |
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3.3. India Point-of-Sale Terminal Market Industry Life Cycle |
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3.4. India Point-of-Sale Terminal Market Porter’s Five Forces Model |
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3.5. India Point-of-Sale Terminal Market Revenue Share, By Types (2020 & 2030F) |
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3.6. India Point-of-Sale Terminal Market Revenue and Volume Share, By Technology (2020 & 2030F) |
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3.7. India Point-of-Sale Terminal Market Revenue and Volume Share, By Product types (2020 & 2030F) |
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3.8. India Point-of-Sale Terminal Market Revenue Share, By Applications (2020 & 2030F) |
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3.9. India Point-of-Sale Terminal Market Revenue and Volume Share, By Regions (2020 & 2030F) |
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4. India Point-of-Sale Terminal Market Dynamics |
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4.1. Impact Analysis |
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4.2. Market Drivers |
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4.3. Market Restraints |
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5. India Point-of-Sale Terminal Market Evolution |
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6. India Point-of-Sale Terminal Market Overview, By Types |
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6.1. India Point-of-Sale Terminal Market Revenues and Volume, By Hardware, (2023-29F) |
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6.2. India Point-of-Sale Terminal Market Revenues, By Software, (2023-29F) |
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7. India Point-of-Sale Terminal Market Overview, By Technology |
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7.1. India Point-of-Sale Terminal Market Revenues and Volume, By Fixed, (2023-29F) |
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7.2. India Point-of-Sale Terminal Market Revenues and Volume, By Portable, (2023-29F) |
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8. India Point-of-Sale Terminal Market Overview, By Product Types |
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8.1. India Point-of-Sale Terminal Market Revenues and Volume, By CounterTop, (2023-29F) |
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8.2. India Point-of-Sale Terminal Market Revenues and Volume, By Integrated, (2023-29F) |
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8.3. India Point-of-Sale Terminal Market Revenues and Volume, By Smart, (2023-29F) |
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8.4. India Point-of-Sale Terminal Market Revenues and Volume, By Mobile, (2023-29F) |
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9. India Point-of-Sale Terminal Market Overview, By Applications |
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9.1. India Point-of-Sale Terminal Market Revenues, By Grocery, (2023-29F) |
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9.2. India Point-of-Sale Terminal Market Revenues, By Education, (2023-29F) |
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9.3. India Point-of-Sale Terminal Market Revenues, By Liquor Stores, (2023-29F) |
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9.4. India Point-of-Sale Terminal Market Revenues, By Pet Product Stores, (2023-29F) |
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9.5. India Point-of-Sale Terminal Market Revenues, By Clinic & Diagnostic Centers, (2023-29F) |
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9.6. India Point-of-Sale Terminal Market Revenues, By Beauty & Wellness, (2023-29F) |
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9.7. India Point-of-Sale Terminal Market Revenues, By Electronics, (2023-29F) |
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9.8. India Point-of-Sale Terminal Market Revenues, By Apparels, (2023-29F) |
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9.9. India Point-of-Sale Terminal Market Revenues, By Bars & Restaurants, (2023-29F) |
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9.10. India Point-of-Sale Terminal Market Revenues, By Furniture & Home Decor, (2023-29F) |
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9.11. India Point-of-Sale Terminal Market Revenues, By Healthcare, (2023-29F) |
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9.12. India Point-of-Sale Terminal Market Revenues, By Entertainment, (2023-29F) |
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9.13. India Point-of-Sale Terminal Market Revenues, By Others, (2023-29F) |
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10. India Point-of-Sale Terminal Market Overview, By Regions |
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10.1. India Point-of-Sale Terminal Market Revenues and Volume, By North, (2023-29F) |
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10.2. India Point-of-Sale Terminal Market Revenues and Volume, By West, (2023-29F) |
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10.3. India Point-of-Sale Terminal Market Revenues and Volume, South, (2023-29F) |
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10.4. India Point-of-Sale Terminal Market Revenues and Volume, East, (2023-29F) |
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11. India Point-of-Sale Terminal Market Key Performance Indicators |
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12. India Point-of-Sale Terminal Market Opportunity Assessment |
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12.1. India Point-of-Sale Terminal Market Opportunity Assessment, By Types |
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12.2. India Point-of-Sale Terminal Market Opportunity Assessment, By Technology |
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12.3. India Point-of-Sale Terminal Market Opportunity Assessment, By Product Types |
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12.4. India Point-of-Sale Terminal Market Opportunity Assessment, By Applications |
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12.5. India Point-of-Sale Terminal Market Opportunity Assessment, By Regions |
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13. India Point-of-Sale Terminal Market - Competitive Landscape |
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13.1. India Point-of-Sale Terminal Market Revenue Ranking, By Companies, 2023 |
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13.2. India Point-of-Sale Terminal Market Competitive Benchmarking, By Operating Parameters |
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14. Company Profiles |
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14.1. Mswipe Technologies Private Limited |
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14.2. Ingenico |
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14.3. Verifone Inc. |
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14.4. PAX Global Technology Limited |
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14.5. NGX Technologies Pvt. Ltd |
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14.6. Ezetap Mobile Solutions Private Limited |
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14.7. MobiSwipe Technologies Private Limited |
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14.8. Payswiff Solutions Private Limited |
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14.9. VISIONTEK, Linkwell Telesystems Pvt. Ltd |
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14.10. Evolute Group |
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15. Key Strategic Recommendations |
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16. Disclaimer |
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List of Figures |
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1. India Point-of-Sale Terminal Market Revenues and Volume, 2023-2030F (INR Million, Thousand Units) |
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2. India Point-of-Sale Terminal Market Transactional Value, 2023, (INR Crore) |
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3. India Point-of-Sale Terminal Market Transactional Volume, 2023, (Lakh) |
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4. India Point-of-Sale Terminal Market Revenue Share, By Types, 2020 & 2030F |
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5. India Point-of-Sale Terminal Market Revenue Share, By Technology, 2020 & 2030F |
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6. India Point-of-Sale Terminal Market Volume Share, By Technology, 2020 & 2030F |
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7. India Point-of-Sale Terminal Market Revenue Share, By Product Types, 2020 & 2030F |
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8. India Point-of-Sale Terminal Market Volume Share, By Product Types, 2020 & 2030F |
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9. India Point-of-Sale Terminal Market Revenue Share, By Application, 2020 & 2030F |
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10. India Point-of-Sale Terminal Market Revenue Share, By Region, 2020 & 2030F |
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11. India Point-of-Sale Terminal Market Volume Share, By Region, 2020 & 2030F |
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12. India Growth in Credit Card Issuance, FY21-22 to FY26-27E (in million) |
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13. India Growth in Debit Card Issuance, FY21-22 to FY26-27E (in million) |
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14. India Transaction Volume of Credit and Debit Cards, FY21-22 to FY26-27E (in billion) |
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15. India Transaction Value of Credit and Debit Cards, FY21-22 to FY26-27E (in INR Trillion) |
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16. India Transaction Volume of UPI, FY21-22 to FY26-27E (in billion) |
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17. India Transaction Value of UPI, FY21-22 to FY26-27E (in INR trillion) |
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18. India Number of Fraud Cases (Card/Internet), FY20-21 to FY22-23 (Units) |
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19. India Amount Involved in Fraud Cases (Card/Internet), FY20-21 to FY22-23 (INR Crores) |
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20. India Retail Industry Market Size, 2023 & 2024F, (in INR trillion) |
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21. Share of various Categories in Retail Basket of India, 2023 |
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22. India Hotel Industry Average Daily Room Rate (ADR) and Revenue Per Available Room (RevPAR), 2023 & 2023, (in INR) |
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23. India Domestic Tourist Visits, 2020 & 2023, (in Million) |
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24. India Point-of-Sale Terminal Market Opportunity Assessment, By Types, 2030F |
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25. India Point-of-Sale Terminal Market Opportunity Assessment, By Technology, 2030F |
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26. India Point-of-Sale Terminal Market Opportunity Assessment, By Product Types, 2030F |
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27. India Point-of-Sale Terminal Market Opportunity Assessment, By Applications, 2030F |
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28. India Point-of-Sale Terminal Market Opportunity Assessment, By Regions, 2030F |
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29. India Point-of-Sale Terminal Market Revenue Ranking, By Companies, 2023 |
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30. Top 10 Indian States By Contribution To Retail GDP, FY 2023 (US$ Billion) |
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List of Tables |
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1. India Point-of-Sale Terminal Market Revenues, By Types, 2023-2030F (INR million) |
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2. India Point-of-Sale Terminal Market Volume, By Types, 2023-2030F (Thousand Units) |
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3. India Point-of-Sale Terminal Market Revenues, By Technology, 2023-2030F (INR million) |
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4. India Point-of-Sale Terminal Market Volume, By Technology, 2023-2030F (Thousand Units) |
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5. India Point-of-Sale Terminal Market Revenues, By Product Types, 2023-2030F (INR million) |
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6. India Point-of-Sale Terminal Market Volume, By Product Types, 2023-2030F (Thousand Units) |
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7. India Point-of-Sale Terminal Market Revenues, By Applications, 2023-2030F (INR million) |
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8. India Point-of-Sale Terminal Market Revenues, By Regions, 2023-2030F (INR million) |
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9. India Point-of-Sale Terminal Market Volume, By Regions, 2023-2030F (Thousand Units) |
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