India POS Terminals Market (2025-2031) | Companies, Trends, Size & Revenue, Industry, Outlook, Value, Segmentation, Forecast, Competitive Landscape, Share, Analysis, Growth

India POS Terminals Market Growth Rate

According to 6Wresearch internal database and industry insights, the India POS Terminals Market is projected to grow at a compound annual growth rate (CAGR) of 11.87% during the forecast period (2025-2031).

Five-Year Growth Trajectory of the India POS Terminals Market with Core Drivers

Below mentioned are the evaluation of year-wise growth rate along with key drivers:

Topics Covered in the India POS Terminals Market Report

The India POS Terminals Market report thoroughly covers the market by components, types, and applications. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

India POS Terminals Market Highlights

India POS Terminals Market Synopsis

India POS Terminals Market is projected to register immense growth during the upcoming period owing to the country’s rapid transition toward a cashless economy, driven by expanding digital payments adoption and development of organized retail. Additionally, government initiatives promoting financial inclusion and secure digital payment infrastructure are supporting India POS Terminals Market Growth. Basically, POS terminals have become essential for businesses in hospitality, restaurants, healthcare, and e-commerce sectors to streamline transactions and manage customer data. Apart from this, the increasing role of mobile POS devices has also improved accessibility for micro and small enterprises, accelerating payment digitization across rural and semi-urban regions.

Evaluation of Growth Drivers in the India POS Terminals Market

Below mentioned are some prominent drivers and their influence to the market dynamics:

India POS Terminals Market is expected to grow at the compound annual growth rate (CAGR) of 11.87% during the forecast period of 2025-2031. This expansion can be attributed to digitization of retail and restaurant operations, integration of value-added services, and rising demand for mobile POS solutions supporting seamless payment experiences for both customers and merchants. Apart from this, the growing consumer preference for cashless payments, coupled with government initiatives supporting digital transactions continue to create favorable conditions for the sustained growth of POS terminals across India.

Evaluation of Restraints in the India POS Terminals Market

Below mentioned are some major restraints and their influence to the market dynamics:

India POS Terminals Market Challenges

In terms of challenges, the POS terminals market in India faces major impediments which includes unreliable internet connectivity in rural areas, high installation and maintenance expenses, and technical skill gaps among small businesses. Many SMEs still rely on manual billing systems due to limited awareness of POS benefits. Furthermore, concerns around payment security and data privacy necessitate ongoing investment in robust cybersecurity solutions.

India POS Terminals Market Trends

Several prominent trends reshaping the India POS Terminals Market growth include:

• Cloud-Based POS Adoption: Businesses increasingly prefer cloud POS for real-time sales insights, remote access, and low hardware dependency.
• NFC & Contactless Payments: Growing use of tap-and-pay cards and UPI-enabled contactless solutions accelerates POS upgrades.
• Rise of Mobile POS Solutions: Compact wireless POS devices enable payments in delivery services, small shops, and outdoor events.

Investment Opportunities in the India POS Terminals Industry

Some prominent investment opportunities in the India POS Terminals Industry include:

• Mobile-First POS Solutions – Large opportunity to serve micro-retailers and food delivery businesses with lightweight mobile POS devices.
• Cloud-Native POS Software – Develop subscription-based systems offering analytics, CRM, and multi-store management.
• POS + Inventory Integration: Retailers adopt integrated systems for automated stock monitoring and faster replenishment cycles.

Top 5 Leading Players in the India POS Terminals Market

Some leading players operating in the market include:

1. Ingenico India

Ingenico is a leading provider of secure POS payment solutions, offering a wide range of fixed and mobile POS devices for retail and hospitality sectors.

2. Pine Labs

Pine Labs delivers advanced cloud-based POS systems, digital billing software, and merchant-focused payment solutions across India.

3. Verifone India

Verifone provides a comprehensive range of POS terminals, payment gateways, and secure transaction technologies serving retail and restaurant chains.

4. Mswipe Technologies

Mswipe is a major mobile POS provider offering affordable solutions for SMEs, including wireless payment devices and merchant apps.

5. Paytm POS

Paytm provides POS and digital payment solutions integrating QR payments, card transactions, and merchant financial tools through Android-based POS systems.

Government Regulations Introduced in the India POS Terminals Market

According to Indian government data, several initiatives have been undertaken to boost digital payments adoption such as the Digital India Program, which promotes cashless transactions through incentives for POS installation in retail and small shops. In addition, the RBI Payments Vision 2025 emphasizes secure digital infrastructure, encouraging widespread deployment of POS terminals. Furthermore, the Unified Payments Interface (UPI) framework has encouraged businesses to integrate multi-payment acceptance systems, strengthening the demand for modern POS solutions.

Future Insights of the India POS Terminals Market

Over the years, the India POS Terminals Industry is expected to witness long-term growth. This is mainly due to rising demand for seamless digital payments, integration of multi-payment gateways, and adoption of advanced billing solutions. Additionally, the growing development of organized retail, hospitality modernization, and fintech partnerships will further boost market penetration to a major extent. In general, mobile POS solutions are expected to gain major traction, backed by low setup costs and strong adoption among SMEs, enhancing long-term industry growth.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

OS Terminal Devices to Dominate the Market – By Component

According to Sachin, Senior Research Analyst, 6Wresearch, OS Terminal Devices hold the largest market share due to widespread deployment of card-accepting hardware in retail outlets, restaurants, and grocery stores. Their reliability, high processing capacity, and compatibility with multiple payment methods make them the preferred choice across high-volume transaction environments.

Retail to Dominate the Market – By Application

The Retail segment is projected to lead the India POS Terminals Market Share in the coming years owing to the rapid expansion of supermarkets, convenience stores, and omnichannel retail chains. POS systems enhance billing accuracy, customer experience, and inventory management, making them essential for retail operations in both urban and semi-urban regions.

Portable/Mobile POS to Dominate the Market – By Type

The Portable/Mobile POS category holds the dominant share due to increased adoption among small merchants, home-delivery businesses, and food service providers. Their affordability, compact size, and ability to function on wireless networks make them ideal for flexible and on-the-go digital payments.

Key Attractiveness of the Report

• 10 Years of Market Numbers
• Historical Data Starting from 2021 to 2024
• Base Year: 2024
• Forecast Data until 2031
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• India POS Terminals Market Outlook
• Market Size of India POS Terminals Market, 2024
• Forecast of India POS Terminals Market, 2031
• Historical Data and Forecast of India POS Terminals Revenues & Volume for the Period 2021- 2031
• India POS Terminals Market Trend Evolution
• India POS Terminals Market Drivers and Challenges
• India POS Terminals Price Trends
• India POS Terminals Porter's Five Forces
• India POS Terminals Industry Life Cycle
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Component for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By OS Terminal Devices for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By POS Software for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Services for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Application for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Restaurants for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Hospitality for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Healthcare for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Retail for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Warehouse / Distribution for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Entertainment for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Others for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Type for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Fixed POS for the Period 2021- 2031
• Historical Data and Forecast of India POS Terminals Market Revenues & Volume By Portable/Mobile POS for the Period 2021- 2031
• India POS Terminals Import Export Trade Statistics
• Market Opportunity Assessment By Component
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Type
• India POS Terminals Top Companies Market Share
• India POS Terminals Competitive Benchmarking By Technical and Operational Parameters
• India POS Terminals Company Profiles
• India POS Terminals Key Strategic Recommendations

Market Covered

The market report provides a detailed analysis of the following market segments:

By Component

• OS Terminal Devices
• POS Software
• Services

By Application

• Restaurants
• Hospitality
• Healthcare
• Retail
• Warehouse/Distribution
• Entertainment
• Others

By Type

• Fixed POS
• Portable/Mobile POS