Indian Point of Sale Market is Growing Startlingly

“Introduction of new services, increasing smartphone users, increasing penetration of debit and credit cards, strong government support, and exemption of excise duty will drive the Indian point of sale market to become 7.6 Million by 2022”, Says RNCOS

According to a new research report by RNCOS entitled, “Indian PoS Devices Market Outlook 2022”, the point of sale has gained huge popularity in past couple of years due to its numerous benefits and convenience. The major growth drivers of the industry are Introduction of new services, increasing disposable income, increasing penetration of debit and credit cards, growth of e-commerce industry, and strong government support.

The PoS market can be segmented into five broad application industries: Retail, Healthcare, Hospitality, restaurant and others. In 2016, the retail segment, which includes super market, e-commerce industry, apparel industry etc, was estimated as the largest segment of Indian PoS market. The market which has 0.5 Million PoS installed in 2016 has potential to report a significant growth in next six years. Indian PoS market is anticipated to grow at 30% CAGR to become INR 7.6 Million by 2022. Tier 3 and 4 are the fastest growing areas with huge potential of PoS installation in India. Ingenico, Verifone, PAX Technology, Cyber net, and SZZT Electronics are the top PoS companies in India.

Research Analysis and Highlights

The report is spread in over 57 pages and provides an in-depth research and rational analysis of the current status and future prospect of Indian PoS Industry. The study presents a transparent picture about different PoS application industries such as retail, hospitality, healthcare, restaurant and others. The research further covers distribution channel of PoS market in India, detailed analysis of PoS Installed by type of banks, growth drivers and challenges as well as road ahead.

The report also covers detailed information about active market players in the Indian Point of sale market, including domestic and global players to enable the clients understand the market structure and its growth during the forecasted period. In brief, the report, “Indian PoS Devices Market Outlook 2022” covers all the necessary aspects of the Indian PoS market, providing an in-depth research and prudent analysis of the key segments.

Some of the key highlights of the report include the following:

• Growth Drivers such as growth of e-commerce industry, easy & convenient and huge government support
• Market Segmentation by type of application industry
• Current and future market of PoS market
• Leading Players and their share in Indian PoS market

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