DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/p4vdv7/pos_terminal) has announced the addition of the "POS Terminal Market in India 2015-2019" report to their offering.
The report forecasts the revenue of the POS terminal market in India to grow at a CAGR of 23.30% in terms of revenue during 2014-2019.
The report, POS Terminal Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
This report covers the present scenario and the growth prospects of the POS terminal market in India for 2015-2019. The report considers revenue generated from the shipment of POS terminal in India, including fixed POS terminals and wireless POS terminals.
India, being a developing country, performs a majority of low-ticket transactions. The vendors, issuers, and the merchants are expected to develop low-cost transactions along with low-cost terminals, which enable the SMEs to integrate the systems in their respective institutions. Moreover, addressing such a market requires economic equations, which are difficult to inculcate from the developed regions because of the volatile and mutually exclusive end users and their selection criteria.
According to the report, the merchants in the retail and hospitality sector are offering a personalized and interactive experience for consumers with the latest generation POS terminals. The installation of advanced POS terminals enables the merchants to plan beyond the simple efficiency and operational savings and focus on a range of customer-oriented campaigns to grow and expand the customer base.
Further, the report states that the market for e-retailing is on the initial growth stage and is expected to grow, primarily in the developing regions, affecting the growth for POS terminal usage and integration in retailing.
- First Data
Other prominent vendors
- PAX Technology
For more information visit http://www.researchandmarkets.com/research/p4vdv7/pos_terminal