Albany, NY -- (SBWIRE) -- 06/27/2016 -- POS terminals are a combination of hardware and software, which allows users to accept card payments directly without updating the cash registers. The cost of installing a terminal vary with the size of the business unit and selling terms with the channel partners and suppliers.

A POS terminal is an electronic device and performs the following functions:

- Reads the information of a customers credit/debit card
- Checks the funds status in a customers bank account
- Transfers the funds from customers account to the sellers account
- Records the transaction
- Print the receipt of the transaction

The revenue of the POS terminal market in India to grow at a CAGR of 23.30% in terms of revenue during 2014-2019. POS terminals are now combined with union pay, which had resulted in increased market growth and shipment in 2014. This can be attributed to growing payment services and usage of debit/credit cards for transactions.

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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.

The report does not consider the revenue generated from the following:

- Maintenance of POS terminals
- Services of POS terminals
- Cost of deployment
- mPOS
- Sales of used POS terminals

Technavio's 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.

Key vendors
- First Data
- Ingenico
- SZZT
- VeriFone

Other prominent vendors
- CyberNet
- Equinox
- PAX Technology

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Key questions answered in this report:
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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