These expansion catalysts come with the easing of government regulations on virtual payments, a transition to cashless transactions, the advent of value-added features in PoS terminals, and increased demand from express industries.
The COVID-19 pandemic has created a significant opportunity for NFC-based PoS terminals, which enable contactless transactions. PoS terminals provided with UPI compatible features are most sought after in large retail establishments to speed up the billing process. The micro-ATM (PoS terminals) sector is developing 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 through type
Software-based point-of-sale (POS) terminals are expected to see the biggest long-term expansion in India as they can be seamlessly deployed and scaled as per the needs of the business. Upgrades and upgrades can be performed remotely, eliminating the need for physical hardware replacement. This flexibility makes them attractive to businesses of all sizes, including small and medium-sized enterprises (SMBs) that may have limited resources.
Market by Technology
The steady generation segment is increasingly expanding in the market, and the segment is more likely to expand more successfully in the coming years.
Market through product types
Smart point-of-sale (POS) terminals are expected to see the largest long-term expansion in India as smart point-of-sale terminals can leverage emerging technologies such as synthetic intelligence (AI), device learning (ML) ) and the Internet of Things (IoT). These technologies can enable features such as facial popularity for secure payments, personalized recommendations based on past purchases, and predictive analytics for stock management.
In-app marketplace
The demand for grocery segment stores is currently dominating the market and is very likely to increase in the market even in the near future. The increasing adoption of cash on delivery features through on-site payment strategies such as debit/credit cards through major e-commerce platforms post-pandemic is expected to increase the demand for POS terminals in the grocery sector in the coming years.
Market Across Regions
The demand for POS terminals is expected to grow further in North India in the coming years. It continues to thrive and will be even more so in the future.
Key Draw of the Report
Report Highlights
Company Profiles
Market Scope and Segmentation
By Types
By Technology
By product types
By Applications
By regions
For more information on this report, https://www. researchandmarkets. com/r/yukpvy
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