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The India point-of-sale (POS) terminal market size is forecast to increase by USD 2.24 billion, at a CAGR of 12.68% between 2023 and 2028. The market is experiencing significant growth, driven by increasing end-user demand for advanced payment solutions and technological innovations. New product launches and continuous technological upgrades in mobile device, such as contactless payments, mobile POS systems and credit cards, and cloud-based solutions, are fueling market expansion. However, high operational and maintenance costs remain a challenge for small and medium-sized businesses, potentially hindering market growth. To mitigate this, companies are offering flexible pricing models and partnering with third-party service providers to reduce costs and improve efficiency. Overall, the POS terminal market is poised for continued growth, driven by evolving consumer preferences and technological advancements.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by End-user
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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