India POS Terminal Market – 2025
India’s POS Terminal Market
A Rapidly Evolving Retail Technology Landscape
India is becoming one of the fastest-growing POS terminal markets in the world. The overall growth of organized retail drives demand for POS terminals. In turn, the growing middle class, already a consumption powerhouse, drives the demand for organized retail. Organized retail requires advanced systems, and the growth of mobile and cloud technologies, coupled with emerging technologies like AI and IOT, will ensure a dynamic POS environment for years to come.
Market Trends
- India has 17% of the earth’s consumers, and they have over 40 cities that have populations of more than 1 million. The top 10 cities account for 95% of organized retail.
- Over the past decade, retail sales have grown 164%, compared to 20% for Japan, 58% for Australia/New Zealand and 124% for China.
- India’s retail market is highly fragmented and diversified, with a transformation that continues from unorganized to organized retail. India’s e-commerce sales for 2024 were approximately $125 Billion, and are expected to triple by 2030.
- The long pole in the tent for retail and e-commerce growth is India’s retail supply chain, which is fraught with inefficiency and waste.
Leading Retailers
Reliance Group (#53 worldwide), Future Group, Trent Limited, Aditya Birla Retail Limited, Titan Company, Shoppers Stop, Raymond Group, Godrej, Provogue, DiMart
Western retailers in India: Marks & Spencer (100 stores), H&M (65), Metro (200+), Walmart (26)
Restaurant chains: Dominos (1,800+), YUM Brands (1,800+), Subway (900+), McDonald’s (350+), Burger King (400+)
Market Size & Growth Projections
2024 Market Size
Expected 2029 Market Size
Total Growth
CAGR
Key Vendors
IHL Studies for India POS Terminal Market
2025 Asia-Pacific POS Terminal Market Study
- This study includes market sizing, POS shipments, POS installed base and trends for the key APAC countries (China, Japan, Australia-New Zealand, etc) and the region as a whole.
2024 Asia-Pacific POS / mPOS Software Market Share
- Includes POS market share by software vendor by segment
2024 Asia-Pacific POS Terminal Hardware Market Share by Vendor
- Provides POS shipments and POS installed base by quarter for each retail segment for the APAC region.
2025 Asia-Pacific Retail Stores/POS Sizing by Retail Chain Size
- Included in this study are Market Sizing by store locations and chain size for Asia-Pacific