POS (Point of Sales) terminals are specialized bank electronic payment devices that provide cardholders with authorization, consumption, settlement, and other services. It is usually installed in authorized merchants, reading the cardholder's magnetic stripe information on the bank card through a card reader, completing online transactions, and printing corresponding bills. POS terminals not only support online consumption of bank cards such as credit cards and debit cards, but also ensure the safety, speed, and accuracy of transactions, thereby improving work efficiency.

Overview of Market Development

The North American POS terminal market is undergoing significant development and transformation. In recent years, with the increasing demand for cashless payments from consumers and the booming development of the e-commerce market, the North American POS terminal market has steadily grown. According to our research data, the North American POS terminal market reached $11.17 billion in 2023, an increase of 5.09% compared to 2022.

In the future, with the continuous innovation and upgrading of technology, POS terminals will develop from a single payment tool to intelligent and multifunctional directions, and their market development prospects are promising. It is expected that by 2028, the size of the North American POS terminal market is expected to increase to $14.56 billion.

Segmented Market Analysis

From the perspective of product types, the current North American POS terminal market mainly includes three types of products: fixed POS terminals, mobile POS terminals, and wireless POS terminals. Among them, fixed POS terminals dominate. The data shows that in 2023, the fixed POS terminal segment market size in North America was, with a market share of 58.87%.

From the perspective of downstream applications, POS terminals are widely used in industries such as retail, restaurants, and hospitality. Among them, the retail industry is the largest downstream application market, with an application share of 33.42% in 2023.

Source: www.globalmarketmonitor.com

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the North American POS terminal market is relatively high. According to our data, the total sales value of POS terminals for the top 3 companies in the industry in 2023 was $5658 million, with a total sales value share of 50.65%. The top three companies were Verifone Systems, Inc., Ingenico Group, and Diebold Nixdorf. In 2023, these three companies accounted for 29.99%, 13.98%, and 6.68% of POS terminal sales value in the North American market, respectively.

POS Terminal Sales Value and Share of Main Companies in 2023

Companies	Sales Value (Million USD)	Share
Verifone Systems	3350	29.99%
Ingenico Group	1562	13.98%
Diebold Nixdorf	746	6.68%
Top3	5658	50.65%