Wearable Payment Devices Market Analysis by Device Type (Fitness Trackers, Payment Wristbands, Smart Watches), by Technology (Barcodes, NFC Wearable Payment Devices, QR Codes, RFID Wearable Payment Devices), by Application & Regional Forecast 2022-2028

Published by MRO | On Mar-2022 | Pages : 180 | Report ID : MRO-212367

Market Research Outlet is continuing to do research on Global Premium Wearable Payment Devices Market Analysis by Device Type (Fitness Trackers, Payment Wristbands, Smart Watches), by Technology (Barcodes, NFC Wearable Payment Devices, QR Codes, RFID Wearable Payment Devices), by Application & Regional Forecast 2022-2028 to thoroughly address the industry's key drivers and present condition, as well as give a complete review. This report covers a variety of essential market characteristics and variables, as well as their growth. The discussion will cover market characteristics, classifications, applications, drivers, constraints, and worldwide industry trends Premium Wearable Payment Devices Market.

The prime objective of Wearable Payment Devices  Market report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Wearable Payment Devices Market: Report Scope

Market Size (2022)

US$ 13.43 Bn

Value CAGR (2022-2028)

29% CAGR

Market Size (2028)

US$ 171.38 Bn

Key Providers of Wearable Payment Devices

  • Apple, Inc.
  • Barclays PLC
  • Gemalto NV
  • Google LLC
  • Mastercard
  • Nymi
  • PayPal Holdings Inc.
  • Samsung Electronics
  • Visa Inc.
  • Wirecard

Wearable Payment Devices Market: Market Segmentation

Key Segments Covered in Wearable Payment Devices Industry Report

By Device Type

Fitness Trackers

Payment Wristbands

Smart Watches

By Technology

Barcodes

Contactless Point of Sale Terminals

Near Field Communication (NFC Wearable Payment Devices)

Quick Response (QR) Codes

Radio Frequency Identification (RFID Wearable Payment Devices)

By Application

Wearable Payment Devices for Festivals & Life Events

Fitness Wearable Payment Devices

Healthcare Wearable Payment Devices

Retail Wearable Payment Devices

Wearable Payment Devices for Transportation

Others

Key Answers Questions such as:

What is the expected market worth of the wearable payment devices market in 2022?

By 2022, the market for wearable payment devices is likely to reach US$ 13.43 Bn

What was the recorded valuation of wearable payment devices sales in 2021?

By 2021, demand for wearable payment devices was valued at over US$ 10 Bn

At what rate did the wearable payment devices demand surge from 2017-2021?

According to Market Research Outlet, wearable payment devices demand grew at a CAGR of 27% from 2017-2021

What is the expected value CAGR for the wearable payment devices industry until 2028?

From 2022-2028, wearable payment devices revenue is poised to grow at a CAGR of 29%

What is the expected closing value of the market for wearable payment devices in 2028?

By 2028, the market for wearable payment devices is likely to reach US$ 171.38 Bn

What is the demand outlook for wearable payment devices across the U.S?

As per Market Research Outlet, the U.S is expected to contribute 31% of the global wearable payment devices revenue

At what percentage will wearable payment devices demand surge in China?

China is likely to flourish at an astounding 30% CAGR with respect to wearable payment devices sales

Which is expected to be the most sought after wearable payment device type?

By device type, fitness trackers are expected to be most preferred, capturing a 44% market share

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2021-2028 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2021-2028.Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

  • To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
  • Assess the production processes, major issues, and solutions to mitigate the development risk.
  • To understand the most affecting driving and restraining forces in the market and its impact in the global market.
  • Learn about the market strategies that are being adopted by leading respective organizations.
  • To understand the future outlook and prospects for the market.
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Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Key Benefits of the Report:

  • This study presents the analytical depiction of the global Wearable Payment Devices Market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
  • The current market is quantitatively analyzed from 2022 to 2028 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed global Wearable Payment Devices Market analysis based on competitive intensity and how the competition will take shape in the coming years. 

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