Wearable Payment Device Market Dynamics Exploring Growth Opportunities and Technological Advances

Wearable Payment Device Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity, The Wearable Payment Device market size is projected to reach a CAGR of 13.8% and Forecast to 2030.

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Wearable Payment Device are wearables like watches and bands usually wore on the wrist with embedded technology of payment. Theses provide the ease of contactless payment to the user and are fashionable, trendy, fast and convenient at the same time. It uses the method of online payment to make the payments. These wearables don’t just have the power of payment but can also track heart beats and the distance walked by a person.

As the contactless payments are gaining popularity due to the pandemic along with the more secured technology coming in the market are some of the factors that have supported long-term expansion for Wearable Payment Device Market.

Regional Analysis

APAC is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the low-priced wearables along with the increasing population in the region.

Recent Developments

Fitbit Inc was acquired by Google LLC to demark its entry in the sector of wearable payment device market.

Key Players of Wearable Payment Device Market:

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

Wearable Payment Device Market is segmented into Device Type, Technology, Sales Channel, Application and region.

On the basis of Type

  • Fixed CMM
  • Portable CMM

On the basis of Technology

  • Near Field Communication Technology (NFC)
  • Radio Frequency Identification (RFID)
  • QR & Barcode

On the basis of Sales Channel

  • Direct Sales
  • Indirect Sales

On the basis of Application

  • Retail/Grocery Stores
  • Restaurants
  • Hospitals/Pharmacies
  • Entertainment Centers
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

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In addition to the market data for Wearable Payment Device Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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