The ‘ Wearable Payments market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Wearable Payments market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Wearable Payments market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.
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Key Segments Studied in the Global Wearable Payments Market:
Wearable payment technology facilitates transactions with the use of various wearable devices such as smart watches, rings, wristbands, and fitness bands. In addition, different companies have introduced new wearable devices, which connect the customers with their bank account. Furthermore, shift in preference toward wearable payments among various industries to increase the convenience of customers is a major factor, which drives the growth of the global wearable payments market.
In addition, many companies are adopting wearable payments technology to improve their customers experience by removing the burden of handling cash and worrying about pick pocketing. Moreover, many transport and retail industries are adopting wearable technology to provide more efficient and straightforward experience to customers, which boosts the growth of the market.
Increase in adoption of cashless payments across the globe and rise in demand for wearable devices and contactless payments cards for secure and safer payment transaction are the significantly contribute toward the growth of the market. In addition, wearable payments provide enhanced customer experience and more convenient shopping experience to the customers, which fuel the growth of the market.
However, high cost of wearable devices and limited battery life of wearable devices hamper the growth of the market. Conversely, increase in usage of usage of near-field communication technology (NFC), radio frequency identification (RFID), and host card emulation technology in wearable payments is expected to provide lucrative opportunity for the market expansion during the forecast period.
The global wearable payments market is segmented into device type, technology, application, and region. In terms of device type, it is fragmented into smart watches, fitness tracker, payment wristbands, smart rings and others. By technology, it is segregated into near-field communication technology (NFC), radio frequency identification (RFID), QR & bar code and others. The applications covered in the study include grocery stores, bar & restaurants, pharmacies/drug stores, entertainment centers and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the wearable payments market analysis are Alibaba Group, Apple Inc., Barclays Plc., Fitbit, Inc., Google, Inc., Jawbone, Mastercard, PayPal, Inc. Samsung Electronics Co. ltd., and Visa Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
– The study provides an in-depth analysis of the global wearable payments market forecast along with the current & future trends to elucidate the imminent investment pockets.
– Information about the key drivers, restraints, and opportunities and their impact analysis on the global wearable payments market size is provided in the report.
– Porter;s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
– The quantitative analysis of the market from 2020 to 2027 is provided to determine the market potential.
Wearable Payments Market Key Segments
By Device Type
– Smart Watches
– Fitness Tracker
– Payment Wristbands
– Smart Rings
– Near-field Communication Technology (NFC)
– Radio Frequency Identification (RFID)
– QR & Bar Codes
– Grocery Stores
– Bar & Restaurants
– Pharmacies/Drug Stores
– Entertainment Centers
Key Market Players
– Alibaba Group
– Apple Inc.
– Barclays Plc.
– Fitbit Inc.
– Google, Inc.
– PayPal Inc.
– Samsung Electronics Co. Ltd.
– Visa Inc.
Geographically, the following regions together with the listed national/local markets are fully investigated:
– APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
– Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
– North America (U.S., Canada, and Mexico)
– South America (Brazil, Columbia, Argentina, Rest of South America)
– MEA (Saudi Arabia, UAE, Egypt)
Impact of COVID-19 on the Global Market
The research report compiled by Report Ocean offers the study of market opportunities and market impact that are created due to the COVID-19 pandemic. The detailed research report is focused upon all direct and indirect impact of COVID-19 with new product launches, pipeline analysis, supply chain overview, government regulations, strategies adopted by related market players and upcoming vaccines and drug status. Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.(*If you have any special requirements, please let us know and we will offer you the report as you want.)
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Furthermore, the years considered for the study are as follows:
Historical year – 2014-2019 | Base year – 2019 | Forecast period** – 2020 to 2025 [** unless otherwise stated]
Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
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Key Points Covered in Wearable Payments Market Report: Study Explore COVID 19 Outbreak Impact Analysis
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.3.Analyst tools & models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.1.Top impacting factors
2.1.2.Top investment pockets
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping global wearable payments market
188.8.131.52.Increase in adoption of cashless payments across the globe
184.108.40.206.Emerging demand for wearable devices and contactless payment for secure and safer payment transaction
220.127.116.11.Wearable payment provides enhanced customer experience
18.104.22.168.High costs of wearable devices
22.214.171.124.Risk of stolen and limited battery life of wearable devices
126.96.36.199.Growth in usage of NFC, RFID and host card emulation technology in wearable payments
3.4.COVID-19 impact analysis on wearable payments market
3.4.1.Impact on wearable payments market size
3.4.2.Change in end user trends, budgets, and preferences
3.4.3.Regulatory framework for solving market challenges faced by wearable payment providers
3.4.4.Economic impact on wearable payment service providers
3.4.5.Strategies to tackle negative impact in the industry
3.5.1.By Region (2010-2019)
CHAPTER 4:GLOBAL WEARABLE PAYMENTS MARKET, BY DEVICE TYPE
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country
4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country
4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis, by country
CHAPTER 5:GLOBAL WEARABLE PAYMENTS MARKET, BY TECHNOLOGY
5.2.Near Field Communication Technology (NFC)
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.RFID (Radio Frequency Identification)
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
5.4.QR & Bar Code
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country
CHAPTER 6:GLOBAL WEARABLE PAYMENTS MARKET, BY APPLICATION
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country
6.3.Bar & Restaurants
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country
CHAPTER 7:GLOBAL WEARABLE PAYMENTS MARKET, BY REGION
7.1.1.Market size and forecast, by region
CHAPTER 8:COMPANY PROFILES
8.1.ALIBABA GROUP HOLDING LIMITED
8.1.4.Operating business segments
8.1.7.Key strategic moves and developments
8.2.7.Key strategic moves and developments
8.3.6.Key strategic moves and developments
8.4.5.Key strategic moves and developments
8.5.7.Key strategic moves and developments
8.7.6.Key strategic moves and developments
8.8.SAMSUNG ELECTRONICS CO., LTD.
8.8.4.Operating business segments
8.8.8.Key strategic moves and developments
8.9.6.Key strategic moves and developments
8.10.6.Key strategic moves and developments
……..and view more in complete table of Contents
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