PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1134947
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1134947
Global Wearable Payments Market Size study & Forecast, by Device Type, By Technology (Near-field Communication Technology, Radio Frequency Identification, QR & Bar Codes and Others), By Application and Regional Analysis, 2022-2029
Global Wearable Payments Market is valued at approximately USD 422.81 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 21.7% over the forecast period 2022-2029. Wearable Payments refers to wearable devices that can be attached to the body and used to make contactless payment at different places such as Merchant Outlets, Gas stations, and retail stores among others. There are different devices used as wearable payment solutions including bracelets, wrist bands, smart watches, and smart rings etc. Wearable payment solutions work on different technologies such as Near-field Communication Technology (NFC), Radio Frequency Identification (RFID), QR & Bar Codes. The increasing adoption of cashless payments worldwide and growing penetration of wearable devices as well as strategic initiatives from leading market players are key factors driving the market growth.
According to Statista - in 2021, the contactless payment market in the United States was estimated at USD 111 billion, and the market is projected to grow to USD 358 billion by 2025. Moreover, rising penetration of wearable devices is another key factor driving the market growth. For instance, as per Statista - in 2019, the number of connected wearable devices worldwide was estimated at 722 million, and this number is projected to reach 1000 million by end of 2022. Also, rising expansion of IT infrastructure in emerging economies and increasing penetration of contactless payment solutions in post covid era would create lucrative growth prospects for the market over the forecast period. However, certain factors such as high cost associated with wearable devices and limited battery life as well as rising incidences of data breaches impede market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Wearable Payments Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region worldwide in terms of market share owing to presence of leading FinTech companies as well as availability of required infrastructure in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of IT infrastructure as well as increasing penetration of contactless payment solutions in the region.
Major market players included in this report are:
Alibaba Group Holding Ltd.
Apple Inc.
Barclays Plc
Fitbit, Inc.
Google Llc
Jawbone, Inc.
Mastercard
Samsung Electronics Co., Ltd.
Visa, Inc.
PayPal Inc.
Recent Developments in the Market:
- In September 2020, New York based Purewrist, a provider of wearable technology solutions, rolled out a new mass market wearable, Purewrist GO. Purewrist GO is a wearable bracelet that facilitates safe and secure contactless payment transactions. This new launch would strengthen Pure wrist's wearable payment solution portfolio.
- In March 2021, Mumbai, India based Axis Bank unveiled its new range of wearable payment devices like wristbands, keychains and watch loops. The bank partnered with Thales and Tappy Technologies to design and create these products. This launch is intended to extend the wearable payment offerings of the bank.
Global Wearable Payments Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Device Type, Technology, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Device Type:
Smart Watches
Fitness Trackers
Payment Wristbands
Smart Rings
Others
By Technology:
Near-field Communication Technology (NFC)
Radio Frequency Identification (RFID)
QR & Bar Codes
Others
By Application:
Grocery Stores
Bar & Restaurants
Pharmacies/Drug Stores
Entertainment Centers
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Wearable Payments Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Wearable Payments Market, by Device Type, 2019-2029 (USD Billion)
- 1.2.3. Wearable Payments Market, by Technology, 2019-2029 (USD Billion)
- 1.2.4. Wearable Payments Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Wearable Payments Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Wearable Payments Market Dynamics
- 3.1. Wearable Payments Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing adoption of cashless payments Worldwide
- 3.1.1.2. Growing penetration of wearable devices
- 3.1.1.3. Strategic initiatives from leading market players
- 3.1.2. Market Challenges
- 3.1.2.1. High Costs associated with wearable devices
- 3.1.2.2. Limited battery life associated with these devices
- 3.1.2.3. Rising incidences of data breaches
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing expansion of IT infrastructure in emerging economies
- 3.1.3.2. Rising penetration of contactless payment solutions in post covid era
- 3.1.1. Market Drivers
Chapter 4. Global Wearable Payments Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Wearable Payments Market, by Device Type
- 6.1. Market Snapshot
- 6.2. Global Wearable Payments Market by Device Type, Performance - Potential Analysis
- 6.3. Global Wearable Payments Market Estimates & Forecasts by Device Type, 2019-2029 (USD Billion)
- 6.4. Wearable Payments Market, Sub Segment Analysis
- 6.4.1. Smart Watches
- 6.4.2. Fitness Tracker
- 6.4.3. Payment Wristbands
- 6.4.4. Smart Rings
- 6.4.5. Others
Chapter 7. Global Wearable Payments Market, by Technology
- 7.1. Market Snapshot
- 7.2. Global Wearable Payments Market by Technology, Performance - Potential Analysis
- 7.3. Global Wearable Payments Market Estimates & Forecasts by Technology, 2019-2029 (USD Billion)
- 7.4. Wearable Payments Market, Sub Segment Analysis
- 7.4.1. Near Field Communication Technology (NFC)
- 7.4.2. RFID (Radio Frequency Identification)
- 7.4.3. QR & Bar Codes
- 7.4.4. Others
Chapter 8. Global Wearable Payments Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Wearable Payments Market by Application, Performance - Potential Analysis
- 8.3. Global Wearable Payments Market Estimates & Forecasts by Application, 2019-2029 (USD Billion)
- 8.4. Wearable Payments Market, Sub Segment Analysis
- 8.4.1. Grocery Stores
- 8.4.2. Bar & Restaurants
- 8.4.3. Pharmacies/Drug Stores
- 8.4.4. Entertainment Centers
- 8.4.5. Others
Chapter 9. Global Wearable Payments Market, Regional Analysis
- 9.1. Wearable Payments Market, Regional Market Snapshot
- 9.2. North America Wearable Payments Market
- 9.2.1. U.S. Wearable Payments Market
- 9.2.1.1. Device Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Technology breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Wearable Payments Market
- 9.2.1. U.S. Wearable Payments Market
- 9.3. Europe Wearable Payments Market Snapshot
- 9.3.1. U.K. Wearable Payments Market
- 9.3.2. Germany Wearable Payments Market
- 9.3.3. France Wearable Payments Market
- 9.3.4. Spain Wearable Payments Market
- 9.3.5. Italy Wearable Payments Market
- 9.3.6. Rest of Europe Wearable Payments Market
- 9.4. Asia-Pacific Wearable Payments Market Snapshot
- 9.4.1. China Wearable Payments Market
- 9.4.2. India Wearable Payments Market
- 9.4.3. Japan Wearable Payments Market
- 9.4.4. Australia Wearable Payments Market
- 9.4.5. South Korea Wearable Payments Market
- 9.4.6. Rest of Asia Pacific Wearable Payments Market
- 9.5. Latin America Wearable Payments Market Snapshot
- 9.5.1. Brazil Wearable Payments Market
- 9.5.2. Mexico Wearable Payments Market
- 9.6. Rest of The World Wearable Payments Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Alibaba Group Holding ltd.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Apple Inc.
- 10.2.3. Barclays Plc
- 10.2.4. Fitbit, Inc.
- 10.2.5. Google Llc
- 10.2.6. Jawbone, Inc.
- 10.2.7. Mastercard
- 10.2.8. Samsung Electronics Co., Ltd.
- 10.2.9. Visa, Inc.
- 10.2.10. PayPal Inc.
- 10.2.1. Alibaba Group Holding ltd.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Wearable Payments Market, report scope
- TABLE 2. Global Wearable Payments Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Wearable Payments Market estimates & forecasts by Device Type 2019-2029 (USD Billion)
- TABLE 4. Global Wearable Payments Market estimates & forecasts by Technology 2019-2029 (USD Billion)
- TABLE 5. Global Wearable Payments Market estimates & forecasts by Application 2019-2029 (USD Billion)
- TABLE 6. Global Wearable Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 7. Global Wearable Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Wearable Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Wearable Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Wearable Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Wearable Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Wearable Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Wearable Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Wearable Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Wearable Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. U.S. Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 18. U.S. Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. Canada Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 20. Canada Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 21. Canada Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. UK Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 23. UK Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 24. UK Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. Germany Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 26. Germany Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 27. Germany Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. France Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 29. France Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 30. France Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. Italy Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 32. Italy Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 33. Italy Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Spain Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 35. Spain Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 36. Spain Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. RoE Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 38. RoE Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 39. RoE Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. China Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 41. China Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 42. China Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. India Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 44. India Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 45. India Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. Japan Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 47. Japan Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 48. Japan Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. South Korea Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 50. South Korea Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 51. South Korea Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. Australia Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 53. Australia Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 54. Australia Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. RoAPAC Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. Brazil Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 59. Brazil Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 60. Brazil Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Mexico Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 62. Mexico Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 63. Mexico Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. RoLA Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 65. RoLA Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 66. RoLA Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. Row Wearable Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 68. Row Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 69. Row Wearable Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. List of secondary sources, used in the study of global Wearable Payments Market
- TABLE 71. List of primary sources, used in the study of global Wearable Payments Market
- TABLE 72. Years considered for the study
- TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Wearable Payments Market, research methodology
- FIG 2. Global Wearable Payments Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Wearable Payments Market, key trends 2021
- FIG 5. Global Wearable Payments Market, growth prospects 2022-2029
- FIG 6. Global Wearable Payments Market, porters 5 force model
- FIG 7. Global Wearable Payments Market, pest analysis
- FIG 8. Global Wearable Payments Market, value chain analysis
- FIG 9. Global Wearable Payments Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Wearable Payments Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Wearable Payments Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Wearable Payments Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Wearable Payments Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Wearable Payments Market, regional snapshot 2019 & 2029
- FIG 15. North America Wearable Payments Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Wearable Payments Market 2019 & 2029 (USD Billion)
- FIG 17. Asia Pacific Wearable Payments Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Wearable Payments Market 2019 & 2029 (USD Billion)
- FIG 19. Global Wearable Payments Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
