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Wearable Payments Market By Device Type (Smart Watches, Fitness Trackers, Payment Wristbands, Smart Rings and Others), Technology (Near-field Communication Technology (NFC), Radio Frequency Identification (RFID), QR & Bar Codes and Others), and Application (Grocery Stores, Bar & Restaurants, Pharmacies/Drug Stores, Entertainment Centers and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A06001 | Pages: 258 | Jul 2020 | 3318 Views | | |
| Author(s) : Pramod Borasi, Shadaab Khan , Vineet Kumar | Tables: 118 | Charts: 71 | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Wearable Payments Market
Request Now !Wearable Payments Market Outlook – 2027
The global wearable payments market was valued at $285.47 billion in 2019, and is projected to reach $1.37 trillion by 2027, growing at a CAGR of 21.7% from 2020 to 2027. Wearable payments are a secure method for consumers to purchase products or services by using advanced technology integrated in their wearable devices. In addition, it is known as tap-and-go payment method by various retailers and organizations, as it provide retailers and vendors with more secure and error-free payment method.
Post COVID-19, the grocery stores accounted for the highest market share, owing to rise in number of adoption of contactless payments among both retailers and consumers as they require less physical interaction.
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Furthermore, many banks and financial institutions are providing wearable payment options for increasing their customer base across the globe and providing enhanced convenience in shopping outdoors for the customers across the globe. In addition, the adoption of wearable payments and contactless payment has increased over time, due to surge in adoption of smartphones and ease of transaction as compared to traditional banking.
Increase in adoption of cashless payments across the globe and rise in demand for wearable devices along with contactless payment for secure and safer payment transaction are the major factors driving the growth of the global wearable payments market. In addition, wearable payments provide enhanced customer experience and more convenient shopping experience to 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. On the contrary, surge 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 expansion of the global market during the forecast period.
By application, the global wearable payments market is led by the grocery stores segment in 2019, and is projected to maintain its dominance during the forecast period. This is attributed to surge in adoption of wearable and contactless payments services from various retailers across the globe for increasing their customer experience. However, the other emerging applications such as transportation & sports stadium is expected to grow at the highest rate during the forecast period, owing to growing adoption of smart transportation and smart sports technologies in developed countries of Europe and North America drives the growth of the market.
Region wise, the wearable payments market share was dominated by Europe in 2019, and is expected to retain its position during the forecast period. The major factors that drive the growth of the market in this region include presence of key players and rise in penetration of wearable devices & smart chip payment systems across the region. However, Asia-Pacific is expected to witness significant growth rate during the forecast period, owing to expansion of the IT infrastructure, growth in investments from the private & public players, and high penetration of contactless payments in economies, such as Australia, Singapore, and Taiwan.
The report focuses on the growth prospects, restraints, and trends of the global wearable payments market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global wearable payments market.
Wearable Payments Market
By Device Type
Smart Watch segment holds a dominant position in 2019 and would maintain the lead during 2020-2027
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Segment Review
The global wearable payments market is segmented on the basis of 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.
Wearable Payments Market
By Technology
Near-Field Communication Technology projected to be the most lucrative segment
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By technology, it is segregated into near-field communication technology (NFC), radio frequency identification (RFID), QR & bar codes 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.
Wearable Payments Market
By Application
Grocery Store segment will dominate the market throughout the forecast period
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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 key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to increase their market penetration and strengthen their position in the industry.
Wearable Payments Market
By Region
Asia-Pacific region would exhibit the highest CAGR of 23.3% during 2020-2027
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COVID-19 Impact Analysis
During the COVID-19 pandemic wherein businesses are coping with operational challenges, many banks & financial institutions are providing their customers with new digital tools and techniques among which wearable payments have witnessed significant adoption. In addition, rise in penetration of contactless cards and wearable devices in the European region is providing growth potential for the wearable payments industry.
Furthermore, many banks and FinTech industries have introduced various attractive banking strategies for supporting consumers to adopt wearable payments, which is creating numerous opportunities for the market. Thus, due to alarming increase in number of COVID-19 patients across the globe, consumers have adopted contactless payments, which has positively impacted the wearable payments market growth.
Top Impacting Factors
Increase in use of NFC, RFID, and Host Card Emulation Technology in Wearable Payments
NFC and RFID acts as integral parts of different wearable payment and contactless payments. Many wearable devices manufacturers such as Apple, Samsung, and Huawei are integrating NFC and RFID technologies into the development of their contactless cards and wearable devices, which is anticipated to offer remunerative opportunities for the growth of the global market.
Furthermore, various companies are adopting NFC and host card emulation technologies for providing their customers easy access to the product which is displayed on their smartphones. For instance, KFC in 2019 in the UK launched an NFC-based advertisement campaign. The major aim of the campaign was to promote KFC’s Hot Shots Meal Box. With the use of NFC-based technology, customers can place their order by merely tapping LED screen.
Thus, to promote home delivery services and increase the adoption of contactless payments systems, KFC started this service. Moreover, companies are implementing host card emulation technology in their wearable devices for empowering wearable devices and increasing the performance of various mobile and wearable devices, thus proving to be a potential growth opportunity for the market.
Emerging Demand for Wearable Devices and Contactless Payment for Secure & Safer Payment Transaction
Increase in digitization across the globe and changes in lifestyle of people in developing and developed nations are driving the growth of the market. In addition, surge in adoption of wearable devices for various purposes, including fitness, fashion, and contactless payments boosts the growth of the market. Furthermore, increase in cyber-attacks on online payments and mobile payments systems across the globe have shifted the preference of many users toward the adoption of contactless payments systems.
Thus, major banks and FinTech industries across the globe have adopted wearable and contactless payment services to improve the security of the transaction process and to ease up the transaction process. For instance, according to a report published by Visa in Australia in 2019, around 90% of the total transaction made in Australia and Czech Republic was through contactless payment devices, which is driving the growth of the market. Furthermore, advancements in contactless payments and wearable devices such as biometrics and EMV-enabled wearable devices for increasing the security features are anticipated to propel the growth of the market during the forecast period.
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 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 2019 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
- 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
- Russia
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Alibaba Group
- Apple Inc.
- Barclays Plc.
- Fitbit, Inc.
- Google, Inc.
- Jawbone
- Mastercard
- PayPal, Inc.
- Samsung Electronics Co. Ltd.
- Visa Inc.
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings
2.1.1.Top impacting factors
2.1.2.Top investment pockets
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping global wearable payments market
3.3.Market dynamics
3.3.1.Drivers
3.3.1.1.Increase in adoption of cashless payments across the globe
3.3.1.2.Emerging demand for wearable devices and contactless payment for secure and safer payment transaction
3.3.1.3.Wearable payment provides enhanced customer experience
3.3.2.Restraint
3.3.2.1.High costs of wearable devices
3.3.2.2.Risk of stolen and limited battery life of wearable devices
3.3.3.Opportunities
3.3.3.1.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
3.4.6.Opportunity window
3.5.Patent Analysis
3.5.1.By Region (2010-2019)
3.5.2.By Applicant
CHAPTER 4:GLOBAL WEARABLE PAYMENTS MARKET, BY DEVICE TYPE
4.1.Overview
4.2.Smart Watches
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.Fitness Trackers
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.Payment Wristbands
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.Smart Rings
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.Others
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
5.1.Overview
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.Others
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
6.1.Overview
6.2.Grocery Stores
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.Pharmacies/Drug Stores
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.Entertainment Centers
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.Others
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.Overview
7.1.1.Market size and forecast, by region
7.2.North America
7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market analysis by device type
7.2.3.Market analysis by technology
7.2.4.Market analysis by application
7.2.5.Market analysis by Country
7.2.5.1.U.S.
7.2.5.1.1.Market size and forecast, by device type
7.2.5.1.2.Market size and forecast, by technology
7.2.5.1.3.Market size and forecast, by application
7.2.5.2.CANADA
7.2.5.2.1.Market size and forecast, by device type
7.2.5.2.2.Market size and forecast, by technology
7.2.5.2.3.Market size and forecast, by application
7.3.Europe
7.3.1.Key market trends, growth factors and opportunities
7.3.2.Market analysis by device type
7.3.3.Market analysis by technology
7.3.4.Market analysis by application
7.3.5.Market analysis by Country
7.3.5.1.UK
7.3.5.1.1.Market size and forecast, by device type
7.3.5.1.2.Market size and forecast, by technology
7.3.5.1.3.Market size and forecast, by application
7.3.5.2.GERMANY
7.3.5.2.1.Market size and forecast, by device type
7.3.5.2.2.Market size and forecast, by technology
7.3.5.2.3.Market size and forecast, by application
7.3.5.3.FRANCE
7.3.5.3.1.Market size and forecast, by device type
7.3.5.3.2.Market size and forecast, by technology
7.3.5.3.3.Market size and forecast, by application
7.3.5.4.SPAIN
7.3.5.4.1.Market size and forecast, by device type
7.3.5.4.2.Market size and forecast, by technology
7.3.5.4.3.Market size and forecast, by application
7.3.5.5.RUSSIA
7.3.5.5.1.Market size and forecast, by device type
7.3.5.5.2.Market size and forecast, by technology
7.3.5.5.3.Market size and forecast, by application
7.3.5.6.NETHERLANDS
7.3.5.6.1.Market size and forecast, by device type
7.3.5.6.2.Market size and forecast, by technology
7.3.5.6.3.Market size and forecast, by application
7.3.5.7.REST OF EUROPE
7.3.5.7.1.Market size and forecast, by device type
7.3.5.7.2.Market size and forecast, by technology
7.3.5.7.3.Market size and forecast, by application
7.4.Asia-Pacific
7.4.1.Key market trends, growth factors and opportunities
7.4.2.Market analysis by device type
7.4.3.Market analysis by technology
7.4.4.Market analysis by application
7.4.5.Market analysis by Country
7.4.5.1.CHINA
7.4.5.1.1.Market size and forecast, by device type
7.4.5.1.2.Market size and forecast, by technology
7.4.5.1.3.Market size and forecast, by application
7.4.5.2.INDIA
7.4.5.2.1.Market size and forecast, by device type
7.4.5.2.2.Market size and forecast, by technology
7.4.5.2.3.Market size and forecast, by application
7.4.5.3.JAPAN
7.4.5.3.1.Market size and forecast, by device type
7.4.5.3.2.Market size and forecast, by technology
7.4.5.3.3.Market size and forecast, by application
7.4.5.4.AUSTRALIA
7.4.5.4.1.Market size and forecast, by device type
7.4.5.4.2.Market size and forecast, by technology
7.4.5.4.3.Market size and forecast, by application
7.4.5.5.SINGAPORE
7.4.5.5.1.Market size and forecast, by device type
7.4.5.5.2.Market size and forecast, by technology
7.4.5.5.3.Market size and forecast, by application
7.4.5.6.REST OF ASIA-PACIFIC
7.4.5.6.1.Market size and forecast, by device type
7.4.5.6.2.Market size and forecast, by technology
7.4.5.6.3.Market size and forecast, by application
7.5.LAMEA
7.5.1.Key market trends, growth factors and opportunities
7.5.2.Market analysis by device type
7.5.3.Market analysis by technology
7.5.4.Market analysis by application
7.5.5.Market analysis by Country
7.5.5.1.LATIN AMERICA
7.5.5.1.1.Market size and forecast, by device type
7.5.5.1.2.Market size and forecast, by technology
7.5.5.1.3.Market size and forecast, by application
7.5.5.2.MIDDLE EAST
7.5.5.2.1.Market size and forecast, by device type
7.5.5.2.2.Market size and forecast, by technology
7.5.5.2.3.Market size and forecast, by application
7.5.5.3.AFRICA
7.5.5.3.1.Market size and forecast, by device type
7.5.5.3.2.Market size and forecast, by technology
7.5.5.3.3.Market size and forecast, by application
CHAPTER 8:COMPANY PROFILES
8.1.ALIBABA GROUP HOLDING LIMITED
8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.Business performance
8.1.7.Key strategic moves and developments
8.2.APPLE INC.
8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Product portfolio
8.2.5.R&D Expenditure
8.2.6.Business performance
8.2.7.Key strategic moves and developments
8.3.BARCLAYS PLC
8.3.1.Company overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments
8.4.Fitbit, Inc.
8.4.1.Company overview
8.4.2.Key executives
8.4.3.Company snapshot
8.4.4.Product portfolio
8.4.5.Key strategic moves and developments
8.5.GOOGLE LLC
8.5.1.Company overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Product portfolio
8.5.5.R&D Expenditure
8.5.6.Business performance
8.5.7.Key strategic moves and developments
8.6.Jawbone, Inc.
8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.5.Product portfolio
8.7.MASTERCARD
8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Product portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and developments
8.8.SAMSUNG ELECTRONICS CO., LTD.
8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.R&D Expenditure
8.8.7.Business performance
8.8.8.Key strategic moves and developments
8.9.VISA, INC.
8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Product portfolio
8.9.5.Business performance
8.9.6.Key strategic moves and developments
8.10.PAYPAL INC.
8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Product portfolio
8.10.5.Business performance
8.10.6.Key strategic moves and developments
LIST OF TABLES
TABLE 01.GLOBAL WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 02.WEARABLE PAYMENTS MARKET REVENUE FOR SMART WATCHES, BY REGION, 2019–2027 ($MILLION)
TABLE 03.WEARABLE PAYMENTS MARKET REVENUE FOR FITNESS TRACKERS, BY REGION, 2019–2027 ($MILLION)
TABLE 04.WEARABLE PAYMENTS MARKET REVENUE FOR PAYMENT WRISTBAND, BY REGION, 2019–2027 ($MILLION)
TABLE 05.WEARABLE PAYMENTS MARKET REVENUE FOR SMART RINGS, BY REGION, 2019–2027 ($MILLION)
TABLE 06.WEARABLE PAYMENTS MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 07.GLOBAL WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 08.WEARABLE PAYMENTS MARKET REVENUE FOR NFC TECHNOLOGY, BY REGION, 2019–2027 ($MILLION)
TABLE 09.WEARABLE PAYMENTS MARKET REVENUE FOR IOS, BY REGION, 2019–2027 ($MILLION)
TABLE 10.WEARABLE PAYMENTS MARKET REVENUE FOR QR & BAR CODE, BY REGION, 2019–2027 ($MILLION)
TABLE 11.WEARABLE PAYMENTS MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 12.GLOBAL WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 13.WEARABLE PAYMENTS MARKET REVENUE FOR GROCERY STORES, BY REGION, 2019–2027 ($MILLION)
TABLE 14.WEARABLE PAYMENTS MARKET REVENUE FOR BAR & RESTAURANTS, BY REGION, 2019–2027 ($MILLION)
TABLE 15.WEARABLE PAYMENTS MARKET REVENUE FOR PHARMACIES/DRUG STORES, BY REGION, 2019–2027 ($MILLION)
TABLE 16.WEARABLE PAYMENTS MARKET REVENUE FOR ENTERTAINMENT, BY REGION, 2019–2027 ($MILLION)
TABLE 17.WEARABLE PAYMENTS MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 18.WEARABLE PAYMENTS MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICA WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 20.NORTH AMERICA WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 21.NORTH AMERICA WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 22.NORTH AMERICA WEARABLE PAYMENTS MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 23.U.S. WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 24.U.S. WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 25.U.S. WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 26.CANADA WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 27.CANADA WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 28.CANADA WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29.EUROPE WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 30.EUROPE WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 31.EUROPE WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 32.EUROPE WEARABLE PAYMENTS MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 33.UK WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 34.UK WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 35.UK WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 36.GERMANY WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 37.GERMANY WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 38.GERMANY WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 39.FRANCE WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 40.FRANCE WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 41.FRANCE WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 42.SPAIN WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 43.SPAIN WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 44.SPAIN WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 45.RUSSIA WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 46.RUSSIA WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 47.RUSSIA WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 48.NETHERLANDS WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 49.NETHERLANDS WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 50.NETHERLANDS WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 51.REST OF EUROPE WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 52.REST OF EUROPE WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 53.REST OF EUROPE WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 54.ASIA-PACIFIC WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 55.ASIA-PACIFIC WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 56.ASIA-PACIFIC WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 57.ASIA-PACIFIC WEARABLE PAYMENTS MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 58.CHINA WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 59.CHINA WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 60.CHINA WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 61.INDIA WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 62.INDIA WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 63.INDIA WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 64.JAPAN WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 65.JAPAN WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 66.JAPAN WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 67.AUSTRALIA WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 68.AUSTRALIA WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 69.AUSTRALIA WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 70.SINGAPORE WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 71.SINGAPORE WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 72.SINGAPORE WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 73.REST OF ASIA-PACIFIC WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 74.REST OF ASIA-PACIFIC WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 75.REST OF ASIA-PACIFIC WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 76.LAMEA WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 77.LAMEA WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 78.LAMEA WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 79.LAMEA WEARABLE PAYMENTS MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 80.LATIN AMERICA WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 81.LATIN AMERICA WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 82.LATIN AMERICA WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 83.MIDDLE EAST WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 84.MIDDLE EAST WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 85.MIDDLE EAST WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 86.AFRICA WEARABLE PAYMENTS MARKET REVENUE, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 87.AFRICA WEARABLE PAYMENTS MARKET REVENUE, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 88.AFRICA WEARABLE PAYMENTS MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 89.ALIBABA GROUP HOLDING LIMITED: COMPANY SNAPSHOT
TABLE 90.ALIBABA GROUP HOLDING LIMITED: OPERATING SEGMENTS
TABLE 91.ALIBABA GROUP HOLDING LIMITED: PRODUCT PORTFOLIO
TABLE 92.APPLE INC.: KEY EXECUTIVES
TABLE 93.APPLE INC.: COMPANY SNAPSHOT
TABLE 94.APPLE INC.: PRODUCT PORTFOLIO
TABLE 95.BARCLAYS PLC.: KEY EXECUTIVES
TABLE 96.BARCLAYS PLC.: COMPANY SNAPSHOT
TABLE 97.BARCLAYS PLC: PRODUCT PORTFOLIO
TABLE 98.FITBIT, INC..: COMPANY SNAPSHOT
TABLE 99.FITBIT, INC.: VIDEO ANALYTICS PRODUCT PORTFOLIO
TABLE 100.GOOGLE LLC: KEY EXECUTIVES
TABLE 101.GOOGLE INC.: COMPANY SNAPSHOT
TABLE 102.GOOGLE LLC: PRODUCT PORTFOLIO
TABLE 103.JAWBONE, INC.: KEY EXECUTIVES
TABLE 104.JAWBONE, INC.: COMPANY SNAPSHOT
TABLE 105.JAWBONE, INC.: PRODUCT PORTFOLIO
TABLE 106.MASTERCARD: KEY EXECUTIVES
TABLE 107.MASTERCARD: COMPANY SNAPSHOT
TABLE 108.MASTERCARD: PRODUCT PORTFOLIO
TABLE 109.SAMSUNG ELECTRONICS CO., LTD.: KEY EXECUTIVES
TABLE 110.SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
TABLE 111.SAMSUNG ELECTRONICS CO., LTD.: OPERATING SEGMENTS
TABLE 112.SAMSUNG ELECTRONICS CO., LTD.: PRODUCT PORTFOLIO
TABLE 113.VISA, INC.: KEY EXECUTIVES
TABLE 114.VISA, INC.: COMPANY SNAPSHOT
TABLE 115.VISA, INC.: PRODUCT PORTFOLIO
TABLE 116.PAYPAL INC.: KEY EXECUTIVES
TABLE 117.PAYPAL INC.: COMPANY SNAPSHOT
TABLE 118.PAYPAL INC.: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.GLOBAL WEARABLE PAYMENTS MARKET, 2019-2027
FIGURE 03.GLOBAL WEARABLE PAYMENTS MARKET, 2019-2027
FIGURE 04.GLOBAL WEARABLE PAYMENTS MARKET: TOP IMPACTING FACTOR
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 08.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE-TO-HIGH COMPETITIVE RIVALRYS
FIGURE 11.PATENT ANALYSIS, BY REGION
FIGURE 12.PATENT ANALYSIS, BY APPLICANT
FIGURE 13.GLOBAL WEARABLE PAYMENTS MARKET, BY TECHNOLOGY, 2019–2027
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR SMART WATCHES, BY COUNTRY, 2019 & 2027(%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR FITNESS TRACKERS, BY COUNTRY, 2019 & 2027(%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR PAYMENT WRISTBAND, BY COUNTRY, 2019 & 2027(%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR SMART RINGS, BY COUNTRY, 2019 & 2027(%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027(%)
FIGURE 19.GLOBAL WEARABLE PAYMENTS MARKET, BY TECHNOLOGY, 2019–2027
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR NFC TECHNOLOGY, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR IOS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR QR & BAR CODE, BY COUNTRY, 2019 & 2027(%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027(%)
FIGURE 24.GLOBAL WEARABLE PAYMENTS MARKET, BY APPLICATION, 2019–2027
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR GROCERY STORES, BY COUNTRY, 2019 & 2027(%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR BAR & RESTAURANTS, BY COUNTRY, 2019 & 2027(%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR PHARMACIES/DRUG STORES, BY COUNTRY, 2019 & 2027(%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR ENTERTAINMENT, BY COUNTRY, 2019 & 2027(%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF WEARABLE PAYMENTS MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027(%)
FIGURE 30.U.S. WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 31.CANADA WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 32.UK WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 33.GERMANY WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 34.FRANCE WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 35.SPAIN WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 36.RUSSIA WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 37.NETHERLANDS WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 38.REST OF EUROPE WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 39.CHINA WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 40.INDIA WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 41.JAPAN WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 42.AUSTRALIA WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 43.SINGAPORE WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 44.REST OF ASIA-PACIFIC WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 45.LATIN AMERICA WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 46.MIDDLE EAST WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 47.AFRICA WEARABLE PAYMENTS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 48.ALIBABA GROUP HOLDING LIMITED: KEY EXECUTIVES
FIGURE 49.ALIBABA GROUP HOLDING LIMITED: REVENUE, 2017–2019 ($BILLION)
FIGURE 50.ALIBABA GROUP HOLDING LIMITED: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 51.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 52.APPLE INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 53.APPLE INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 54.BARCLAYS PLC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 56.BARCLAYS PLC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 57.FITBIT, INC.: KEY EXECUTIVES
FIGURE 58.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 59.ALPHABET INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 60.ALPHABET INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 61.ALPHABET INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 62.MASTERCARD: REVENUE, 2017–2019 ($MILLION)
FIGURE 63.MASTERCARD: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 64.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 65.SAMSUNG ELECTRONICS CO., LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 66.SAMSUNG ELECTRONICS CO., LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 67.SAMSUNG ELECTRONICS CO., LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 68.VISA, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 69.VISA, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 70.PAYPAL INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 71.PAYPAL INC.: REVENUE SHARE BY REGION, 2019 (%)
The adoption of wearable payments has increased over time, due to rise in adoption of wearable devices, contactless payment cards & smartphones, and ease of transactions as compared to traditional banks. In addition, various retailers across the developed nations have adopted contactless payments to provide an enhanced customer experience and to increase the adoption of contactless payments in the emerging countries of Asia-Pacific such as India and China.
Furthermore, technological advancements and increase in awareness about wearable payments and contactless payments among the consumers can lead to a rapid growth during the forecast period. In addition, surge in adoption of near-field communication (NFC) technology in various sectors such as transport and entertainment is anticipated to providing lucrative opportunity for the market.
Increase in economic strength of developing nations such as China and India is expected to provide lucrative opportunities for the market growth. Europe is expected to dominate the market during the forecast period. Moreover, countries in Asia-Pacific and North America are projected to offer significant growth opportunities during the forecast period.
The global players are focusing toward product development and increasing their geographical presence, owing to growth in competition among local vendors, in terms of features, quality, and price. In addition, these players are adopting various business strategies to enhance their product offerings and strengthen their foothold in the market. For instance, in June 2020, Mastercard launched new Soft POS terminal for mobile users and merchants to enable faster payment processing options and to increase the security of the devices.
Q1. At what CAGR, the Global Wearable Payments Market will expand from 2020 - 2027?
A. The Global Wearable Payments Market is expected to grow at a CAGR of 21.7% from 2020 to 2027.
Q2. What will be the market value of Wearable Payments Market by the end of 2027?
A. The Wearable Payments Market is projected to reach $1.37 trillion by 2027.
Q3. How can I get sample report of Wearable Payments Market?
A. To get the latest version of sample report
Q4. Which are the factors that drives Wearable Payments Market Growth?
A. Increase in adoption of cashless payments across the globe and rise in demand for wearable devices along with contactless payment for secure and safer payment transaction drive the Wearable Payments market growth.
Q5. Who are the leading players in Wearable Payments Market?
A. The key players profiled in the report include Alibaba Group, Apple Inc., Barclays Plc., Fitbit Inc., Google Inc., Jawbone, Mastercard, PayPal Inc. Samsung Electronics Co. Ltd., and Visa Inc.
Q6. How can I get company profiles of top ten players of Wearable Payments Market?
A. On the basis of top growing big corporations, we select top 10 players.
Q7. What are the segments of Wearable Payments Market?
A. The Wearable Payments Market is segmented on the basis of device type, technology, application, and region.
Q8. What are the key growth strategies of Wearable Payments Market Players?
A. The key growth strategies of Wearable Payments market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
Q9. By Device Type, which segment would exhibit the highest CAGR during 2020 - 2027?
A. Smart Ring segment would exhibit the highest CAGR of 23.6% during 2020 - 2027.
Q10. By Technology, which segment is projected to be the most lucrative segment?
A. Near-Field Communication Technology is projected to be the most lucrative segment.
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