Press release
Wearable Payment Device Market 2022 SWOT Analysis and Key Business Strategies by Leading Players - American Express, Barclays, Apple
Wearable payment device market size is projected to grow from USD 41.0 billion in 2021 to USD 82.0 billion by 2026; it is expected to grow at a CAGR of 12.2% from 2022 to 2028.Global "Wearable Payment Device Market" report provides a meticulous analysis of market dynamics, current developments, and trending business strategies. This report gives a comprehensive analysis of different segments on the basis of type, application, and region. It Offers Qualitative and Quantitative Analysis of Market Size, Share, Future Growth Opportunities, and Current Trends. This comprehensive research offers a detailed analysis of market development and growth factors, product launches, joint ventures, mergers, and acquisitions. The study recalibrates the impact of macroeconomic and microeconomic factors that has the potential to impact the expansion of the Wearable Payment Device market. Additionally, this report highlights the challenges impeding market growth and expansion strategies employed by leading companies in the Wearable Payment Device Market.
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Top Companies in the Global Wearable Payment Device Market: -
American Express, Barclays, Apple, Samsung, LG Electronics, Xiaomi, Huawei, Fossil Group, GOQii *
Market Overview:
The growing adoption of contactless cards and wearable devices as a result of the COVID-19 situation, emerging demand for contactless payment for secure and safer payment transactions, and the growing adoption of NFC technology are all driving the growth of the Wearable Payment Device Market. Wearable devices such as watches, wristbands, and smart rings have become increasingly popular in recent years. They can detect, analyze, and transmit data about the body's vital signs. They are internet of things (IoT)-enabled devices in which data is actively exchanged with the operator, manufacturer, and other connected devices. These gadgets can also be used to make contactless payments. People have been wary of using physical cards for payment at retail outlets since the start of the COVID-19 pandemic because it carries the risk of infection. People's first choice for making safer transactions is contactless payment using wearable technology and smartphones.
Industry news And Development:
January 2021, Google LLC has acquired Fitbit Inc. to enter the wearable payment device market, for USD 2.1 billion in an all-cash deal. This acquisition is a move that could shore up the internet giant's hardware business while increasing antitrust scrutiny.
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Global Wearable Payment Device Market Segmentation by Types:
Smart Watches
Wrist Bands
Smart Rings
Others
Global Wearable Payment Device Market Segmentation by Applications:
Online
Offline
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
Table of content:
- Wearable Payment Device Market Overview
-Global Wearable Payment Device Market Competition by Manufactures
-Global Wearable Payment Device Production Market Share by Regions
-Global Wearable Payment Device Consumption by Regions
-Global Wearable Payment Device Production, Revenue, Price Trend by Type
-Global Wearable Payment Device Market Analysis by Applications
-Company Profiles and Key Figures in Wearable Payment Device Business
- Wearable Payment Device Manufacturing Cost Analysis
-Marketing Channel, Distributors and Customers
-Market Dynamics
-Global Wearable Payment Device Market Forecast
-Research Findings and Conclusion
-Methodology and Data Source
Continue…
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Market Size Forecasts: The authors of the report have provided accurate estimation of the global Wearable Payment Device market size based on value and volume
Market Trend Analysis: This section of the report throws light on the approaching trends and developments in the global Wearable Payment Device market
Future Prospects: The report here offers crucial information on the rewarding opportunities in the global Wearable Payment Device market
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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