Contactless Payment Ring Market, By Type (NFC-Enabled Rings, Biometric Rings, and RFID-Enabled Rings), By Payment Method (Credit/Debit Card, Mobile Wallet, and Others), By End User (Individual Users and Corporate/Enterprise Users), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
The global contactless payment ring market is witnessing high growth due to the rising demand for convenient and secure payment solutions. Contactless payment rings allow users to pay for their transactions by waving their hand near a payment terminal instead of using debit/credit cards, which offers greater convenience. Advancements in near-field communication (NFC) technology have made it possible to integrate a small NFC chip within a wearable device like a ring, enabling contactless payments. Furthermore, factors such as rising adoption of digital payment modes, growing e-commerce sales, increasing penetration of smartphones, and developing payment infrastructure are fueling the demand for innovative payment solutions like contactless rings.
Market Dynamics:
The global contactless payment ring market is driven by growing preference for convenient payment options and rise in mobile commerce. Contactless payment rings provide secure and swift transaction experience to users. Moreover, rapid urbanization, improving economic conditions, and increasing internet penetration in developing nations are creating new opportunities in mobile commerce, which is accelerating the sales of NFC-enabled payment rings. However, data privacy and security concerns as well as high costs associated with contactless payment infrastructure could hamper the market growth. Ongoing technological advancements in NFC technology are expected to boost the performance and capabilities of contactless payment rings, offering new opportunities over the forecast period.
Key Features of the Study:
Detailed Segmentation-
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Payment Method
- Market Snippet, By End User
- Market Snippet, By Region
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New System Launches/Approvals
- Impact of COVID-19 Pandemic
- 4. Global Contactless Payment Ring Market, By Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- NFC-Enabled Rings
- Introduction
- Market Size and Forecast, 2019–2031, (US$ Bn)
- Biometric Rings
- Introduction
- Market Size and Forecast, 2019–2031, (US$ Bn)
- RFID-Enabled Rings
- Introduction
- Market Size and Forecast, 2019–2031, (US$ Bn)
- 5. Global Contactless Payment Ring Market, By Payment Method, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Credit/Debit Card
- Introduction
- Market Size and Forecast, 2019–2031, (US$ Bn)
- Mobile Wallet
- Introduction
- Market Size and Forecast, 2019–2031, (US$ Bn)
- Others (Prepaid, Loyalty, etc.)
- Introduction
- Market Size and Forecast, 2019–2031, (US$ Bn)
- 6. Global Contactless Payment Ring Market, By End User, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Individual Users
- Introduction
- Market Size and Forecast, 2019–2031, (US$ Bn)
- Corporate/Enterprise Users
- Introduction
- Market Size and Forecast, 2019–2031, (US$ Bn)
- 7. Global Contactless Payment Ring Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- North America
- Regional Trends
- Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Payment Method, 2019–2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Payment Method, 2019–2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Payment Method, 2019–2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Payment Method, 2019–2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- Regional Trends
- Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Payment Method, 2019–2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
- Israel
- GCC Countries
- Rest of the Middle East
- Africa
- Regional Trends
- Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Payment Method, 2019–2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
- South Africa
- North Africa
- Central Africa
- 8. Competitive Landscape
- Company Profiles
- Adyen
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Alipay
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- American Express Company
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Apple Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Amazon.com, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Block
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Discover
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Giesecke & Devrient GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Infineon
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Ingenico
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- MasterCard
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- PayPal Holdings Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Phone Pe
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Samsung Pay
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Thales
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Visa Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- 9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 10. Research Methodology
- References
- Research Methodology
- About us and Sales Contact
- *Browse 60 market data tables and 40 figures on Contactless Payment Ring Market - Global forecast to 2031 ”
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook