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 Ame
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:
This report provides in-depth analysis of the global contactless payment ring market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global contactless payment ring market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Adyen, Alipay, American Express Company, Apple Inc., Amazon.com, Inc., Block, Discover, Giesecke & Devrient GmbH, Infineon, Ingenico, MasterCard, PayPal Holdings Inc., Phone Pe, Samsung Pay, Thales, and Visa Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global contactless payment ring market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global contactless payment ring market
Detailed Segmentation-
By Type Insights (Revenue, USD Bn, 2019 - 2031)
NFC-Enabled Rings
Biometric Rings
RFID-Enabled Rings
By Payment Method Insights (Revenue, USD Bn, 2019 - 2031)
Credit/Debit Card
Mobile Wallet
Others (Prepaid, Loyalty, etc.)
By End User Insights (Revenue, USD Bn, 2019 - 2031)
Individual Users
Corporate/Enterprise Users
Regional Insights (Revenue, USD Bn 2019 - 2031)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
Adyen
Alipay
American Express Company
Apple Inc.
com, Inc.
Block
Discover
Giesecke & Devrient GmbH
Infineon
Ingenico
MasterCard
PayPal Holdings Inc.
Phone Pe
Samsung Pay
Thales
Visa Inc.
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
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