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Wearable Payment Device Market Size- By Device, By Technology, By Sales Channel, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Publisher SPER Market Research Pvt. Ltd.
Published Feb 22, 2023
Length 253 Pages
SKU # SPER18067129

Description

Wearable Payment Device Market Size- By Device, By Technology, By Sales Channel, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032


Global Wearable Payment Device Market Overview

According to SPER Market Research, the Global Wearable Payment Device Market is estimated to reach USD 179.11 billion by 2032 with a CAGR of 13.85%. Anything that can be fastened to the body and used to accept payments of any kind is a wearable. Smartwatches and fitness trackers are the two wearables that are most commonly utilised. They connect a gadget to a user's bank account via platforms like Apple Pay and Samsung Pay. Also, with innovations like smartwatches, virtual reality and augmented reality, smart jackets, and a wide range of other gadgets, we are moving towards a more linked existence.

Impact of COVID-19 on the Global Wearable Payment Device Market

The Covid-19 pandemic has had a complex impact on the global wearable payment device market. While the reduced demand for these devices due to decreased foot traffic in physical stores has presented challenges, the pandemic has also accelerated the adoption of digital payments and contactless payment options. This has led to increased demand for wearable payment devices that provide these features, creating new opportunities for growth and investment.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032

Segments coveredBy Application, By Device, By Sales Channel, By Technology.

Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered

Apple Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Fitbit Inc. (US), Garmin AB (Switzerland), Xiaomi Corporation (China), Google LLC (US), PayPal Holding Inc. (US), Barclays PLC (UK), MasterCard, VISA Inc. (US), Tappy Technologies Ltd. (US)

Global Wearable Payment Device Market Segmentation:

By Application:Based on the Application, Global Wearable Payment Device Market is segmented as; Retail/Grocery Stores, Restaurants, Hospitals/Pharmacies, Entertainment Centers

By Technology:Based on the Technology, Global Wearable Payment Device Market is segmented as; Near-field Communication Technology (NFC), Radio Frequency Identification (RFID), QR & Bar Codes

By Region:The Global Wearable Payment Device Market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States

Table of Contents

253 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Wearable Payment Device Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Wearable Payment Device Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wearable Payment Device Market
7. Global Wearable Payment Device Market, By Application, 2019-2032 (USD Million)
7.1 Entertainment Centers
7.2 Hospitals/Pharmacies
7.3 Restaurants
7.4 Retail/Grocery Stores
8. Global Wearable Payment Device Market, By Device, 2019-2032 (USD Million)
8.1 Fitness Tracker
8.2 Payment Wristbands
8.3 Smart Rings
8.4 Smart Watches
9. Global Wearable Payment Device Market, By Sales Channel, 2019-2032 (USD Million)
9.1 Direct Sales
9.2 Indirect Sales
10. Global Wearable Payment Device Market, By Technology, 2019-2032 (USD Million)
10.1 Near-field Communication Technology (NFC)
10.2 QR & Bar Codes
10.3 Radio Frequency Identification (RFID)
11. Global Wearable Payment Device Market, By Region, 2019-2032 (USD Million)
11.1 Global Wearable Payment Device Market Size and Market Share by Region (2019-2025)
11.2 Global Wearable Payment Device Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 Apple Inc. (US)
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Samsung Electronics Co., Ltd. (South Korea)
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Fitbit Inc. (US)
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Garmin AB (Switzerland)
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Xiaomi Corporation (China)
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Google LLC (US)
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 PayPal Holding Inc. (US)
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Barclays PLC (UK)
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 MasterCard
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 VISA Inc. (US)
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Tappy Technologies Ltd. (US)
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope

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