Wearable Payment Devices Market Showing Impressive Growth During Forecast Period 2021 - 2031
Global Wearable Payment Devices Market Is Expected to Reach $158.8 Billion by 2031: Allied Market Research
Trends in the wearable payment devices market include the rise of NFC-based mobile commerce globally and the shift from traditional to digital payment systems in developing nations.”
WILMINGTON, DE, UNITED STATES, September 11, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global wearable payment devices market was estimated at $47.1 billion in 2021 and is expected to hit $158.8 billion by 2031, registering a CAGR of 13.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. — Allied Market Research
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ โฏ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.alliedmarketresearch.com/request-sample/16039
The report offers a detailed segmentation of the global wearable payment devices market based on device type, technology, application, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped into to achieve growth in the coming years.
Based on device type, the fitness trackers segment held the largest share in 2021, garnering nearly three-fifths of the global wearable payment devices market revenue, and is projected to maintain its dominance by 2031. The smartwatches segment, however, would cite the fastest CAGR of 14.75% throughout the forecast period. The payment wristbands and smart rings segments are also analyzed throughout the report.
Based on application, the retail and grocery stores segment accounted for the highest share in 2021, generating more than two-fifths of the global wearable payment devices market revenue, and is projected to rule the roost by 2031. However, the hospitals & pharmacies segment showcases the fastest CAGR of 14.8% during the forecast period. The entertainment centers and restaurants & bars segments are also discussed in the report.
Based on technology, the QR and barcode segment contributed to nearly three-fifths of the global wearable payment devices market revenue and is projected to rule the roost by 2031. However, the near-field communication technology (NFC) would portray the fastest CAGR of 14.41% throughout the forecast period. The radio frequency identification (RFID) segment is also studied in the report.
Based on region, Asia-Pacific held the major share in 2021, garnering nearly half of the global wearable payment devices market revenue, and is projected to maintain the lionโs share by 2031. Simultaneously, the same region would display the fastest CAGR of 14.23% throughout the forecast period. The other provinces studied in the report include North America, Europe, and LAMEA.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ) @ https://www.alliedmarketresearch.com/checkout-final/9d28ed77f7f50b7e60204b66128a1e7f?utm_source=AMR&utm_medium=research&utm_campaign=P19623
The key market players analyzed in the global wearable payment devices market report include PayPal Holdings, Inc., Visa, Inc., Mastercard Inc., Fitbit (Google), Xiaomi Corporation, Samsung Electronics Co. Ltd., Apple Inc., Garmin Ltd., Google LLC, Tappy Technology Ltd, and Barclays. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, product portfolio, and developments by the market players.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ
- This study comprises an analytical depiction of the wearable payment devices market size along with the current trends and future estimations to depict the imminent investment pockets.โฏ
- The overall wearable payment devices market analysis is determined to understand the profitable trends to gain a stronger foothold.โฏ
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.โฏ
- The wearable payment devices market forecast is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.โฏ
- Porterโs five forces analysis illustrates the potency of the buyers and suppliers in the wearable payment devices market.โฏ
- The report includes the share of key vendors and market trends.โฏ
๐๐๐๐ซ๐๐๐ฅ๐ ๐๐๐ฒ๐ฆ๐๐ง๐ญ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญโฏ๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
๐๐๐ฏ๐ข๐๐ ๐๐ฒ๐ฉ๐
Fitness Trackers
Smart Watches
Payment Wristbands
Smart Rings
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Retail and Grocery Stores
Entertainment Centers
Restaurants and Bars
Hospitals and Pharmacies
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
Near-field Communication Technology (NFC)
Radio Frequency Identification (RFID)
QR and Barcode
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง
North Americaโฏ (U.S., Canada, Mexico)
Europeโฏ (UK, Germany, France, Rest of Europe)
Asia-Pacificโฏ (China, Japan, India, South Korea, Rest of Asia-Pacific)
LAMEAโฏ (Latin America, Middle East, Africa)
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐๐ฅ ๐๐๐ญ๐ ๐๐ง๐ ๐๐ซ๐๐ฉ๐ก๐ฌ, ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ' ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ: https://www.alliedmarketresearch.com/wearable-payment-devices-market/purchase-options
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฆ๐ข๐๐จ๐ง๐๐ฎ๐๐ญ๐จ๐ซ ๐๐ง๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:โฏโฏ
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality โMarket Research Reportsโ and โBusiness Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.โฏโฏ
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality of data and help clients in every way possible to achieve success. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.โฏโฏ
David Correa
Allied Market Research
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