The Wearable Payment Device market size is projected to reach a CAGR of 13.8% from 2022 to 2028.
Wearable Payment Device are wearables like watches and bands usually wore on the wrist with embedded technology of payment. Theses provide the ease of contactless payment to the user and are fashionable, trendy, fast and convenient at the same time. It uses the method of online payment to make the payments. These wearables don’t just have the power of payment but can also track heart beats and the distance walked by a person.
As the contactless payments are gaining popularity due to the pandemic along with the more secured technology coming in the market are some of the factors that have supported long-term expansion for Wearable Payment Device Market.
COVID-19 had a marginal effect on the market, rather it has boosted the use of wearable devices for concerning the health issues.
APAC is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the low-priced wearables along with the increasing population in the region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 13.8% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
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Report Segmentation |
Device Type, Technology, Sales Channel, Application and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Apple, Inc., Barclays PLC, Gemalto NV, Google LLC, Mastercard, Nymi, PayPal Holdings Inc., Samsung Electronics, Visa Inc., Wirecard |
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Available Customization |
In addition to the market data for Wearable Payment Device Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Wearable Payment Device Market is segmented into Device Type, Technology, Sales Channel, Application and region.
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