A new Report by Delvens, titled "Wearable Payment Device Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market, The Wearable Payment Device market size is projected to reach a CAGR of 13.8% to 2028.
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Regional Analysis
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.
Recent Developments
In January 2021, Fitbit Inc was acquired by Google LLC to demark its entry in the sector of wearable payment device market.
Key Players of Wearable Payment Device Market:
· Apple, Inc.
· Barclays PLC
· Gemalto NV
· Google LLC
· Mastercard
· Nymi
· PayPal Holdings Inc.
· Samsung Electronics
· Visa Inc.
· Wirecard and More
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.
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Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Wearable Payment Device Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Wearable Payment Device Market is segmented into Device Type, Technology, Sales Channel, Application and region.
On the basis of Type
· Fixed CMM
· Portable CMM
On the basis of Technology
· Near Field Communication Technology (NFC)
· Radio Frequency Identification (RFID)
· QR & Barcode
On the basis of Sales Channel
· Direct Sales
· Indirect Sales
On the basis of Application
· Retail/Grocery Stores
· Restaurants
· Hospitals/Pharmacies
· Entertainment Centers
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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