Wearable payment refers to transactions between wearable devices and contactless payment terminals like NFC. NFC is a standard-based short-range (about 10 cm) connectivity that uses high-frequency wireless communication technology. This technology enables peer-to-peer communication between two devices, by bringing them in close proximity. End-users use this technology to transfer information from their devices to contactless payment terminals such as smartphones and NFC tags. The technology involves a direct transfer of data between wearable devices and POS devices.
According to the report, one of the primary drivers in the market is declining cost of NFC technology. The global wearable payment market is driven by the declining cost of NFC technology. The technology has become more affordable for device manufacturers that integrate the technology into wearable devices. In addition, as the number of vendors offering wearable devices is increasing, it is likely to support the growth of the wearable payment in the coming years. The declining price of NFC technology and the growth of the NFC ecosystem that supports various NFC applications have encouraged vendors to integrate NFC technology into wearable devices. Jawbone launched the fitness device UP4, which is integrated with payment technology. This will likely encourage more people to adopt NFC-enabled wearable devices, which will in turn, drive the growth of the global wearable payment market during the forecast period.
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The global Wearable Payment market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Wearable Payment volume and value at global level, regional level and company level. From a global perspective, this report represents overall Wearable Payment market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Wearable Payment Market report are Apple, Jawbone, Google, MasterCard, Samsung Electronics, Visa Alibaba, American Express, Barclays and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 Wearable Payment Market Overview
2 Global Wearable Payment Market Competition by Manufacturers
3 Global Wearable Payment Production Market Share by Regions
4 Global Wearable Payment Consumption by Regions
5 Global Wearable Payment Production, Revenue, Price Trend by Type
6 Global Wearable Payment Market Analysis by Applications
7 Company Profiles and Key Figures in Wearable Payment Business
8 Wearable Payment Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Wearable Payment Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source