Wearable Payments Market By Device Type (Smart Watches, Fitness Trackers, Payment Wristbands, Smart Rings and Others), Technology (Near-field Communication Technology (NFC), Radio Frequency Identification (RFID), QR & Bar Codes and Others), and Application (Grocery Stores, Bar & Restaurants, Pharmacies/Drug Stores, Entertainment Centers and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider Wearable Payments market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Wearable Payments market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). - In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Wearable payment technology facilitates transactions with the use of various wearable devices such as smart watches, rings, wristbands, and fitness bands. In addition, different companies have introduced new wearable devices, which connect the customers with their bank account. Furthermore, shift in preference toward wearable payments among various industries to increase the convenience of customers is a major factor, which drives the growth of the global wearable payments market.
In addition, many companies are adopting wearable payments technology to improve their customers experience by removing the burden of handling cash and worrying about pick pocketing. Moreover, many transport and retail industries are adopting wearable technology to provide more efficient and straightforward experience to customers, which boosts the growth of the market.
Increase in adoption of cashless payments across the globe and rise in demand for wearable devices and contactless payments cards for secure and safer payment transaction are the significantly contribute toward the growth of the market. In addition, wearable payments provide enhanced customer experience and more convenient shopping experience to the customers, which fuel the growth of the market.
However, high cost of wearable devices and limited battery life of wearable devices hamper the growth of the market. Conversely, increase in usage of usage of near-field communication technology (NFC), radio frequency identification (RFID), and host card emulation technology in wearable payments is expected to provide lucrative opportunity for the market expansion during the forecast period.
The global wearable payments market is segmented into device type, technology, application, and region. In terms of device type, it is fragmented into smart watches, fitness tracker, payment wristbands, smart rings and others. By technology, it is segregated into near-field communication technology (NFC), radio frequency identification (RFID), QR & bar code and others. The applications covered in the study include grocery stores, bar & restaurants, pharmacies/drug stores, entertainment centers and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the wearable payments market analysis are Alibaba Group, Apple Inc., Barclays Plc., Fitbit, Inc., Google, Inc., Jawbone, Mastercard, PayPal, Inc. Samsung Electronics Co. ltd., and Visa Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the global wearable payments market forecast along with the current & future trends to elucidate the imminent investment pockets.
- Information about the key drivers, restraints, and opportunities and their impact analysis on the global wearable payments market size is provided in the report.
- Porter;s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2020 to 2027 is provided to determine the market potential.
Wearable Payments Market Key Segments
By Device Type
- Smart Watches
- Fitness Tracker
- Payment Wristbands
- Smart Rings
- Near-field Communication Technology (NFC)
- Radio Frequency Identification (RFID)
- QR & Bar Codes
- Grocery Stores
- Bar & Restaurants
- Pharmacies/Drug Stores
- Entertainment Centers
Key Market Players
- Alibaba Group
- Apple Inc.
- Barclays Plc.
- Fitbit Inc.
- Google, Inc.
- PayPal Inc.
- Samsung Electronics Co. Ltd.
- Visa Inc.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Market Behavior/ Level of Risk and Opportunity
End Industry Behavior/ Opportunity Assessment
Expected Industry Recovery Timeline
Business Impact Horizon
Opening of Economy by Q3 2020
Recovery - Opening of Economy extended till Q4 2020 / Q1 2021
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?
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Key Points Covered in Wearable Payments Market Report:
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.3.Analyst tools & models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.1.Top impacting factors
2.1.2.Top investment pockets
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping global wearable payments market
184.108.40.206.Increase in adoption of cashless payments across the globe
220.127.116.11.Emerging demand for wearable devices and contactless payment for secure and safer payment transaction
18.104.22.168.Wearable payment provides enhanced customer experience
22.214.171.124.High costs of wearable devices
126.96.36.199.Risk of stolen and limited battery life of wearable devices
188.8.131.52.Growth in usage of NFC, RFID and host card emulation technology in wearable payments
3.4.COVID-19 impact analysis on wearable payments market
3.4.1.Impact on wearable payments market size
3.4.2.Change in end user trends, budgets, and preferences
3.4.3.Regulatory framework for solving market challenges faced by wearable payment providers
3.4.4.Economic impact on wearable payment service providers
3.4.5.Strategies to tackle negative impact in the industry
3.5.1.By Region (2010-2019)
CHAPTER 4:GLOBAL WEARABLE PAYMENTS MARKET, BY DEVICE TYPE
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country
4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country
4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis, by country
CHAPTER 5:GLOBAL WEARABLE PAYMENTS MARKET, BY TECHNOLOGY
5.2.Near Field Communication Technology (NFC)
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.RFID (Radio Frequency Identification)
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
5.4.QR & Bar Code
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country
CHAPTER 6:GLOBAL WEARABLE PAYMENTS MARKET, BY APPLICATION
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country
6.3.Bar & Restaurants
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country
CHAPTER 7:GLOBAL WEARABLE PAYMENTS MARKET, BY REGION
7.1.1.Market size and forecast, by region
7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market analysis by device type
7.2.3.Market analysis by technology
7.2.4.Market analysis by application
7.2.5.Market analysis by Country
184.108.40.206.1.Market size and forecast, by device type
220.127.116.11.2.Market size and forecast, by technology
18.104.22.168.3.Market size and forecast, by application
22.214.171.124.1.Market size and forecast, by device type
126.96.36.199.2.Market size and forecast, by technology
188.8.131.52.3.Market size and forecast, by application
7.3.1.Key market trends, growth factors and opportunities
7.3.2.Market analysis by device type
7.3.3.Market analysis by technology
7.3.4.Market analysis by application
7.3.5.Market analysis by Country
184.108.40.206.1.Market size and forecast, by device type
220.127.116.11.2.Market size and forecast, by technology
18.104.22.168.3.Market size and forecast, by application
22.214.171.124.1.Market size and forecast, by device type
126.96.36.199.2.Market size and forecast, by technology
188.8.131.52.3.Market size and forecast, by application
184.108.40.206.1.Market size and forecast, by device type
220.127.116.11.2.Market size and forecast, by technology
18.104.22.168.3.Market size and forecast, by application
22.214.171.124.1.Market size and forecast, by device type
126.96.36.199.2.Market size and forecast, by technology
188.8.131.52.3.Market size and forecast, by application
184.108.40.206.1.Market size and forecast, by device type
220.127.116.11.2.Market size and forecast, by technology
18.104.22.168.3.Market size and forecast, by application
22.214.171.124.1.Market size and forecast, by device type
126.96.36.199.2.Market size and forecast, by technology
188.8.131.52.3.Market size and forecast, by application
184.108.40.206.REST OF EUROPE
220.127.116.11.1.Market size and forecast, by device type
18.104.22.168.2.Market size and forecast, by technology
22.214.171.124.3.Market size and forecast, by application
7.4.1.Key market trends, growth factors and opportunities
7.4.2.Market analysis by device type
7.4.3.Market analysis by technology
7.4.4.Market analysis by application
7.4.5.Market analysis by Country
126.96.36.199.1.Market size and forecast, by device type
188.8.131.52.2.Market size and forecast, by technology
184.108.40.206.3.Market size and forecast, by application
220.127.116.11.1.Market size and forecast, by device type
18.104.22.168.2.Market size and forecast, by technology
22.214.171.124.3.Market size and forecast, by application
126.96.36.199.1.Market size and forecast, by device type
188.8.131.52.2.Market size and forecast, by technology
184.108.40.206.3.Market size and forecast, by application
220.127.116.11.1.Market size and forecast, by device type
18.104.22.168.2.Market size and forecast, by technology
22.214.171.124.3.Market size and forecast, by application
126.96.36.199.1.Market size and forecast, by device type
188.8.131.52.2.Market size and forecast, by technology
184.108.40.206.3.Market size and forecast, by application
220.127.116.11.REST OF ASIA-PACIFIC
18.104.22.168.1.Market size and forecast, by device type
22.214.171.124.2.Market size and forecast, by technology
126.96.36.199.3.Market size and forecast, by application
7.5.1.Key market trends, growth factors and opportunities
7.5.2.Market analysis by device type
7.5.3.Market analysis by technology
7.5.4.Market analysis by application
7.5.5.Market analysis by Country
188.8.131.52.1.Market size and forecast, by device type
184.108.40.206.2.Market size and forecast, by technology
220.127.116.11.3.Market size and forecast, by application
18.104.22.168.1.Market size and forecast, by device type
22.214.171.124.2.Market size and forecast, by technology
126.96.36.199.3.Market size and forecast, by application
188.8.131.52.1.Market size and forecast, by device type
184.108.40.206.2.Market size and forecast, by technology
220.127.116.11.3.Market size and forecast, by application
CHAPTER 8:COMPANY PROFILES
8.1.ALIBABA GROUP HOLDING LIMITED
8.1.4.Operating business segments
8.1.7.Key strategic moves and developments
8.2.7.Key strategic moves and developments
8.3.6.Key strategic moves and developments
8.4.5.Key strategic moves and developments
8.5.7.Key strategic moves and developments
8.7.6.Key strategic moves and developments
8.8.SAMSUNG ELECTRONICS CO., LTD.
8.8.4.Operating business segments
8.8.8.Key strategic moves and developments
8.9.6.Key strategic moves and developments
8.10.6.Key strategic moves and developments
........and view more in complete table of Contents
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Tel: +1 888 212 3539 (US - TOLL FREE)