About Wearable Payment
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.
Technavio’s analysts forecast the global wearable payment market to grow at a CAGR of 59.44% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global wearable payment market for 2016-2020. To calculate the market size, the report provides a detailed forecast of the market transaction revenue and shipment of wearable payment devices.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Wearable Payment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Apple
• Jawbone
• Google
• MasterCard
• Samsung Electronics
• Visa
Other prominent vendors
• Alibaba Group
• American Express
• Barclays
• Broadcom
• Fitbit
• Gemalto
• Infineon Technologies
• Inside Secure
• MediaTek
• Microsoft
• NXP Semiconductors
• Qualcomm
• PayPal
• Renesas Electronics
• Sony
• Xiaomi
Market driver
• Growing adoption of contactless payments.
• For a full, detailed list, view our report
Market challenge
• Lack of interoperability of NFC technology.
• For a full, detailed list, view our report
Market trend
• Rising adoption of contactless payments in APAC and Africa.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Content
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• End-user segment
• Base year and forecast period
• Vendor selection criteria
• Summation error
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Product life cycle
• Contactless payment transaction system
• Global wearable payment market
• Five forces analysis
PART 06: Market segmentation by device
• Global wearable payment market by device
• Global smartwatch payment market
• Global fitness band payment market
PART 07: Buying criteria
PART 08: Geographical segmentation
• Global wearable payment market by geography
• Wearable payment market in Americas
• Wearable payment market in EMEA
• Wearable payment market in APAC
PART 09: Market attractiveness
• Market attractiveness by device
• Market attractiveness by geography
PART 10: Key leading country
• US
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
• Competitive scenario
• Key leading vendors
• Other prominent vendors
PART 17: Appendix
• List of abbreviations
PART 18: Explore Technavio
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List of Exhibits
Exhibit 01: Key regions in global wearable payment market
Exhibit 02: Product offerings
Exhibit 03: Overview of global wearable payment market
Exhibit 04: Product life cycle of wearable payment 2015 and 2020
Exhibit 05: Contactless payment ecosystem
Exhibit 06: Global wearable payment market 2015-2020 ($ billions)
Exhibit 07: Global wearable payment device market 2015-2020 (millions of units)
Exhibit 08: Five forces analysis
Exhibit 09: Global wearable payment market by device 2015-2020 (% share)
Exhibit 10: Revenue comparison of global wearable payment market by device 2015-2020 ($ billions)
Exhibit 11: CAGR comparison of global wearable payment market by device 2015-2020
Exhibit 12: Global smartwatch payment market 2015-2020 ($ billions)
Exhibit 13: Global fitness band payment market 2015-2020 ($ billions)
Exhibit 14: Buying criteria for wearable payment
Exhibit 15: Global wearable payment market by geography 2015-2020 (% share)
Exhibit 16: Revenue comparison of global wearable payment market by geography 2015-2020 ($ billions)
Exhibit 17: CAGR comparison of global wearable payment market by geography 2015-2020
Exhibit 18: Wearable payment market in Americas 2015-2020 ($ billions)
Exhibit 19: Wearable payment market in EMEA 2015-2020 ($ billions)
Exhibit 20: Wearable payment market in APAC 2015-2020 ($ billions)
Exhibit 21: Market attractiveness by device
Exhibit 22: Market attractiveness by geography
Exhibit 23: Impact of drivers
Exhibit 24: Global contactless payment market by mobile devices 2015-2020 ($ billions)
Exhibit 25: Impact of drivers and challenges
Exhibit 26: Other prominent vendors
