Wearable Payment Market Global 2016 Industry Research, Forecast and Analysis to 2020
ReportsnReports.com adds a new research report Global Wearable Payment Market 2016-2020. 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.
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.
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This analyst forecast the global wearable payment market to grow at a CAGR of 59.44% during the period 2016-2020. 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.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Key vendors
- Apple
- Jawbone
- 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.
Market challenge
- Lack of interoperability of NFC technology.
Market trend
- Rising adoption of contactless payments in APAC and Africa.
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?
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