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Wearable Payment Market Global 2016 Industry Research, Forecast and Analysis to 2020

Monday, November 28, 2016 4:03
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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.

For More Information Inquire at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=759356

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
  • 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.

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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