Wearable Payment Device Market
Wearable Payment Device Market Forecasts to 2030 - Global Analysis By Device Type (Smart Watches, Fitness Trackers and Other Device Types), Technology (Near Field Communication Technology (NFC), Radio Frequency Identification (RFID), Contactless Point of Sale (POS) Terminals and Other Technologies), Sales Channel, Application and By Geography
According to Stratistics MRC, the Global Wearable Payment Device Market is accounted for $62.61 billion in 2023 and is expected to reach $169.62 billion by 2030 growing at a CAGR of 15.3% during the forecast period. Technologically advanced wearable accessories that enable contactless payments, such as smart watches, fitness bands, and other wearable accessories, is known as the wearable payment device. These wearable’s enable convenient and secure transactions without the need for actual cards or currency by utilizing near-field communication (NFC) or other secure payment technologies.
According to a survey by Vista Retail Support, 72% of the customers believe that wearable payment devices are the future of in-store shopping.
Market Dynamics:
Driver:
An increase in the use of contactless payment methods due to covid-19
Payments made with wearable devices equipped with wireless technologies like NFC and RFID are referred to as wearable payments. In addition to providing clients with a simple and contactless method of payment, wearable payment gadgets also guarantee security and cleanliness, which is particularly important in light of the COVID-19 outbreak. Customers prefer to conduct cashless transactions due to COVID-19's spread for hygienic reasons. In the first quarter of 2020, contactless payments increased by 40%, according to MasterCard. For contactless payments, 60% of VISA users who reside outside of the US have also used tap-to-pay technology.
Restraint:
Wearable payment device battery discharge problems
The device must be periodically recharged to ensure proper performance if it runs out of power, the user is immediately cut off. This could result in incomplete or missing data clusters, which would have an impact on the payment process. Small batteries are required to power the payment functionality of wearable payment devices since they are becoming smaller than ever to improved technologies and form factors. A wearable gadget also needs a large battery backup to provide uninterrupted performance when running cutting-edge operating systems.
Opportunity:
Convenience and user experience
In the market for wearable payment devices, convenience and user experience offer a substantial opportunity. Wearable technology facilitates easy and smooth payment experiences, which encourages more people to use it. Transactions are streamlined when physical cards or cash are not required, which makes payments simple and quick. User-friendly wearables are appealing because they promote higher adoption rates and customer satisfaction, which boosts engagement and sales. Wearable payment systems could revolutionize how individuals interact with their finances as technology advances, changing how people conduct cashless transactions and further speeding industry growth.
Threat:
Security concerns related to wearable payment devices
On a larger scale, wearable technology interacts with a variety of ecosystem components, including internet services, numerous devices such embedded chips, mobile apps, computing apps, and many others. Because of their simplicity, quick transaction times, and capacity to gather and analyze complicated data in real time, wearable payment devices have become commonplace in grocery stores, restaurants, hospitals, pharmacies, and entertainment venues. Companies adopting wearable payment devices, however, run the danger of experiencing a data breach. Devices are susceptible to assaults because of their connectivity and cellular network use. Companies that make wearable payment devices can, however, quickly address these security-related issues by updating their devices and software.
Covid-19 Impact:
The COVID-19 epidemic had a big influence on the growth of the manufacturing and industrial sectors, but a surge in the adoption of sophisticated payment technologies saw reasonably high growth in 2021. The COVID-19 pandemic, however, also brought about a number of challenges, including a shortage of skilled workers and project delays or cancellations as a result of partial or total government shutdowns around the world. The market for wearable payment devices, is anticipated to expand, due to an increase in the adoption of internet of things hardware across industrial, manufacturing, and commercial sectors.
The barcodes segment is expected to be the largest during the forecast period
The barcodes segment is expected to have a lucrative growth. Barcodes serve as an alternative and cost-effective payment solution. Some wearable devices utilize barcode technology, displaying a scannable code on the device's screen that merchants can scan using their point-of-sale (POS) systems to process payments. This method allows for contactless transactions without the need for NFC or other specialized hardware. Barcodes offer convenience and can be integrated into a wide range of wearable devices, making them accessible to a broader market.
The smart watches segment is expected to have the highest CAGR during the forecast period
The smart watches segment is anticipated to witness the fastest CAGR growth during the forecast period. Integrated with secure payment technologies like NFC, they allow users to make contactless transactions on the go. Smart watches offer convenience by eliminating the need for physical wallets and enabling quick and easy payments with a simple tap on the wrist. Their popularity stems from their versatile nature, combining fitness tracking, notifications, and payment capabilities in one device. As consumers increasingly embrace wearable technology and cashless payments, smart watches have become a preferred choice, contributing significantly to the growth and expansion of the market.
Region with largest share:
Due to its sophisticated technological infrastructure and high consumer acceptance of wearable technology and cashless transactions. Major players in the financial and wearable device industries are based in the region, which promotes innovation and joint ventures to expand the industry. Consumers in North America are embracing wearable payment technologies, such as smart watches and fitness bands, for simple transactions with a heavy emphasis on user experience and convenience. The region's thriving financial services sector and widespread acceptance of contactless payments also support the market for wearable payment devices' ongoing growth and significance in North America.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, driven by its large population, rapid technological advancements, and growing digital payment ecosystem. With a thriving consumer electronics market and a strong preference for mobile and cashless transactions, wearable payment devices like smart watches and fitness bands gain popularity. Moreover, collaborations between technology companies, financial institutions, and local manufacturers contribute to innovative payment solutions tailored to the region's unique needs. As Asia Pacific continues to embrace digitalization and contactless payments, the Wearable Payment Device market is poised for substantial growth and influence.
Key players in the market
Some of the key players in Wearable Payment Device market include Apple, Inc., Barclays PLC, Fitbit Inc., Garmin AB, Gemalto NV, Google LLC, Mastercard, Inc., PayPal Holdings Inc., Samsung Electronics Co., Ltd., Tappy Technologies Ltd., Visa Inc., Wirecard and Xiaomi Corporation.
Key Developments:
In August 2022, Samsung Electronics Co. Ltd., announced the Galaxy Watch4 and Galaxy Watch4 Classic. They are the first smart watches to feature the new Wear OS Powered by Samsung, built jointly with Google, and are equipped with One UI Watch, Samsung's most intuitive user interface yet.
Device Types Covered:
• Smart Watches
• Fitness Trackers
• Payment Wristbands
• Smart Rings
• Other Device Types
Technologies Covered:
• Near Field Communication Technology (NFC)
• Radio Frequency Identification (RFID)
• Contactless Point of Sale (POS) Terminals
• Quick Response (QR) Codes
• QR & Barcode
• Other Technologies
Sales Channels Covered:
• Direct Sales
• Indirect Sales
Applications Covered:
• Retail and Grocery Stores
• Festival and Life Events
• Restaurants and Bars
• Hospitals and Pharmacies
• Entertainment Centers
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Wearable Payment Device Market, By Device Type
5.1 Introduction
5.2 Smart Watches
5.3 Fitness Trackers
5.4 Payment Wristbands
5.5 Smart Rings
5.6 Other Device Types
6 Global Wearable Payment Device Market, By Technology
6.1 Introduction
6.2 Near Field Communication Technology (NFC)
6.3 Radio Frequency Identification (RFID)
6.4 Contactless Point of Sale (POS) Terminals
6.5 Quick Response (QR) Codes
6.6 QR & Barcode
6.7 Other Technologies
7 Global Wearable Payment Device Market, By Sales Channel
7.1 Introduction
7.2 Direct Sales
7.3 Indirect Sales
8 Global Wearable Payment Device Market, By Application
8.1 Introduction
8.2 Retail and Grocery Stores
8.3 Festival and Life Events
8.4 Restaurants and Bars
8.5 Hospitals and Pharmacies
8.6 Entertainment Centers
8.7 Other Applications
9 Global Wearable Payment Device Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Apple, Inc.
11.2 Barclays PLC
11.3 Fitbit Inc.
11.4 Garmin AB
11.5 Gemalto NV
11.6 Google LLC
11.7 Mastercard, Inc.
11.8 PayPal Holdings Inc.
11.9 Samsung Electronics Co., Ltd.
11.10 Tappy Technologies Ltd.
11.11 Visa Inc.
11.12 Wirecard
11.13 Xiaomi Corporation
List of Tables
1 Global Wearable Payment Device Market Outlook, By Region (2021-2030) ($MN)
2 Global Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
3 Global Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
4 Global Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
5 Global Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
6 Global Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
7 Global Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
8 Global Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
9 Global Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
10 Global Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
11 Global Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
12 Global Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
13 Global Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
14 Global Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
15 Global Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
16 Global Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
17 Global Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
18 Global Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
19 Global Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
20 Global Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
21 Global Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
22 Global Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
23 Global Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
24 Global Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
25 North America Wearable Payment Device Market Outlook, By Country (2021-2030) ($MN)
26 North America Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
27 North America Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
28 North America Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
29 North America Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
30 North America Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
31 North America Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
32 North America Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
33 North America Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
34 North America Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
35 North America Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
36 North America Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
37 North America Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
38 North America Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
39 North America Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
40 North America Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
41 North America Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
42 North America Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
43 North America Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
44 North America Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
45 North America Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
46 North America Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
47 North America Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
48 North America Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
49 Europe Wearable Payment Device Market Outlook, By Country (2021-2030) ($MN)
50 Europe Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
51 Europe Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
52 Europe Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
53 Europe Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
54 Europe Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
55 Europe Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
56 Europe Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
57 Europe Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
58 Europe Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
59 Europe Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
60 Europe Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
61 Europe Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
62 Europe Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
63 Europe Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
64 Europe Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
65 Europe Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
66 Europe Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
67 Europe Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
68 Europe Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
69 Europe Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
70 Europe Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
71 Europe Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
72 Europe Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
73 Asia Pacific Wearable Payment Device Market Outlook, By Country (2021-2030) ($MN)
74 Asia Pacific Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
75 Asia Pacific Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
76 Asia Pacific Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
77 Asia Pacific Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
78 Asia Pacific Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
79 Asia Pacific Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
80 Asia Pacific Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
81 Asia Pacific Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
82 Asia Pacific Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
83 Asia Pacific Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
84 Asia Pacific Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
85 Asia Pacific Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
86 Asia Pacific Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
87 Asia Pacific Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
88 Asia Pacific Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
89 Asia Pacific Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
90 Asia Pacific Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
91 Asia Pacific Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
92 Asia Pacific Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
93 Asia Pacific Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
94 Asia Pacific Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
95 Asia Pacific Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
96 Asia Pacific Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
97 South America Wearable Payment Device Market Outlook, By Country (2021-2030) ($MN)
98 South America Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
99 South America Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
100 South America Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
101 South America Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
102 South America Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
103 South America Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
104 South America Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
105 South America Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
106 South America Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
107 South America Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
108 South America Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
109 South America Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
110 South America Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
111 South America Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
112 South America Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
113 South America Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
114 South America Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
115 South America Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
116 South America Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
117 South America Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
118 South America Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
119 South America Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
120 South America Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
121 Middle East & Africa Wearable Payment Device Market Outlook, By Country (2021-2030) ($MN)
122 Middle East & Africa Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
123 Middle East & Africa Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
124 Middle East & Africa Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
125 Middle East & Africa Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
126 Middle East & Africa Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
127 Middle East & Africa Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
128 Middle East & Africa Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
129 Middle East & Africa Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
130 Middle East & Africa Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
131 Middle East & Africa Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
132 Middle East & Africa Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
133 Middle East & Africa Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
134 Middle East & Africa Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
135 Middle East & Africa Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
136 Middle East & Africa Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
137 Middle East & Africa Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
138 Middle East & Africa Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
139 Middle East & Africa Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
140 Middle East & Africa Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
141 Middle East & Africa Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
142 Middle East & Africa Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
143 Middle East & Africa Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
144 Middle East & Africa Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
