市場調査レポート

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1324367

ウェアラブル決済デバイス市場の2030年までの予測：デバイスタイプ別、技術別、販売チャネル別、用途別、地域別の世界分析

Wearable Payment Device Market Forecasts to 2030 - Global Analysis By Device Type, Technology, Sales Channel, Application and By Geography

出版日: 2023年08月01日
発行: Stratistics Market Research Consulting
ページ情報: 英文 175+ Pages
納期: 2～3営業日

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全表示
概要
図表
目次

概要

サンプル依頼リストに入れる

Stratistics MRCによると、世界のウェアラブル決済デバイス市場は2023年に626億1,000万米ドルを占め、予測期間中のCAGRは15.3％で成長し、2030年には1,696億2,000万米ドルに達すると予測されています。

スマートウォッチ、フィットネスバンド、その他のウェアラブルアクセサリーなど、非接触決済を可能にする技術的に高度なウェアラブルアクセサリーは、ウェアラブル決済デバイスとして知られています。これらのウェアラブルは、近距離無線通信（NFC）やその他の安全な決済技術を利用することで、実際のカードや通貨を必要としない便利で安全な取引を可能にします。

Vista Retail Supportの調査によると、顧客の72%がウェアラブル決済デバイスが店舗内ショッピングの未来だと考えています。

COVID-19による非接触型決済手段の利用増加

NFCやRFIDのような無線技術を搭載したウェアラブル端末を使った支払いは、ウェアラブル決済と呼ばれます。ウェアラブル決済ガジェットは、顧客にシンプルで非接触の決済方法を提供するだけでなく、セキュリティと清潔さも保証しており、これはCOVID-19の発生に照らして特に重要です。COVID-19が蔓延しているため、顧客は衛生上の理由からキャッシュレス取引を行うことを好みます。マスターカードによると、2020年第1四半期には、非接触型決済が40%増加しました。非接触型決済では、米国外に居住するVISAユーザーの60%もタップ・ツー・ペイ技術を利用しています。

ウェアラブル決済デバイスのバッテリー放電問題

適切な性能を確保するためには、デバイスを定期的に充電する必要があります。その結果、データクラスタが不完全または欠落する可能性があり、決済プロセスに影響を及ぼします。ウェアラブル決済デバイスの決済機能には、小型バッテリーが必要です。また、ウェアラブル端末は、最先端のオペレーティング・システムを実行する際、中断のないパフォーマンスを提供するために大容量のバッテリー・バックアップを必要とします。

利便性とユーザー体験

ウェアラブル決済機器市場では、利便性とユーザー体験が大きなビジネスチャンスとなります。ウェアラブル技術は、簡単でスムーズな決済体験を促進し、より多くの人々に利用を促します。物理的なカードや現金が不要になれば、取引は合理化され、支払いはシンプルかつ迅速になります。ユーザーフレンドリーなウェアラブルは、より高い普及率と顧客満足度を促進し、エンゲージメントと売上を高めるという点で魅力的です。ウェアラブル決済システムは、技術の進歩に伴い、個人の金銭感覚に革命をもたらし、キャッシュレス取引のあり方を変え、業界の成長をさらに加速させる可能性があります。

ウェアラブル決済デバイスに関するセキュリティ上の懸念

より大きなスケールでは、ウェアラブル技術は、インターネットサービス、組み込みチップなどの多数のデバイス、モバイルアプリ、コンピューティングアプリなど、さまざまなエコシステムの構成要素と相互作用します。ウェアラブル決済デバイスは、そのシンプルさ、迅速なトランザクション時間、複雑なデータをリアルタイムで収集・分析する能力から、食料品店、レストラン、病院、薬局、娯楽施設などで一般的なものとなっています。しかし、ウェアラブル決済デバイスを採用している企業は、データ漏洩の危険にさらされています。デバイスは接続性と携帯電話ネットワークの使用により、攻撃を受けやすいです。しかし、ウェアラブル決済デバイスを製造する企業は、デバイスとソフトウェアを更新することで、こうしたセキュリティ関連の問題に迅速に対処することができます。

COVID-19の影響：

COVID-19の流行は製造業と産業部門の成長に大きな影響を与えたが、高度な決済技術の採用が急増したため、2021年には相応の高い成長が見られました。しかし、COVID-19の流行は、熟練労働者の不足、世界各地の政府の一部または全部の閉鎖によるプロジェクトの遅延や中止など、多くの課題ももたらしました。ウェアラブル決済デバイスの市場は、産業、製造、商業の各分野でモノのインターネット・ハードウェアの採用が増加していることから、拡大が予想されます。

予測期間中、バーコード分野が最大になる見込み

バーコード分野は有利な成長が見込まれます。バーコードは、代替的で費用対効果の高い決済ソリューションとして機能します。一部のウェアラブルデバイスはバーコード技術を利用しており、デバイスの画面上にスキャン可能なコードを表示し、加盟店はPOSシステムを使ってスキャンして支払いを処理することができます。この方法では、NFCやその他の特殊なハードウェアを必要とせずに非接触取引を行うことができます。バーコードは利便性を提供し、幅広いウェアラブルデバイスに組み込むことができるため、より幅広い市場で利用できるようになります。

予測期間中、スマートウォッチ分野のCAGRが最も高くなると予想される

スマートウォッチ分野は、予測期間中に最も速いCAGRの成長が見込まれます。NFCのような安全な決済技術と統合されているため、ユーザーは外出先で非接触取引を行うことができます。スマートウォッチは、物理的な財布の必要性をなくし、手首をタップするだけで迅速かつ簡単な支払いを可能にすることで、利便性を提供します。その人気は、フィットネス・トラッキング、通知機能、決済機能を1つのデバイスに統合した、その多用途性に起因します。消費者がウェアラブル技術とキャッシュレス決済をますます受け入れるようになるにつれ、スマートウォッチは好ましい選択肢となり、市場の成長と拡大に大きく貢献しています。

最大のシェアを占める地域：

洗練された技術インフラと、ウェアラブル技術とキャッシュレス決済に対する消費者の高い受容性が理由。金融業界やウェアラブル端末業界の大手企業がこの地域に拠点を置いており、業界拡大のための技術革新や合弁事業が促進されています。北米の消費者は、ユーザーエクスペリエンスと利便性を重視したシンプルな取引のために、スマートウォッチやフィットネスバンドなどのウェアラブル決済技術を受け入れています。この地域の金融サービス部門の繁栄と非接触型決済の普及も、北米におけるウェアラブル決済機器市場の継続的成長と重要性を支えています。

CAGRが最も高い地域：

アジア太平洋地域は、人口の多さ、急速な技術進歩、デジタル決済エコシステムの成長に牽引され、予測期間中のCAGRが最も高くなると予測されます。コンシューマーエレクトロニクス市場の繁栄とモバイルおよびキャッシュレス取引への強い嗜好により、スマートウォッチやフィットネスバンドのようなウェアラブル決済デバイスが人気を博しています。さらに、テクノロジー企業、金融機関、現地メーカーが連携することで、地域独自のニーズに合わせた革新的な決済ソリューションが実現されています。アジア太平洋地域がデジタル化と非接触型決済を採用し続ける中、ウェアラブル決済機器市場は大幅な成長と影響力を持つ態勢を整えています。

無料カスタマイズサービス：

本レポートをご購読のお客様には、以下のいずれかの無料カスタマイズオプションをご提供いたします：

企業プロファイル
- 追加市場プレイヤーの包括的プロファイリング（3社まで）
- 主要企業のSWOT分析（3社まで）
地域セグメンテーション
- 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
競合ベンチマーキング
- 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

北米
- 米国
- カナダ
- メキシコ
欧州
- ドイツ
- 英国
- イタリア
- フランス
- スペイン
- その他欧州
アジア太平洋地域
- 日本
- 中国
- インド
- オーストラリア
- ニュージーランド
- 韓国
- その他アジア太平洋地域
南米
- アルゼンチン
- ブラジル
- チリ
- その他南米
中東とアフリカ
- サウジアラビア
- アラブ首長国連邦
- カタール
- 南アフリカ
- その他中東とアフリカ

第10章主な発展

契約、パートナーシップ、コラボレーション、合弁事業
買収と合併
新製品の発売
事業拡大
その他の主要戦略

第11章会社概要

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
Xiaomi Corporation

図表

List of Tables

Table 1 Global Wearable Payment Device Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
Table 3 Global Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
Table 4 Global Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
Table 5 Global Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
Table 6 Global Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
Table 7 Global Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
Table 8 Global Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
Table 9 Global Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
Table 10 Global Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
Table 11 Global Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
Table 12 Global Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
Table 13 Global Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
Table 14 Global Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 15 Global Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
Table 16 Global Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
Table 17 Global Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
Table 18 Global Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
Table 19 Global Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
Table 20 Global Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
Table 21 Global Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
Table 22 Global Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
Table 23 Global Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
Table 24 Global Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
Table 25 North America Wearable Payment Device Market Outlook, By Country (2021-2030) ($MN)
Table 26 North America Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
Table 27 North America Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
Table 28 North America Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
Table 29 North America Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
Table 30 North America Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
Table 31 North America Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
Table 32 North America Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
Table 33 North America Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
Table 34 North America Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
Table 35 North America Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
Table 36 North America Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
Table 37 North America Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
Table 38 North America Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 39 North America Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
Table 40 North America Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
Table 41 North America Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
Table 42 North America Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
Table 43 North America Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
Table 44 North America Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
Table 45 North America Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
Table 46 North America Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
Table 47 North America Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
Table 48 North America Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
Table 49 Europe Wearable Payment Device Market Outlook, By Country (2021-2030) ($MN)
Table 50 Europe Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
Table 51 Europe Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
Table 52 Europe Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
Table 53 Europe Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
Table 54 Europe Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
Table 55 Europe Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
Table 56 Europe Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
Table 57 Europe Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
Table 58 Europe Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
Table 59 Europe Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
Table 60 Europe Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
Table 61 Europe Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
Table 62 Europe Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 63 Europe Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
Table 64 Europe Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
Table 65 Europe Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
Table 66 Europe Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
Table 67 Europe Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
Table 68 Europe Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
Table 69 Europe Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
Table 70 Europe Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
Table 71 Europe Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
Table 72 Europe Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
Table 73 Asia Pacific Wearable Payment Device Market Outlook, By Country (2021-2030) ($MN)
Table 74 Asia Pacific Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
Table 75 Asia Pacific Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
Table 76 Asia Pacific Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
Table 77 Asia Pacific Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
Table 78 Asia Pacific Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
Table 79 Asia Pacific Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
Table 80 Asia Pacific Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
Table 81 Asia Pacific Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
Table 82 Asia Pacific Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
Table 83 Asia Pacific Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
Table 84 Asia Pacific Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
Table 85 Asia Pacific Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
Table 86 Asia Pacific Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 87 Asia Pacific Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
Table 88 Asia Pacific Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
Table 89 Asia Pacific Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
Table 90 Asia Pacific Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
Table 91 Asia Pacific Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
Table 92 Asia Pacific Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
Table 93 Asia Pacific Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
Table 94 Asia Pacific Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
Table 95 Asia Pacific Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
Table 96 Asia Pacific Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
Table 97 South America Wearable Payment Device Market Outlook, By Country (2021-2030) ($MN)
Table 98 South America Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
Table 99 South America Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
Table 100 South America Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
Table 101 South America Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
Table 102 South America Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
Table 103 South America Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
Table 104 South America Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
Table 105 South America Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
Table 106 South America Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
Table 107 South America Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
Table 108 South America Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
Table 109 South America Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
Table 110 South America Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 111 South America Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
Table 112 South America Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
Table 113 South America Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
Table 114 South America Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
Table 115 South America Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
Table 116 South America Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
Table 117 South America Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
Table 118 South America Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
Table 119 South America Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
Table 120 South America Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)
Table 121 Middle East & Africa Wearable Payment Device Market Outlook, By Country (2021-2030) ($MN)
Table 122 Middle East & Africa Wearable Payment Device Market Outlook, By Device Type (2021-2030) ($MN)
Table 123 Middle East & Africa Wearable Payment Device Market Outlook, By Smart Watches (2021-2030) ($MN)
Table 124 Middle East & Africa Wearable Payment Device Market Outlook, By Fitness Trackers (2021-2030) ($MN)
Table 125 Middle East & Africa Wearable Payment Device Market Outlook, By Payment Wristbands (2021-2030) ($MN)
Table 126 Middle East & Africa Wearable Payment Device Market Outlook, By Smart Rings (2021-2030) ($MN)
Table 127 Middle East & Africa Wearable Payment Device Market Outlook, By Other Device Types (2021-2030) ($MN)
Table 128 Middle East & Africa Wearable Payment Device Market Outlook, By Technology (2021-2030) ($MN)
Table 129 Middle East & Africa Wearable Payment Device Market Outlook, By Near Field Communication Technology (NFC) (2021-2030) ($MN)
Table 130 Middle East & Africa Wearable Payment Device Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
Table 131 Middle East & Africa Wearable Payment Device Market Outlook, By Contactless Point of Sale (POS) Terminals (2021-2030) ($MN)
Table 132 Middle East & Africa Wearable Payment Device Market Outlook, By Quick Response (QR) Codes (2021-2030) ($MN)
Table 133 Middle East & Africa Wearable Payment Device Market Outlook, By QR & Barcode (2021-2030) ($MN)
Table 134 Middle East & Africa Wearable Payment Device Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 135 Middle East & Africa Wearable Payment Device Market Outlook, By Sales Channel (2021-2030) ($MN)
Table 136 Middle East & Africa Wearable Payment Device Market Outlook, By Direct Sales (2021-2030) ($MN)
Table 137 Middle East & Africa Wearable Payment Device Market Outlook, By Indirect Sales (2021-2030) ($MN)
Table 138 Middle East & Africa Wearable Payment Device Market Outlook, By Application (2021-2030) ($MN)
Table 139 Middle East & Africa Wearable Payment Device Market Outlook, By Retail and Grocery Stores (2021-2030) ($MN)
Table 140 Middle East & Africa Wearable Payment Device Market Outlook, By Festival and Life Events (2021-2030) ($MN)
Table 141 Middle East & Africa Wearable Payment Device Market Outlook, By Restaurants and Bars (2021-2030) ($MN)
Table 142 Middle East & Africa Wearable Payment Device Market Outlook, By Hospitals and Pharmacies (2021-2030) ($MN)
Table 143 Middle East & Africa Wearable Payment Device Market Outlook, By Entertainment Centers (2021-2030) ($MN)
Table 144 Middle East & Africa Wearable Payment Device Market Outlook, By Other Applications (2021-2030) ($MN)

Product Code: SMRC23592

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
- US
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
South America
- Argentina
- Brazil
- Chile
- Rest of South America
Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
Regional Segmentation
- 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

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