The Latin America, Middle East and Africa Wearable Payments Devices Market would witness market growth of 28.2% CAGR during the forecast period (2020-2026). RFID and NFC act as essential parts of various wearable payments and contactless payments. Various wearable device manufacturers like Samsung, Apple, and Huawei are combining NFC and RFID technologies into designing their contactless cards and wearable devices that are expected to provide several opportunities for the growth of the market.
The increasing changes in the lifestyle of people in developing and developed countries are driving the market growth. Additionally, the increasing adoption of wearable devices for several purposes that includes fitness, fashion, and contactless payments propels the growth of the market. Moreover, growing cyber-attacks on online and mobile payments systems in the world have changes the preference of many customers toward the acceptance of contactless payments systems.
The Covid-19 pandemic is expected to affect the growth of the market positively during the forecast period. Customers across the world are opting for contactless payments as their mode of payment during this pandemic that is estimated to boost the adoption of Wearable Payments Devices. Although, factors like the huge cost of the devices, limited battery life of the devices, and security concerns are estimated to restrict the market growth.
The high expense on devices affected the ability of manufacturers to introduce their products in the market, therefore it limits their production. These payment devices are expensive, which regulates many consumers from buying these devices. In addition, the growing competition in the market and less awareness about the product are further hampering the market growth.
Based on Type, the market is segmented into Fitness Tracker, Payment Wristbands and Smart Watches. Based on Technology, the market is segmented into Barcodes, Near Field Communication (NFC), Quick Response (QR) Codes, Contactless Point of Sale (POS) Terminals and Others. Based on Application, the market is segmented into Retail, Transportation, Festival & Life Events, Fitness, Healthcare and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Wearable Payments Devices Market in LAMEA is expected to register a CAGR of 28.2% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Thales Group S.A. (Gemalto NV), Google, Inc., Mastercard, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Xiaomi Corporation, PayPal Holdings, Inc. (eBay), Visa, Inc., Nymi, Inc., and Barclays PLC.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Fitness Tracker
- Payment Wristbands
- Smart Watches
By Technology
- Barcodes
- Near Field Communication (NFC)
- Quick Response (QR) Codes
- Contactless Point of Sale (POS) Terminals
- Others
By Application
- Retail
- Transportation
- Festival & Life Events
- Fitness
- Healthcare
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Apple, Inc.
- Thales Group S.A. (Gemalto NV)
- Google, Inc.
- Mastercard, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Xiaomi Corporation
- PayPal Holdings, Inc. (eBay)
- Visa, Inc.
- Nymi, Inc.
- Barclays PLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Wearable Payments Devices Market, by Type
1.4.2 LAMEA Wearable Payments Devices Market, by Technology
1.4.3 LAMEA Wearable Payments Devices Market, by Application
1.4.4 LAMEA Wearable Payments Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Aug – 2020, Dec) Leading Players
Chapter 4. LAMEA Wearable Payments Devices Market by Type
4.1 LAMEA Fitness Tracker Wearable Payments Devices Market by Country
4.2 LAMEA Payment Wristbands Wearable Payments Devices Market by Country
4.3 LAMEA Smart Watches Wearable Payments Devices Market by Country
Chapter 5. LAMEA Wearable Payments Devices Market by Technology
5.1 LAMEA Barcodes Wearable Payments Devices Market by Country
5.2 LAMEA Near Field Communication (NFC) Wearable Payments Devices Market by Country
5.3 LAMEA Quick Response (QR) Codes Wearable Payments Devices Market by Country
5.4 LAMEA Contactless Point of Sale (POS) Terminals Wearable Payments Devices Market by Country
5.5 LAMEA Others Wearable Payments Devices Market by Country
Chapter 6. LAMEA Wearable Payments Devices Market by Application
6.1 LAMEA Retail Wearable Payments Devices Market by Country
6.2 LAMEA Transportation Wearable Payments Devices Market by Country
6.3 LAMEA Festival & Life Events Wearable Payments Devices Market by Country
6.4 LAMEA Fitness Wearable Payments Devices Market by Country
6.5 LAMEA Healthcare Wearable Payments Devices Market by Country
6.6 LAMEA Others Wearable Payments Devices Market by Country
Chapter 7. LAMEA Wearable Payments Devices Market by Country
7.1 Brazil Wearable Payments Devices Market
7.1.1 Brazil Wearable Payments Devices Market by Type
7.1.2 Brazil Wearable Payments Devices Market by Technology
7.1.3 Brazil Wearable Payments Devices Market by Application
7.2 Argentina Wearable Payments Devices Market
7.2.1 Argentina Wearable Payments Devices Market by Type
7.2.2 Argentina Wearable Payments Devices Market by Technology
7.2.3 Argentina Wearable Payments Devices Market by Application
7.3 UAE Wearable Payments Devices Market
7.3.1 UAE Wearable Payments Devices Market by Type
7.3.2 UAE Wearable Payments Devices Market by Technology
7.3.3 UAE Wearable Payments Devices Market by Application
7.4 Saudi Arabia Wearable Payments Devices Market
7.4.1 Saudi Arabia Wearable Payments Devices Market by Type
7.4.2 Saudi Arabia Wearable Payments Devices Market by Technology
7.4.3 Saudi Arabia Wearable Payments Devices Market by Application
7.5 South Africa Wearable Payments Devices Market
7.5.1 South Africa Wearable Payments Devices Market by Type
7.5.2 South Africa Wearable Payments Devices Market by Technology
7.5.3 South Africa Wearable Payments Devices Market by Application
7.6 Nigeria Wearable Payments Devices Market
7.6.1 Nigeria Wearable Payments Devices Market by Type
7.6.2 Nigeria Wearable Payments Devices Market by Technology
7.6.3 Nigeria Wearable Payments Devices Market by Application
7.7 Rest of LAMEA Wearable Payments Devices Market
7.7.1 Rest of LAMEA Wearable Payments Devices Market by Type
7.7.2 Rest of LAMEA Wearable Payments Devices Market by Technology
7.7.3 Rest of LAMEA Wearable Payments Devices Market by Application
Chapter 8. Company Profiles
8.1 Apple, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Product and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Thales Group S.A. (Gemalto NV)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.1 Research and Development Expense
8.3 Google, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Mastercard, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.5 Samsung Electronics Co., Ltd. (Samsung Group)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Geographical Expansions:
8.5.6 SWOT Analysis
8.6 Xiaomi Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 PayPal Holdings, Inc. (eBay)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.8 Visa, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Recent strategies and developments:
8.8.3.1 Product Launches and Product Expansions:
8.9 Nymi, Inc.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. Barclays PLC
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
8.10.4.2 Product Launches and Product Expansions:
TABLE 1 LAMEA Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 2 LAMEA Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Wearable Payments Devices Market
TABLE 4 Product Launches And Product Expansions– Wearable Payments Devices Market
TABLE 5 Geographical Expansions– Wearable Payments Devices Market
TABLE 6 Acquisition and Mergers– Wearable Payments Devices Market
TABLE 7 LAMEA Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 8 LAMEA Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 9 LAMEA Fitness Tracker Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 10 LAMEA Fitness Tracker Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 11 LAMEA Payment Wristbands Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 12 LAMEA Payment Wristbands Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 13 LAMEA Smart Watches Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 14 LAMEA Smart Watches Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 15 LAMEA Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 16 LAMEA Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 17 LAMEA Barcodes Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 18 LAMEA Barcodes Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 19 LAMEA Near Field Communication (NFC) Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 20 LAMEA Near Field Communication (NFC) Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 21 LAMEA Quick Response (QR) Codes Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 22 LAMEA Quick Response (QR) Codes Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 23 LAMEA Contactless Point of Sale (POS) Terminals Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 24 LAMEA Contactless Point of Sale (POS) Terminals Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 25 LAMEA Others Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 26 LAMEA Others Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 27 LAMEA Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 28 LAMEA Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 29 LAMEA Retail Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 30 LAMEA Retail Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 31 LAMEA Transportation Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 32 LAMEA Transportation Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 33 LAMEA Festival & Life Events Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 34 LAMEA Festival & Life Events Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 35 LAMEA Fitness Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 36 LAMEA Fitness Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 37 LAMEA Healthcare Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 38 LAMEA Healthcare Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 39 LAMEA Others Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 40 LAMEA Others Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 41 LAMEA Wearable Payments Devices Market by Country, 2016 - 2019, USD Million
TABLE 42 LAMEA Wearable Payments Devices Market by Country, 2020 - 2026, USD Million
TABLE 43 Brazil Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 44 Brazil Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 45 Brazil Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 46 Brazil Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 47 Brazil Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 48 Brazil Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 49 Brazil Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 50 Brazil Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 51 Argentina Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 52 Argentina Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 53 Argentina Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 54 Argentina Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 55 Argentina Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 56 Argentina Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 57 Argentina Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 58 Argentina Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 59 UAE Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 60 UAE Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 61 UAE Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 62 UAE Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 63 UAE Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 64 UAE Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 65 UAE Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 66 UAE Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 67 Saudi Arabia Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 68 Saudi Arabia Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 69 Saudi Arabia Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 70 Saudi Arabia Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 71 Saudi Arabia Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 72 Saudi Arabia Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 73 Saudi Arabia Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 74 Saudi Arabia Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 75 South Africa Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 76 South Africa Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 77 South Africa Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 78 South Africa Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 79 South Africa Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 80 South Africa Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 81 South Africa Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 82 South Africa Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 83 Nigeria Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 84 Nigeria Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 85 Nigeria Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 86 Nigeria Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 87 Nigeria Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 88 Nigeria Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 89 Nigeria Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 90 Nigeria Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 91 Rest of LAMEA Wearable Payments Devices Market, 2016 - 2019, USD Million
TABLE 92 Rest of LAMEA Wearable Payments Devices Market, 2020 - 2026, USD Million
TABLE 93 Rest of LAMEA Wearable Payments Devices Market by Type, 2016 - 2019, USD Million
TABLE 94 Rest of LAMEA Wearable Payments Devices Market by Type, 2020 - 2026, USD Million
TABLE 95 Rest of LAMEA Wearable Payments Devices Market by Technology, 2016 - 2019, USD Million
TABLE 96 Rest of LAMEA Wearable Payments Devices Market by Technology, 2020 - 2026, USD Million
TABLE 97 Rest of LAMEA Wearable Payments Devices Market by Application, 2016 - 2019, USD Million
TABLE 98 Rest of LAMEA Wearable Payments Devices Market by Application, 2020 - 2026, USD Million
TABLE 99 Key Information – Apple, Inc.
TABLE 100 key information – Thales Group S.A.
TABLE 101 Key Information – Google, Inc.
TABLE 102 key Information – Mastercard, Inc.
TABLE 103 Key Information –Samsung Electronics Co., Ltd.
TABLE 104 Key Information – Xiaomi Corporation
TABLE 105 Key Information – PayPal Holdings, Inc.
TABLE 106 Key Information – Visa, Inc.
TABLE 107 key information – Nymi, Inc.
TABLE 108 Key Information – Barclays PLC
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Aug – 2020, Dec) Leading Players
FIG 5 SWOT Analysis: apple, Inc.
FIG 6 Recent strategies and developments: Google, Inc.
FIG 7 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 8 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 9 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 10 Recent strategies and developments: Xiaomi Corporation
FIG 11 SWOT Analysis: Xiaomi Corporation
FIG 12 Recent strategies and developments: Barclays PLC