Wearable Payment Devices Market to grow by USD 225 Billion, Globally at 16.7% CAGR
Introduction The global Wearable Payment Devices Market is poised for substantial growth, estimated to reach a value of USD 225 billion by 2033, driven by a robust CAGR of 16.7% from 2024 to 2033. These devices, including smartwatches, fitness trackers, and payment wristbands, facilitate contactless transactions using technologies like Near Field Communication (NFC), QR codes, and barcodes. The market has experienced significant expansion due to the increasing popularity of wearable technology and the rising adoption of contactless payment systems, offering users convenience and security. One significant trend is the dominance of fitness trackers in the market, holding over 43.6% share…
- Date: April 22, 2024
- Author: Thomas Bretz
- Category: PharmiWeb