Portable payment device market size, trends and key players – Alibaba Group, Apple Inc., Barclays Plc, Fitbit Google Jawbone, MasterCard, PayPal Samsung Electronics Co. Ltd., Visa Inc.

New Jersey, United States, – The Portable Payment Devices Market The research report is a detailed study of the Portable Payment Devices industry that specializes in identifying the growth potential of the Portable Payment Devices market and potential opportunities in the market. Secondary research data comes from government publications, interviews with experts, journals, surveys and trusted journals. The recorded data spans a decade followed by systematic review to conduct an in-depth study of influencers in the Wearable Payment Devices market.

The portable payment devices market size was valued at USD 43.0 billion in 2020 and is expected to reach USD 82.0 billion by 2028, growing at a CAGR of 13.6% from 2021 to 2028.

“Wear N Pay” is a range of portable contactless payment devices launched by a private sector lender. The device will be linked directly to a customer’s bank account and can be used as a debit card at any merchant that accepts contactless tap-and-go payments through a PoS device. Cuffless blood pressure sensors, wireless upper arm blood pressure monitors, mobile apps, and remote monitoring technologies are some of the most widely used portable devices for testing and monitoring blood pressure.

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The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:

Alibaba Group, Apple Inc., Barclays Plc, Fitbit Google Jawbone, MasterCard, PayPal Samsung Electronics Co. Ltd., Visa Inc.

Market segmentation of portable payment devices

Portable Payment Devices Market, By Device Type

• Smart watches
• Fitness tracker
• Payment bracelets
• Smart rings
• Others

Portable Payment Devices Market, By Technology

• Near Field Communication Technology (NFC)
• Radio frequency identification (RFID)
• QR and bar codes
• Others

Portable Payment Devices Market, By Application

• Grocery stores
• Bars and restaurants
• Pharmacies / Drugs
• Entertainment centers
• Others

The Portable Payment Devices market report has been segmented on the basis of various categories such as product type, application, end user, and region. Each segment is evaluated based on CAGR, share and growth potential. In the regional analysis, the report highlights the potential region which is expected to create opportunities in the Wearable Payment Devices Market in the coming years.

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Scope of the Portable Payment Devices Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2020
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2028
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of the report (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options

Geographic segment covered in the report:

• North America (United States and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and the rest of Latin America)
• Middle East and Africa (GCC and rest of Middle East and Africa)

Key questions answered in the report:

  • What is the growth potential of the portable payment devices market?
  • Which product segment will take the lion’s share?
  • Which regional market will emerge as a pioneer in the years to come?
  • Which application segment will experience strong growth?
  • What growth opportunities might arise in the portable payment device industry in the years to come?
  • What are the most significant challenges facing the portable payment devices market in the future?
  • Who are the leading companies in the portable payment device market?
  • What are the main trends that are positively impacting the growth of the market?
  • What growth strategies are the players considering to stay in the portable payment devices market?

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