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Share: Newark, NJ, May 04, 2021 (GLOBE NEWSWIRE) As per the report published by Fior Markets, the global wearable payment device marketis expected to grow from USD 10.35 Billion in 2020 and to reach USD 80.39 Billion by 2028, growing at a CAGR of 29.8% during the forecast period 2021-2028. The factors driving the market are rise in demand for wearable devices along with contactless payment for a secure and safer payment transaction, use of intelligent technologies coupled with rising internet penetration, growing surge in adoption of smartphones, ease of transactions, growth in the adoption of cashless payments beyond the globe, convenient shopping experience to customers, growth of IOT globally, reducing costs of near field communication technology deployment. The factors restraining the market growth are security concerns of wearable devices, limited battery life, high price, low awareness and filled-out competition in the market. The rising adoption of contact ....
Global Wearable Payment Device Market Is Expected to Reach USD 80.39 Billion by 2028 : Fior Markets Wearable Payment Device Market by Type (Smart Watches, Fitness Trackers and Payment Wristbands), Product (Near-Field Communication Technology, Radio Frequency Identification, Contactless Point of Sale Terminals, QR and Bar Codes), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028 May 04, 2021 22:00 ET | Source: Fior Markets Fior Markets Pune, INDIA Newark, NJ, May 04, 2021 (GLOBE NEWSWIRE) As per the report published by Fior Markets, the global wearable payment device marketis expected to grow from USD 10.35 Billion in 2020 and to reach USD 80.39 Billion by 2028, growing at a CAGR of 29.8% during the forecast period 2021-2028. ....