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(Hosting-NewsWire.com, November 24, 2016 ) Wearable payment refers to transactions between wearable devices and contactless payment terminals like NFC. NFC is a standard-based short-range (about 10 cm) connectivity that uses high-frequency wireless communication technology. This technology enables peer-to-peer communication between two devices, by bringing them in close proximity. End-users use this technology to transfer information from their devices to contactless payment terminals such as smartphones and NFC tags. The technology involves a direct transfer of data between wearable devices and POS devices.
Publisher's analysts forecast the global wearable payment market to grow at a CAGR of 59.44% during the period 2016-2020. For more information about this report: http://www.reportsweb.com/global-wearable-payment-market-2016-2020 . Covered in this report The report covers the present scenario and the growth prospects of the global wearable payment market for 2016-2020. To calculate the market size, the report provides a detailed forecast of the market transaction revenue and shipment of wearable payment devices.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Publisher's report, Global Wearable Payment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Apple - Jawbone - Google - MasterCard - Samsung Electronics - Visa
Request Sample Copy at http://www.reportsweb.com/inquiry&RW0001477862/sample .
Other prominent vendors - Alibaba Group - American Express - Barclays - Broadcom - Fitbit - Gemalto - Infineon Technologies - Inside Secure - MediaTek - Microsoft - NXP Semiconductors - Qualcomm - PayPal - Renesas Electronics - Sony - Xiaomi
Market driver - Growing adoption of contactless payments. - For a full, detailed list, view our report
Market challenge - Lack of interoperability of NFC technology. - For a full, detailed list, view our report
Market trend - Rising adoption of contactless payments in APAC and Africa. - For a full, detailed list, view our report
Inquire for Report at http://www.reportsweb.com/inquiry&RW0001477862/buying .
ReportsWeb.com
Priya Sisodia
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com
Source: EmailWire.com
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