Banking wearable devices consist of embedded digital banking technology mainly integrated with artificial intelligence (AI) and internet of things (IoT). As adoption of wearable devices in banks is increasing, banks are now offering numerous services for these device users including payments, transactional alerts, and quick reports on account balances and other advanced features such as purchase of stocks. These wearable devices possess capabilities to transform banking environment by utilizing data and providing high end performance to consumers.
This report contains market size and forecasts of Banking Wearable Devices in global, including the following market information:
Global Banking Wearable Devices Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Banking Wearable Devices Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Banking Wearable Devices companies in 2021 (%)
The global Banking Wearable Devices market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Wristbands Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Banking Wearable Devices include Garmin Ltd., Fidemso AB, Apple Inc, SAMSUNG, Westpac PayWear, Fitbit Inc, BioTelemetry Inc and Nike Inc., etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Banking Wearable Devices manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Banking Wearable Devices Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Banking Wearable Devices Market Segment Percentages, by Type, 2021 (%)
Wristbands
Watches
Payment Processing Rings
Glasses
Others
Global Banking Wearable Devices Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Banking Wearable Devices Market Segment Percentages, by Application, 2021 (%)
Payment Transactions
Personal Banking
Stock Purchasing
Others
Global Banking Wearable Devices Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Banking Wearable Devices Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Banking Wearable Devices revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Banking Wearable Devices revenues share in global market, 2021 (%)
Key companies Banking Wearable Devices sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Banking Wearable Devices sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Garmin Ltd.
Fidemso AB
Apple Inc
SAMSUNG
Westpac PayWear
Fitbit Inc
BioTelemetry Inc
Nike Inc.