Wearable Payments Analysis Report : Sizing the Opportunity 3
Wearable Payments: Sizing the Opportunity
No of Pages – 43
Publishing Date - May 27, 2016
Browse detailed TOC, Tables, Figures, Charts in Wearable Payments: Sizing the Opportunity
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Summary
The wearable payments market is still very much in its infancy, with most companies in this space
still experimenting with form factors and functionality. Apple has emerged as a frontrunner with its
payments-capable Apple Watch, but it is far from the only high-profile company in this space. With
the market in its current state it is far too early to call Apple's first-mover advantage decisive, and
while this space is likely to see a lot of attention and investment in the coming years it is impossible
to predict which companies will dominate.
Key Findings
- 25% of consumers globally possess a wearable device of any type (regardless of whether that
device is capable of making payments).
- Features and pricing are the two most important factors driving purchases of wearable devices.
- China is the most immediately attractive market due to its sizable population and high proportion of
potential early adopters.
Synopsis
Verdict Financial's “Wearable Payments: Sizing the Opportunity” examines the emerging wearable
payments market, evaluating the strengths and weaknesses of the current products available to
consumers in this space as well as using our proprietary data on consumer attitudes towards wearable
technology and potential early adopters of wearable payments globally.
Specifically the report: