Wearable Payments Have High Potential in China, States Verdict Retail in Its Report Available at MarketPublishers.com03 Jun 2016 • by Natalie Aster
LONDON – The market for wearable payments is still in its infancy, and most players continue to experiment with form factors and functionality.
Consumer appetite for such devices is positive, but not voracious. Currently, 25% consumers own a wearable device and most of them are open to an idea of starting utilizing these devices to pay.
Pricing and features emerge to be major factors driving the adoption, while China is believed to be the most attractive market at the moment given large population and high adoption opportunities.
Apple Watch was the very first big effort to enable payments with the wrist.
The marketplace is set to see a large number of changes and developments in the years to come, with companies from different countries pouring money into their projects in this space.
In-demand research report “Wearable Payments: Sizing the Opportunity” developed by Verdict Retail offers an up-close look at the world’s wearable payment market. The study provides an insightful discussion of major payment-capable wearables.
It unveils key forces impacting the adoption of wearable payments. The report throws light on geographic and demographic distribution of potential early adopters of the payments, besides disclosing best strategies to interact with them.
Potentially winning strategies are covered in the research study, as well. The report also includes strategic recommendations.
Other Markets Examined by this Publisher Comprise:
- Wealth in the US
- Wealth in the UAE
- High Net Worth Home Insurance
- Retailing in Brazil
- Books, News and Stationery Retailing in Argentina
More cutting-edge studies by our partner can be found at Verdict Retail page.