Wearable Payment Devices Market Size

Wearable Payment Devices Market size was over USD 53.38 billion in 2023 and is anticipated to cross USD 289.86 billion by 2036, growing at more than 13.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of wearable payment devices is estimated at USD 59.32 billion.

Governments across the world have recommended using contactless payment options amid the COVID-19 outbreak. There has been a massive surge in digital payments since then. Wearable payment devices technology has become increasingly reliable and efficient over the years upon usage of cutting edge technology. Many global and regional players have been launching new models of wearable devices frequently at relatively lower prices.