Published Date: 3-Feb-2021
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According to a new report LAMEA Wearable Payments Devices Market, published by KBV research, the LAMEA Wearable Payments Devices Market would witness market growth of 28.2% CAGR during the forecast period (2020-2026).
The Brazil market dominated the LAMEA Near Field Communication (NFC) Wearable Payments Devices Market by Country in 2019, thereby, achieving a market value of $273.8 million by 2026. The Argentina market would witness a CAGR of 28.4% during (2020 - 2026). Additionally, The UAE market is showcasing a CAGR of 27.6% during (2020 - 2026).
The Fitness Tracker market dominated the Saudi Arabia Wearable Payments Devices Market by Type in 2019, growing at a CAGR of 27.5 % during the forecast period. The Payment Wristbands market is experiencing a CAGR of 28.2% during (2020 - 2026). Additionally, The Smart Watches market is poised to grow at a CAGR of 31.5% during (2020 - 2026).
The Retail market dominated the South Africa Wearable Payments Devices Market by Application in 2019, growing at a CAGR of 27.4 % during the forecast period. The Transportation market is estimated to grow at a CAGR of 28.2% during (2020 - 2026). The Festival & Life Events market would exhibit a CAGR of 30.6% during (2020 - 2026). Additionally, The Fitness market is expected to witness a CAGR of 30.9% during (2020 - 2026).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Apple, Inc., Thales Group S.A. (Gemalto NV), Google, Inc., Mastercard, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Xiaomi Corporation, PayPal Holdings, Inc. (eBay), Visa, Inc., Nymi, Inc., and Barclays PLC.
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