Global Banking Wearable Devices Market Growth (Status and Outlook) 2024-2030

The global Banking Wearable Devices market size is predicted to grow from US$ 18210 million in 2024 to US$ 47610 million in 2030; it is expected to grow at a CAGR of 17.4% from 2024 to 2030.

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.

The banking wearable market has been growing steadily over the years due to the increasing demand host card emulation (HCE) and the growing adoption of cashless transactions. Moreover, numerous e-banking platforms are adopting wearable payment devices. These platforms are focusing on integrating the near field communication (NFC) technology into their transaction operations, which facilitates seamless payments. In addition, the decreasing costs for deploying NFC technology are encouraging the rise in demand for the technology. Businesses widely use this technology to transfer data from their devices to various contactless payment terminals, such as NFC tags and smartphones. Moreover, many retail and transportation companies are implementing banking wearable technology to give customers a simpler, more practical experience, accelerating the market's expansion. Furthermore, the increasing demand for wearable payment devices owing to their fast payment capability will foster the banking wearable market growth during the forecast period. To make the most of this opportunity, banks should adopt a data-driven approach to making decisions about where to focus and invest, how to navigate regulatory requirements, and which customer cohorts to reach. Once a customer need has been identified, success will come through effective business experimentation, exploring different technologies and uses, and testing wearable products in the market. Insights from those tests can be used to create a positive feedback loop, guiding testing and updates as banks work to perfect their investments in wearables. Data-driven analysis and strategic decision-making are essential for banks looking to capitalize on the wearables trend. Right now, financial institutions have the opportunity to help usher in the future of banking and redefine the customer experience. Those that wait too long risk playing catch-up instead of leading the charge.

LPI (LP Information)' newest research report, the “Banking Wearable Devices Industry Forecast” looks at past sales and reviews total world Banking Wearable Devices sales in 2023, providing a comprehensive analysis by region and market sector of projected Banking Wearable Devices sales for 2024 through 2030. With Banking Wearable Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Banking Wearable Devices industry.

This Insight Report provides a comprehensive analysis of the global Banking Wearable Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Banking Wearable Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Banking Wearable Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Banking Wearable Devices and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Banking Wearable Devices.

This report presents a comprehensive overview, market shares, and growth opportunities of Banking Wearable Devices market by product type, application, key players and key regions and countries.

Segmentation by Type:
    Wristbands
    Watches
    Payment Processing Rings
    Glasses
    Others

Segmentation by Application:
    Payment Transactions
    Personal Banking
    Stock Purchasing
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Garmin Ltd.
    Fidemso AB
    Apple Inc
    SAMSUNG
    Westpac PayWear
    Fitbit Inc
    BioTelemetry Inc
    Nike Inc.
    Nymi Inc
    Gemalto NV
    Xiaomi Corporation
    Google LLC
    Wirecard
    Fidesmo
    Thales
    Visa Inc

List of Tables
 Table 1. Banking Wearable Devices Market Size CAGR by Region (2019 VS 2023 VS 2030) & ($ millions)
 Table 2. Banking Wearable Devices Annual Sales CAGR by Country/Region (2019, 2023 & 2030) & ($ millions)
 Table 3. Major Players of Wristbands
 Table 4. Major Players of Watches
 Table 5. Major Players of Payment Processing Rings
 Table 6. Major Players of Glasses
 Table 7. Major Players of Others
 Table 8. Banking Wearable Devices Market Size CAGR by Type (2019 VS 2023 VS 2030) & ($ millions)
 Table 9. Global Banking Wearable Devices Market Size by Type (2019-2024) & ($ millions)
 Table 10. Global Banking Wearable Devices Market Size Market Share by Type (2019-2024)
 Table 11. Banking Wearable Devices Market Size CAGR by Application (2019 VS 2023 VS 2030) & ($ millions)
 Table 12. Global Banking Wearable Devices Market Size by Application (2019-2024) & ($ millions)
 Table 13. Global Banking Wearable Devices Market Size Market Share by Application (2019-2024)
 Table 14. Global Banking Wearable Devices Revenue by Player (2019-2024) & ($ millions)
 Table 15. Global Banking Wearable Devices Revenue Market Share by Player (2019-2024)
 Table 16. Banking Wearable Devices Key Players Head office and Products Offered
 Table 17. Banking Wearable Devices Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
 Table 18. New Products and Potential Entrants
 Table 19. Mergers & Acquisitions, Expansion
 Table 20. Global Banking Wearable Devices Market Size by Region (2019-2024) & ($ millions)
 Table 21. Global Banking Wearable Devices Market Size Market Share by Region (2019-2024)
 Table 22. Global Banking Wearable Devices Revenue by Country/Region (2019-2024) & ($ millions)
 Table 23. Global Banking Wearable Devices Revenue Market Share by Country/Region (2019-2024)
 Table 24. Americas Banking Wearable Devices Market Size by Country (2019-2024) & ($ millions)
 Table 25. Americas Banking Wearable Devices Market Size Market Share by Country (2019-2024)
 Table 26. Americas Banking Wearable Devices Market Size by Type (2019-2024) & ($ millions)
 Table 27. Americas Banking Wearable Devices Market Size Market Share by Type (2019-2024)
 Table 28. Americas Banking Wearable Devices Market Size by Application (2019-2024) & ($ millions)
 Table 29. Americas Banking Wearable Devices Market Size Market Share by Application (2019-2024)
 Table 30. APAC Banking Wearable Devices Market Size by Region (2019-2024) & ($ millions)
 Table 31. APAC Banking Wearable Devices Market Size Market Share by Region (2019-2024)
 Table 32. APAC Banking Wearable Devices Market Size by Type (2019-2024) & ($ millions)
 Table 33. APAC Banking Wearable Devices Market Size by Application (2019-2024) & ($ millions)
 Table 34. Europe Banking Wearable Devices Market Size by Country (2019-2024) & ($ millions)
 Table 35. Europe Banking Wearable Devices Market Size Market Share by Country (2019-2024)
 Table 36. Europe Banking Wearable Devices Market Size by Type (2019-2024) & ($ millions)
 Table 37. Europe Banking Wearable Devices Market Size by Application (2019-2024) & ($ millions)
 Table 38. Middle East & Africa Banking Wearable Devices Market Size by Region (2019-2024) & ($ millions)
 Table 39. Middle East & Africa Banking Wearable Devices Market Size by Type (2019-2024) & ($ millions)
 Table 40. Middle East & Africa Banking Wearable Devices Market Size by Application (2019-2024) & ($ millions)
 Table 41. Key Market Drivers & Growth Opportunities of Banking Wearable Devices
 Table 42. Key Market Challenges & Risks of Banking Wearable Devices
 Table 43. Key Industry Trends of Banking Wearable Devices
 Table 44. Global Banking Wearable Devices Market Size Forecast by Region (2025-2030) & ($ millions)
 Table 45. Global Banking Wearable Devices Market Size Market Share Forecast by Region (2025-2030)
 Table 46. Global Banking Wearable Devices Market Size Forecast by Type (2025-2030) & ($ millions)
 Table 47. Global Banking Wearable Devices Market Size Forecast by Application (2025-2030) & ($ millions)
 Table 48. Garmin Ltd. Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 49. Garmin Ltd. Banking Wearable Devices Product Offered
 Table 50. Garmin Ltd. Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 51. Garmin Ltd. Main Business
 Table 52. Garmin Ltd. Latest Developments
 Table 53. Fidemso AB Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 54. Fidemso AB Banking Wearable Devices Product Offered
 Table 55. Fidemso AB Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 56. Fidemso AB Main Business
 Table 57. Fidemso AB Latest Developments
 Table 58. Apple Inc Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 59. Apple Inc Banking Wearable Devices Product Offered
 Table 60. Apple Inc Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 61. Apple Inc Main Business
 Table 62. Apple Inc Latest Developments
 Table 63. SAMSUNG Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 64. SAMSUNG Banking Wearable Devices Product Offered
 Table 65. SAMSUNG Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 66. SAMSUNG Main Business
 Table 67. SAMSUNG Latest Developments
 Table 68. Westpac PayWear Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 69. Westpac PayWear Banking Wearable Devices Product Offered
 Table 70. Westpac PayWear Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 71. Westpac PayWear Main Business
 Table 72. Westpac PayWear Latest Developments
 Table 73. Fitbit Inc Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 74. Fitbit Inc Banking Wearable Devices Product Offered
 Table 75. Fitbit Inc Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 76. Fitbit Inc Main Business
 Table 77. Fitbit Inc Latest Developments
 Table 78. BioTelemetry Inc Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 79. BioTelemetry Inc Banking Wearable Devices Product Offered
 Table 80. BioTelemetry Inc Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 81. BioTelemetry Inc Main Business
 Table 82. BioTelemetry Inc Latest Developments
 Table 83. Nike Inc. Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 84. Nike Inc. Banking Wearable Devices Product Offered
 Table 85. Nike Inc. Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 86. Nike Inc. Main Business
 Table 87. Nike Inc. Latest Developments
 Table 88. Nymi Inc Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 89. Nymi Inc Banking Wearable Devices Product Offered
 Table 90. Nymi Inc Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 91. Nymi Inc Main Business
 Table 92. Nymi Inc Latest Developments
 Table 93. Gemalto NV Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 94. Gemalto NV Banking Wearable Devices Product Offered
 Table 95. Gemalto NV Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 96. Gemalto NV Main Business
 Table 97. Gemalto NV Latest Developments
 Table 98. Xiaomi Corporation Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 99. Xiaomi Corporation Banking Wearable Devices Product Offered
 Table 100. Xiaomi Corporation Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 101. Xiaomi Corporation Main Business
 Table 102. Xiaomi Corporation Latest Developments
 Table 103. Google LLC Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 104. Google LLC Banking Wearable Devices Product Offered
 Table 105. Google LLC Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 106. Google LLC Main Business
 Table 107. Google LLC Latest Developments
 Table 108. Wirecard Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 109. Wirecard Banking Wearable Devices Product Offered
 Table 110. Wirecard Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 111. Wirecard Main Business
 Table 112. Wirecard Latest Developments
 Table 113. Fidesmo Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 114. Fidesmo Banking Wearable Devices Product Offered
 Table 115. Fidesmo Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 116. Fidesmo Main Business
 Table 117. Fidesmo Latest Developments
 Table 118. Thales Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 119. Thales Banking Wearable Devices Product Offered
 Table 120. Thales Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 121. Thales Main Business
 Table 122. Thales Latest Developments
 Table 123. Visa Inc Details, Company Type, Banking Wearable Devices Area Served and Its Competitors
 Table 124. Visa Inc Banking Wearable Devices Product Offered
 Table 125. Visa Inc Banking Wearable Devices Revenue ($ million), Gross Margin and Market Share (2019-2024)
 Table 126. Visa Inc Main Business
 Table 127. Visa Inc Latest Developments


List of Figures
 Figure 1. Banking Wearable Devices Report Years Considered
 Figure 2. Research Objectives
 Figure 3. Research Methodology
 Figure 4. Research Process and Data Source
 Figure 5. Global Banking Wearable Devices Market Size Growth Rate 2019-2030 ($ millions)
 Figure 6. Banking Wearable Devices Sales by Geographic Region (2019, 2023 & 2030) & ($ millions)
 Figure 7. Banking Wearable Devices Sales Market Share by Country/Region (2023)
 Figure 8. Banking Wearable Devices Sales Market Share by Country/Region (2019, 2023 & 2030)
 Figure 9. Global Banking Wearable Devices Market Size Market Share by Type in 2023
 Figure 10. Banking Wearable Devices in Payment Transactions
 Figure 11. Global Banking Wearable Devices Market: Payment Transactions (2019-2024) & ($ millions)
 Figure 12. Banking Wearable Devices in Personal Banking
 Figure 13. Global Banking Wearable Devices Market: Personal Banking (2019-2024) & ($ millions)
 Figure 14. Banking Wearable Devices in Stock Purchasing
 Figure 15. Global Banking Wearable Devices Market: Stock Purchasing (2019-2024) & ($ millions)
 Figure 16. Banking Wearable Devices in Others
 Figure 17. Global Banking Wearable Devices Market: Others (2019-2024) & ($ millions)
 Figure 18. Global Banking Wearable Devices Market Size Market Share by Application in 2023
 Figure 19. Global Banking Wearable Devices Revenue Market Share by Player in 2023
 Figure 20. Global Banking Wearable Devices Market Size Market Share by Region (2019-2024)
 Figure 21. Americas Banking Wearable Devices Market Size 2019-2024 ($ millions)
 Figure 22. APAC Banking Wearable Devices Market Size 2019-2024 ($ millions)
 Figure 23. Europe Banking Wearable Devices Market Size 2019-2024 ($ millions)
 Figure 24. Middle East & Africa Banking Wearable Devices Market Size 2019-2024 ($ millions)
 Figure 25. Americas Banking Wearable Devices Value Market Share by Country in 2023
 Figure 26. United States Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 27. Canada Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 28. Mexico Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 29. Brazil Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 30. APAC Banking Wearable Devices Market Size Market Share by Region in 2023
 Figure 31. APAC Banking Wearable Devices Market Size Market Share by Type (2019-2024)
 Figure 32. APAC Banking Wearable Devices Market Size Market Share by Application (2019-2024)
 Figure 33. China Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 34. Japan Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 35. South Korea Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 36. Southeast Asia Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 37. India Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 38. Australia Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 39. Europe Banking Wearable Devices Market Size Market Share by Country in 2023
 Figure 40. Europe Banking Wearable Devices Market Size Market Share by Type (2019-2024)
 Figure 41. Europe Banking Wearable Devices Market Size Market Share by Application (2019-2024)
 Figure 42. Germany Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 43. France Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 44. UK Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 45. Italy Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 46. Russia Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 47. Middle East & Africa Banking Wearable Devices Market Size Market Share by Region (2019-2024)
 Figure 48. Middle East & Africa Banking Wearable Devices Market Size Market Share by Type (2019-2024)
 Figure 49. Middle East & Africa Banking Wearable Devices Market Size Market Share by Application (2019-2024)
 Figure 50. Egypt Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 51. South Africa Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 52. Israel Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 53. Turkey Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 54. GCC Countries Banking Wearable Devices Market Size Growth 2019-2024 ($ millions)
 Figure 55. Americas Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 56. APAC Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 57. Europe Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 58. Middle East & Africa Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 59. United States Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 60. Canada Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 61. Mexico Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 62. Brazil Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 63. China Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 64. Japan Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 65. Korea Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 66. Southeast Asia Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 67. India Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 68. Australia Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 69. Germany Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 70. France Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 71. UK Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 72. Italy Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 73. Russia Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 74. Egypt Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 75. South Africa Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 76. Israel Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 77. Turkey Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 78. GCC Countries Banking Wearable Devices Market Size 2025-2030 ($ millions)
 Figure 79. Global Banking Wearable Devices Market Size Market Share Forecast by Type (2025-2030)
 Figure 80. Global Banking Wearable Devices Market Size Market Share Forecast by Application (2025-2030)

Garmin Ltd.
Fidemso AB
Apple Inc
SAMSUNG
Westpac PayWear
Fitbit Inc
BioTelemetry Inc
Nike Inc.
Nymi Inc
Gemalto NV
Xiaomi Corporation
Google LLC
Wirecard
Fidesmo
Thales
Visa Inc

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape