Latin America Wearable Payments Devices Market Size & Outlook
Latin America wearable payments devices market, 2016-2028 (US$M)
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Latin America wearable payments devices market highlights
- The Latin America wearable payments devices market generated a revenue of USD 1,482.8 million in 2021.
- The market is expected to grow at a CAGR of 30.9% from 2022 to 2028.
- In terms of segment, fitness tracker was the largest revenue generating device type in 2021.
- Smart Watches is the most lucrative device type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 1,482.8 million |
| Market revenue in 2028 | USD 9,783.1 million |
| Growth rate | 30.9% (CAGR from 2021 to 2028) |
| Largest segment | Fitness tracker |
| Fastest growing segment | Smart Watches |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fitness Tracker, Payment Wristbands, Smart Watches |
| Key market players worldwide | Apple Inc, Barclays PLC, Thales Group, Alphabet Inc Class A, Mastercard Inc Class A, PayPal Holdings Inc, Samsung Electronics Co Ltd, Visa Inc Class A, Wirecard AG |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.5% of the global wearable payments devices market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,080.8 million by 2028.
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Wearable Payments Devices Market Scope
Wearable Payments Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America wearable payments devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wearable payments devices market will help companies and investors design strategic landscapes.
Fitness tracker was the largest segment with a revenue share of 42.89% in 2021. Horizon Databook has segmented the Latin America wearable payments devices market based on fitness tracker, payment wristbands, smart watches covering the revenue growth of each sub-segment from 2016 to 2028.
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Our clientele includes a mix of wearable payments devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America wearable payments devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America wearable payments devices market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America wearable payments devices market size, by country, 2016-2028 (US$M)
Latin America Wearable Payments Devices Market Outlook Share, 2021 & 2028 (US$M)
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