Next Generation Mobile Payments by Implantable Technology 2020 - 2025

The Future of the Mobile Payments Market is Implantable Technologies for Anywhere, Anytime Commerce

Wearable devices increasingly allow users to purchase products and services from wristbands or eyewear such as AR headsets. While wearable products may be either practical (such as clothing), add-ons (such as a smartwatch), or an adornment (such as jewelry), the majority of today's wearable devices need to be placed onto the body. In contrast, implantable technologies are always on the consumer's body, representing an ever-present means of engaging in commerce.

With the deployment of 5G broadband communications, we see AR technology emerging as an important payment interface for marketing, advertising, and shopping. Users may also interact with service experiences by way of hologram screens and conduct payment transactions. Some use cases will require no thinking on the part of the user whatsoever, such as tolls and payments in busy places such as train stations, sporting events, and concerts.

A major trend is underway for a cashless society, which is anticipated to peak within a decade. On-the-go payment ecosystems with smartphones, wearable devices, and implantable technology will accelerate the transition to this vision of commerce. We see this trend pointing to ultimately a digital-only payments society in which physical money (cash) will virtually disappear. Every sector will be integrated with the mobile payment system removing the transaction of any hard cash.

This report assesses the mobile commerce industry with emphasis on next-generation mobile payments including wearables and implantable technologies. The report evaluates market opportunities for implantable mobile payment solutions and includes forecasts for 2020 to 2025. The report takes into consideration many factors including macro-economic factors such as banking availability and drive towards a cashless society as well as micro-economic factors such as segment propensity to pay via non-traditional means.

Target Audience:

• Wearable companies
• Financial institutions
• Application developers
• Mobile device vendors
• Mobile network operators
• Mobile commerce companies
• Wireless infrastructure companies

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