Near Field Communication (NFC) - Wearable Payments Devices Market Statistics
The global near field communication (nfc) wearable payments devices market size was valued at US$ 11,357.4 million in 2024 and is estimated to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030.
Related Statistics
Near field communication (nfc) - Wearable payments devices market highlights
- The global near field communication (nfc) segment generated a revenue of USD 2,505.0 million in 2021 and is expected to reach USD 15,898.8 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 30.9% by 2028.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2028.
Market summary
| Market revenue in 2021 | USD 2,505.0 million |
| Market revenue in 2028 | USD 15,898.8 million |
| Growth rate | 30.9% (CAGR from 2022 to 2028) |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
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