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Global Smart-connected Wallets Market 2017-2021

Global Smart-connected Wallets Market 2017-2021

About Smart-connected Wallets

A smart-connected wallet, like any other wallet, is a personal accessory, which is used to carry personal belongings such as cash, transactional cards, transit cards, photographs, gift cards, and many other things. However, in the event of loss of these wallets, their location can be tracked down by users with the help of Bluetooth or Wi-Fi connectivity. These wallets are compatible with smartphones and other wireless technology-enabled digital devices, including tablets and personal digital assistants (PDAs).

Technavio’s analysts forecast the global smart-connected wallets market to grow at a CAGR of 8.72% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart-connected wallets market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • North America
  • APAC
  • Europe
  • ROW
Technavio's report, Global Smart-connected Wallets Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ekster Wallets
  • NXT-ID
  • Revol
  • Walli Wearables
  • WOOLET.CO
Other prominent vendors
  • Volterman
Market driver
  • Ease of use through smart connectivity
  • For a full, detailed list, view our report
Market challenge
  • Technology obsolescence
  • For a full, detailed list, view our report
Market trend
  • Growing omnichannel retailing
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart-connected Wallets Market 2017-2021

Technavio recognizes the following companies as the key players in the global smart-connected wallets market: Ekster Wallets, NXT-ID, Revol, Walli Wearables, and WOOLET.CO.

Other Prominent Vendors in the market are: Volterman

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing omnichannel retailing. With growth in the popularity and adoption of online retail, end-users arrive at purchase decisions after rigorous research on online sales portals. This helps them compare the features of different products and brands along with the price lines and incorporated features. Hence, the existing brands are currently focusing on delivering improved sales experiences. Players have increased their investments on devising account management and supply-chain management strategies along with user-friendly product assortments. They are launching informative and interactive websites to enhance their user-browsing experience.”

According to the report, one of the major drivers for this market is Ease of use through smart connectivity. With growing advances in design and engineering, vendors in the global smart-connected wallets market are incorporating various features such as Near Field Communication (NFC) technology and Radio Frequency Identification (RFID) blocking technology in their products to gain a competitive advantage over their rivals. Apart from product development, players are also focusing on the aesthetic appeal of the products. Manufacturers are including innovative features with enhanced built-in qualities to their products. At present, premium leather and fibers are being used by vendors to enhance the touch and feel experience of the products.

Further, the report states that one of the major factors hindering the growth of this market is Technology obsolescence. With rapid technology advances, it is imperative for manufacturers to update their product offerings to incorporate new changes or risk product obsolescence. The life of smart-connected wallets is shorter than conventional wallets. This is due to the continuous development of the technology used in smart-connected wallets, which, leads to the modification and improvisation in quality and built material of these wallets.

Companies Mentioned

Ekster Wallets, NXT-ID, Revol, Walli Wearables, WOOLET.CO., Volterman

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Global wallets market
      • Table Global smart-connected wallets market in global wallets market 2016 (% share of revenue)
  • Market landscape
    • Global smart-connected wallets market
      • Table Global smart-connected wallets market
      • Table Global smart-connected wallets market: Supply chain
      • Table Global smart-connected wallets market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by distribution channel
    • Global smart-connected wallets market by distribution channel
      • Table Global smart-connected wallets market: Segmentation by distribution channel 2016-2021 ($ millions)
      • Table Global smart-connected wallets market: Segmentation by distribution channel 2016 and 2021 (% share of revenue)
    • Global smart-connected wallets market through the offline distribution channel
      • Table Global smart-connected wallets market through the offline distribution channel 2016-2021 ($ millions)
    • Global smart-connected wallets market through the online distribution channel
      • Table Global smart-connected wallets market through the online distribution channel 2016-2021 ($ millions)
  • Market segmentation by connectivity
    • Global smart-connected wallets market by connectivity
      • Table Global smart-connected wallets market: Segmentation by connectivity 2016-2021 ($millions)
      • Table Global smart-connected wallets market: Segmentation by connectivity 2016 and2021 (% share of revenue)
    • Global Wi-Fi smart-connected wallets market
      • Table Global Wi-Fi smart-connected wallets market 2016-2021 ($ millions)
    • Global Bluetooth smart-connected wallets market
      • Table Global Bluetooth smart-connected wallets market 2016-2021 ($ millions)
  • Geographical segmentation
    • Global smart-connected wallets market by geography
      • Table Global smart-connected wallets market: Segmentation by geography 2016-2021 ($millions)
      • Table Global smart-connected wallets market: Segmentation by geography 2016 and 2021(% share of revenue)
    • Smart-connected wallets market in North America
      • Table Smart-connected wallets market in North America 2016-2021 ($ millions)
    • Smart-connected wallets market in Europe
      • Table Smart-connected wallets market in Europe 2016-2021 ($ millions)
    • Smart-connected wallets market in APAC
      • Table Smart-connected wallets market in APAC 2016-2021 ($ millions)
    • Smart-connected wallets market in ROW
      • Table ROW countries: GDP per capita 2016 ($ millions)
      • Table Smart-connected wallets market in ROW 2016-2021 ($ millions)
  • Key leading countries
    • Global smart-connected wallets market
      • Table Global smart-connected wallets market 2016: Key leading countries (% share of revenue)
    • US
    • Japan
    • Germany
    • UK
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Population by region 2016 (% of total)
      • Table Internet penetration rate by region 2016 (% of total population)
    • Market challenges
  • Market trends
    • Growing omnichannel retailing
    • Increasing security concern over debit and credit cards
    • Technology advances streamlining manufacturing processes
  • Vendor landscape
    • Competitive scenario
    • Competitive strategies
      • Table Key vendors: Analysis on geographical presence 2016
      • Table Key vendors: Comparative analysis of product pricing, product portfolio, and geographical presence 2016
  • Key vendor analysis
    • Ekster Wallets
      • Table Ekster Wallets: Product category 2016
      • Table Ekster Wallets: Product segment 2016
    • NXT-ID
      • Table NXT-ID: Brand segment
    • Revol
    • Walli Wearables
      • Table Walli Wearables: Product category
      • Table Walli Wearables: Product segmentation
    • WOOLET.CO
      • Table WOOLET.CO: Product segmentation
    • Other prominent vendor
  • Appendix
    • List of abbreviations
  • Explore Technavio

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