Next Generation Implantable Mobile Payments Market Outlook and Forecasts 2020 – 2027

Next Generation Implantable Mobile Payments Market Outlook and Forecasts 2020 – 2027

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 adornments (such as jewelry), the majority of today's wearable devices need to be placed onto the body. In contast implantable technologies are alway on the consumer's body, representing an ever-present means of engaging in commerce.

With the deployment of 5G broadband communications, Mind Commerce sees 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. Mind Commerce sees this trend pointing to ultimately a digital-only payments society in which physical money (cash) will virtually disappear. Every retail sector will be integrated with mobile payment systems, effectively removing hard-cash transactions from the mainstream economy. Implantable technologies are the most efficient way to support this realization.
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 payments solutions and includes forecasts for 2020 to 2027. The report takes into consideration many factors including macro-economic factors such banking availability and drive towards a cashless society as well as micro-economic factors such 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