Smart Wallets Market Size, Share, Trends And Growth Analysis, Industry Forecasts To 2025 BY Credence Research

According to a new market research report published by Credence Research “Smart Wallets Market (By Material Type– Metallic and Non-metallic; By Sales Channel: Online and Retail Stores) – Growth, Future Prospects, Competitive Analysis and Forecast 2017 – 2025”, the global smart wallets market was valued at US$ 194.7 Mn in 2016 and is expected to grow at a CAGR of 12.1% during the forecast period from 2017 to 2025.

The complete report is available at http://www.credenceresearch.com/report/smart-wallets-market

Market Insights:

Smart wallets have gained immense popularity in the recent years on account of increasing technological advancements coupled with rising adoption of various connected products. Numerous early adopters across the world have switched from their traditional wallets to smart wallets for carrying payment cards and cash. One of the most important feature compelling the use of smart wallets has been the ability to effectively track and locate a lost or stolen wallet. In addition, bi-directional connectivity between smartphones and wallets has enabled users to secure both of their prized possessions simultaneously. Leading manufacturers of smart wallets have been engaged in incorporating several features such as power banks, pen drives, built-in camera and other essential tools, among others. Thereby smart wallets offer additional utility to the users in comparison to traditional wallets.

In the recent years, there has been a rising demand for minimalist wallets which can store essential cards and limited money notes in a small and compact enclosure. Major manufacturers of smart wallets have been increasingly focusing on designing such compact wallets with advanced features. In addition, companies have been investing heavily towards design and development of wallets made from both metallic and non-metallic materials which can offer robustness along with elegance. Thereby, smart wallets are expected to gain popularity on account of both visual and technological aspects.

Competitive Insights:

The global smart wallets market is fairly niche with most of the prominent providers being start-ups. The companies which are specifically manufacturing smart wallets have been focusing on enhancing product design and features to gain higher popularity for their products. Large manufacturers of traditional wallets are yet to completely embrace technological advancements and incorporate such features into their existing products. Some of the key players in smart wallets market include Ekster Wallets BV, Wocket (NXT-ID, Inc.), Cashew (Revol, Inc.), Walli Wearables, Woolet.co, Volterman and Voyager Smart (Cuir Ally).

Key Trends:

  • Growing popularity of smart minimalist wallets with enhanced product design and features
  • Increasing number of niche smart wallet manufacturers offering diversified products
  • Manufacturing of wallets with military grade materials to ensure optimum water resistance and enhanced tensile strength

 Latest Report

 https://www.credenceresearch.com/report/lifescience-microscopy-market 

https://www.credenceresearch.com/report/cryoablation-devices-market

https://www.credenceresearch.com/report/ocular-surgery-devices-market

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Emailsales@credenceresearch.com

Web: http://www.credenceresearch.com/

 

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *