Blockchain Press Releases
Banking Wearable Market to Reach $62.7 Billion, Globally, by 2032 at 16.8% CAGR: Allied Market Research
The global banking wearable market growth is driven by the growth in adoption of cashless transactions, the Increase in demand for host card emulation (HCE), and the rise in demand for wearable payment devices.
PORTLAND, Ore., July 31, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Banking Wearable Market Type (Fitness Tracker, Payment Wristbands, Smart Watches, and Others) Technology (Near Field Communication (NFC), Quick Response (QR) Codes, Radio Frequency Identification (RFID), and Others) and Application (Retail, Entertainment Centers, Restaurants and Bars, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032.” According to the report, the global banking wearable industry generated $13.7 billion in 2022, and is anticipated to generate $62.7 billion by 2032, witnessing a CAGR of 16.8% from 2023 to 2032.
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Prime Determinants of Growth:
The global banking wearable market growth is driven by the growth in adoption of cashless transactions, the Increase in demand for host card emulation (HCE), and the rise in demand for wearable payment devices. However, the limited battery life of the devices, and security concerns are expected to hamper market growth. On the contrary, the growth in IoT globally acts as a major driver for invisible payments, which is expected to provide lucrative development opportunities for the banking wearable market in the forthcoming years.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$13.7 Billion |
|
Market Size in 2032 |
$62.7 Billion |
|
CAGR |
16.8 % |
|
No. of Pages in Report |
266 |
|
Segments covered |
Type, Technology, Application, and Region |
|
Drivers |
Growth in adoption of cashless transactions |
|
Increase in demand for host card emulation (HCE) |
|
|
Rise in demand for wearable payment devices |
|
|
Opportunities |
Increase in the use of NFC and RFID |
|
Integration of digital banking services |
|
|
Restraints |
High costs of banking wearable devices |
COVID-19 Scenario:
- The outbreak of COVID-19 had a positive impact on the global banking wearable market. as the pandemic had accelerated the transition to contactless payment methods to minimize physical contact with surfaces. Payment-enabled wearables, such as smartwatches or wristbands, provided convenient and secure contactless payment options. As a result, demand for payment-enabled wearables increased during the pandemic.
- Overall, the shift towards remote banking and digital experiences had created opportunities for banking wearable providers that offered seamless access to account information, transaction alerts, and authorization capabilities. In addition, the pandemic had highlighted the importance of digital innovation and technology adoption across various sectors. Therefore, the banking wearable market is growing rapidly.
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The smart watches segment to maintain its leadership status throughout the forecast period-
Based on type, the fitness tracker segment held the highest market share in 2022, accounting for around two-fifths of the global banking wearable market revenue. Customers widely opt for fitness trackers owing to their increased safety features, which protect them from fraud and identity theft at the time of payment processing. On the other hand, the smart watches segment is estimated to maintain its leadership status throughout the forecast period. The same segment is projected to manifest the highest CAGR of 20.4% from 2023 to 2032. Payment wristbands are increasingly integrated into loyalty and rewards programs. Users can collect points, discounts, and special offers by using payment bracelets for transactions. This integration increases customer loyalty and encourages the repeated use of payment wristbands. In addition, the increase in the adoption of AI-based smartwatches in the healthcare sector for monitoring patients’ health and diagnosing various health issues is expected to provide a lucrative opportunity for the market.
The quick response (QR) codes segment to maintain its lead position during the forecast period-
Based on technology, the near field communication (NFC) segment held the highest market share in 2022, accounting for nearly half of the global banking wearable market revenue, as biometric authentication methods such as fingerprint recognition and facial recognition can be integrated into NFC-enabled wearables to provide an additional layer of security. Furthermore, the shift towards mobile banking and digital transformation initiatives by banks and financial institutions further fuels the growth of NFC-enabled banking wearables. The quick response (QR) codes segment, however, is expected to maintain its lead position during the forecast period. The same segment is projected to manifest the highest CAGR of 20.2% from 2023 to 2032. This is due to the integration between QR code technology and wearable devices, which is a critical growth indicator. As banking wearables, such as smartwatches and fitness trackers, incorporate built-in QR code scanners or seamless QR code scanning capabilities, it expands the use cases and convenience for users, further driving the adoption of QR codes in the banking wearable market.
Asia-Pacific to maintain its dominance by 2032-
Based on region, Asia-Pacific held the highest market share in 2012, accounting for more than one-third of the global banking wearable market revenue, and is likely to maintain its dominance throughout the forecast period. The same region is expected to witness the fastest CAGR of 19.1% from 2023 to 2032. This is due to the existence of a large population, and the growing demand for digital devices in this region can be attributed to the growth of the market. Furthermore, market growth is expected to be driven by factors such as steady progress towards a cashless economy and changes in payment technology.
Leading Market Players: –
- Google LLC
- Apple Inc.
- Fidesmo
- Xiaomi Corporation
- Visa Inc.
- Wirecard
- Thales
- Nymi Inc.
- Gemalto NV
- Samsung Electronics
The report provides a detailed analysis of these key players in the global banking wearable market. These players have adopted different strategies, such as partnerships, product launches, and expansion, to increase their market share and maintain dominant positions in different regions. The report is valuable in highlighting business performance, operating segments, product portfolios, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the banking wearable market forecast from 2022 to 2032 to identify the prevailing market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities of banking wearable market outlook.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the banking wearable market segmentation assists in determining the prevailing banking wearable market opportunity.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global banking wearable market trends, key players, market segments, application areas, and market growth strategies.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies:
https://www.alliedmarketresearch.com/banking-wearable-market/purchase-options
Similar Reports We Have on BFSI Industry:
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Related Regional Reports:
U.S. Banking Wearable Market Size, Growth, Sales Value and Forecast 2021-2031
UK Banking Wearable Market Size, Growth, Sales Value and Forecast 2021-2031
Germany Banking Wearable Market Size, Growth, Sales Value and Forecast 2021-2031
Japan Banking Wearable Market Size, Growth, Sales Value and Forecast 2021-2031
South Korea Banking Wearable Market Size, Growth, Sales Value and Forecast 2021-2031
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SINGAPORE, March 19, 2025 /PRNewswire/ — AB DAO has officially announced a strategic partnership with Alpha Technology Group Limited (Nasdaq: ATGL). The two companies will integrate their respective strengths to drive the innovative application and adoption of artificial intelligence (AI) and blockchain technology across supply chain management, enterprise operations, and the Internet of Things (IoT).
Alpha Technology Group Limited (ATGL), listed on the Nasdaq in 2023, specializes in AI technology development. Its AI-powered enterprise resource planning (ERP) systems provide intelligent automation solutions, significantly enhancing corporate management efficiency.
AB DAO, a leading AI-driven blockchain infrastructure provider, has designed the AB IoT network specifically to integrate blockchain and IoT technologies. It has already developed mature prototype products, including blockchain-powered smart energy meters, self-service payment kiosks, access control systems, and secure storage solutions, demonstrating strong market potential across various industries.
With complementary strengths in both technology and market positioning, this partnership will focus on advancing AI and blockchain integration in logistics, supply chain, and enterprise management. By delivering more efficient and secure industry solutions, AB DAO and ATGL aim to accelerate innovation and achieve mutual success.
(Alpha Technology Group Limited Official Website: www.atgl.io)
AB DAO Ecosystem Continues to Expand
With the Hotcoin listing, users can now trade $AB on the following exchanges:
Bitget (bitget.com)
HTX (htx.com)
MEXC (mexc.com)
BingX (bingx.com)
BitMart (bitmart.com)
Lbank (lbank.com)
Hotcoin (hotcoin.com)
UEEx(ueex.com)
4E (eeee.com)
Coming Soon
Biconomy (biconomy.com)
AB will continue listing on more exchanges, expanding its ecosystem use cases and accelerating worldwide adoption.
AB DAO’s Goal: 100 Million $AB Holders
Stay Updated with AB DAO
Official Website: https://ab.org
Telegram Global Community: https://t.me/Newtonproject
Telegram Chinese Community: http://t.me/ABgonglian
Telegram English Channel: https://t.me/AB202528
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Discord: https://discord.gg/BSbgK6J
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Blockchain Press Releases
MEXC Dominates Token Listings with Highest Success Rate and Speed – TokenInsight Report
VICTORIA, Seychelles, March 19, 2025 /PRNewswire/ — MEXC, a global cryptocurrency exchange, has reaffirmed its leadership in token listings, surpassing competitors in speed, volume, and market positioning, according to the latest TokenInsight Crypto Exchange report. Covering the period from November 1, 2024, to February 15, 2025, the report provides key insights into how centralized exchanges (CEXs) adapt to shifting market narratives during the latest bull run and how these changes influence their listing strategies.
Key Takeaways
- MEXC ranked first in spot listings, with 461 new tokens added.
- The report recognized MEXC as a “Trend Capturer,” citing the strong performance of its early-listed tokens.
- MEXC led in the conversion success rate (82.46%) for memecoin listings.
- The exchange listed TRUMP just 2 hours and 20 minutes after its initial on-chain liquidity injection—far ahead of competitors.
- MEXC was among the first exchanges to list major trend-driven tokens, including PNUT, CHILLGUY, AIXBT, BIO, RIFSOL, TRUMP, and VINE.
MEXC Leads in Token Listings and Market Agility
Over the past three months, MEXC has listed 461 new spot trading pairs—1.5 times more than Gate.io and 4.5 times more than Bitget—demonstrating its superior ability to capture market momentum. The exchange has maintained a consistent two-week listing cycle, ensuring that traders gain early access to promising assets before they reach mainstream markets.
This agility is particularly evident in key industry trends, as MEXC has emerged as the first major exchange to list tokens tied to the four dominant narratives of the current market: Meme, DeSci, AI Agent, and Celebrity Tokens.
A Leader in Early Listings
The TokenInsight report recognizes MEXC as a “Trend Capturer” for positioning its traders ahead of major market moves. By listing tokens early in their lifecycle, the exchange enables traders to capitalize on rapid growth opportunities.
For example, CHILLGUY was listed when its market cap was below $150 million and surged to $600 million within just ten days. MEXC’s reputation for early-market foresight has been reinforced by its rapid listing of high-performing tokens, including PNUT, CHILLGUY, AIXBT, BIO, RIFSOL, TRUMP, and VINE. Many of these tokens experienced significant price surges post-listing.
A standout case is TRUMP, which MEXC listed on January 18 at 03:20 UTC, just 2 hours and 20 minutes after its initial on-chain liquidity injection—well ahead of other exchanges, which didn’t follow until after 10:00 UTC. This ultra-fast turnaround underscores MEXC’s sharp market responsiveness, allowing traders to access high-momentum tokens before broader adoption.
Quality in On-Chain Listings
Unlike platforms that focus solely on token volume, MEXC takes a selective approach, prioritizing high-potential on-chain assets. TokenInsight’s data reveals that MEXC’s 82.46% conversion rate from on-chain listings to its primary spot market far surpasses Gate.io’s 11.76%, highlighting its ability to identify sustainable projects.
Largest Market Share and Top 5 CEX Ranking
With its ability to identify and list emerging trends faster than competitors, MEXC continues to solidify its position among top-tier exchanges. Beyond leading in new listings, CoinDesk data confirms that MEXC captured the largest market share among centralized exchanges in February 2025 and secured a top-five ranking based on overall market share.
The full report is available on TokenInsight’s official website.
About MEXC
Founded in 2018, MEXC is dedicated to being “Your Easiest Way to Crypto.” Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 34 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.
For more information, visit: MEXC Website | X | Telegram | How to Sign Up on MEXC
About TokenInsight
TokenInsight is a leading research and data analytics firm focused on the cryptocurrency and blockchain industry. Through detailed market reports and data-driven insights, TokenInsight provides actionable intelligence to investors, exchanges, and industry participants.
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Blockchain Press Releases
HTX Research Analysis: Bittensor’s dTAO Upgrade Redefines Decentralized AI Infrastructure
SINGAPORE, March 19, 2025 /PRNewswire/ — HTX Research, the research arm of HTX Group, has released an in-depth report titled, “dTAO and the Evolution of Bittensor: Reshaping Decentralized AI with Market-Driven Incentives.”. The evolution of artificial intelligence has transitioned from foundational model development to the refinement and optimization of existing systems, a trend exemplified by industry leaders such as DeepSeek and OpenAI. This analysis examines how Bittensor’s Dynamic TAO (dTAO) upgrade addresses inherent challenges within decentralized AI, positioning the network as a pioneering force in this emerging sector.
Bittensor’s Architecture: Foundation for a Decentralized AI Ecosystem
Bittensor’s architecture is structured around three core components: the Subtensor blockchain, a Polkadot parachain with EVM compatibility; 64 specialized subnets; and a governance-focused Root Subnet. The network employs a dual-key security system, Coldkey-Hotkey, and a subnet UID framework to facilitate secure and open participation for miners and validators. At the core of its operational model is the Yuma Consensus (YC), a dynamic incentive mechanism that diverges from traditional static reward systems. YC assesses validators’ weight vectors, derived from historical performance and stake, to distribute TAO rewards every 12 seconds, establishing a self-regulating “stake → weight → reward” loop. This mechanism aligns contributions with incentives while mitigating malicious activities through continuous adjustments.
The dTAO Upgrade: Market-Driven Resource Allocation
The dTAO upgrade, implemented on February 13, 2025, introduces liquidity pools for subnet tokens, fundamentally altering Bittensor’s economic framework. Key innovations include:
- Subnet Token Liquidity Pools: Each subnet’s dTAO tokens are paired with TAO in automated market-maker pools, enabling price discovery driven by supply-demand dynamics.
- Emission Rebalancing: 50% of new subnet emissions are injected into liquidity pools, incentivizing long-term participation.
- Validator-as-VC Dynamics: Validators now act as venture capitalists, strategically staking TAO into high-potential subnets to maximize returns.
This upgrade addresses previous systemic limitations, such as validator centralization, resource redundancy, and misaligned incentives. By linking subnet rewards to market performance, dTAO fosters competition, encouraging the development of specialized AI solutions, ranging from multimodal content detection to decentralized search engines.
Ecosystem Impact: Emergence of High-Performance Subnets
The implementation of dTAO has led to the emergence of high-performing subnets, operating within a self-reinforcing feedback loop where increasing token prices attract greater TAO emissions, subsequently drawing more users and validators. Examples include:
- Chutes: A CLI toolkit for deploying decentralized apps, Chutes’ subnet token surged rapidly, driven by its integration with Bittensor’s Subnets 19 and 56.
- Multi Modality (Subnet 4): Focused on AI-generated content detection, this subnet leverages balanced validator-miner challenges to ensure model accuracy.
However, projects like Kaito highlight potential pitfalls, demonstrating that technical proficiency alone does not guarantee success without robust integration with core product utility.
Despite the advancements introduced by dTAO, HTX Research also identifies ongoing challenges, including the lack of real-world demand drivers for TAO rewards, the potential for resource redundancy among overlapping subnets, and persistent validator centralization. To ensure sustained growth, HTX Research emphasizes the necessity for on-chain verifiability, standardized subnet performance benchmarking systems, and the integration of subnet token utility, such as governance or service access, to reduce speculative trading.
Bittensor’s dTAO upgrade signifies a transition from centralized governance to market-driven incentives. While challenges remain, the network’s architecture and economic model provide a solid foundation for decentralized AI innovation. As subnet tokens evolve into tools with tangible utility, Bittensor is positioned to redefine collaborative and competitive dynamics within AI ecosystems.
HTX Research remains committed to providing comprehensive analyses of these developments, offering actionable insights into the intersection of AI and blockchain technology. For the complete report, please visit Here.
About HTX Research:
HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends. Committed to providing data-driven insights and strategic foresight, HTX Research plays a pivotal role in shaping industry perspectives and supporting informed decision-making within the digital asset space. Through rigorous research methodologies and cutting-edge analytics, HTX Research remains at the forefront of innovation, driving thought leadership and fostering a deeper understanding of evolving market dynamics.
Contact: [email protected]
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