NFC is very convenient as it is easy to use and NFC enabled devices can be carried anywhere without much hassle. On the other hand, factors which are restraining the growth of NFC market are security concerns due to hacking of smartphones, PCs or tablets etc.
Natural disasters, political unrest and economic issues threaten pockets of future growth. Yet not all the news is good news. Furthermore, increasing demand for connectivity between devices for sharing information and data through online and in-store payments in a retail store has also led to the growth of the NFC technology in the segment.
The growing development in NFC technology has encouraged consumers to make small and large payments using the mobile devices.
It maintains interoperability between various wireless communication methods such as FeliCa—NFC standards popular in Japan—and Bluetooth. Banking entities, payment gateways, businesses and payment processors are expanding with the emerging payment technologies.
Asia Pacific region is expected to show high growth rate during forecasted period because of increasing awareness and adoption of NFC technology into retail and transportation. The important benefit of NFC over Bluetooth is shorter set-up period.
Also, NFC works on devices that are not driven by battery such as smart credit card. Also, global NFC market is bolstering due to increase in adoption of NFC technology in tablet, smartphones and other similar devices.
NFC transfers data by bringing the devices closer or by touching them together. Whenever data information was unavailable for the base year, the prior year has been considered. For the data information by region, company, type and application, is considered as the base year.
NFC is a short range communication technique that allows devices to share information. The regions considered in the scope of the report Major segments analyzed are application and product. Canadian smartphones are used widely for checking balances, online transaction, and funds transfer, which offers an opportunity of further technological advancements.
Asia Pacific is anticipated to experience a faster growth in the coming years due to rise in adoption of NFC technology and increasing awareness.
Factors which are driving the growth of NFC market are increasing deployment of NFC in the booming smartphones and smart camera market, increase in contactless payments, improved user experience and reduction in size and cost of semiconductor chips.
Global NFC Market, - USD Billion Growing popularity of mobile devices and the increasing number of online consumers is expected to drive the demand for m-commerce.
NFC allows easy payments and enable users to transfer data, play games, share information and access social networking sites. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients.
Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research. Out of all these applications contactless payment application is expected to remain dominant throughout the forecasted period.
Proliferation of smartphone with increasing need for better consumer experience is expected to propel the demand.
NFC is now gaining traction in the healthcare industry, and has caught the eye of various medical device manufacturers for use in their products. Sample Copy of this Report is Available at: NFC is much more secure for transaction than other techniques as it requires PIN and does not provide physical access of your credit card information to retailers.
It allows users to make fund transfers between friends, family, and businesses using their mobile number. North America region is largest in terms of market share with USA leading the market. The emergence of the mobile wallet services has allowed users to pay for services through mobile devices or through cashless payment modes, which have further enhanced near field communication market growth.
Between the forecasted years ofthe market is anticipated to witness a CAGR of Annual estimates and forecasts are provided for the period through It allows users to make both in-store and online payments by scanning QR codes displayed at merchant counters or webstores with a mobile phone.
Increasing adoption of mobile payment services has led to the intensive utilization of POS with the launch of e-wallet and Apple Watch. The assessment of the winning strategies followed by these companies can help Performance Management Software industry not only strategize but also execute industry operations by referring to the statistics about competitor analysis.
SIM card type near field communication is expected to have the substantial transaction revenue over the projected period owing to the technological advancement and increasing penetration of smartphones The transaction segment is estimated to have the significant market share and is expected to remain as the key segment for generating revenue over the forecast period.
Furthermore, well-established infrastructure and device penetration in developed markets are supporting mobile transactions among individuals and between financial institutions and consumers.
In this report, the global Near Field Communication (NFC) Tags market is valued at USD XX million in and is expected to reach USD XX million by the end ofgrowing at a. Near Field Communication (NFC) Market to - Global Analysis and Forecasts by Device Operating Mode, Product & Software and Industry with pages available at USD for single User PDF at ReportsWeb research database.
The research report includes key market information related to the present market size, share, key performing regions, leading brands present in the Automotive Near Field Communication. Nov 21, · Near Field Communication (NFC) market research report provides an insight of top players in Global market their market share, sales, revenue and a.
ABSTRACT Near Field Communication (NFC) is a promising technology that provides many advantages for applications in the medical service domain. In this paper, we present a comprehensive study of the NFC technology and its security requirements for healthcare applications. Global Automotive Near Field Communication Systems Market Research Report This research report is an exhaustive study of the automotive near field communication systems market, which attempts to present a clear picture of the key factors that shape this market to the readers.Near field communication research report