1st April 2020 – Global Near
Field Communication (NFC) Market report offers the latest industry trends,
technological alteration and forecast data. A deep-dive view of Near Field
Communication (NFC) industry based on its size, growth, development plans, and
opportunities is offered by this report. The forecast information, SWOT
analysis, Near Field Communication (NFC) barriers, and feasibility study are
the vital aspects evaluated in this report.
Synopsis:
The scope of the global Near Field
Communication (NFC) Market was appreciated at US$ 4.80 billion in 2015. The
range is projected to touch US$ 47.43 billion during the forecast period. The
business is composed for an extraordinary development during the period of
forecast, due to the growing infiltration of smartphones in the emerging
economy. By means of the introduction of Apple Watch and e-wallet, increasing
implementation of mobile payment services has directed toward the rigorous
operation of Point of Sale (POS).
The processors of payment, banking units
and payment gateways are likely to increase the skills for accepting the
new-fangled enriched technology. The arrival of the mobile wallet services has
permitted customers to pay for services over mobile apparatuses or over methods
of cashless payment. This have additionally improved development of the market
for near field communication.
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Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Near Field Communication (NFC) Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive developments
such as joint ventures, strategic alliances, mergers and acquisitions, new
product developments, and research and developments in the global Near Field
Communication (NFC) Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
Drivers:
The growing demand for the near field
communication centered payment results has directed the manufacturing companies
to develop an improved form of the digital payment platform, additionally
increasing the development of the near field communication market. The arrival
of mobile wallets, for example Samsung Pay, Android Pay and Apple Pay are also
likely to additionally motivate the considerable developments of mobile
payments, due to their ability of paying over mobile phones rather than using
cards or any additional method of cashless payment. Due to the growing number
of sellers, it is estimated to upsurge the awareness regarding it and boost the
development of arrangement for the near field communication. The growing
necessity for dropping the price of possession and the improved suitability
will carry on to diktat the development of the market.
Regional Lookout:
By Region the global near field
communication market can be classified as North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa. The market for near field
communication in Asia Pacific was projected to stay as the important region for
the generation of an income. It was responsible for the share of more than 20%
during 2015. The growing infiltration of tablets and smartphones is projected
to be the cause behind the acceptance of the technology of near field
communication.
The speedy expansion of mobile payment
services has fast-tracked group efforts among the business members causing in
the progress of the technology. The multinational banks have been actively
capitalizing in constructing the network for mobile payment. This is
additionally estimated to upsurge the application sector, retailers and the
financial service providers will act as a team.
The market in Europe is projected to
observe most important growths in a number of uses. This comprises near field
communication centered transactions, access control and ticketing during the
period of forecast. Increasing implementation of near field communication
technology has directed to improved application of Point of Sale (POS) stations
at retail openings for Visa Cards and contactless mobile payments.
Companies:
The companies operating in the
market are continuously presenting innovative and better-quality near field
communication empowered apparatuses to upsurge the base of clients and to
increase the product presentations of the product. Some of the important
companies for near field communication industry are: Mediatek Inc., NXP
Semiconductors, Infineon Technologies AG, and Huawei Technologies Co., Ltd.
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