Press release
Global NFC Transaction Market to grow at a CAGR of 55.23% during the period 2016-2020.
"The Report Global NFC Transaction Market 2016-2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"Description
About NFC Technology
NFC technology is a short-range (around10 centimeters) connection that adheres to technology standards and uses high-frequency wireless communication technology to exchange data between devices. It has revolutionized the ways in which people access and use information. NFC-enabled devices are used for applications such as mobile payment, ID authentication, transportation, and loyalty programs.
Technavios analysts forecast the Global NFC Transaction Market to grow at a CAGR of 55.23% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global NFC transaction market for 2016-2020. To calculate the market size, the report considers the revenue generated from the NFC transaction done through mobile devices and wearables.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global NFC Transaction Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Apple
MasterCard
PayPal
Samsung
Visa
Other prominent vendors
American Express
Broadcom
Gemalto
Infineon Technologies
INSIDE Secure
MediaTek
Nokia
NXP Semiconductors
Qualcomm
Renesas Electronics
Market driver
Increased adoption of mobile payment and digital wallet service
For a full, detailed list, view our report
Market challenge
Interoperability issues across the value chain
For a full, detailed list, view our report
Market trend
Increased awareness about mobile wallet
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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