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NFC Technology Market Poised for an Explosive Growth in the Near Future
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NFC technology market is expected to grow at compounded annual growth rate of 68.8% owing to increase in market share of SIM based model and handset embedded model in near future. NFC technology is rapidly adopted in number of mobile applications, thus adding to the growth of NFC technology industry. This technology is largely implemented in developed economies like North America and Europe which are the major contributors in NFC chips industry sharing over more than 60% of the total market share. NFC technology is expected to grow rapidly in Asia Pacific market owing to increasing use of mobile phones and wireless applications.
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Market Segmentation
Based on Product
NFC Chip
Micro SD Card
Integrated SIM
Reader and Middleware
Based on Application
Mobile Payment
Ticketing
Booking
Data Sharing
Access Control
Infotainment
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