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Near Field Communication Market is Projected to Reach USD 47.43 Billion By 2024

08-02-2018 12:37 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Xpodence Research

Near Field Communication Market is Projected to Reach USD 47.43

In this report, the Near Field Communication (NFC) market was valued at USD 4.80 Billion in 2015, and is projected to reach USD 47.43 billion by 2024, growing at a CAGR of 27.2% over the forecast period.

"Near Field Communication (NFC) Market", published by Xpodence Research, provides extensive insight and analysis of the NFC Market over the next eight years (2015-2025) and acts as a vital point of reference for operators or suppliers.

The NFC enabled devices has been anticipated to grow at tremendous rate owing to continuous transition of data transfer from conventional ways to smart technology. Increasing volume of cashless transactions, and growing adoption of smart appliances are expected to drive the technology growth. Furthermore, declining prices of NFC chips, and increasing adoption of mobile commerce will also benefit the NFC technology over the forecast period.

Sample Brochure Enlightening the New Advancement and Future Prospects : https://www.xpodenceresearch.com/Request-Sample/105852

Rising adoption & proliferation of digital wallets & apps payment have encouraged non-payment technology firms to enter into payment landscapes, henceforth, driving the market growth. Moreover, device penetration and well-established infrastructure in developed regions are supporting mobile transactions among consumers and financial institutions. The rising demand for better government policies and security issues is predicted to propel the NFC technology.

The rapid proliferation of mobile payment services has accelerated collaboration amongst the industry participants resulting in the development of the technology in the Asia Pacific region. The international banks are actively investing in building the mobile payment network which is further predicted to increase the application segment collaborating the financial service provider and retailers. Furthermore, the Europe region is projected to witness major technological developments in various applications which include NFC-based transactions, ticketing and access control.

The report includes -

Segmentation: On the basis of product, the report displays the revenue, market share and growth rate of each type, primarily split into
• NFC Tags
• NFC Covers
• SD Cards
• NFC ICs
• SIM Cards
• NFC Readers

Based on application, the report displays the revenue, market share and growth rate of each type, primarily split into

• Access Control
• Data Sharing
• Ticketing
• Medical Devices
• Product Identification
• Transaction

Geographic Segmentation: This report split global market into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America, with revenue (Billion USD), market share and growth rate of NFC market for these regions, from 2015 to 2025 (forecast)

• North America: U.S., Rest of North America
• Europe: Germany, France, UK, rest of Europe
• Asia Pacific: China, Japan, India and Rest of Asia Pacific
• Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA
• Latin America: Brazil and Rest of Latin America

Obtain Report Details @ https://www.xpodenceresearch.com/Reports/Near-Field-Communication-Market

Key players: Overview of market leaders in NFC market by top manufacturers/players, with NFC revenue (Billion USD) and market share for each manufacturer/player; the top players including Apple Inc., Visa Inc., Broadcom Corporation, Toshiba Corporation, DeviceFidelity, Inc., Texas Instruments Incorporated, Gemalto NV, STMicroelectronics N.V., Huawei Technologies Co., Ltd., SONY Corporation, Identiv Group, Inc., Samsung Electronics Co., Ltd., Infineon Technologies AG, Renesas Electronics Corporation, Inside Secure, On Track Innovations (OTI) Ltd, Mediatek Inc., and NXP Semiconductors N.V.

About Us-

Xpodence Research is a U.S. based Market Research Company and offers the most extensive collection of progressive surveying syndicated and customized research reports of various categories for private and public industries across the globe.

We offer the comprehensive market research solution for all the industries by performing the in-depth study of industry trends, verticals globally. We believe in building an eternal bond with our customers through providing them inclusive research study both customized and syndicated based on their specific requirements.

The organizations in every industry such as Technology, Pharmaceuticals, Consumable Goods, Food & Beverage and others demands a market-based solutions for various significant decisions based on productivity and output globally. Our services are tailored specifically to our clients by proposing them the potential outcome, based on our in-depth analysis and insights for exploring the growth strategies through providing the best possible decision for quality production.

Contact Us-

Xpodence Research
USA Office
244 , Madison Avenue
New York City, NY - 10016
United States
Toll Free +1- 844-445-2861
Email-sales@xpodenceresearch.com

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