Press release
Global Near Field Communication Market Expected to Grow by 21.30 % CAGR, Reach at US$ 23.82 billion by 2023
“The global near field communication market is expected to have a significant compounded annual growth rate of 21.30% and reach a market size of USD 23.82 Billion by 2023”. Near Field Communication is a technological innovation that uses magnetic field induction to allow communication between devices to exchange information when they are tapped together, or brought within a few centimetres of each other.
The near field communication (NFC) market is gaining traction due to its broad adoption in smartphones and tablets. NFC is widely used to pair devices like headphones and speakers and to exchange data between smartphones/tablets or other NFC enabled devices. NFC technology is making payments and transactions much more convenient since it enables contactless payments by swiping credit cards and electronic ticket smartcards, instead of inserting and entering pins for card payments.
Download Free PDF Sample Brochure of “Global Near Field Communication Market (2018-2023)” With Detailed TOC and Company Analysis at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1610956
The market is expected to grow at a strong rate as it has made its way into various fields of applications like retail, transportation, healthcare, etc. Wide adoption in systems like Samsung Pay and Android Pay are expected to make NFC technology a commonplace by creating mass awareness. Also, its recent integration with mobile giant Apple (iOS 11) is expected to help the growth of the market. Not only is NFC being incorporated in consumer electronics like smartphones and televisions, but also in the healthcare sector. Implantable medical devices require high energy efficiency and conservation. NFC technology is suitable for such uses as the NFC reader can activate the tag only when it is necessary and transfer power wirelessly.
Key Points Covered:
Chapter 1: Executive summary
Chapter 2: Introduction
2.1. Market definitions
- By product (NFC controller chips, NFC tags, NFC readers, NFC secure elements)
- By end user industry (retail, transportation, medical, banking and financial services)
- By mode of operation (peer to peer, card emulation, reader/writer)
Chapter 3: Global near field communication market overview
3.1. Global market overview
- Global historical (2015-2017) market size (USD Bn)
- Global forecasted (2018-2023) market size (USD Bn)
- Geography wise market size (USD Bn) in 2017 and 2023
- Key observations
3.2. Global trends
Chapter 4: Global near field communication market segmentation - by regions
4.1. North America
4.2. Europe
4.3. Asia Pacific
4.4. Latin America
4.5. Middle East and Africa
Chapter 5: Global near field communication market segmentation - by product
5.1. Global market share and size (USD Bn 2017) by product (NFC controller chips, NFC tags, NFC readers, NFC secure elements)
5.2. Global NFC controller chips market
- Market size (USD Bn) (2015, 2018, 2023)
- Drivers
- Challenges
5.3. Global NFC tags market
- Market size (USD Bn) (2015, 2018, 2023)
- Drivers
- Challenges
5.4. Global NFC readers market
- Market size (USD Bn) (2015, 2018, 2023)
- Drivers
- Challenges
5.5. Global NFC secure elements market
- Market size (USD Bn) (2015, 2018, 2023)
- Drivers
- Challenges
Chapter 6: Global near field communication market segmentation- by end-user industry
6.1. Global market share and size (USD Bn - 2017) by end-user industry (retail, transportation, healthcare, banking and financial services)
6.2. Global retail NFC market
- Market size (USD Bn) (2015, 2018, 2023)
- Key highlights
6.3. Global transportation NFC market
- Market size (USD Bn) (2015, 2018, 2023)
- Key highlights
6.4. Global healthcare NFC market
- Market size (USD Bn) (2015, 2018, 2023)
- Key highlights
6.5. Global banking and financial services NFC market
- Market size (USD Bn) (2015, 2017, 2023)
- Key highlights
Chapter 7: Global near field communication market segmentation -by mode of operation
7.1. Global market share and size (USD Bn 2017) by mode of operation (peer to peer, card emulation, reader/writer)
7.2. Global peer to peer NFC market
- Market size (USD Bn) (2015, 2018, 2023)
- Drivers
- Challenges
7.3. Global card emulation NFC market
- Market size (USD Bn) (2015, 2018, 2023)
- Drivers
- Challenges
7.4. Global reader/writer NFC market
- Market size (USD Bn) (2015, 2018, 2023)
- Drivers
- Challenges
Chapter 8: Global near field communication market - by regions
Chapter 9: Competitive landscape
For more information about this report visit https://www.reportsnreports.com/purchase.aspx?name=1610956
About Us: ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
Contact:
Hrishikesh Patwardhan
Corporate Headquarters
Tower B5, office 101,
Magarpatta SEZ,
Hadapsar, Pune-411013, India
+ 1 888 391 5441
sales@reportsandreports.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Near Field Communication Market Expected to Grow by 21.30 % CAGR, Reach at US$ 23.82 billion by 2023 here
News-ID: 1233457 • Views: …
More Releases from ReportsnReports
DeviceCon Series 2024 - UK Edition | MarketsandMarkets
Future Forward: Redefining Healthcare with Cutting-Edge Devices
Welcome to DeviceCon Series 2024 - Where Innovation Meets Impact!
Join us on March 21-22 at Millennium Gloucester Hotel, 4-18 Harrington Gardens, London SW7 4LH for a groundbreaking convergence of knowledge, ideas, and technology. MarketsandMarkets proudly presents the DeviceCon Series, an extraordinary blend of four conferences that promise to redefine the landscape of innovation in medical and diagnostic devices.
Register Now @ https://events.marketsandmarkets.com/devicecon-series-uk-edition-2024/register
MarketsandMarkets presents…
5th Annual MarketsandMarkets Infectious Disease and Molecular Diagnostics Confer …
London, March 7, 2024 - MarketsandMarkets is thrilled to announce the eagerly awaited 5th Annual Infectious Disease and Molecular Diagnostics Conference, scheduled to take place on March 21st - 22nd, 2024, at the prestigious Millennium Gloucester Hotel, located at 4-18 Harrington Gardens, London SW7 4LH.
This conference promises to be a groundbreaking event, showcasing the latest trends and insights in diagnosis, as well as unveiling cutting-edge technologies that are revolutionizing the…
Infection Control, Sterilization & Decontamination Conference |21st - 22nd March …
MarketsandMarkets is pleased to announce its 8th Annual Infection Control, Sterilisation, and Decontamination in Healthcare Conference, which will take place March 21-22, 2024, in London, UK. With the increased risk of infection due to improper sterilisation and decontamination practices, the safety of patients and healthcare workers is of paramount importance nowadays.
Enquire Now @ https://events.marketsandmarkets.com/infection-control-sterilization-and-decontamination-conference/
This conference aims to bring together all the stakeholders to discuss the obstacles in achieving…
Breast Augmentation Market Key Players, Demands, Cost, Size, Procedure, Shape, S …
The global Breast Augmentation Market in terms of revenue was estimated to be worth $900 million in 2020 and is poised to reach $1,692 million by 2025, growing at a CAGR of 13.4% from 2020 to 2025. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying…
More Releases for NFC
Near Field Communication (NFC) Market 2020 Global Industry Size, Share, Trend an …
Description
New Research Study ""Near Field Communication Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook"" has been added to Coherent Market insight
global near field communication market is estimated to be valued at US$ 22,282.8 million in 2021 and is expected to exhibit a CAGR of 16.4 % over the forecast period (2021-2028).
The dynamics of the Near Field Communication market is discussed…
NFC Systems Market Report 2018: Segmentation by Type (NFC readers, NFC chips, NF …
Global NFC Systems market research report provides company profile for Renesas Electronics, Sony, Qualcomm, Smartrac, STMicroelectronics, SanDisk, Broadcom, INSIDE SECURE, MediaTek, NXP Semiconductors and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report…
NFC Chips Market - NFC Can Turn Your Phone into a Digital Wallet
Near Field communication (NFC) chips are the communicating system that are best for electronic applications. The NFC chips are also potential of detecting the radio frequency identification technology. The technological advancements have further aided the evolution of shorter range radio identification technologies between two devices. This development also assist the simplifying the safer data transfer. A key trend that has been observed in the recent past years and the rising…
Growing Demand for Upgraded NFC POS Terminals to drive NFC Systems Industry
NFC systems bring two devices in close proximity to enable peer-to-peer communication. End-users use this technology to transfer information from their devices to other NFC devices, such as smartphones and NFC tags. The system directly transfers data between phones or phones and POS devices. Many mobile phone operators are looking for ways to further develop this technology.
Research analysts forecast the global NFC systems market to grow at a CAGR of…
Near Field Communication (NFC) Market (By Products - NFC Controller ICs (Chips), …
Near Field Communication (NFC) is a wireless technology and mainly finds application in mobile phones and tablets PC for data exchange and transactions in a close range. It is based on RFID technology and has emerged as an alternative to other wireless technologies for short range data exchange such as Wi-Fi, Bluetooth and other radio protocols. NFC offers added advantage of high security As compared to other wireless technologies. The…
NFC Technology Market -
Near field communication (NFC) has been around since past few years but was not yet implemented as it was undergoing pilot testing phase. Considerable research and developments have been made in this field and several prototypes are developed for number of products and applications. Major application areas of NFC include mobile payments, data sharing, and advertisement among others. Although there are limited products commercially available today using NFC technology, this…
