Near Field Communication Market 2014 – 2020: Key layers Such as Infineon Technologies, Apple Inc., NXP Semiconductors, Samsung Electronics Co. Ltd., Broadcom Corporation, Toshiba Corporation and Inside Secure (now acquired by Intel), amongst others.

NFC Market (Near Field Communication Market) Report, published by Allied Market Research, forecasts that the global market is expected to garner $24.0 billion by 2020, registering a CAGR of 40.4% during the period 2015-2020. North America dominates the global NFC market, owing to the huge demand exhibited by the U.S. for near field communication technology. However, Asia-Pacific region is expected to exhibit a faster growth over the forecast period 2015-2020.

Based on the product type, global NFC technology market is bifurcated into NFC chip, NFC tag, NFC reader, NFC enabled SIM and others. NFC readers garnered the maximum share in 2014 (accounting for 45%) of the total market revenue. In terms of growth, the other product segment is estimated to register the fastest CAGR of 43.9%, during the forecast period 2015-2020. Among the device type segment which comprises smartphones, PC & laptops and other devices (infotainment and stereo headphone), smartphones dominated the market in 2014, accounting for 60% share in terms of revenue.

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The key applications of NFC technology include contactless payment, information sharing, user authentication and access control, monitoring healthcare systems and others. Mobile or contactless payment dominated the global near field communication market by application, accounting for 33% market share in terms of revenue in 2014. It offers faster transactions as compared to conventional cash, credit or debit card transaction. However, monitoring healthcare systems segment would witness the highest CAGR of 42.8% during the forecast period. In this application, NFC sends data in encrypted form to reduce the possibility of information security breach.

Further, the NFC market is analyzed based on geography into North America, Europe, Asia-Pacific and LAMEA. North America dominated the global NFC market, accounting for 34.7% market share in 2014. The region would maintain its dominance during the forecast period. However, Asia-Pacific is expected to witness the fastest growth at a CAGR of 43.1% during the same period.

The report also outlines the competitive scenario of the near field communication market, providing a comprehensive study of the key strategies adopted by companies operating in the NFC market. Key companies profiled in the report include, Infineon Technologies, Apple Inc., NXP Semiconductors, Samsung Electronics Co. Ltd., Broadcom Corporation, Toshiba Corporation and Inside Secure (now acquired by Intel), amongst others.

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Key Benefits:

•The study features extensive research of the systems in NFC market and illustrates the current and future orientation of its market position
•The report provides a current scenario of near field communication market with a forecast through 2014-2020, considering 2013 as the base year
•A detailed analysis of market segments measures the potential of market. These segments outline the favourable conditions for growth of the NFC systems market
•The report covers an in-depth analysis of the key factors influencing the NFC market
•Porters Five Forces model is used to analyse the potency of buyers & suppliers, and highlight the competitive structure of the market, to enable the NFC market players in developing effective strategies
•Industry Value chain analysis highlights the key intermediaries involved and elaborates their roles and value addition at every stage in the chain

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