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NFC Payments Market Growth Prospectus to 2027 - Business Opportunities by Paypal, Paytm, Samsung Electronics, Square Capital, LLC., Visa

12-24-2020 03:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Insight Partners

The Insight Partners

NFC payment is method for transferring funds using the near-field-communication (NFC) technology. The near-field-communication (NFC) requires distance of 4 cm or less in order to transfer the information from one source to another. NFC payment are majorly happening through smartcards and smartphones. Smartphones powered by NFC technologies required NFC enabled payment application in order make payment using NFC.

NFC Payments Market Forecast to 2027 - COVID-19 Impact and Global Analysis By COMPONENT (Solution, Service); Payment mode (Smartphones, Smartcards, Others); Industry Vertical (Retail, Healthcare, Hospitality, Energy and Utilities, Transportation and Logistics, BFSI, Others) and Geography

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Owing to increasing in inclination towards paperless payment across the globe due to user convenience, the NFC payment is experiencing a growth. However, security concerns related to NFC payment is hampering the growth of the NFC payment market. Meanwhile, the increasing deployment of NFC enabled smartphones is projected to flourish the NFC payment market in forth coming future.

MARKET SCOPE

The "NFC Payment Market Analysis to 2027" is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of NFC payment market with detailed market segmentation by type, deployment, industry vertical, and geography. The global NFC payment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading NFC payment market players and offers key trends and opportunities in the NFC payment market.

MARKET SEGMENTATION

The global NFC payment market is segmented on the basis of component, payment mode, and industry vertical. On the basis of component, the market is segmented as solution and service. On the basis of payment mode, the market is segmented as smartphones, smartcards, and others. On the basis of industry vertical, the market is segmented as retail, healthcare, hospitality, energy & utilities, transportation & logistics, BFSI, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global NFC payment market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The NFC payment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

Top Listed Players in NFC Payments Market are-

- Apple Inc.
- Garmin Ltd
- Google
- Mastercard
- NortonLifeLock Inc.
- Paypal
- Paytm
- Samsung Electronics
- Square Capital, LLC.
- Visa

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The Insight Partners
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Email :sales@theinsightpartners.com
Phone : +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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