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World Near Field Communication Systems Market Size,Opportunities and Forecasts,2021-2028

06-30-2021 11:46 AM CET | IT, New Media & Software

Press release from: Allied Market Research

World Near Field Communication Systems Market

Near field communication system is an addition to short range wireless communication technology following the advent of Bluetooth and WIFI. NFC differentiates itself from Bluetooth and Wi-Fi by operating on the principle of electromagnetic radio field as compared to the feature of RFID. It facilitates the direct data exchange between two NFC enabled devices such as smartphones eliminating the stepwise procedure required to set up the connection. It also facilitates data transmission between an active (powered) device such as smartphone and passive (unpowered) devices such smart credit card with an NFC tag. NFC works in a very close proximity of about 10 cm, thereby providing a high degree of secured connection required in crowded locations. NFC systems finds a large number of applications in data sharing, payment making, tag applications, banking operations, healthcare and others.

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The market for NFC is expected to indicate rapid growth in future with the increasing adoption of mobile commerce and NFC standards at a global level. Potential scope for a large number of applications such as data sharing, payment making, tag applications, banking operations and others will drive the NFC systems market. In its nascent stage, the market may find the lack of presence for auxiliary equipment required for Near Field Communication which may slow down the growth of NFC systems market. The report includes critical examination of key factors influencing the market with an analysis of market drivers and restraints.

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North America and Europe are the leading regions for the NFC systems market owing to the rapid technological evolution in countries such as U.S., Canada, Mexico, U.K, Germany and others. The report showcases the scope and opportunities for the NFC systems market at a global level covering various market segments based on products, applications and geography.
The major players in this market are Gemalto, Broadcom, Infineon Technologies, Inside Secure, NXP Semiconductors, MediaTek, Samsung Electronics Corporation, Renesas Electronics Corporation, Texas Instruments and STMicroelectronics NV. The report highlights the analysis of key players along with their product portfolios, financials, strategies and recent developments.

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KEY BENEFITS

The study features extensive research of the NFC systems market and illustrates the current and future orientation of its market position
The report provides a current market scenario 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 systems 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 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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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based inPortland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in theirrespective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics,Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data
that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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