Near Field Communication (NFC) Tags Market to Reach $15.58 Billion by 2030 | Business Development Strategies by Top Industry Players

According to a new report published by Allied Market Research, titled, "Near Field Communication (NFC) Tags Market by Tag Types, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global near field communication (NFC) tags market size was valued at $3.80 billion in 2020, and is projected to reach $15.58 billion by 2030, registering a CAGR of 15.6%. Asia-Pacific is expected to be the leading contributor toward the global market during the forecast period, followed by Europe and LAMEA.

The study covers a comprehensive analysis of the prime market players, driving factors, top investment pockets, and major market trends. Moreover, it sheds light on important market segments and highlights the largest-growing and fastest-growing segments of the market. Moreover, the study offers granular, robust, and qualitative data regarding how the market is changing.

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The global Near Field Communication (NFC) Tags Market includes a detailed analysis of the varying driving and restraining factors. These factors help understand the reason behind the market growth and which challenges the market players to have to look out for. Furthermore, the report includes an analysis of upcoming opportunities which would help market players get ready for upcoming trends.

Furthermore, the report covers a market summary, future estimations, and current industry trends to aid new market entrants to formulate new, lucrative business strategies.

Key Benefits for Stakeholders

• This study comprises analytical depiction of the Near Field Communication (NFC) Tags Market along with the current trends and future estimations to depict the imminent investment pockets.
• The overall Near Field Communication (NFC) Tags Market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current Near Field Communication (NFC) Tags Market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
• Porter's five forces analysis illustrates the potency of the buyers and suppliers in the market.
• The report includes the Near Field Communication (NFC) Tags Market share of key vendors and market trends.

Valuable insights on the Near Field Communication (NFC) Tags Market:

The report offers a SWOT analysis that helps understand the challenges and driving factors in the market. In addition, the global Near Field Communication (NFC) Tags Market report offers the study of the industry on the basis of several parameters including sales, market size, sales analysis, and major driving factors. The report includes SWOT analysis, Porter's five forces analysis, financial analysis and portfolio of market players, and a business overview of products and services offered by leading companies. The SWOT analysis is essential to understand both positive and negative attributes of the market and Porter's five analyses as well as Pestel's analysis highlights which factors could help in the long term and offer lucrative opportunities.

These statistical tools offer vital information regarding top market giants and aid in recognizing profitable opportunities in the market. Furthermore, the analysis helps new industry entrants, stakeholders, and shareholders to devise profitable business strategies and take advantage of new opportunities in the industry.

The Near Field Communication (NFC) Tags Market report outlines upstream raw materials, downstream customer surveys, industry development trends, and marketing channels, which provide vital information about leading manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The global Near Field Communication (NFC) Tags Market report includes an analysis of prime market trends and growth factors. The analysis of drivers and opportunities aids in studying dynamic industry trends and how companies can benefit from such trends. However, the report offers restraints and challenges in the report that helps in understanding market investments. The Near Field Communication (NFC) Tags Market provides both qualitative and quantitative analysis of the market along with analysis of the value chain, key regulations, and pain points.

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Regional analysis of the Near Field Communication (NFC) Tags Market

The global Near Field Communication (NFC) Tags Market provides detailed information on the basis of type, applications, end user and region. The market is divided on the basis of region. The regions analyzed in the report are North America (United States, Canada, and Mexico), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), Europe (Germany, France, UK, Russia, and Italy), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). This market report aids to formulate business strategies and recognize lucrative opportunities.

Major Market Players Analyzed in The Report:

The global Near Field Communication (NFC) Tags Market report covers the segmentation and study of prime market players. The prime companies include Broadcom Inc., Identiv Inc., Infineon Technologies, NXP Semiconductors, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd., Sony Corporation, STMicroelectronics, Texas Instruments Incorporated, and Thales Group.

These companies have adopted several business strategies such as new product launches, partnerships, collaboration, and mergers & acquisitions. These market developments help new industry entrants understand profitable strategies and make informed decisions. This study offers a comprehensive study of major impacting factors and prime investment pockets in the market.

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CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter's five forces analysis
3.3.Patent analysis

3.3.1.NFC tags patent analysis, by region (2012-2021)
3.3.2.NFC tags patent analysis, by applicant

3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Rise in proliferation of smartphones
3.4.1.2.Increasing adoption of wearable technology
3.4.1.3.Surge in focus toward providing improved customer experience

3.4.2.Restraint

3.4.2.1.Short operational range and security concerns

3.4.3.Opportunities

3.4.3.1.Recent technological advancements in NFC

3.5.COVID-19 impact analysis

3.5.1.COVID-19 outbreak
3.5.2.Impact on market size
3.5.3.Parent industry impact
3.5.4.Key player strategies to tackle negative impact

3.5.4.1.Limiting cuts to R&D expense
3.5.4.2.Focusing on next-generation products
3.5.4.3.Shifting toward agile supply chain model

3.5.5.Opportunity window

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, 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 their respective market domain.

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