Near Field Communication (NFC) Market May See a Big Move | Infineon Technologies, Apple , NXP Semiconductors,

Near Field Communication (NFC) Market , including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth. Additionally, included in this study are the market's significant accomplishments, studies and upgrades, new product introductions, a local boom, fierce competition against the norm, and local scale. The business report analysis and insights contain the boom in producer guidance sales, percentage, supply, opportunity, problems, and improvement restraints.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

Near field communication (NFC) is a set of wireless technologies that use magnetic field to facilitate communication between devices when they are kept within a radius of 10 cm from each other. The world near field communication market was valued at $3.2 billion in 2014 and is expected to grow at a CAGR of 40.4% during the forecast period (2015-2020), to reach $24.0 billion by 2020. The world near field communication market has exhibited moderate growth during the past few years; however, it is expected to exhibit robust growth during the forecast period.

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Increasing penetration of smartphones for convenient & secure online transactions and growing popularity of contactless payments are some key factors driving the global NFC technology market. Smartphone is the most common NFC enabled device available in the market. These smartphones allow users to interact with other devices such as in-car infotainment system, PCs and laptops to access information & others.

The world near field communication (NFC) market is segmented on the basis of product type, devices, application and geography. Based on the products available, the market is segmented into auxiliary and non-auxiliary products. NFC tags, NFC chips, and NFC readers are key types of non-auxiliary products, whereas NFC enabled sim and others (NFC covers and cards) are the key auxiliary products discussed in the report. Based on the device type, the market is segmented into smartphone & tablets, PC & laptops and others (infotainment and stereo headphone). Further, NFC technology finds its major applications in mobile/contactless payment, information sharing, user authentication & access control, monitoring healthcare systems and others (service initiation, ticketing, advertising/marketing and inventory management).

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Based on geography, the world near field communication (NFC) market is analyzed into North America, Europe, Asia-Pacific and LAMEA (Latin America Middle East and Africa). North America and Europe, are the major adopters of NFC enabled smartphones and tablets. However, Asia-Pacific would witness the highest CAGR of 43.1%, during the forecast period.

POTENTIAL BENEFITS FOR STAKEHOLDERS:

Comprehensive analysis of the current and future trends in the world NFC technology market have been provided in this report
The report provides a competitive scenario of the world near field communication market with current and future growth trends, structure, driving factors, scope, opportunities and challenges
The report includes a comprehensive analysis of market segments to provide insights about the market dynamics
Porters five forces analysis provides inputs on the potential of buyers and suppliers and highlights the competitive structure of the market that would enable market players to devise effective growth strategies and facilitate better decision-making
Value chain analysis provides key inputs on the role of different stakeholders involved at various stages of the value chain
SWOT analysis of the key market players highlight the essential strengths and potential opportunities in the market

World Near Field Communication Market - Opportunities and Forecasts, 2014 - 2020, market research report, industry size, analysis, trends , share, competitive analysis, company profiles, SWOT analysis

KEY PLAYERS

Infineon Technologies
Apple Inc.
NXP Semiconductors
Samsung Electronics Co. Ltd.
Sony Corporation
Toshiba Corporation
Broadcom Corporation
Texas Instruments Inc.
STMicroelectronics N.V
Inside Secure

NEAR FIELD COMMUNICATION MARKET SEGMENTATION

The market is segmented based on product type, devices, application and geography.

NFC MARKET BY PRODUCT TYPE

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Non-Auxiliary Products
NFC Chips
NFC Tags
NFC Readers
Auxiliary Products
NFC-enabled Mobile Sim
Others (NFC cover & cards)

NFC MARKET BY DEVICES

Smartphone & Tablets
PC & Laptops
Others (Infotainment and Stereo Headphone)

NFC MARKET BY APPLICATION

Mobile/Contactless Payment
Information Sharing
User Authentication & Access Controls
Monitoring Healthcare Systems
Others (Service Initiation, Ticketing, Advertising/Marketing Inventory Management)

NFC MARKET BY GEOGRAPHY

North America
Europe
Asia-Pacific
LAMEA

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