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Near Field Communication (NFC) Market in India Expected to Surge at 14.5% CAGR, Reaching US$56.75 Billion by 2030

07-02-2024 07:35 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ข๐ฌ๐ข๐ง๐  ๐’๐ฆ๐š๐ซ๐ญ๐ฉ๐ก๐จ๐ง๐ž ๐๐ž๐ง๐ž๐ญ๐ซ๐š๐ญ๐ข๐จ๐ง, ๐‚๐จ๐ง๐ญ๐š๐œ๐ญ๐ฅ๐ž๐ฌ๐ฌ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ๐ฌ, ๐š๐ง๐ ๐†๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐ˆ๐ง๐ข๐ญ๐ข๐š๐ญ๐ข๐ฏ๐ž๐ฌ.

๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‘๐š๐ญ๐ž ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ:

The NFC market in India is anticipated to grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2030. This growth trajectory positions NFC as a pivotal technology in India's digital transformation journey.

๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/12549/

๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ ๐š๐ง๐ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐•๐š๐ซ๐ข๐š๐ญ๐ข๐จ๐ง๐ฌ: ๐–๐ก๐š๐ญ ๐’๐ก๐จ๐ฎ๐ฅ๐ ๐–๐ž ๐„๐ฑ๐ฉ๐ž๐œ๐ญ?

By 2030, the NFC market is expected to reach US$ 56.75 billion, driven by increasing adoption of digital payment solutions and technological advancements in mobile devices.

๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

NFC technology facilitates secure wireless connectivity between electronic devices over short distances, enabling seamless data transfer and contactless transactions. It operates through NFC chips embedded in devices, allowing for intuitive and safe interactions.

๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž ๐š๐ง๐ ๐Œ๐ž๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:

The market report covers comprehensive insights into the impact of COVID-19 on NFC adoption, regional variations in market dynamics, and strategic recommendations for stakeholders.

๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ: ๐–๐ก๐จ'๐ฌ ๐„๐ฑ๐ฉ๐ž๐ซ๐ข๐ž๐ง๐œ๐ข๐ง๐  ๐ญ๐ก๐ž ๐‡๐ข๐ ๐ก๐ž๐ฌ๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก?

India's NFC market growth is bolstered by favorable demographics, rising internet penetration, and government initiatives like Digital India, which aim to bridge urban-rural digital divides.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ง๐ ๐•๐ข๐ฌ๐ฎ๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/12549/

๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

The NFC market in India is segmented by operating modes (peer-to-peer, card emulation, reader emulation), products & software (auxiliary, non-auxiliary products, NFC software), and end-user industries (retail, automotive, consumer electronics, healthcare, others).

๐๐ฒ ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ฆ๐จ๐๐ž๐ฌ
Card emulation
Reader emulation
Peer-to-peer mode

๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ & ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž
Auxiliary products
Non-auxiliary products
NFC Software

๐๐ฒ ๐„๐ง๐-๐ฎ๐ฌ๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Retail
Transportation
Automotive
residential & commercial
medical & healthcare
consumer electronics
others

The operating mode, goods and software, and end-user industry segments of the Near Field Communication (NFC) India Market can be distinguished. The retail sector currently controls the largest portion of the NFC India market; the apparent causes of this include the rise in non-cash transactions, the use of electronic shelf labels, and PoS terminals that support NFC technology. Because the NFC India market is being driven by the demand for in-car infotainment and touch-less controls, the automotive industry is anticipated to develop at the greatest compound annual growth rate (CAGR) over the projected period. Major automakers are putting more of an emphasis on adding features to their vehicles so that their consumers can have more safety and control.

๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Key players driving the NFC market players are instrumental in developing NFC-enabled products and infrastructure to support India's digital economy.

1. NXP Semiconductors
2. Sony Corporation
3. NEC
4. YELDI Softcom
5. aTuch
6. Tagtul
7. Nokia Corporation
8. Identive Group Inc.
9. Gemalto NV
10.Broadcom
11.Renesas
12.AT & T Inc.
13.Barclays
14.Google Inc.
15.Infineon Technologies AG.
16.Marvell Technology Group Ltd.
17.AMS AG
18.Mstar Semiconductor Inc.
19.MediaTek Inc.
20.STMicroelectronics

๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง:

In conclusion, the NFC technology landscape in India presents immense opportunities for innovation and growth across various sectors. With increasing smartphone penetration, supportive government policies, and evolving consumer behaviors, NFC is set to redefine digital interactions and transactions in the Indian market.

For stakeholders and investors looking to capitalize on India's NFC market, understanding these trends and leveraging strategic insights will be crucial in navigating this dynamic landscape.

๐’๐ญ๐š๐ฒ ๐€๐ก๐ž๐š๐ ๐ข๐ง ๐š ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž: https://www.maximizemarketresearch.com/market-report/near-field-communication-nfc-india-market/12549/

๐“๐š๐›๐ฅ๐ž ๐จ๐Ÿ ๐‚๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ: ๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐’๐ž๐œ๐ญ๐ข๐จ๐ง 01: Overview
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 02: Report Scope for the Near Field Communication (NFC) India Market
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 03: Landscape of the Near Field Communication (NFC) India Market
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 04: Size of the Near Field Communication (NFC) India Market
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 05: Types of Near Field Communication (NFC) India Market Segmentation
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 06: Analysis of Competitive Forces
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 07: Profile of Customers
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 08: Geographic Analysis
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 09: Decision-Making Framework
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 10: Factors Driving and Hindering Growth
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 11: Current Market Developments
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 12: Assessment of Market Participants
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 13: Detailed Analysis of Vendors

๐Š๐ž๐ฒ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ข๐ž๐ฌ ๐š๐๐๐ซ๐ž๐ฌ๐ฌ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐๐ž๐š๐ซ ๐…๐ข๐ž๐ฅ๐ ๐‚๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐…๐‚) ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

โ€ข What defines Near Field Communication (NFC) India?
โ€ข What was the size of the Near Field Communication (NFC) India market in 2023?
โ€ข What is the growth rate anticipated for the Near Field Communication (NFC) India Market?
โ€ข Who are the leading companies and what are their offerings in the Near Field Communication (NFC) India Market?
โ€ข Which region is experiencing the most rapid growth in the Near Field Communication (NFC) India market?
โ€ข What are the various segments within the Near Field Communication (NFC) India Market?
โ€ข Which segments are encompassed in the Near Field Communication (NFC) India Market?
โ€ข Who are the key players in the Near Field Communication (NFC) India market?
โ€ข What factors are expected to propel growth in the Near Field Communication (NFC) India market?
โ€ข What is the projected CAGR for the ## market during the forecast period?
โ€ข What upcoming opportunities and trends are emerging in the Near Field Communication (NFC) India Market?
โ€ข What recent industry trends could be implemented to enhance revenue streams?

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Historical Market Size and Competitive Overview (2018-2022)
โ€ข Historical Pricing Trends and Regional Price Analysis (2018-2022)
โ€ข Market Size, Share, and Forecast for Different Segments (2024-2030)
โ€ข Market Dynamics: Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Market Segmentation: In-depth Analysis by Segment and Sub-segment, Across Regions
โ€ข Competitive Landscape: Profiles of Key Players from a Strategic Perspective, Across Regions
โ€ข Competitive Analysis: Market Leaders, Followers, and Regional Players
โ€ข Comparative Evaluation of Key Players Across Regions
โ€ข PESTLE Analysis
โ€ข PORTER's Analysis
โ€ข Value Chain and Supply Chain Analysis
โ€ข Legal Considerations for Business Operations by Region
โ€ข Identification of Lucrative Business Opportunities through SWOT Analysis
โ€ข Strategic Recommendations

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐Œ๐จ๐ซ๐ž ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

1. Bath Towel Market https://www.maximizemarketresearch.com/market-report/bath-towel-market/195327/

2. storage tank Market https://www.maximizemarketresearch.com/market-report/storage-tank-market/195623/

3. Carbon Credit Market https://www.maximizemarketresearch.com/market-report/carbon-credit-market/198127/

4. Government and Education Logistics Market https://www.maximizemarketresearch.com/market-report/government-and-education-logistics-market/198727/

5. Europe Military Land Vehicle Market https://www.maximizemarketresearch.com/market-report/europe-military-land-vehicle-market/199951/

6. Industrial Vehicles Market https://www.maximizemarketresearch.com/market-report/global-industrial-vehicles-market/54631/

7. Fiberglass Market https://www.maximizemarketresearch.com/market-report/fiberglass-market/2602/

8. Foam Market https://www.maximizemarketresearch.com/market-report/foam-market/122498/

9. Automotive Software Market https://www.maximizemarketresearch.com/market-report/global-automotive-software-market/22003/

10. Bio-Polyamide Market https://www.maximizemarketresearch.com/market-report/global-bio-polyamide-market/72254/

๐Ž๐ฎ๐ซ ๐€๐๐๐ซ๐ž๐ฌ๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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09-03-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Global Magnesium Alloys Market Poised to Grow from US$ 2.21 Billion in 2024 to U โ€ฆ
According to a new report by Maximizer Market Research, the Global Magnesium Alloys Market was valued at USD 2.21 billion in 2024 and is projected to reach USD 5.58 billion by 2032, growing at a CAGR of 12.25%. This growth is underpinned by rising demand from automotive & transportation, electronics, aerospace, defense, and medical industries seeking lightweight, high-performance materials. For full access to the data, request a sample report now :https://www.maximizemarketresearch.com/request-sample/32753/ โ™ฆโ€ฆ
Global Bamboo Furniture Market to Grow from USD 13.75 Billion to USD 23.02 Billion by 2032 at a CAGR of 6.65% - Bamboo Furniture Forecast
09-03-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Global Bamboo Furniture Market to Grow from USD 13.75 Billion to USD 23.02 Billi โ€ฆ
According to a new report by Maximize Market Research, the global bamboo furniture market was valued at USD 13.75 billion in 2024 and is projected to reach USD 23.02 billion by 2032, growing at a compound annual growth rate (CAGR) of approximately 6.65%. For full access to the data, request a sample report now :https://www.maximizemarketresearch.com/request-sample/111043/ โ™ฆ Key Highlights โ™ฆ Market size & CAGR: USD 13.75 billion (2024) to USD 23.02 billion (2032) atโ€ฆ
Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
09-03-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
Open-Source Intelligence Market size was valued at USD 6425.89 Million in 2023 and the total Open-Source Intelligence revenue is expected to grow at a CAGR of 20.63 % from 2024 to 2030, reaching nearly USD 23887.37 Million by 2030. Open-Source Intelligence Market Overview: The Open-Source Intelligence (OSINT) market is a rapidly expanding sector within the broader security and intelligence landscape. It involves the systematic collection, analysis, and interpretation of publicly available informationโ€ฆ
Pension Administration Software Market to Surge from USD 4.89 Bn (2023) to USD 10.89 Bn by 2030 at 12.1% CAGR - Pension Administration Software Forecast to Drive Digital Transformation
09-03-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Pension Administration Software Market to Surge from USD 4.89 Bn (2023) to USD 1 โ€ฆ
According to a new report by Maximize Market Research, the global pension administration software market was valued at USD 4.89 billion in 2023 and is projected to grow to USD 10.89 billion by 2030, registering a robust CAGR of 12.1% over the forecast period (2024-2030). This growth is expected worldwide, fueled by increasing digitalization, automation, and demand for predictive analytics in retirement plan management. For full access to the data, requestโ€ฆ

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More Releases for NFC

09-01-2025 | Advertising, Media Consulting, โ€ฆ
Market Research Intellect
NFC Business Card Market Segmentation Analysis by Application, Type, and Key Pla โ€ฆ
New Jersey, US State: "The global NFC Business Card market in the Information Technology and Telecom category is projected to reach USD 4.2 billion by 2031, growing at a CAGR of 15.2% from 2025 to 2031. With rising industrial adoption and continuous innovation in Information Technology and Telecom applications, the market is estimated to hit USD 1.5 billion in 2024, highlighting strong growth potential throughout the forecast period." The NFC Businessโ€ฆ
02-08-2022 | Business, Economy, Finances, B โ€ฆ
Coherent Market Insights Pvt. Ltd.
Near Field Communication (NFC) Market 2020 Global Industry Size, Share, Trend an โ€ฆ
Description New Research Study ""Near Field Communication Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook"" has been added to Coherent Market insight global near field communication market is estimated to be valued at US$ 22,282.8 million in 2021 and is expected to exhibit a CAGR of 16.4 % over the forecast period (2021-2028). The dynamics of the Near Field Communication market is discussedโ€ฆ
10-08-2018 | Business, Economy, Finances, B โ€ฆ
NFC Systems Market Report 2018
NFC Systems Market Report 2018: Segmentation by Type (NFC readers, NFC chips, NF โ€ฆ
Global NFC Systems market research report provides company profile for Renesas Electronics, Sony, Qualcomm, Smartrac, STMicroelectronics, SanDisk, Broadcom, INSIDE SECURE, MediaTek, NXP Semiconductors and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The reportโ€ฆ
06-21-2017 | IT, New Media & Software
Orbis Research
Growing Demand for Upgraded NFC POS Terminals to drive NFC Systems Industry
NFC systems bring two devices in close proximity to enable peer-to-peer communication. End-users use this technology to transfer information from their devices to other NFC devices, such as smartphones and NFC tags. The system directly transfers data between phones or phones and POS devices. Many mobile phone operators are looking for ways to further develop this technology. Research analysts forecast the global NFC systems market to grow at a CAGR ofโ€ฆ
02-24-2017 | Advertising, Media Consulting, โ€ฆ
MarketResearchReports.biz
Near Field Communication (NFC) Market (By Products - NFC Controller ICs (Chips), โ€ฆ
Near Field Communication (NFC) is a wireless technology and mainly finds application in mobile phones and tablets PC for data exchange and transactions in a close range. It is based on RFID technology and has emerged as an alternative to other wireless technologies for short range data exchange such as Wi-Fi, Bluetooth and other radio protocols. NFC offers added advantage of high security As compared to other wireless technologies. Theโ€ฆ
09-30-2016 | Business, Economy, Finances, B โ€ฆ
TMR - Research_Report
NFC Technology Market -
Near field communication (NFC) has been around since past few years but was not yet implemented as it was undergoing pilot testing phase. Considerable research and developments have been made in this field and several prototypes are developed for number of products and applications. Major application areas of NFC include mobile payments, data sharing, and advertisement among others. Although there are limited products commercially available today using NFC technology, thisโ€ฆ