Press release
NFC Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2018
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, this market is expected to witness immense growth in product and applications in upcoming few years.NFC technology market is expected to grow at compounded annual growth rate of 68.8% owing to increase in market share of SIM based model and handset embedded model in near future. NFC technology is rapidly adopted in number of mobile applications, thus adding to the growth of NFC technology industry. This technology is largely implemented in developed economies like North America and Europe which are the major contributors in NFC chips industry sharing over more than 60% of the total market share. NFC technology is expected to grow rapidly in Asia Pacific market owing to increasing use of mobile phones and wireless applications.
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Market Segmentation
Based on Product
NFC Chip
Micro SD Card
Integrated SIM
Reader and Middleware
Based on Application
Mobile Payment
Ticketing
Booking
Data Sharing
Access Control
Infotainment
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This research report analyzes this market depending on its major market segments and geographies. Geographical regions analyzed under this report are
Europe
North America
Asia Pacific
Rest of the World
This research report provides complete analysis of
Major Industry Segments
Growth Drivers
Factors Affecting Market Growth
Market Structure
Industry Capacity and
Market Projections for near Future
This report also includes analysis of current technological developments in NFC technology industry, Porter’s five force model analysis, and detailed company profiles of top industry players. This report provides review of micro and macro factors significant with respect to existing market players and new entrants along with detailed value chain analysis.
Major Players
Some key players dominating this market are as follows:
Sony Corporation, NXP Semiconductors, Oberthur Technologies, Mastercard, Nokia Corporation, Identive Group Inc., Gemalto NV, Broadcom (U.S.), Renesas (Japan), American Express Company, AT & T Inc., Barclays, DeviceFidelity Inc., Google Inc., Infineon Technologies AG, Ingenico SA, Inside Secure, NTT Docomo Inc., Paypal Ltd., Research in Motion Ltd., Samsung Electronics Co. Ltd., Sandisk Corp., ST Microelectronics NV, Texas Instruments, Toshiba Corporation, Tyfone Inc., Verifone Systems Inc., Visa Inc., and others.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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