NFC Chips Market Globally Grow Tremendously At A CAGR of about 50.6% by 2019

Albany, NY, 22nd FEB : NFC chips refer to the ICs in mobile devices, POS terminals, and retail products that store information and control transactions. NFC chips enable communication between NFC-enabled devices within a radius of 4 inches. These chips provide ease of transaction and data exchange between devices without the need to pair them. This has resulted in increased adoption of NFC chips across various segments.

Technavio's analysts forecast the global NFC chips market to grow at a CAGR of 50.6% by volume over the period 2014-2019.

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Covered in this Report
The report includes the present scenario and growth prospects of the global NFC chips market for the period 2015-2019. The report segments the market based on end-users.
Technavio's report, Global NFC Chips Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

Key Vendors
Broadcom
Inside Secure
NXP Semiconductors
Sony

Other Prominent Vendors
Media Tek
Qualcomm
Renesas

Key Market Driver
Increased Adoption of NFC Technology
For a full, detailed list, view our report

Key Market Challenge
High Cost of NFC Chips
For a full, detailed list, view our report

Key Market Trend
Rise in NFC-based Transactions
For a full, detailed list, view our report

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Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be
What are the key market trends
What is driving this market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the key vendors
What are the strengths and weaknesses of the key vendors

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This release was published on openPR.