Near Field Communication Market 2020 Emerging Trends, Business Growth, Services, Solutions and Regional Outlook 2025

1
Global Near Field Communication (NFC) Market

• Dynamics, Application Share, Growth, Vendor
  Competition, Trends and Forecast 2018-2025

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2
Global Near Field Communication (NFC) Market
Size, Forecast 2025

• The Global Near Field Communication (NFC) market
  will grow to USD XXXX billion at a CAGR of XX
  during the forecast period. The increasing trend
  of usage of smart devices, mobile commerce and
  production growth of NFC enabled devices are some
  major reasons for the near field communication
  (nfc) market growth.
• Near field communication (NFC) is a type of
  wireless communication technology. It is a
  short-range communication method that enables
  users to share information or data. NFC is an
  effective substitute to other modes of
  communications like Wi-Fi and Bluetooth. By
  touching both the devices simultaneously by
  bringing them near to each other, the radio
  communication is established. This technology is
  commonly used for laptops, smart phones and other
  similar devices.
• The increased demand for cashless transactions
  over the world is major driving factor of near
  field communication (nfc) market growth. There is
  a great demand for multi-tasking electronic
  devices over the world. Hence, the companies
  working in consumer electronics sector are
  working to include NFC technology in the devices
  developed by them.
• Major reasons for the growth of global near field
  communication (NFC) market are, with use of NFC
  data transfer is secure and convenient.
  Furthermore, the growing popularity and usage of
  smart phones, contactless payments is another
  contributing factor. The restraining factors are
  high cost of installation of NFC compatible
  devices and security concerns of the
  transactions.
• The main players in NFC market share are Broadcom
  Corporation (U.S.), NXP Semiconductors
  (Netherland), STMicroelectronics NV
  (Switzerland), Renesas Electronics Corporation
  (Japan), MediaTek, Inc. (Taiwan), Gemalto NV
  (Netherlands), and others.

3
Global Near Field Communication (NFC) Market
Size, Forecast 2025

• NFC is widely used in companies as a secure
  method for transferring and sharing of documents,
  secured data and files. Furthermore, when
  processing payments, the bank/card details are
  safe in the mobile phone in a secure environment.
  This is in the form of Subscriber Identity
  Module, secured digital card, working on the
  principal that the hardware encryption works only
  when in close range of the point of sales. NFC
  transaction requires PIN and does not give
  physical access of your card information to the
  shopkeeper. NFC is very appropriate as it is easy
  to use and NFC enabled devices that can be taken
  along with you.
• NFC market share is segmented by applications,
  product types and regions. On the basis of
  applications Mobile/Contact less payment, User
  authentication and access control, Information
  sharing and monitoring healthcare system. Based
  on device type Smartphones Tablets, Pcs and
  laptops and others (Infotainment and stereo
  headphone). On the basis of product type it is
  classified as Non-auxiliary products, NFC
  Readers, NFC Tags, NFC Chip and many others.
  Based on region division is done as North
  America, Europe, Asia-Pacific and Latin America
  and Middle East and Africa. Asia-Pacific
  contributes the maximum in NFC market share
  demand, especially from India, China and Japan.
  North America is going to lead the market during
  the forecast period due to its increased usage of
  mobile payments. Furthermore, Asia-Pacific is
  going to be the fastest growing regions among all
  the other regions.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/near-field-communication-nfc-market

4
The various segments of near field communication
(nfc) market are,

• By Type
• Non-auxiliary products
• NFC Readers
• Auxiliary products
• NFC Chip
• NFC Tags
• NFC enabled Mobile sim
• By Devices
• Smartphone Tablets
• PCs Laptops
• By Application
• Mobile/Contactless payment
• User authentication Access control
• Monitoring Healthcare system
• Information sharing

5
Global Near Field Communication (NFC) Market
Size, Forecast 2025

• By Region
• North America (NA)
• Europe (EU)
• Asia Pacific
• LAMEA
• Purchase a single user copy of the global Near
  Field Communication (NFC) Market report_at_
  https//www.adroitmarketresearch.com/researchrepor
  t/purchase/256

6
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