Near Field Communication Market by Operating Mode (Card Emulation, Reader Emulation, & Peer-to-peer) - PowerPoint PPT Presentation

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Near Field Communication Market by Operating Mode (Card Emulation, Reader Emulation, & Peer-to-peer)

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The near field communication (NFC) market is expected to reach USD 21.84 Billion by 2020, at a CAGR of 17.1% between 2015 and 2020. – PowerPoint PPT presentation

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Title: Near Field Communication Market by Operating Mode (Card Emulation, Reader Emulation, & Peer-to-peer)


1
MarketsandMarkets Presents
Near Field Communication Market by Operating Mode
(Card Emulation, Reader Emulation,
Peer-to-peer), Product Software (Non-auxiliary
Auxiliary), Industry (Retail, Transportation,
Automotive, Others), and Geography - Global
Forecast to 2020 The total market is expected to
reach USD 21.84 Billion by 2020, at a CAGR of
17.1 during the forecast period. Factors such as
the growing adoption of smart devices, trend of
mobile commerce, and growth in the production of
NFC-enabled mobile phones are driving the market.
2
The growing volume of cashless transactions
across the world is one of the key drivers for
the market. There is a strong demand for
multi-tasking electronics devices across the
world therefore, consumer electronics companies
are engaged in incorporating NFC technology in
their mobile phones and tablets to deliver a
single solution to their customers. The other
segments covered in this report are operating
modes and NFC product software. Under operating
modes, the peer-to-peer mode is dominating the
market as it enables two-way communication among
the NFC devices. The non-auxiliary/in-built NFC
products currently have the largest market size,
while the market for auxiliary products is
expected to grow at highest CAGR. Sample pages
of the Report http//www.marketsandmarkets.com/
pdfdownload.asp?id520 APAC is expected to grow
at the highest CAGR during the forecast
period APAC is expected to grow at a CAGR of
20.5 between 2015 and 2020. This high growth is
attributed to the growing shipments of consumer
electronics in the region, which creates an
opportunity for NFC chip manufacturers to
collaborate with major consumer electronics
companies. Moreover, the rising income, high
adoption of smart appliances, and rising per
capita income in countries such as India and
China further create a huge growth potential for
the market in APAC.
3
The major players in this market are NXP
Semiconductors (Netherland), Broadcom Corporation
(U.S.), STMicroelectronics NV (Switzerland),
MediaTek, Inc. (Taiwan), Renesas Electronics
Corporation (Japan), Gemalto NV (Netherlands),
and Texas Instruments (U.S.). Report
Information http//www.marketsandmarkets.com/M
arket-Reports/near-field-communication-nfc-market-
520.html The report analyses the market trends
for each of the market segments and their
respective growth rates. Apart from the market
segmentation, the report also covers in-depth
analyses such as Porters five forces analysis,
value chain with a detailed process flow diagram,
and market dynamics such as drivers, restraints,
opportunities, and challenges for the NFC market.
The major factors driving this market are the
growing volume of cashless transactions, adoption
of smart appliances, and trend of mobile
commerce. The market size for the NFC market is
included in the report for the four geographical
regions, namely, the Americas, Europe,
Asia-Pacific, and Rest of the World (RoW).
Currently, the American market holds the major
share of this market and the APAC region is
expected to grow at the highest rate during the
forecast period.
4
About MarketsandMarkets MarketsandMarkets is
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in a year, MM is catering to a multitude of
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We specialize in consulting assignments and
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Our 850 fulltime analyst and SMEs at
MarketsandMarkets are tracking global high growth
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GEM". The GEM aims at proactive collaboration
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identify most important customers, write "Attack,
avoid and defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MMs flagship competitive
intelligence and market research platform, "RT"
connects over 200,000 markets and entire value
chains for deeper understanding of the unmet
insights along with market sizing and forecasts
of niche markets. The new included chapters on
Methodology and Benchmarking presented with high
quality analytical infographics in our reports
gives complete visibility of how the numbers have
been arrived and defend the accuracy of the
numbers.
5
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