With the increasing adoption of smart devices and ease of communication, the market is witnessing its demand and nurturing growth.
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According to Stratistics MRC, the Global Near Field Communications market is estimated at $4.57 billion in 2015 and is expected to grow at a CAGR of 38.4% to reach $44.41 billion by 2022.
Moreover, increasing need of safe & quick transactions and ease of use and flexibility in communication is fueling market growth. But lack of consumer awareness and high production costs are creating hurdles in the way of communication market growth.
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SIM cards based auxiliary Products in Product and Software segment is experiencing highest recipients in the market due to more indulged security and safety. Moreover, Ticketing in transportation segment is showing flawless growth anticipated by purchasing, planning trips, and account top-ups.
While the Asia Pacific market in the geography segment is anticipated to grow at good pace, due to developed infrastructure facilities and increased proliferation of Smartphones.
Some of the major key players in the global market are Mediatek Inc., Inside Secure, Broadcom Corporation, Huawei Technologies Co., Ltd., Texas Instruments , Sony Corporation, NXP Semiconductors, Samsung Electronics, Renesas Electronics Corporation , Toshiba Corporation, ST microelectronics, Samsung Electronics Co., Ltd., Gemalto NV, Visa Inc and Identive Group, Inc.
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Products and Softwares Covered:
NFC Micro Sd Cards
NFC SIM /UICC Cards
Non- Auxiliary Products
NFC ICS & Antennas
Device Operating Modes covered:
End-User Industries Covered:
Laptops/ Personal Computers
Residential & Commercial
Automated Locking System
Time & Attendance
Medical & Healthcare
anking & Finance
E-Money Services (POS Machines)
Games and Toys
Rest of Europe
Rest of Asia Pacific
Rest of the World
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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