Global Near Field Communication (NFC) Market Report 2017-2025 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Near Field Communication (NFC) is a wireless technology that offers exchange of data between the NFC technologies enabled devices. NFC is a short range communication technique I and an s an efficient alternative to communication technologies such as Wi-Fi and Bluetooth.
NFC transfers data by bringing the devices closer or by touching them together. NFC enable the users to seamlessly share data between devices, use their mobile phone as e-ticket or pay bills wirelessly.
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The important benefit of NFC over Bluetooth is shorter set-up period. Also, NFC works on devices that are not driven by battery such as smart credit card.
NFC technology has various advantages such as versatility, safety and convenience. It requires PIN and does not allow physical access of credit card information to merchants.
Hence, NFC is much more secure than other techniques of transaction. NFC is very convenient to use.
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The growing trend of cashless transactions worldwide is the key driver for the growth of global NFC market. There is rise in demand for multi-tasking devices globally, hence, consumer electronics enterprises are involved in integrating NFC technology in their tablets and mobile phones to provide a single solution to the consumers.
Also, global NFC market is bolstering due to increase in adoption of NFC technology in tablet, smartphones and other similar devices.
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- Broadcom Inc.
- Toshiba Corporation
- Infineon Technologies
- DeviceFidelity Inc.
- Samsung Electronics Co. Ltd.
- Visa Inc.
- Identive Group
- American Express
- MediaTek Inc.
- Renasas Electronics Corporation
- NXP Semiconductors
- Texas Instruments
- Huawei Technologies Co., Ltd.
- Gemalto NV
- Apple Inc.
- Inside Secure
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