Near Field Communication (NFC) Market to Grow at 20% during 2017 – 2022
Growing
adoption of digital economy, increasing acceptance of mobile wallets and
continuous collaboration between financial institutions and mobile device manufacturers
to drive global NFC market through 2022
According to TechSci Research
report, “Global Near Field Communication (NFC) Market By Product Type, By
Device Operating Mode, By Device Type, By Application, By End Use
Industry, By Region, Competition Forecast and Opportunities, 2022”, the global NFC market is projected to grow
at a CAGR of over 20% during 2017 – 2022. Continuous motivation by healthcare device
manufacturing companies to adopt NFC for secure and reliable communication
between NFC enabled healthcare devices and mobile devices, upsurge in demand
for establishing infrastructure for Industry 4.0. and Internet of Things (IoT),
and growing integration in electronic devices such printers, memory cards,
etc., are some of the major factors expected to aid global near field communication market during forecast
period.
Browse 91
market data Tables and 122 Figures spread through 265 Pages and an
in-depth TOC on "Global
Near Field Communication (NFC) Market"
Increasing partnership between financial institutes and smartphone
manufacturers is resulting in an increase in adoption of NFC technology. Retail
sector is the largest end user of near field communication (NFC) across the
world. In retail sector, NFC is used for offering product information, tracking
customer preferences, distributing loyalty points, contactless payment, etc. In
addition, NFC is implemented by adding it with other products like billboards,
digital signage, etc. to enhance operations of a retail store and reduce
traffic at sales desk.
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“Surge in demand for automobiles with advanced technologies such as NFC
to continuous connectivity, keyless access, GPS vehicle tracking, connecting
mobile devices with car stereo, etc., coupled with increasing trend of smart
wearables with NFC capabilities are forecast to positively influence global
near field communication market in the coming years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Near Field
Communication (NFC) Market By Product Type, By Device Operating Mode, By Device Type, By Application, By End Use
Industry, By Region, Competition Forecast and Opportunities,
2022” has evaluated the future growth potential of global near field
communication (NFC) market and provides statistics and information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes the emerging
trends along with essential drivers, challenges and opportunities in global
near field communication (NFC) market.
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