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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