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Global Near Field Communication (NFC) Market PEST Analysis, Opportunities and Forecasts to 2025 |The Insight Partners

Wednesday, March 15, 2017 21:05
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The “Global Near Field Communication (NFC) Market report categories the global market by Device Operating Mode, Product & Software and Industry and Geography” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments.

Global 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. 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.

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.

NFC allows easy payments and enable users to transfer data, play games, share information and access social networking sites. It can be combined with retailers’ point of sale (POS), healthcare systems and public transit payment systems. The global NFC market is highly driven by increasing penetration of smartphone users for making secure online transactions and contactless payments facility. The rise in mobile internet users also contributes to the global NFC market growth. Whereas, short range of communication is one of the factors that hinders the growth

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The global NFC market is segmented by device operating mode into reader emulation, card emulation and peer-to-peer. The global NFC market is further bifurcated by product & software types as auxiliary products, NFC software and non-auxiliary products. Global NFC market is also segmented on the basis of industry as retail, transportation, residential & commercial, consumer electronics, automotive, medical & healthcare, banking & finance and others. The NFC market is further bifurcated by regions into North America, Asia Pacific, Middle East & Africa, Europe, and South America.

North America is the leading global NFC market in terms of market share. Asia Pacific is anticipated to experience a faster growth in the coming years due to rise in adoption of NFC technology and increasing awareness. Further, Europe region is also projected to be a high potential market.

Broadcom Inc., Toshiba Corporation, Infineon Technologies, DeviceFidelity Inc., Samsung Electronics Co. Ltd., Visa Inc., Identive Group, MasterCard, PayPal, American Express, Qualcomm, MediaTek Inc., STMicroelectronics, Renasas Electronics Corporation, NXP Semiconductors, Texas Instruments, Huawei Technologies Co., Ltd., Gemalto NV, STmicroelectronics, Apple Inc. and Inside Secure among others are some of the chief market players operating in the global NFC market.

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Reason to buy

  • Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
  • The key findings and recommendations highlight crucial progressive industry trends in the Near Field Communication (NFC) market, thereby allowing players across the value chain to develop effective long term strategies
  • Get reliable information about the strategies manufacturers in this market use to drive revenue
  • Gain insights into the competitive landscape, to strengthen market competitiveness and positioning
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as the those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
  • Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition

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About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

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