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NFC transaction market to grow at a CAGR of 55.23% during the period 2016-2020

Friday, September 30, 2016 4:04
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(Before It's News)

About NFC Technology

NFC technology is a short-range (around10 centimeters) connection that adheres to technology standards and uses high-frequency wireless communication technology to exchange data between devices. It has revolutionized the ways in which people access and use information. NFC-enabled devices are used for applications such as mobile payment, ID authentication, transportation, and loyalty programs.

The global NFC transaction market to grow at a CAGR of 55.23% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global NFC transaction market for 2016-2020. To calculate the market size, the report considers the revenue generated from the NFC transaction done through mobile devices and wearables.

The market is divided into the following segments based on geography:

• Americas



Global NFC Transaction Market 2016-2020, 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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Key vendors

• Apple

• Google

• MasterCard

• PayPal

• Samsung

• Visa

Other prominent vendors

• American Express

• Broadcom

• Gemalto

• Infineon Technologies

• INSIDE Secure

• MediaTek

• Nokia

• NXP Semiconductors

• Qualcomm

• Renesas Electronics

Market driver

• Increased adoption of mobile payment and digital wallet service

• For a full, detailed list, view our report

Market challenge

• Interoperability issues across the value chain

• For a full, detailed list, view our report

Market trend

• Increased awareness about mobile wallet

• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?

• What are the key market trends?

• What is driving this market?

• What are the challenges to market growth?

• Who are the key vendors in this market space?

• What are the market opportunities and threats faced by the key vendors?

• What are the strengths and weaknesses of the key vendors?

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