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Near Field Communication Market Size To Register Remarkable Growth Globally By 2020 Business Articles | August 16 Wholesale New Balance Replica , 2016

New Market Research Reports Title “Near Field Communication Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Grand View Research Report Database



The NFC market is expected to witness rapid growth across various application verticals over the forecast period, according to a new study by Grand View Research, Inc. Rapid technological advancement and high smartphone demand due to technology standardization is expected to positively impact market growth. Demand for cost effectiveness along with increasing availability of NFC-enabled smartphones is also a major market driver. In addition, the market provides opportunities to the direct mail marketing sector, which in turn may drive m-commerce and mobile payment options.


NFC is integrated in a wide range of equipment and devices including tablets Cheap New Balance Replica , laptops, cameras, headsets, televisions, cookers New Balance Replica , washing machines, cars and vending machines. In addition to industrial and commercial applications, this technology is preferred for financial transactions. High development cost, poor infrastructure coupled with lack of consumer awareness about potential benefits may hamper market growth over the next six years. Transformation in transaction process methods along with social media engagement applications are expected to offer growth avenues for the global NFC market.


Browse full research report on Global Near Field Communication (NFC) Market:?http:www.grandviewresearchindustry-analysisne...tion-nfc-market


Further key findings from the study suggest:

The NFC market comprises non-auxiliary and auxiliary products. Non-auxiliary segment includes readers, tags and ICchips Shoes Replica Free Shipping , while auxiliary products include NFC-enabled covers, SIMs and microSD cards. NFC readers are expected to witness high growth over the forecast period, which is a result of growing application areas and demand for ticketing, access control and authentication. Mobile payment application is expected to remain the dominant market segment over the next six years. This can be attributed to benefits such as improved financial transparency, improved public sector servicing and reduced carbon footprint. In addition Shoes Replica From China , emergence of mobile wallet payment methods has enhanced user experience against contactless cards. Asia Pacific is expected to witness high growth due to growing adoption of this technology in retail and transportation. Financial institutions as well as Mobile Network Operators (MNOs) have supported contactless payment facilities. Increasing use of smartphones for transaction at point of sale (POS) terminals is expected to drive the market in North America. Key companies operating in the NFC market include Nexperts, Infineon Technologies, Gemalto, Renesas, Sony Corporation Shoes Replica China , STMicroelectronics and Texas Instruments. Rising emphasis on vertical integration activities in order to obtain greater product reliability and optimized manufacturing throughput is estimated to be the major growth strategy.

Browse more reports of this category by Grand View Research:?http:www.grandviewresearchindustrycommunication-services


For the purpose of this study, Grand View Research has segmented the global NFC market on the basis of product, application and region:


NFC Product Outlook (Volume, Million Units & Revenue, USD Million; 2012 – 2020)
? ? • Auxiliary
? ? • Non-Auxiliary
? ??? ??? ??• NFC IC (Chips)
? ??? ??? ??• NFC Tags
? ??? ??? ??• NFC Readers
NFC Application Outlook (Volume Wholesale Shoes Replica , Million Units & Revenue, USD Million; 2012 – 2020)
? ??• Payment
? ??• Transportation
? ??• Booking
? ??• Data Sharing
? ??• Service
? ??• Access Control
? ??• Healthcare
? ??• Others
NFC Regional Outlook (Volume, Million Units & Revenue, USD Million; 2012 – 2020)
? ??• North America
? ??• Europe
? ??• Asia Pacific
? ??• RoW


Access press release of this research report by Grand View Research: http:www.grandviewresearchpress-releaseglobal...tion-nfc-market


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