Global NFC Market Driven by Rising Mobile Commerce
Growing at 8.83% CAGR, total NFC Market is expected to reach $16.25 Billion by 2022. This market is expanding globally and the major market for the NFC ecosystem lies in America. The other regions Europe, APAC and ROW follow the American terms of the NFC market. This report gives an in depth analysis of the major drivers, restraints, and opportunities for this market. Also, a competitive landscape of the major players in the NFC ecosystem is very well illustrated. The NFC is a very dynamic market and entails a great potential across many industry verticals. The advancements in technology due to the never ending R&D in this sector, makes it one of the prominent segments in the current industrial scenario. The NFC products have been experiencing continuous developments right since their inception. The technology has a major role to play in this sector due to the cost effective matrix, and this results into a longer life cycle of products and systems, along with greater reliability. The highlighting features of the NFC technology include high rate of communication with other NFC-enabled devices, better properties to withstand rough environmental conditions, and a longer life that is best suited for the payment, ticketing, booking, and data sharing applications.
This report focuses on giving a detailed view of NFC with respect to the product market, with detailed market segmentations, combined with a qualitative analysis of each and every aspect of the classifications. The NFC market has been divided into three major verticals products, applications, and geography. The product vertical is sub-divided into IC/chips, tags, readers, micro SD cards, SIM cards, and covers. The application vertical has been further sub-divided into payment, transportation, booking, service, data sharing, access control healthcare, and tag applications. The geography has been sub-divided into Americas, Europe, APAC, and ROW. Payment application has the largest market share in terms of value for 2013. Apart from the demand side market drivers, the report also analyzes the supply side drivers. The major players in this field includes: Broadcom (U.S.), Inside Secure (France), Infineon Technologies (Germany), MediaTek (Taiwan), NXP Semiconductors ( Netherlands), Renesas (Japan), Samsung Electronics (South Korea), Sony Corporation (Japan), STMicroelectronics (U.S.), Texas Instruments (U.S.), and Gemalto (Netherlands). Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=291277 .
The Near Field Communication (NFC) technology is developing at a very high pace in the overall market. One of the greatest advantages of this technology is that it utilizes less power than the other wireless technologies. This technology has been commercialized in many products, which operate in three modes, namely, card emulation, reader emulation, and peer-to-peer. This technology can be compatible with the existing contactless card infrastructure and this also enables a consumer to utilize one device across multiple systems.
The major Near Field Communications market drivers discussed in this research include Adoption of Smart Homes Appliances and Smart Healthcare Services, Growing Trend Of Mobile Commerce, Enhanced User Experience And Trust Amongst Contactless Card Technologies, Growth In Production Of NFC-Enabled Mobile Phones and Use Of Cost Effective, Smaller Size, And Power Efficient Element (Silicon) In Chips. Short Range Communication, Indifference and Disputes between Key Players in the Value Chain and Only Proprietary Standards are the restraints of the industry as per this research. Opportunities for the new entrants and current market players of near field communications industry include Integrated IC Supporting NFC, Bluetooth, And Wi-Fi, Online And In-Store Payment In Retail and Growing Need Of Connectivity Between Different Devices. Burning issues discussed in this research include Lack Of Consumer Awareness and Need Of Intermediaries Gateway For Mobile Payment (Not An End-To-End Technology), whereas 'winning imperatives' like Innovation In Payment Methods In Emerging Economies and Strategic Coalition Across Value Chain are also covered in the report.