Near Field Communication Market to decrease by USD 18.46 Bn by 2026

The Near Field Communication Market size is expected to decrease by USD 18.46 billion during 2021-2026, during the forecast period, according to Technavio.

The rising penetration of NFC-based contactless payment, growing investment in ICT, and growing number of smartphone users will offer immense growth opportunities. However, a lack of awareness about the benefits of contactless terminals, the availability of alternatives, limited range of NFC will challenge the growth of the market participants.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Free Sample Report