The latest research study “Near Field Communication (NFC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that The global near field communication (NFC) market size reached US$ 19.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 46.07 Billion in by 2027 exhibiting a CAGR of 14.50% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request For Sample Report https://www.imarcgroup.com/near-field-communication-market/requestsample
Industry Definition and Application:
Near-field communication (NFC) represents a short-range wireless technology that allows two devices to communicate by using a low-power protocol. Some of the commonly available NFC devices are tags, integrated circuits (ICs), SIM cards, readers, etc. Near-field communication is widely used for marketing, making payments, ticketing, and gaming applications in smartphones, tablets, laptops, wearables, cameras, printers, etc.
In addition to this, it allows faster payment transactions and offers ease of convenience, improved versatility, seamless communication between devices, etc. Consequently, near-field communication is widely utilized in several sectors, such as retail, banking, financial services, and insurance (BFSI), transportation, automotive, healthcare, hospitality, consumer electronics, etc., across the global.
Near Field Communication (NFC) Market Trends and Drivers:
The inflating need for social distancing to minimize human contact, on account of the sudden outbreak of the COVID-19 pandemic, is augmenting the adoption of intelligent payment solutions, including cashless or contactless payments, which is primarily driving the near field communication (NFC) market.
Additionally, the escalating demand for smartphones enabled with NFC technology that allows consumers to make easier and faster mobile transactions is also catalyzing the market growth. Besides this, the rising integration of the Internet of Things (IoT) with near field communication-compatible smart wearables is acting as another significant growth-inducing factor.
Moreover, the introduction of NFC-enabled smart posters, boarding passes, sensors, etc., and extensive investments in R&D activities are further positively influencing the global market. Apart from this, the launch of numerous favorable policies by government bodies to promote a cashless economy is anticipated to fuel the near field communication (NFC) market over the forecasted period.
|Near Field Communication (NFC) Market Report Scope|
|Market size value in 2021||US$ 19.2 Billion|
|Market forecast in 2027||US$ 46.07 Billion|
|Growth Rate||CAGR of 14.50% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends|
|Segments covered||Offering, Operating Mode, End User, Region|
|Regional scope||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Key companies profiled||Avery Dennison Corporation, Broadcom Inc., Hid Global Corporation (Assa Abloy AB), Identiv Inc., Infineon Technologies AG, Magtek Inc., NXP Semiconductors N.V., Samsung Electronics Co. Ltd., Sony Group Corporation, STMicroelectronics, Texas Instruments Incorporated and Thales Group.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Click here to view detailed information with table of content: https://www.imarcgroup.com/near-field-communication-market
Breakup by Offering:
- Non-Auxiliary Products
- NFC ICS and Antennas
- NFC Tags
- NFC Readers
- Auxiliary Products
- NFC Micro Sd Cards
- NFC SIM/UICC Cards
- NFC Covers
Breakup by Operating Mode:
- Read and Write Mode
- Peer-To-Peer Mode
- Card Emulation Mode
Breakup by End User:
- Residential and Commercial
- Medical and Healthcare
- Consumer Electronics
- Banking and Finance
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market Avery Dennison Corporation, Broadcom Inc., Hid Global Corporation (Assa Abloy AB), Identiv Inc., Infineon Technologies AG, Magtek Inc., NXP Semiconductors N.V., Samsung Electronics Co. Ltd., Sony Group Corporation, STMicroelectronics, Texas Instruments Incorporated and Thales Group.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors SWOT Analysis
Value Chain Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
What features should you look out for when booking a coworking space?
Cryptocurrency Mining Profitability: A Reality Check
What Is Intercom And Why You Need It
Selling Your Car: Do I Need to Replace Any Parts?
Use Employee Management Software to Boost Your Team’s Efficiency
Automotive Die Casting Lubricants Market Report 2022, Size, Share & Forecast Till 2027
The Translation Platform | Your Site Crosses Borders
Finding a tourism web editor: why is it essential and how to find the right one?
What Does Making Tax Digital Means For Small Businesses In The UK?
Why Are Multi Services Gojek Clone Apps Getting More Boost in Recent Times?
Software7 months ago
A Guide For Better Cybersecurity & Data Protection For Your Devices
Android6 months ago
What Is content://com.android.browser.home/ All About? Set Up content com android browser home
Latest News7 months ago
Soap2day Similar Sites And Alternatives To Watch Free Movies
Android App1 year ago
Cqatest App What is It
Android App8 months ago
What is OMACP And How To Remove It? Easy Guide OMACP 2022
Blog6 months ago
MyCSULB: Login to CSULB Student and Employee Portal
Business6 months ago
Know Your Business (KYB) Process – Critical Component For Partnerships
Entertainment9 months ago
Benefits of Playing Ludo on a Digital Platform