NFC Market is valued at USD 9.50 Billion in 2017 and is expected to reach USD 35.84 Billion by 2027 with a CAGR of 14.2% over the forecast period.

Scope ofNFC Market Report:

The contactless communication between different devices is known as Near Field Communication (NFC). These devices can be smartphones, tablets, or any NFC-compatible device. It works on the principle of electromagnetic radio fields by sending information from transmitter to receiver within close proximity to each other. The rough range for NFC devices to communicate with each other is within 10cm.

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Due to this short range, it is good for secure communication between NFC-enabled devices and hence is more convenient and versatile in nature. World pay, the leader in NFC technology helps other businesses to adopt the fast and secure NFC communication for payment methods reported in 2019 US Consumer Behavior Report that 66% of US consumer believes that traditional payment cards will be replaced by smartphones in coming years.

Important years considered in the study are:

Historical year – 2015-2020; Base year – 2020; forecast period – 2021 to 2027

Global NFC Market Segmentation:

By Technology:

• Type A
• Type B
• FeliCa

By Devices:

• Active NFC
• Passive NFC

By Modes:

• Peer-to-peer mode
• Read/write mode
• Card emulation

By Application Type:

• Payment cards
• Mobile phones
• ATMs
• Vending machines
• Others

Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Post-Consumer NFC Market.

Some of the key players/Manufacturers Involved in the Market are:

Some major key players for Global NFC Market are NXP semicondutors, Gentag, Dukosi, Go To Tags, Toro Development, AncomAS, TapSpaces, NFC21, Wearifi, Amyko, Agate Studios and others.

Key Benefits for NFC Market Reports

The analysis provides an exhaustive investigation of the global Post-Consumer NFC market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer NFC market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer NFC market. This is done with an aim of helping companies in

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global NFC Market
• Historical, Current and Projected Market Size in terms of value and Volume
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints and Opportunities Covered in the study
• Reecent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on Global NFC Market Performance
• Demand Side and Supply Side Perspective and analysis
• Company/Players/Manufacturers/Vendors/Service Providers Market Share
• Competitive Landscape, Competition Matrix, and Player Positioning Analysis
• Market Dynamics, Trends, Factors affecting market growth during upcoming year
• Key Buyers and End-User Analysis
• Value Chain & Supply Chain Analysis including Distribution and Sales Channels as well as Forward and Backward Integration scenarios
• Manufacturing Cost Structure Analysis
• Key Raw Materials Analysis
• Key Pricing Strategies adopted in the market
• Key Marketing Strategies adopted in the market
• Porters Five Forces Analysis
• SWOT Analysis
• PESTLE Analysis

Porter’s Analysis is another added point in the report which explains how the number of manufacturers affects the whole market scenario.

PESTLE Analysis includes a political, economic, social, technological, legal, and environmental analysis of all the regions. This analysis explains the effect of all these factors on the NFC market.

Pricing analysis is provided in the report, which is examined in accordance with different regions and product type segments. The values for all product type segments in all the regions including North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA) are provided.

Table of Content

1. Chapter – Report Methodology

1.1. Research Process

1.2. Primary Research

1.3. Secondary Research

1.4. Market Size Estimates

1.5. Data Triangulation

1.6. Forecast Model

1.7. USP’s of Report

1.8. Report Description

2. Chapter – Global NFC Market Overview: Qualitative Analysis

2.1. Market Introduction

2.2. Executive Summary

2.3. Global NFC Market Classification

2.4. Market Drivers

2.5. Market Restraints

2.6. Market Opportunity

2.7. NFC Market: Trends

2.8. Porter’s Five Forces Analysis

2.9. Market Attractiveness Analysis

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According to the Regional Segmentation, the NFC Market provides the Information covers the following regions:

• North America
  • South America
  • Asia & Pacific
  • Europe
  • MEA (Middle East and Africa)

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

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