Near Field Communication Market worth 21.84 Billion USD by 2020


Posted July 21, 2017 by RameshwarM

The near field communication (NFC) market is expected to reach USD 21.84 Billion by 2020, at a CAGR of 17.1% between 2015 and 2020.

 
According to a new market research report "Near Field Communication Market by Operating Mode (Card Emulation, Reader Emulation, & Peer-to-peer), Product & Software (Non-auxiliary & Auxiliary), Industry (Retail, Transportation, Automotive, & Others), and Geography - Global Forecast to 2020", the total market is expected to reach USD 21.84 Billion by 2020, at a CAGR of 17.1% during the forecast period.
Browse 73 market data Tables and 78 Figures spread through 163 Pages and in-depth TOC on "Near Field Communication Market"
Get More Information@
http://www.marketsandmarkets.com/Market-Reports/near-field-communication-nfc-market-520.html

Early buyers will receive 10% customization on reports.
Growing volume of cashless transactions is driving the NFC Market.
The growing volume of cashless transactions across the world is one of the key drivers for the market. There is a strong demand for multi-tasking electronics devices across the world; therefore, consumer electronics companies are engaged in incorporating NFC technology in their mobile phones and tablets to deliver a single solution to their customers.
The other segments covered in this report are operating modes and NFC product & software. Under operating modes, the peer-to-peer mode is dominating the market as it enables two-way communication among the NFC devices. The non-auxiliary/in-built NFC products currently have the largest market size, while the market for auxiliary products is expected to grow at highest CAGR.
APAC is expected to grow at the highest CAGR during the forecast period
APAC is expected to grow at a CAGR of 20.5% between 2015 and 2020. This high growth is attributed to the growing shipments of consumer electronics in the region, which creates an opportunity for NFC chip manufacturers to collaborate with major consumer electronics companies. Moreover, the rising income, high adoption of smart appliances, and rising per capita income in countries such as India and China further create a huge growth potential for the market in APAC.

The major players in this market are NXP Semiconductors (Netherland), Broadcom Corporation (U.S.), STMicroelectronics NV (Switzerland), MediaTek, Inc. (Taiwan), Renesas Electronics Corporation (Japan), Gemalto NV (Netherlands), and Texas Instruments (U.S.).
Download PDF Brochure@
http://www.marketsandmarkets.com/pdfdownload.asp?id=520

The report analyses the market trends for each of the market segments and their respective growth rates. Apart from the market segmentation, the report also covers in-depth analyses such as Porter's five forces analysis, value chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities, and challenges for the NFC market.
Graphical Analysis:
The Americas currently dominate the market in terms of market size and APAC is expected to grow at the highest CAGR during the forecast period. The high growth of APAC is attributed to the growing shipments of mobile phones and the higher adoption of smart appliances in this region. The NFC market in APAC is in the emerging stage and the ongoing development in the region makes it a lucrative and high-potential market.

The major factors driving this market are the growing volume of cashless transactions, adoption of smart appliances, and trend of mobile commerce. The market size for the NFC market is included in the report for the four geographical regions, namely, the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). Currently, the American market holds the major share of this market and the APAC region is expected to grow at the highest rate during the forecast period.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
UK : 44-800-368-9399
Visit our Blog @ http://www.marketsandmarketsblog.com/market-reports/
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By RameshwarM
Website Near Field Communication Market
Phone 1-888-600-6441
Business Address Mr. Rohan MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States
Country United States
Categories Automotive , Transportation
Tags near field communication market , nfc market
Last Updated July 21, 2017