Future Market Insights has recently published a market research report on Global Near Field Communication (NFC) market. The study presents a detailed analysis on the historical data, current and future market scenario for the Near Field Communication (NFC) market. The global Near Field Communication (NFC) market report is projected to witness a positive growth over the forecast period of 2021 and 2025.
The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness a healthy growth over the forecast period. Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the Near Field Communication (NFC) market in the upcoming decade.
According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the Near Field Communication (NFC) market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the Near Field Communication (NFC) market report and gather data from a wide range of primary and secondary sources.
Get more Insights Analysis on this Near Field Communication (NFC) Market @ https://www.futuremarketinsights.com/reports/sample/rep-gb-464
Impact of COVID-19 on Near Field Communication (NFC) Market
With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.
FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid Near Field Communication (NFC) market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the Near Field Communication (NFC) market.
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Key Questions Addressed in the Near Field Communication (NFC) Market Report
- How will the Near Field Communication (NFC) market expand through 2025?
- Which are the major key growth drivers and opportunities driving the market growth?
- What are the recent technological developments in the Near Field Communication (NFC) market?
- What are key challenges and competition threats faced by Near Field Communication (NFC) market players?
- Which region is the most lucrative in the Near Field Communication (NFC) market?
Near Field Communication (NFC) Market: Competitive Analysis
The FMI’s Near Field Communication (NFC) market report provides a detailed analysis of prominent players as well as emerging companies operating in the Near Field Communication (NFC) market. Some of the key players are:
Gemalto N.V., DeviceFidelity, Inc., Visa Inc., Broadcom Inc., STMicroelectronicsN.V., Toshiba Corporation, Samsung Electronics Co. Ltd., Identive Group, Inc., NXP Semiconductors, Infineon Technologies and On Track Innovations (OTI) Ltd. etc.
With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.
NFC Market Segmentation
Global NFC market is segmented on the basis of applications, product types and regions. On the basis of applications, the market is further sub segmented into broad range of applications, such as contactless payments, data sharing, infotainment, access control & authentication, medical & healthcare, transportation and others. Out of all these applications contactless payment application is expected to remain dominant throughout the forecasted period. This is mainly because of rising adoption of mobile wallet payments, improved financial transparency and public sector servicing. On the basis of product type, the market is further sub segmented into non-auxiliary and auxiliary products. Non- auxiliary products are further categorised as tags, readers and controller IC’s/Chips. Auxiliary products include micro SD cards, SIM cards and NFC enabled covers. Out of all these product types, NFC readers are projected to experiences high market growth during forecasted period, it is prominently because of emerging applications areas and increasing demand of NFC readers in authentication and access control applications. On the basis of region, the global NFC market is sub-segmented into seven regions, North America, Latin America, Asia-Pacific (excluding Japan), Japan as a separate region, Western Europe, Eastern Europe and Middle East & Africa region. North America region is largest in terms of market share with USA leading the market. Asia Pacific region is expected to show high growth rate during forecasted period because of increasing awareness and adoption of NFC technology into retail and transportation. Followed by APAC, Europe region is also estimated to be promising market with countries such as Germany and U.K.
For more insights on the Near Field Communication (NFC) Market, you can request for TOC at @ https://www.futuremarketinsights.com/toc/rep-gb-464
Why Buy FMI’s Report?
- Extensive analysis on key trends and opportunities on the industries ongoing trends in different regions across the globe
- All-inclusive assessment on recent technological advancements and forecast of the upcoming decade
- A comparative analysis of leading players and emerging players in the Near Field Communication (NFC) market
- Reliable information on new product launches, organic and inorganic strategies, and more
- Valuable insights on the impact of regulatory framework on the global Near Field Communication (NFC) market
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