Market Analysis Report Near Field Communication Market

Your Catalyst to a Lucrative Business
Near Field Communication Market Share,Size,
Application,Growth, Research and Forecasts to 2020 | Hexa
Research
“ near field communication market is likely to experience rapid growth across
various applications in next few years.”
30 November 2018
According to Research Report by Hexa Research, near field communication market is likely to experience
rapid growth across various applications in next few years. With increase in technology and increase in
smart phone demand globally, this market has grown. The global Market of NFC was calc ulated at USD
1.06 billion in 2015 and expected to rise at CAGR of 43.1% throughout forecast period from 2015 to
2020.The NFC industry provides major opportunities to direct mail marketing industry. It helps marketers in
providing content through an embedded around field communication chip, which allows wireless
communication when a user aces a mobile device with close proximity of NFC tag.
Payment options for mobile or m - commerce technology is estimated to take near field communication
market into mainstream level. Contactless transactions with NFC enabled devices were the biggest
application for this market in 2015, contributed a share for around 21% of global market. The main
challenge for NFC contactless payments in upcoming years would be low stage o f synchronization with
other participants such as credit cards companies or banks, network operators and payment service
providers.
Browse Details of Report @ https://www.hexaresearch.com/research-report/near-field-communication-
industry
In 2015, North America was counted as the largest market with 32% of share contribution for near field
communication due to significant demand of early implementation and contactless payments in the
market. The NFC market can be categorized into auxiliary and non auxiliary products. Auxiliary
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