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Near Field Communication (NFC) Market Share, Size, Analysis,
Growth, Industry Trends and Forecasts, 2015 to 2020| Hexa
Research
" The Near Field Communication (NFC) market is
estimated to observe rapid increase across several
application verticals over the forecasted period."
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 calculated 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 of synchronization with other participants such as credit cards
companies or banks, network operators and payment service providers.
Browse Details of Report @ http://www.hexaresearch.com/research-report/near-field-communication-
industry
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