Technology Near Field Communication (NFC) Market Trends 2020 | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future devices were the biggest application for this market in 2012, 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 Related Category Market Reports @ https://www.hexaresearch.com/researchcategory/technology-industry In 2012, North America was counted as the largest market with 32% of share contribution for near field communication due to significant demand of early implem entation and contactless payments in the market. The NFC market can be categorized into auxiliary and non auxiliary products. Auxiliary products include NFC authorized SIM’s, Covers and Micro SD’s and Non Auxiliary segment consists of IC/Chips, readers and tags. Some of the mobile phones having in-built chips, which enable data, range over a short range. The security feature which NFC technology consists of is making the financial transactions more secure. Transfer capacity and data speed is another feature of technology which provides faster data transmission, which is expected to boost the NFC market globally. Increasing usage of NFC technology in social media sector is expected to provide positive impact on market growth. Browse Full Report with TOC @ https://www.hexaresearch.com/research-report/nearfield-communication-industry/ About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/