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 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. NFC is a short-range communication technology that enables data transfer between two NFC-enabled devices. The data transfer includes cash transactions, device control, and many other applications. This report market covers the major segments namely operating modes (peerto-peer, card emulation, and reader emulation), products & software, application industry, and region. The market size estimations for these segments are provided in this report; the key trends and market dynamics related to these segments are also covered under separate chapters for these segments. Browse 73 market data tables and 78 figures spread through 163 pages and in-depth TOC on "Near Field Communication Market - Global Forecast to 2020" http://www.marketsandmarkets.com/Market-Reports/near-fieldcommunication-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 multitasking 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 peerto-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. Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=520 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.).. 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 Porterâ€™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. 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 is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model â€“ 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. Contact: Mr. Rohan Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: email@example.com
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.