Global Near Field Communication (NFC) Market Forecast 2022-TechSci Research

Growing adoption of digital economy, increasing acceptance of mobile wallets and continuous collaboration between financial institutions and mobile device manufacturers to drive global NFC market through 2022

Global Near Field Communication Market

According to TechSci Research report, Global Near Field Communication (NFC) Market By Product Type, By Device Operating Mode, By Device Type, By Application, By End Use Industry, By Region, Competition Forecast and Opportunities, 2022”, the global NFC market is projected to grow at a CAGR of over 20% during 2017 – 2022. Continuous motivation by healthcare device manufacturing companies to adopt NFC for secure and reliable communication between NFC enabled healthcare devices and mobile devices, upsurge in demand for establishing infrastructure for Industry 4.0. and Internet of Things (IoT), and growing integration in electronic devices such printers, memory cards, etc., are some of the major factors expected to aid global near field communication market during forecast period.

Browse 91 market data Tables and 122 Figures spread through 265 Pages and an in-depth TOC on “Global Near Field Communication (NFC) Market”

Increasing partnership between financial institutes and smartphone manufacturers is resulting in an increase in adoption of NFC technology. Retail sector is the largest end user of near field communication (NFC) across the world. In retail sector, NFC is used for offering product information, tracking customer preferences, distributing loyalty points, contactless payment, etc. In addition, NFC is implemented by adding it with other products like billboards, digital signage, etc. to enhance operations of a retail store and reduce traffic at sales desk.

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“Surge in demand for automobiles with advanced technologies such as NFC to continuous connectivity, keyless access, GPS vehicle tracking, connecting mobile devices with car stereo, etc., coupled with increasing trend of smart wearables with NFC capabilities are forecast to positively influence global near field communication market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Near Field Communication (NFC) Market By Product Type, By Device Operating Mode, By Device Type, By Application, By End Use Industry, By Region, Competition Forecast and Opportunities, 2022” has evaluated the future growth potential of global near field communication (NFC) market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global near field communication (NFC) market.

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