|By Business Wire||
|August 19, 2014 03:49 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/3mvdmb/near_field) has announced the addition of the "Near Field Communication (NFC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
The global NFC market was valued at USD 1,068.3 million in 2012 and is expected to grow at a CAGR of 43.7% during the forecast period.
Worldwide, the shipment for NFC-enabled cellular handsets stood at 264.5 million units in 2013. The mobile phone and tablet manufacturers are increasingly including NFC features in their phones and this is expected to grow during the coming years. Further, most of the already existing point of sale (POS) and transportation systems across the globe use NFC technology, thus considerable infrastructure is already developed for the use of NFC -enabled devices. There is a lot of research being carried out in the NFC field which shows the commitment of industry players toward full scale implementation of NFC in coming future.
The products in NFC market include NFC controller ICs (chips), NFC tags, NFC readers and NFC secure elements. NFC chips enable transactions and data exchange without the need to pair the devices. NFC technology saves time in payment processing as the transaction gets conducted through radio frequency (RF); this is resulting in the increasing adoption of NFC chips. NFC tags are capable of storing small amounts of information. Customer satisfaction, easy communication and ease of use are some of the factors expected to drive the NFC tags market. NFC readers are the devices capable of reading data through the NFC-enabled devices when tapped. Secure elements store applications which perform security execution and authentication for access.
These products are finding applications in various areas such as payment (transaction), ticketing, booking, data sharing, service, authentication and access control, healthcare, and games and toys, among others. Furthermore, NFC complements and enhances advanced smart card driven applications such as payment, logistics & supply chain, public transport, customer loyalty program, point of sale (POS), access management and eGovernance. Number of new applications across various industries such as healthcare, and gaming and services is also leading to the growth of this market. NFC-based payment model is rapidly gaining momentum as it is anticipated to replace currently used debit and credit cards owing to better security features. Ease of use and improved security features are some of the reasons for the increasing adoption of NFC technology in newer application areas.
The global NFC market is categorized into the following segments:
Near Field Communication Market, by Product Type:
- NFC Controller ICs (Chips)
- NFC Tags
- NFC Readers
- NFC Secure Element
Near Field Communication Market, by Application:
- Data Sharing
- Authentication and Access Control
- Games and Toys
- Others (smart advertising and NFC based location services)
- 4 Recent Developments
- Broadcom Corporation
- DeviceFidelity, Inc.
- Gemalto N.V.
- Identive Group, Inc.
- NXP Semiconductors N.V.
- On Track Innovations (OTI) Ltd.
- ST Microelectronics N.V.
- Samsung Electronics Co. Ltd.
- Toshiba Corporation
- Visa, Inc.
For more information visit http://www.researchandmarkets.com/research/3mvdmb/near_field
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