DUBLIN, Aug. 14, 2014 /PRNewswire/ -- Research and Markets 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 near field communication (NFC) market is primarily driven by growing adoption of NFC in the rapidly growing smartphones market across the world. Further, contactless payment tradition is growing which is also aiding the growth of NFC market. 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.
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.
Key Topics Covered:
2 Executive summary
3 Global Near Field Communication Market Analysis
4 Global Near Field Communication Market, By Product Type
5 Global Near Field Communication Market, By Application
6 Global Near Field Communication Market Analysis, By Region 2013 - 2019
7 Company Profiles
- 4 Recent Developments
- Identive Group
- NXP Semiconductors
- On Track Innovations
- ST Microelectronics
- Samsung Electronics
- Toshiba Corporation
- Visa, Inc.
For more information visit http://www.researchandmarkets.com/research/qwvjf2/near_field
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets