Global Near Field Communication (NFC) Market Research and Forecast, 2018-2023

INDORE, India - March 4, 2019 - PRLog -- Increasing trend of mobile commerce to boost the global near field communication (NFC) market

According to OMR analysis, the global NFC market is estimated to grow with very high rate during the forecast period 2018-2023. Growing use of smart phones across the globe, increasing trend of mobile commerce, reduction in price of chips and technological development of NFC are major growing factors for NFC market.

Furthermore, the global NFC market is segmented on the basis of application, product, device and regional outlook. The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.

NFC is one of the fastest emerging technologies in financial sector. The technology works on the electromagnetic induction between two antennas in order to develop communication. Growing trend of electronic payments particularly contactless mode of transaction is augmenting the demand for NFC. According to the US Payment Forum, as of December 2018, 99% of the top 200 retailers across the country made transaction with chip enabled cards using NFC. Therefore, growth in contactless payments through increasing demand of mobile commerce is estimated to boost the NFC market.

Moreover, increasing penetration of smartphones is supporting the market demand for adoption of mobile commerce for secured and safe financial transactions. Both business and individual sectors are estimated to encourage the market for NFC. Business sector is one of the potential sectors to get benefited through NFC due to the integration of credit cards, subway tickets, and paper coupons all into one device. According to the Smart Payment Association, an industry trade group, approximately 53% cards issued in Europe in 2015 were contactless.

The report covers
Comprehensive research methodology of global near field communication market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global near field communication market.
Insights about market determinants which are stimulating the global near field communication market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Full report of global NFC market is available at https://www.omrglobal.com/industry-reports/near-field-com...

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