Pune, India -- (SBWIRE) -- 04/26/2019 -- The latest report has been added to the wide database of Near Field Communication Market by Infinium Global Research. This report studies the Near Field Communication Market by product (auxiliary products, non- auxiliary products), device (peer-to-peer, card emulation, reader emulation), application (monitoring healthcare system), end use (automotive, banking & finance, consumer electronics) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Near Field Communication Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape, latest trends, and product offerings of the major companies in the Near Field Communication Market. According to report the global near field communication market is projected to grow at a CAGR of 18.2% over the forecast period of 2018 - 2024.

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Near Field Communication Market: Insights

Near field communication, technology is mainly used in smartphones, laptops, and tablets for short range of data exchange (up to 10cm or less). The requirement of faster access to data across various industries is the major factors driving the growth of the market. Additionally, the need for efficiency and reliability is also driving the adoption of near field communication market. However, the security of data, increasing penetration of smartphones, contactless payments, high costs of installations, and security concerns are the factors restraining the growth of the market. Moreover, the growing adoption of online payment is the factor providing major growth opportunities for the key players in the near field communication market.

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Near Field Communication Market: Segmentation

The report on global near field communication market covers segments such as product, device, application and end user. The product segments include auxiliary products, non- auxiliary products and NFC software. On the basis of device, the global near field communication market is categorized into peer-to-peer, card emulation and reader emulation. Furthermore, on the basis of application the near field communication market is segmented as mobile/contactless payment, monitoring the healthcare system, user authentication & access control and others. On the basis of end user, the near field communication market is segmented as automotive, banking & finance, retail, medical & healthcare, transportation, consumer electronics, and others.

Near Field Communication Market: Competitive Landscape

The report provides profiles of the companies in the global near field communication markets such as Identiv Group, Inc, DeviceFidelity, Inc, Mediatek Inc, Huawei Technologies Co., Ltd, Apple Inc, Inside Secure, NXP Semiconductors N.V, Broadcom Corporation, Gemalto NV, and Infineon Technologies AG.

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Reasons to Buy this Report:

Comprehensive analysis of global as well as regional markets of the Near Field Communication.

Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.