Albany, NY -- (SBWIRE) -- 06/19/2017 -- NFC systems bring two devices in close proximity to enable peer-to-peer communication. End-users use this technology to transfer information from their devices to other NFC devices, such as smartphones and NFC tags. The system directly transfers data between phones or phones and POS devices. Many mobile phone operators are looking for ways to further develop this technology.

The global NFC systems market to grow at a CAGR of 13.43% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global NFC systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of NFC systems to various industries.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Global NFC Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Broadcom
INSIDE SECURE
MediaTek
NXP Semiconductors
Renesas Electronics
Sony
Other prominent vendors
Qualcomm
Smartrac
STMicroelectronics
SanDisk
Market driver
Increasing awareness about NFC technology among merchants
For a full, detailed list, view our report

Market challenge
Growing demand for upgraded NFC POS terminals
For a full, detailed list, view our report

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Market trend
Emergence of HCE
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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