Albany, NY -- (SBWIRE) -- 02/13/2014 -- Near field communication (NFC) has been around since past few years but was not yet implemented as it was undergoing pilot testing phase. Considerable research and developments have been made in this field and several prototypes are developed for number of products and applications. Major application areas of NFC include mobile payments, data sharing, and advertisement among others. Although there are limited products commercially available today using NFC technology, this market is expected to witness immense growth in product and applications in upcoming few years.
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NFC technology market is expected to grow at compounded annual growth rate of 68.8% owing to increase in market share of SIM based model and handset embedded model in near future. NFC technology is rapidly adopted in number of mobile applications, thus adding to the growth of NFC technology industry. This technology is largely implemented in developed economies like North America and Europe which are the major contributors in NFC chips industry sharing over more than 60% of the total market share. NFC technology is expected to grow rapidly in Asia Pacific market owing to increasing use of mobile phones and wireless applications.
Based on Product
- NFC Chip
- Micro SD Card
- Integrated SIM
- Reader and Middleware
Based on Application
- Mobile Payment
- Data Sharing
- Access Control
This research report analyzes this market depending on its major market segments and geographies. Geographical regions analyzed under this report are
- North America
- Asia Pacific
- Rest of the World
This research report provides complete analysis of
- Major Industry Segments
- Growth Drivers
- Factors Affecting Market Growth
- Market Structure
- Industry Capacity and
- Market Projections for near Future
This report also includes analysis of current technological developments in NFC technology industry, Porter’s five force model analysis, and detailed company profiles of top industry players. This report provides review of micro and macro factors significant with respect to existing market players and new entrants along with detailed value chain analysis.
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