Albany, NY -- (SBWIRE) -- 12/08/2016 -- 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.

Request a PDF Brochure with Report Analysis:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=712

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.

Market Segmentation

Based on Product

NFC Chip
Micro SD Card
Integrated SIM
Reader and Middleware

Based on Application

Mobile Payment
Ticketing
Booking
Data Sharing
Access Control
Infotainment
Advertisement

This research report analyzes this market depending on its major market segments and geographies. Geographical regions analyzed under this report are

Europe
North America
Asia Pacific
Rest of the World

Browse the Full Report at:
http://www.transparencymarketresearch.com/nfc-technology-market.html

Major Industry Segments
Growth Drivers
Factors Affecting Market Growth
Market Structure
Industry Capacity and
Market Projections for near Future

Major Players

Some key players dominating this market are as follows:

Sony Corporation, NXP Semiconductors, Oberthur Technologies, Mastercard, Nokia Corporation, Identive Group Inc., Gemalto NV, Broadcom (U.S.), Renesas (Japan), American Express Company, AT & T Inc., Barclays, DeviceFidelity Inc., Google Inc., Infineon Technologies AG, Ingenico SA, Inside Secure, NTT Docomo Inc., Paypal Ltd., Research in Motion Ltd., Samsung Electronics Co. Ltd., Sandisk Corp., ST Microelectronics NV, Texas Instruments, Toshiba Corporation, Tyfone Inc., Verifone Systems Inc., Visa Inc., and others.

About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.