(PRWEB) October 20, 2014 -- The report of “Near Field Communication (NFC) Market by Product, Application (Payment, Transportation, Booking, Data Sharing, Service, Access Control, Health Care, and Tag applications) & by Geography - Global Forecasts to 2022”, defines and segments the global near field communication market into various sub segments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
The total value of near field communication market is expected to reach $16.25 Billion by 2022 at an estimated CAGR of 8.83% from 2014 to 2022.
Browse 70 market data tables and 102 figures spread through 298 pages and in-depth TOC on "Near Field Communication (NFC) Market”
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The NFC market is expected to flourish in the near future. The report also includes an in-depth analysis of the products, applications, and geography.
MNM global NFC report gives a detailed view of the market across various regions, namely - The Americas (North America and South America), Europe (U.K., Germany, France, Italy, and Rest of Europe), the Asia-Pacific (China, Japan, Korea, India, and Rest of APAC), and ROW (the Middle East, Australia, and Africa). Americas is the largest geography in terms of the NFC market value, with the U.S leading the way. APAC has been identified as the fastest growing region and a leader in the NFC technology devices. Europe also has a very promising market, comprising Germany and the U.K., while the ROW also bestows an impetus to the growth of this market. The report profiles 10 promising players in the NFC market ecosystem.
Near Field Communication (NFC) technology has been integrated in circuits and incorporated in mobile devices and products to store information and control transactions. The NFC market in electronics and semiconductor industry has created a new revenue stream in the electronics industry, having Americas as the crown holder of the on the whole ecosystem. This technology is basically operated in three modes, namely, card emulation, reader emulation, and peer-to-peer mode. This report highlights the importance of NFC technology in the modern world, giving details of the vital points related to this industry.
The NFC market is very dynamic and the taking part of a proper supply chain has helped the industry to reach new heights. Due to the improvements in effective supply chain and distribution, this industry has grabbed the attention of NFC product manufacturers, and numerous venture capitalists to generate more and more revenue with the help of high quality products and systems.
Continuous research &development in this technology has allowed new entrants to penetrate in the unexplored markets. America holds a major share in the overall NFC market. The American region has launched the largest commercial mobile payment system and high quality products; hence, it has become the major hub of NFC product manufacturing. APAC is expected to grow at a high CAGR throughout the forecast period.
The NFC market is segmented based on Market by product, application, and geography. The market by product gives an in-depth analysis of IC/chips, tags, readers, micro SD cards, SIM cards, and mobile covers. The application segment is divided into eight major types, namely- payment, transportation, booking, data sharing, service, access control, healthcare, and tag applications. The market by application and geography are also discussed with a detailed explanation of each and every aspect related to it.
NFC market by geography is divided based on different geographic locations - Americas, Europe, APAC, and ROW. Americas is the largest market by geography due to the fact that the major part of the electronics and semiconductor industry is based in countries like U.S., Canada, and Mexico. There are many other companies that have their presence in this market.
In this report, the NFC market has been segmented into the following categories:
• Market by Product- Chips, tags, micro SD Card, integrated SIM card, readers, and covers
• Market by Application- Payment, transportation, booking, data sharing, service, access control, and tag applications
• Market by Geography- Americas, Europe, Asia-Pacific (APAC), and the Rest of the World (ROW)
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