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Near Field Communication Market - New Revenue Pockets
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 overall 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 involvement 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 inthistechnology has allowed new entrants to penetrate in the unexploredmarkets. America holds a major share inthe 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.
NFC is emerging as a major technology in the recent years due to the innovations in products, devices, and application systems. These components contribute towards themanufacturing of a product and eventually a system. NFC is a diverse sector and it can be found in many applications like payment, transport,ticket booking, data sharing, service, access control,and other such applications including healthcareand tag applications. In future, mobile payment and the tag applications will be utilized in more business verticals.
The NFC market is still in its growth stage and to increase its growth it needs to analyze and implement a new approach towards the already saturated market.
The highlights and profiles of major companies such asBroadcom (U.S.),Gemalto (Netherlands) Inside Secure (France), Infineon Technologies (Germany), MediaTek (Taiwan)NXP Semiconductors (Netherlands), Renesas Electronics Corporation (Japan), Samsung Electronics Corporation (South Korea), STMicroelectronics NV (Switzerland), and Texas Instruments (U.S.)are also included in this report.
Near Field Communication (NFC) Market by Product (IC/Chips, Tags, Readers, and Auxiliary), Application (Payment, Transportation, Booking, Data Sharing, Service, Access Control, Health Care, and Tag applications) & by Geography - Global Forecasts to 2022
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