New Report Available: Near Field Communication Market - Global Forecast to 2020

Near Field Communication Market by Operating Mode (Card Emulation, Reader Emulation, & Peer-to-peer), Product & Software (Non-auxiliary & Auxiliary), Industry (Retail, Transportation, Automotive, & Others), and Geography - Global Forecast to 2020

The NFC market is in the growing phase and is expected to reach USD 21.84 billion by 2020, at a CAGR of 17.1% between 2015 and 2020.

Retail & consumer electronics Industries dominated the NFC market

The retail industry is one of the most prominent applications of the market owing to the growth of mobile commerce and cashless transactions worldwide. In 2014, the retail industry accounted for a share of 60% of the total market. Therefore, the deployment of intelligent NFC PoS terminals is also supported by retail owners and many other stakeholders as they help to drastically reduce the overburden of carrying cash and cards. The consumer electronics application also held a prominent share of the NFC market. The demand for NFC technology in growing consumer electronics devices such as wearable electronics, cameras, mobile phones, and others is supporting the growth of the market.

Full Report Details at
- http://www.fastmr.com/prod/1076665_near_field_communication.aspx?afid=301

APAC is estimated to be the fastest-growing market. The rapid growth of market in APAC is attributed to the growing shipments of NFC-enabled mobile phones and retail automation products. Moreover, APAC is a lucrative region for automotive production as the major automotive manufacturers are shifting their base to this region; this, in turn provides an opportunity for the NFC market in APAC.

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource) to identify and collect information useful for this study. After arriving the overall market size the total market has been split into several segments and sub segments and confirmed with the key industry experts. Below is the description of the primary interview conducted for this report.

* By company type: Tier I- 20%, Tier II-35%, and Tier III-45%
* By designation: C level- 20% , Director level-60% , others-20%
* By region- North America-50%, Europe-33%, North America-17%

At present, the Americas hold the largest market share. The Americas is the most technologically advanced market owing to the higher penetration of NFC technology. The mobile NFC payment has become a first choice for a majority of customers in the North American region as it delivers a convenient way to pay, through a smartphone. APAC is estimated to be the fastest-growing market till 2020, it is expected to be a market leader for NFC products. The growing shipments of mobile and volume of contactless payments in Asian countries are the key drivers for the growth in APAC.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Communication Test and Measurement Market Test Solutions - Global Forecast to 2020
- Audio Communication Monitoring Market - Global Forecast to 2020
- Signal Generator Market - Global Forecast to 2015 - 2020
- Free Space Optics (FSO) and Visible Light Communication (VLC) Market - Global forecast to 2020
- Smart Building Market - Global Forecast to 2020