Near Field Communication (NFC) Market to Grow at CAGR of 43.7% from 2013 to 2019: Transparency Market Research

ALBANY, N.Y.--(BUSINESS WIRE)--

Transparency Market Research announces the release of a report titled "Near Field Communication (NFC) Market (By Products - NFC Controller ICs (chips), NFC Tags, NFC Readers and NFC Secure Elements; By Applications - Payments, Ticketing, Booking, Data Sharing, Services, Authentication and Access Control, Healthcare, Games and Toys and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019".

Browse Report: http://www.transparencymarketresearch.com/near-field-communication-market.html

The global near field communication (NFC) market was valued at US$1.07 billion in 2012 and is estimated to grow at a CAGR of 43.7% during the forecast period from 2013 to 2019.

The key growth drivers for the NFC Market are increasing adoption of NFC technology with the growing smartphone market and awareness about the security it provides. Additionally, as people are realizing the benefits of contactless monetary transactions it is encourage the growth of NFC market. However, this market faces a huge restraint of lack of awareness amongst people about the technology.

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Global near field communication market is segmented on the basis of product type, application, and geography. The sub-segments under the product segment are NFC controller ICs (Chips), NFC tags, NFC readers and NFC secure element. The application segment is inclusive of ticketing, payment, booking, data sharing, service, healthcare, games and toys, authentication and access control and others. Geographically, the global near field communication market is divided into major regions such as North America, Europe, Asia Pacific and Rest of the World.

Press Release: http://www.transparencymarketresearch.com/pressrelease/near-field-communication-market.htm

The key players in the global NFC market are NXP Semiconductors N.V., STMicroelectronics N.V., Gemalto N.V., DeviceFidelity, Inc., Visa Inc., Identive Group Inc., Toshiba Corporation, On Track Innovations (OTI) Ltd., Samsung Electronics Co. Ltd., Broadcom Inc. and Infineon Technologies.

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About Transparency Market Research

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR's exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.