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NFC Market Size Share Trends (2020 - 2025)

The NFC market is expected to grow from USD 18.0 billion in 2020 to USD 34.9 billion by 2025, at a CAGR of 14.2%.<br><br>The major factors driving the growth of the NFC market are the increasing trend of mobile commerce and the growing adoption of wearable technology. However, the issue of short-range communication is expected to restrain the growth of the market.

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NFC Market Size Share Trends (2020 - 2025)

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  1. MarketsandMarkets Presents NFC Market with COVID-19 impact by Device operating mode (Reader emulation, Peer-To-Peer, and Card Emulation), Offering (Non-Auxiliary products, Auxiliary products, and Softwares), Application, and Region - Global Forecast to 2025 The NFC market is expected to grow from USD 18.0  billion in 2020 to USD 34.9 billion by 2025, at a CAGR of 14.2%.

  2. MarketsandMarkets Presents The major factors driving the growth of the NFC market are the increasing trend of mobile commerce and the growing adoption of wearable technology. However, the issue of short-range communication is expected to restrain the growth of the market. ♦ Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=520 Reader emulation is attributed to hold the largest share of the NFC market The market for reader emulation is projected to witness highest growth in the NFC market for the forecast period, as the majority of mobile phone and retail applications use NFC chip in reader emulation mode. There is high adoption of NFC-based mobile wallets, such as Goggle pay, Samsung pay, Apple Pay, and Android Pay, which are expected to witness the highest CAGR in the coming years, owing to the high demand originating from payments.

  3. MarketsandMarkets Presents Software to witness the highest growth in NFC market in coming years The software segment is expected to witness the highest growth in the NFC market in the coming years owing to the integration of its functionalities into routers, infotainment systems, wearable electronic devices, and other NFC-enabled devices. Additionally, more innovative software applications are expected to be launched in the coming years. View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/near-field-communication-nfc-market-520.html Consumer electronics accounted for a major share of the overall NFC market Consumer electronics is the largest application industry for NFC and accounted for a major share of the overall NFC market with the commercialization of the technology in smartphones, media tablets, smart TVs, set-top boxes, and gaming consoles. There has been an increase in the production of NFC-based interfaces, which enable users to control devices using this short-range communication technology.

  4. MarketsandMarkets Presents APAC to witness highest CAGR of NFC market during the forecast period The NFC market in APAC is foreseen to grow at a significant rate. The growth of the NFC market in APAC is mainly driven by increasing developments (such as R&D activities, investments, and partnerships among companies) related to NFC in countries such as Japan, China, and South Korea. Additionally, it has some of the world’s fastest-growing and leading industrialized economies. It is witnessing dynamic changes in the adoption of new technologies and advancements in organizations across industries.

  5. MarketsandMarkets Presents Key Market Players The NFC market was dominated by NXP Semiconductors (The Netherlands), Broadcom (US), Qualcomm (US), Texas Instruments (US), and STMicroelectronics (Switzerland).

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

  7. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. AashishMehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : 1-888-600-6441

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