Near Field Communication Market Size – Industry Growth, Share, Trends and Growth Opportunities Forecast to 2028 | Broadcom Corporation, Identive Group Inc., Visa Inc., Toshiba Corporation

global near field communication market is estimated to be valued at US$ 22,282.8 million in 2021 and is expected to exhibit a CAGR of 16.4 % over the forecast period (2021-2028).

Global Near Field Communication Market Report 2022 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2020-2025.This research study of Near Field Communication  market involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry.

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The Near Field Communication market is divided between organized and unorganized companies. The unorganized market now dominates the Near Field Communication market. However, over the predicted period of 2022-2028, this picture is expected to alter. Lifestyle Modification, Rising Due to urbanization, Growing Middle Class Population, Local Availability and Availability of Snacks in Small Package Size, Low Price, and Company’s Strategies to Focus on Regional Taste are all contributing to the growth of the Near Field Communication Market.

Major Key players in this Market:

• Broadcom Corporation
• On Track Innovations (OTI) Ltd.
• DeviceFidelity Inc.
• Identive Group Inc.
• Gemalto N.V.
• NXP Semiconductors N.V.
• Visa Inc.
• Samsung Electronics Co. Ltd.
• Toshiba Corporation
• ST Microelectronics N.V.

Drivers & Trends

The Near Field Communication Market is reliant on a number of factors that can either help or hinder the industry overall. The variables are presented and classified according to their potential impact on the Near Field Communication Market. Various factors are defined in the report for all of the Near Field Communication Market segments and countries. These variables have data attached to them.

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Detailed Segmentation:

Global Near Field Communication Market, by Product Type:

• NFC Tags
• NFC ICs/Chips
• SIM Cards
• NFC Readers
• Others

Global Near Field Communication Market, by Operating Mode:

• Read/Write Mode
• Peer-to-peer Mode
• Card Emulation Mode

Global Near Field Communication Market, by End User:

• Retail
• Transportation
• Automotive
• Residential & Commercial
• Medical & Healthcare
• Consumer Electronics
• Banking & Finance
• Hospitality
• Others

Regional Outlook:

The Asia Pacific, North America, Europe, Latin America, and the Rest of the World are examined in the geographical analysis of the worldwide Near Field Communication market. Because of its well-established ICT service providers and big consumer base, North America is the world’s leading/significant area in terms of market share. Over the projected period 2022-2028, Asia-Pacific is expected to have the greatest growth rate / CAGR.

Method of Research

For the time frame 2022-2028, the market research team used Porter’s Five Force Model to examine the Global Near Field Communication Market demand. In addition, a thorough SWOT analysis is carried out to help the reader make more informed decisions about the Global Near Field Communication Market demand. We used both primary and secondary data collection techniques. In addition, for a thorough analysis of the market, the data analysts used publicly available tools such as annual accounts, SEC filings, and white papers. The approach to analysis clearly reflects the goal of having it evaluated against various metrics in order to provide a comprehensive view of the market.

Report Includes:

• An up-to-date detailed analysis of the global markets for Near Field Communication .
• Analyses of global market trends, including data from 2018 and 2021, predictions for 2022 and 2024, and compound annual growth rates (CAGRs) through 2028.
• The worldwide Near Field Communication market size is estimated and forecasted, with market share analysis by Near Field Communication type, component, application, end-user industry, and geographic area.
• Highlights of the industry’s market potential for Near Field Communication , emerging applications, technological advancements, and strategic innovations
• COVID-19 consequences on market advancement and assessment of feasible technological drivers through a comprehensive examination of numerous Near Field Communication specialised applications for new and existing sub-parts.
• Recent industry structure, present competitive landscape, R&D activities, significant growth initiatives, and business value share analysis based on segmental sales are all included.
• Review of patents granted for Near Field Communication , and assessment of new developments within the industry, as well as new advances in the sector.
• Company profiles of the the world’s leading global players are Broadcom Corporation, On Track Innovations (OTI) Ltd., DeviceFidelity, Inc., Identive Group, Inc., Gemalto N.V., NXP Semiconductors N.V., Visa, Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, and ST Microelectronics N.V.

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