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NEW YORK, Oct. 13, 2022 /PRNewswire/ — The Near Field Communication Market size is expected to decrease by USD 18.46 billion during 2021-2026, during the forecast period, according to Technavio. The rising penetration of NFC-based contactless payment, growing investment in ICT, and growing number of smartphone users will offer immense growth opportunities. However, a lack of awareness about the benefits of contactless terminals, the availability of alternatives, limited range of NFC will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Free Sample Report.
- Device
- Reader/writer Mode
- Card Emulation Mode
- Peer-to-peer Mode
- Geography
- APAC
- North America
- Europe
- South America
- MEA
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our near field communication market report covers the following areas:
- Near Field Communication Market size
- Near Field Communication Market trends
- Near Field Communication Market industry analysis
This study identifies the rising penetration of NFC technology-based contactless payments as one of the prime reasons driving the near field communication market growth during the next few years. Buy Sample Report.
We provide a detailed analysis of around 25 vendors operating in the Near Field Communication Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Near Field Communication Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
- ams AG
- Avery Dennison Corp.
- Broadcom Inc.
- Flomio Inc.
- Intel Corp.
- NXP Semiconductors NV
Full story available on Benzinga.com
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