Welcome!

Industrial IoT Authors: Pat Romanski, Elizabeth White, Liz McMillan, William Schmarzo, Jeev Trika

News Feed Item

Global NFC Market Driven by Rising Mobile Commerce

DALLAS, August 11, 2014 /PRNewswire/ --

Near Field Communication (NFC) Market by Product (IC/Chips, Tags, Readers, and Auxiliary), Application (Payment, Transportation, Booking, Data Sharing, Service, Access Control, Health Care, and Tag applications) & by Geography - Global Forecasts to 2022 is a June 2014 research report spread across 298 pages and available with ReportsnReports.com at http://www.reportsnreports.com/reports/291277-near-field-communication-nfc-market-by-product-ic-chips-tags-readers-and-auxiliary-application-payment-transportation-booking-data-sharing-service-access-control-health-care-and-tag-applications-by-geography-global-forecasts-to-2022.html . The NFC market is currently witnessing a rapid growth in all its verticals. The NFC market is driven by the increasing trend of mobile commerce. Another driver for this market is that the NFC Forum and GSMA are pushing forward the NFC standard at global level. This report gives an in-depth analysis of the NFC market that includes market by product, market by application and market by geography.

Growing at 8.83% CAGR, total NFC Market is expected to reach $16.25 Billion by 2022. This market is expanding globally and the major market for the NFC ecosystem lies in America. The other regions Europe, APAC and ROW follow the American terms of the NFC market. This report gives an in depth analysis of the major drivers, restraints, and opportunities for this market. Also, a competitive landscape of the major players in the NFC ecosystem is very well illustrated. The NFC is a very dynamic market and entails a great potential across many industry verticals. The advancements in technology due to the never ending R&D in this sector, makes it one of the prominent segments in the current industrial scenario. The NFC products have been experiencing continuous developments right since their inception. The technology has a major role to play in this sector due to the cost effective matrix, and this results into a longer life cycle of products and systems, along with greater reliability. The highlighting features of the NFC technology include high rate of communication with other NFC-enabled devices, better properties to withstand rough environmental conditions, and a longer life that is best suited for the payment, ticketing, booking, and data sharing applications.

This report focuses on giving a detailed view of NFC with respect to the product market, with detailed market segmentations, combined with a qualitative analysis of each and every aspect of the classifications. The NFC market has been divided into three major verticals products, applications, and geography. The product vertical is sub-divided into IC/chips, tags, readers, micro SD cards, SIM cards, and covers. The application vertical has been further sub-divided into payment, transportation, booking, service, data sharing, access control healthcare, and tag applications. The geography has been sub-divided into Americas, Europe, APAC, and ROW. Payment application has the largest market share in terms of value for 2013. Apart from the demand side market drivers, the report also analyzes the supply side drivers. The major players in this field includes: Broadcom (U.S.), Inside Secure (France), Infineon Technologies (Germany), MediaTek (Taiwan), NXP Semiconductors ( Netherlands), Renesas (Japan), Samsung Electronics (South Korea), Sony Corporation (Japan), STMicroelectronics (U.S.), Texas Instruments (U.S.), and Gemalto (Netherlands). Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=291277 .

The Near Field Communication (NFC) technology is developing at a very high pace in the overall market. One of the greatest advantages of this technology is that it utilizes less power than the other wireless technologies. This technology has been commercialized in many products, which operate in three modes, namely, card emulation, reader emulation, and peer-to-peer. This technology can be compatible with the existing contactless card infrastructure and this also enables a consumer to utilize one device across multiple systems.

The major Near Field Communications market drivers discussed in this research include Adoption of Smart Homes Appliances and Smart Healthcare Services, Growing Trend Of Mobile Commerce, Enhanced User Experience And Trust Amongst Contactless Card Technologies, Growth In Production Of NFC-Enabled Mobile Phones and Use Of Cost Effective, Smaller Size, And Power Efficient Element (Silicon) In Chips. Short Range Communication, Indifference and Disputes between Key Players in the Value Chain and Only Proprietary Standards are the restraints of the industry as per this research. Opportunities for the new entrants and current market players of near field communications industry include Integrated IC Supporting NFC, Bluetooth, And Wi-Fi, Online And In-Store Payment In Retail and Growing Need Of Connectivity Between Different Devices. Burning issues discussed in this research include Lack Of Consumer Awareness and Need Of Intermediaries Gateway For Mobile Payment (Not An End-To-End Technology), whereas 'winning imperatives' like Innovation In Payment Methods In Emerging Economies and Strategic Coalition Across Value Chain are also covered in the report.

M Commerce Market by Transactions (M Retailing, M Ticketing/Booking, M Billing, Other M Commerce Services), Payment Modes (NFC, Premium SMS, WAP, Carrier Billing), Users (Smart Devices, Feature Phones) - Worldwide Forecasts & Analysis (2014 - 2019) is a April 2014 research report spread across 167 pages. It says in 2014, the M Commerce market of NA accounts for the highest market share in the total M Commerce market. In 2019 as well, NA is expected to be the highest revenue generating segment in the overall M Commerce market. The Y-o-Y growth rates of LA will be on the higher side among the M Commerce market. The LA will be on the higher side among the M Commerce market throughout the forecast period 2014-2019. Companies like Ericsson, Gemalto, Google Inc., IBM Corp, Mastercard Inc., Mopay AG, Oxygen8, PayPal, SAP AG and Visa Inc. are profiled in this research available at http://www.reportsnreports.com/reports/282229-m-commerce-market-by-transactions-m-retailing-m-ticketing-booking-m-billing-other-m-commerce-services-payment-modes-nfc-premium-sms-wap-carrier-billing-users-smart-devices-feature-phones-worldwide-forecasts-analysis-2014-2019-.html .

Explore more reports on the IT & Telecommunications markets at http://www.reportsnreports.com/market-research/information-technology/ .

About Us 

ReportsnReports.com is an online market research reports library of 450,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers.

Contact: 

Priyank Tiwari

TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252

Tel: +1-888-391-5441
[email protected]

Connect With Us on: 

Facebook: https://www.facebook.com/pages/ReportsnReports/191441427571689

LinkedIn: www.linkedin.com/company/reportsnreports

Twitter: https://twitter.com/marketsreports

Pinterest: www.pinterest.com/comeonseo/reportsnreports/

RSS/Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml


SOURCE ReportsnReports.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...