Future Market Insights (FMI) presents its new, comprehensive study on the global Near Field Communication (NFC) market spanning from 2015 to 2025. The report takes a deep dive into the Near Field Communication (NFC) market after exhaustively researching, analyzing, and assessing the market’s global and regional trends to encourage market players to improve their business tactics and succeed in the long-run. Researches at FMI have no left no stone unturned in bestowing readers a comprehensive view of the market, by studying the drivers, trends, challenges, and restraints. Backed by historical data and projected data, the report breaks down the vast study into numerous geographies and end-use segments, among others to condense the research.
The researchers have analyzed macro-economic factors such as political, economic, social, technological, environmental, and legal developments, to derive the drivers and restraints of the Near Field Communication (NFC) market. Excessive study of the political and economic landscape of all major regions has been done to present the factors that will impel the market revenue. On the other hand, consumer behavior across the globe has been scrutinized to understand the possible growth restraints, in addition to other macro factors. Understanding the restraining factors empowers market players to mitigate the possible risks that they may have to deal with during the forecast period.
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Impact of COVID-19 on Near Field Communication (NFC) Market
Akin to numerous industries, the global technology sector is witnessing adverse consequences of the COVID-19 pandemic. With governments across the world implementing restrictions on operations, this has created a drastic shortage of resources – both manual and material. As a result, there has been a start change in both the consumer and supplier priorities. While essential technologies are anticipated to thrive, the growth trajectory of Near Field Communication (NFC) market will experience fluctuations.
FMI’s report includes a dedicated section expounding both the short-term and long-term impact of the pandemic on the Near Field Communication (NFC) market. The study is shaped to bolster stakeholders in making the right decisions to mitigate challenges and leverage opportunities through the pandemic.
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Near Field Communication (NFC) Market: Segmentation
To simply the gargantuan study, the report is segregated on the basis of different segments.
On the basis of product type:
- non-auxiliary and
On the basis of Application:
- contactless payments,
- data sharing,
- access control & authentication,
- medical & healthcare,
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The aforementioned segments are studied with respect to each individual region, considering the region-specific trends, drivers and restraints.
Near Field Communication (NFC) Market: Competition Analysis
Numerous players in the Near Field Communication (NFC) market have been studied based on service and application portfolios, market share, and growth potential, among other details, which are sure to empower individual players in adapting strategies to gain dominance. The report also indulges in forecasting trends, supply-side demands, strategies of players, and how these will change during the forecast period, thereby preparing market players to act accordingly. The way leading market players are implementing strategies and reshaping them based on emerging trends has been given high importance. Understanding the same will bolster market players in making appropriate business decisions, and guide them on a profitable path through the forecast period. Key players covered in the research include
- Gemalto N.V.,
- DeviceFidelity, Inc.,
- Visa Inc.,
- Broadcom Inc.,
- Toshiba Corporation,
- Samsung Electronics Co. Ltd.,
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Key Questions Answered in FMI’s Near Field Communication (NFC) Market Report
- Which region is anticipated to hold a prominent market share over the forecast period?
- What will be the key driving factor propelling the demand for Near Field Communication (NFC) during the forecast period?
- How current socio-economic trends will impact the Near Field Communication (NFC) market?
- What are the growth strategies implemented by prominent players in the Near Field Communication (NFC) market to maintain their foothold in the competitive landscape?