DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5vb6sb/world_near_field) has announced the addition of the "World Near Field Communication Market - Opportunities and Forecasts, 2014 - 2020" report to their offering.
The report forecasts that the World Near Field Communication Market will garner a revenue of $24.0 billion by 2020, registering a CAGR of 40.4% during the forecast period. North America dominates the world NFC market, owing to the huge demand exhibited by the U.S. for near field communication technology. However, Asia-Pacific region is expected to exhibit a faster growth over the forecast period 2015-2020.
In 2014, 1.2 billion smartphones were sold worldwide, which further increased by 7% in the first quarter of 2015. Increased penetration of smartphones and tablets in developed and developing regions is the key driving factor for the growing adoption of NFC technology.
The key applications of NFC technology include contactless payment, information sharing, user authentication and access control, monitoring healthcare systems and others. Mobile or contactless payment dominated the global near field communication market by application, accounting for 33% market share in terms of revenue in 2014.
It offers faster transactions as compared to conventional cash, credit or debit card transaction. However, monitoring healthcare systems segment would witness the highest CAGR of 42.8% during the forecast period. In this application, NFC sends data in encrypted form to reduce the possibility of information security breach.
- Apple Inc.
- Broadcom Corporation
- Infineon Technologies
- Inside Secure
- NXP Semiconductors
- STMicroelectronics N.V
- Samsung Electronics Co. Ltd.
- Sony Corporation
- Texas Instruments Inc.
- Toshiba Corporation
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: World In-Car Infotainment Market By Product Type
Chapter 5: World In-Car Infotainment Market By Devices
Chapter 6: World In-Car Infotainment Market By Application
Chapter 7: World In-Car Infotainment Market By Geography
Chapter 8: Company Profiles
For more information visit http://www.researchandmarkets.com/research/5vb6sb/world_near_field