News Feature | January 14, 2015

New Report Forecasts Major Growth In NFC Enabled Handsets And NFC Transaction Market By 2019

Christine Kern

By Christine Kern, contributing writer

NFC Enabled Handset Growth

New Global Research Projects Markets Will Grow By 50 Percent by 2019.

The NFC transaction market is forecasted to experience staggering grow in the next 5 years, according to recent research in the recent report by ReportsnReports.com that adds Global NFC Transaction Market 2015-2019 and Global NFC Enabled Handset Market 2015-2019 industry research.  The growth will follow expansion of the NFC ecosystem across market segments such as finance, IT, telecom and device manufacturing. NFC technology is also being aggressively promoted by governments, network operators and manufacturers across the APAC and African regions.

According to a press release, NFC technology is gaining popularity as a result of its ease of use, security, and versatility.  Further, the proliferation of NFC-enabled smartphones is also adding to the NFC transaction market growth during the forecast period. 

The NFC transaction market size is calculated by assessing account transaction and payments made by consumers utilizing NFC technology.  The report examines data from a number of companies, including but not limited to Broadcom, Mastercard, PayPal, Softcard, Visa, American Express, Google, Nokia, Qualcomm, and Samsung Electronics.  The research data is available for purchase here.

The forecast predicts that the Global NFC Handset Market will grow at 55.8 percent CAGR between 2014 and 2019.  The Global NFC Enabled Handset market 2015-2019 report is based on an in-depth market analysis with inputs from industry experts, covers the Americas, the APAC region and the EMEA region; and provides an overview of the vendor.  It also highlights the major growth drivers for the market and identifies key challenges and trends. 

The NFC enabled handsets industry report includes examinations of  Acer, BlackBerry, Google, HTC, Lenovo, LG, Microsoft, Motorola, Samsung, Sony, ZTE, Apple, Alcatel, Brunswick, Citrix, Fujitsu, Gionee, Huawei, Lumigon, OnePlus, Oppo Electronics and Xiaomi. The research is available for purchase here

Growing at an estimated CAGR of 8.83 percent from 2014 to 2022, the total NFC Market is expected to reach $16.25 Billion by 2022. The 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 research report found that there is currently significant and rapid growth across all verticals in the NFC market . Americas is the largest geography in terms of the NFC market value, with the U.S leading the way. APAC has been identified as the fastest growing region and a leader in the NFC technology devices. Europe also has a very promising market, comprising Germany and the U.K., while the ROW also bestows an impetus to the growth of this market. This report also examines market trends, drivers and challenges, in addition to the market forecasts through 2022.  The report profiles 10 promising players in the NFC market ecosystem. The research is available for purchase here