How to use Near Field Communication (NFC) for Business

The Near Field Communication (NFC) market is estimated to observe rapid increase across several application verticals over the forecasted period. The Near Field Communication (NFC) is a short-range wireless technology that allows to communicate between two or more devices on contact or when they are temporarily held together. Increasing smart phone demand and growing technological advancements are anticipated to drive the market over the next five years. Increasing availability and cost effectiveness of NFC-enabled mobiles is projected to positively impact market growth.

Payment options for mobile or m - commerce technology is estimated to take near field communication market into mainstream level. Contactless transactions with NFC enabled devices were the biggest application for this market in 2015, contributed a share for around 21% of global market. The main challenge for NFC contactless payments in upcoming years would be low stage of synchronization with other participants such as credit cards companies or banks, network operators and payment service providers.

Browse Details of Report @

https://www.hexaresearch.com/research-report/near-field-communication-industry

In 2015, North America was counted as the largest market with 32% of share contribution for near field communication due to significant demand of early implementation and contactless payments in the market. The NFC market can be categorized into auxiliary and non auxiliary products. Auxiliary products include NFC authorized SIM’s, Covers and Micro SD’s and Non Auxiliary segment consists of IC/Chips, readers and tags. Some of the mobile phones having in-built chips, which enable data, range over a short range. The security feature which NFC technology consists of is making the financial transactions more secure. Transfer capacity and data speed is another feature of technology which provides faster data transmission, which is expected to boost the NFC market globally. Increasing usage of NFC technology in social media sector is expected to provide positive impact on market growth.

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - https://www.hexaresearch.com/

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.