New Report Examines State of Near Field Communication (NFC) Industry in 2015

Published Date : Jan 25, 2016

Albany, NY, Jan 25, 2016: The unstoppable proliferation of smartphones represents a massive growth opportunity for the global near field communication industry, says a fresh report available on the website of The report, titled, “Global Near Field Communication (NFC) Industry 2015 Market Research Report,” says that this industry will also benefit immensely from the increasing adoption of contactless payment methods. In view of these factors, the global near field communication industry is expected to report tremendous growth.

Among the many wireless communication technologies available on the commercial market today, NFC has been slow in courting success, essentially because it offers data exchange between devices that within approximately 10-cm distance of each other. After having been on the market for over a decade, the technology is now poised to see greater adoption. Enterprises and consumers alike are now waking up to the limitless possibilities of near field communication and this will lead to the market expanding at an unprecedented pace over the next few years. This heightened degree of awareness has proven to be the biggest driver for the global near field communication industry in 2015 and will continue to remain so over the current year as well.

The report segments the global near field communication (NFC) industry into sub-markets based on various criteria. The adoption of NFC, according to the report, will be spurred by the size of NFC devices having shrunk in recent years. The integration of NFC with IoT devices will create abundant opportunities for growth and profitability, the market research report observes.

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However, the short range of NFC has always deterred more consumers and enterprises from using this wireless technology. Similar concerns are expected to be seen as the market evolves in the coming year. Security remains yet another matter that companies in the NFC industry need to address, the report states.

The report on the NFC industry traces the most important developments reported from this industry in 2015 and their impact on the trajectory of the market in the coming years. The report conducts a comprehensive competitive evaluation of the market and identifies the top companies in terms of revenue generated and sales volume. An assessment of the prevailing market conditions and their conduciveness to the entry of new market players forms an integral part of the report.

Among the key players in the NFC industry that are profiled in the market research report are: NXP Semiconductors, STMicroelectronics, Broadcom, Renesas Electronics, MediaTek, Inside Secure, Huawei, Texas Instruments, and Samsung Electronics. All of these players are profiled based on their company history, product pictures and specifications, production capacity, revenue and profits, and more.

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