What’s Driving the Near Field Communication Market Growth?

Near Field Communication Market

Near Field Communication is a short-range, low-power communications protocol between two devices. One device, the initiator, uses magnetic induction to create a radio-wave field that the target can detect and access, allowing small amounts of data to be transferred wirelessly over a relatively short distance. NFC is now gaining traction in the healthcare industry, and has caught the eye of various medical device manufacturers for use in their products.

The global Near Field Communication market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.

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The Global market for Near Field Communication in Healthcare is driven by factors such as increase in demand for data transfer between devices, demand for home based monitoring and management and highly secure and easy transfer of patient information, rise in NFC enabled communication systems in the market and increased adoption of smartphone usage globally. Decline in cost of these devices has also enabled many people to use this facility and hence, contributed and will continue contributing to growth of this market.

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The following manufacturers are covered:

Gemalto

Broadcom

Infineon Technologies

Inside Secure

NXP Semiconductors

MediaTek

Market Segment by Type, covers:

     Non-auxiliary products

Auxiliary products

Market Segment by Applications, can be divided into:

Smartphone & Tablets

PCs & Laptops

Others

Drivers and restraints impacting the growth of the market have also been analyzed. A segmentation of the global Near Field Communication market has been done for the purpose of a detailed study. The profiling of the leading players is done in order to judge the current competitive scenario. The competitive landscape is assessed by taking into consideration many important factors such as business growth, recent developments, product pipeline, and others. The research report further makes use of graphical representations such as tables, info graphics, and charts to forecast figures and historical data of the global Near Field Communication market.

Market Segment by Regions, regional analysis covers:

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

The major geographical regions which include, North America, Asia Pacific, Europe, the Middle East & Africa and Latin America are studied. Top manufacturers from all these regions are studied to help give a better picture of the market investment. Production, price, capacity, revenue and many such important data is been discussed with precise data.

Most important data include the key recommendations and predictions by our analysts, intended to steer a strategic business decision. The company profiles section of this research service is a compilation of the growth strategies, financial status, product portfolio, and recent developments of key market participants. The report provides detailed industry analysis of the global Near Field Communication market with the help of proven research methodologies such as Porter’s five forces. The forces analyzed are bargaining power of the buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and the degree of competition.

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 Major Factors:

  • Global Near Field Communication Market Overview
  • Economic Impact on Market
  • Market Competition
  • Global Near Field Communication Market Analysis by Application
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Global Near Field Communication Market Effect, Factors, Analysis
  • Global Near Field Communication Market Forecast

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