{"id":635293,"date":"2023-01-24T18:22:01","date_gmt":"2023-01-24T18:22:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=635293"},"modified":"2023-01-24T18:22:01","modified_gmt":"2023-01-24T18:22:01","slug":"new-revenue-opportunity-with-nfc-market-for-software-worth-349-billion-forecast-analysis","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/new-revenue-opportunity-with-nfc-market-for-software-worth-349-billion-forecast-analysis_635293.html","title":{"rendered":"New Revenue Opportunity with NFC Market for Software worth $34.9 billion Forecast Analysis"},"content":{"rendered":"
\n
\"New<\/a><\/div>\n
\n
NFC market<\/div>\n<\/div>\n<\/div>\n
The NFC market is projected to reach USD 34.9 billion by 2025, at a CAGR of 14.2% during the forecast period<\/div>\n

The report “NFC Market<\/a> with COVID-19 impact by Device operating mode (Reader emulation, Peer-To-Peer, and Card Emulation), Offering (Non-Auxiliary products, Auxiliary products, and Softwares), Application, and Region – Global Forecast to 2025″<\/strong>, is expected to grow from USD 18.0  billion in 2020 to USD 34.9 billion by 2025, at a CAGR of 14.2%. The major factors driving the growth of the NFC market are the increasing trend of mobile commerce and the growing adoption of wearable technology. However, the issue of short-range communication is expected to restrain the growth of the market.<\/p>\n

• Informational PDF Brochure :-<\/strong>
https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=520<\/a><\/p>\n

Browse 133 market data Tables and 53 Figures spread through 184 Pages and in-depth TOC on <\/em><\/strong>“NFC Market with COVID-19 impact by Application, and Region – Global Forecast to 2025”
View detailed Table of Content here<\/strong> –
https:\/\/www.marketsandmarkets.com\/Market-Reports\/near-field-communication-nfc-market-520.html<\/a><\/p>\n

Reader emulation is attributed to hold the largest share of the NFC market<\/strong><\/p>\n

The market for reader emulation is projected to witness highest growth in the NFC market for the forecast period, as the majority of mobile phone and retail applications use NFC chip in reader emulation mode. There is high adoption of NFC-based mobile wallets, such as Goggle pay, Samsung pay, Apple Pay, and Android Pay, which are expected to witness the highest CAGR in the coming years, owing to the high demand originating from payments.<\/p>\n

Software to witness the highest growth in NFC market in coming years<\/strong><\/p>\n

The software segment is expected to witness the highest growth in the NFC market in the coming years owing to the integration of its functionalities into routers, infotainment systems, wearable electronic devices, and other NFC-enabled devices. Additionally, more innovative software applications are expected to be launched in the coming years.<\/p>\n

Consumer electronics accounted for a major share of the overall NFC market<\/strong><\/p>\n

Consumer electronics is the largest application industry for NFC and accounted for a major share of the overall NFC market with the commercialization of the technology in smartphones, media tablets, smart TVs, set-top boxes, and gaming consoles. There has been an increase in the production of NFC-based interfaces, which enable users to control devices using this short-range communication technology.<\/p>\n

• News also Covered:<\/strong>
https:\/\/www.prnewswire.com\/news-releases\/nfc-market-worth-34-9-billion-by-2025–exclusive-report-by-marketsandmarkets-301195885.html<\/a><\/p>\n

APAC to witness highest CAGR of NFC market during the forecast period<\/strong><\/p>\n

The NFC market in APAC is foreseen to grow at a significant rate. The growth of the NFC market in APAC is mainly driven by increasing developments (such as R&D activities, investments, and partnerships among companies) related to NFC in countries such as Japan, China, and South Korea. Additionally, it has some of the world’s fastest-growing and leading industrialized economies. It is witnessing dynamic changes in the adoption of new technologies and advancements in organizations across industries.<\/p>\n

Key Market Players <\/strong><\/p>\n

The NFC market was dominated by NXP Semiconductors (The Netherlands), Broadcom (US), Qualcomm (US), Texas Instruments (US), and STMicroelectronics (Switzerland).<\/p>\n

Don’t miss out on business opportunities in NFC Market<\/strong>. Speak to our analyst and gain crucial industry insights that will help your business grow.<\/a><\/p>\n

Media Contact<\/span>
Company Name:<\/strong> MarketsandMarkets\u2122 Research Private Ltd.<\/a>
Contact Person:<\/strong> Mr. Aashish Mehra
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 18886006441
Address:<\/strong>630 Dundee Road Suite 430
City:<\/strong> Northbrook
State:<\/strong> IL 60062
Country:<\/strong> United States
Website:<\/strong> https:\/\/www.marketsandmarkets.com\/Market-Reports\/near-field-communication-nfc-market-520.html<\/a><\/p>\n

<\/object>\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

NFC market The NFC market is projected to reach USD 34.9 billion by 2025, at a CAGR of 14.2% during the forecast period The report “NFC Market with COVID-19 impact by Device operating mode (Reader emulation, Peer-To-Peer, and Card Emulation), … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[435,411,403,404,416],"tags":[],"class_list":["post-635293","post","type-post","status-publish","format-standard","hentry","category-Europe","category-Technology","category-UK","category-US","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/635293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=635293"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/635293\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=635293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=635293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=635293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}