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Near Field Communication Market Share, Size, Analysis, Growth, Trends and Forecasts to 2019 | Hexa Research
“Near Field Communication Market To Experience
Major Growth, Expected CAGR To Grow Over 43.5% During Forecast Period Of 2013-2019�
According to Research Report by Hexa Research, near field communication market is likely to experience rapid growth across various applications in next few years. With increase in technology and increase in smart phone demand globally, this market has grown. The global Market of NFC was calculated at USD 1.06 billion in 2015 and expected to rise at CAGR of 43.1% throughout forecast period from 2015 to 2020.The NFC industry provides major opportunities to direct mail marketing industry. It helps marketers in providing content through an embedded around field communication chip, which allows wireless communication when a user aces a mobile device with close proximity of NFC tag. 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.
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