TMCnet News
Research and Markets Adds Report: 'Global NFC Chips Market 2014- 2018' [Manufacturing Close - Up](Manufacturing Close - Up Via Acquire Media NewsEdge) Research and Markets has announced the addition of the "Global NFC Chips Market 2014-2018" report to its offerings. In a release, Research and Markets noted that report highlights include: The Global NFC Chips Market will grow at a CAGR of 91.4 percent over the period 2013-2018. The growth of the Global NFC Chips market is driven by several factors, the most important of which is the increasing penetration of NFC technology. There has been a tremendous increment in awareness of NFC that has resulted in the high adoption of NFC chips. Also, the increasing number of patents obtained by the vendors and the increasing number of global NFC projects have contributed significantly to the increasing penetration of NFC technology. The use of mobile phones for NFC transactions has allowed numerous participants to enter the NFC ecosystem. Various sectors such as Transit, BFSI, and Retail use NFC-specific applications through NFC devices for their business operations. For instance, the tap and pay initiative by Google Inc. (which has attracted various participants such as NXP, Samsung, Citi Group, MasterCard, and Verifone Systems from the NFC ecosystem) requires vendors to ensure that their end-users are provided with numerous applications related to NFC technology. Such initiatives can lead to an increase in the value of mobile transactions and also help the Global NFC Chips market to grow in the next few years. Further, the report states that one of the key challenges in the market is the lack of application level standardization of NFC. NFC used for transactions has to adhere to various global level standards set by government institutions, but there is ongoing ambiguity in the standards. Key Vendors -Broadcom Corp. -Inside Secure SA -MediaTek, Inc. -NXP Semiconductors N.V. -Qualcomm, Inc. -Renesas Electronics Corp. -Sony Corp. Key Market Drivers/Challenges/Trends -Increasing Penetration of NFC Technology. -Lack of Application-level Standardization. -Increasing NFC-based Transactions Key Topics Covered:-Executive Summary -List of Abbreviations -Scope of the Report -Market Research Methodology -Introduction -Market Landscape -Geographical Segmentation -Buying Criteria -Market Growth Drivers -Drivers and their Impact -Market Challenges -Impact of Drivers and Challenges -Market Trends -Trends and their Impact -Vendor Landscape -Key Vendor Analysis Report information: http://www.researchandmarkets.com/research/cqd477/ global_nfc_chips ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |