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Global NFC Systems Market Growth at CAGR of 13.43%, 2017-2021 - Latest Trend Gaining Momentum in the Market is Emergence of HCE - Research and MarketsDUBLIN, June 20, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global NFC Systems Market 2017-2021" report to their offering. The global NFC systems market to grow at a CAGR of 13.43% during the period 2017-2021. Global NFC Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion operating in this market. Many mobile phone operators are looking for ways to further develop this technology. To calculate the market size, the report considers the revenue generated from the sales of NFC systems to various industries. According to the report, one of the major drivers for this market is increasing awareness about NFC technology among merchants. The increasing awareness about NFC technology among merchants has resulted in the growing adoption of NFC systems, which is driving the growth of the global NFC systems market. NFC systems hep merchants obtain operating cost benefits, such as reduced cash processing, and more effective consumer engagement. The latest trend gaining momentum in the market is emergence of HCE. The emergence of host card emulation (HCE) is one of the latest trends in the market. HCE wearable devices and smartphones perform card emulation on NFC-enabled devices without depending on a secure element. If NFC system vendors reshape the value chain and the business model and introduce the use of HCE, the market will likely grow. Built-in security features, such as an iris scanner and fingerprint reader, are additional safety features for HCE.
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