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Global Near Field Communication (NFC) Market to Grow at a CAGR of 20% by 2022: Owing to Anticipated Increase in its Usage for Enabling Communication Between IoT Supporting Devices & IoT Infrastructure - Research and Markets

[August 03, 2017]

Global Near Field Communication (NFC) Market to Grow at a CAGR of 20% by 2022: Owing to Anticipated Increase in its Usage for Enabling Communication Between IoT Supporting Devices & IoT Infrastructure - Research and Markets

The "Global Near Field Communication (NFC) Market By Product Type (Non-Auxiliary Vs. Auxiliary), By Device Operating Mode, By Device Type, By Application, By End Use Industry, By Region, Competition Forecast and Opportunities, 2022" report has been added to Research and Markets' offering.

The Global Near Field Communication (NFC) market is projected to exhibit a CAGR of 20.02%, in value terms, during the forecast period, owing to anticipated increase in its usage for enabling communication between Internet of Things (IoT) supporting connected devices and IoT infrastructure.

Moreover, increase in number of NFC enabled mobile devices coupled with financial institutes collaborating with smartphone manufacturers such as Apple, Samsung (News - Alert), etc. to allow card emulation of debit/credit card is playing a pivotal role in growing demand for NFC services across the world.

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