NFC Systems Market is estimated to grow by at a CAGR of 14.63% between 2022 and 2027; Integration of NFC technology in smartphones to drive market growth - Technavio

NEW YORK, May 26, 2023 /PRNewswire/ -- The NFC systems market size is estimated to increase by USD 21,742.46 million from 2022 to 2027, with a CAGR of 14.63%, according to recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report - Request a sample report

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.

Find Technavio's Exclusive Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

The addictions therapeutics market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below -

ASSA ABLOY AB, Avery Dennison Corp., Broadcom Inc., Intel Corp., KISI Inc., MagTek Inc., Murata Manufacturing Co. Ltd., Nordic Semiconductor ASA, NXP Semiconductors NV, Qualcomm Inc., Samsung Electronics Co. Ltd., Sony Group Corp., STMicroelectronics NV, Texas Instruments Inc., Thales Group, The Swatch Group Ltd., Zebra Technologies Corp., Zeus RFID, Renesas Electronics Corp., and Infineon Technologies AG.

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Virtual Reality Market in Healthcare Market - Analysis of Segments

• The market is segmented by Application (Retail, Automotive, Transportation, and Banking, finance and others), Product (NFC readers, NFC chips, NFC tags, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)
• Retail segment dominates the application segment in the market. NFC systems in the retail industry facilitate the management of inventory, assets, and supply chains. Large retailers such as Amazon and Flipkart have witnessed high customer satisfaction and better inventory control by using NFC systems in their warehouse management. Such factors have boosted the revenue of the global NFC systems market in the retail segment. Retailers have experienced real-time visibility, cost-effective multiple inventory counts, efficient resource allocation, and increased fulfillment accuracy by adopting NFC systems. 

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Market Dynamics

Key Trends - 

• The growing adoption of NFC-equipped devices is the primary trend in the near field communication systems market. 
• Smart wearables and IoT devices are becoming more and more popular due to their increasing functionality for various applications.
• If these devices are equipped with NFC built-in capabilities, they will allow users to pay in stores, grant access to public transport, or grant entry into office buildings

Key Drivers - 

• The integration of NFC technology in smartphones is the key factor driving the near field communication systems market. 
• NFC technology allows users to make secure transactions, share digital content, and connect electronic devices with a single touch. 
• NFC-enabled smartphones can be used for peer-to-peer communication, read/write mode, and card emulator applications. In the peer-to-peer communication mode, the NFC chip allows the smartphone to connect to other NFC-enabled devices to transfer data.
• Data is transmitted at a frequency of 13.56 megahertz. In the card emulator mode, an NFC-enabled smartphone can function as a smart card or contactless card to make payments.
• In the read/write mode, an NFC-enabled smartphone can read or write the NFC tags attached to the products that the device scans

Key Challenges - 

• Increasing cybercrime issues is a major challenge to the growth of the near field communication systems market. 
• Contactless payment systems based on NFC technology allow individuals to swipe their cards or mobile devices through POS terminals to make secure payments.
• When the card is brought close, the contactless payment terminal sends a signal, activating the NFC chip embedded in the card, which responds with a unique identification number (ID) and transaction information.
• This transaction information cannot be reused, preventing it from being used by cybercriminals. However, in late 2022, Prilex's developers updated the malware with a code that blocks contactless transactions, which results in the terminal prompting the buyer to insert their credit card in the device. This allows the malware to read the data coming from the transaction and causes money theft

Geographic Analysis
The market is segmented by region North America, APAC, Europe, South America, and Middle East and Africa. An analysis of key leading countries has been included.

• North America will account for 34% of the market growth during the forecast period. Manufacturers of smartphones, smartwatches, and POS terminals are the primary buyers of NFC systems. These OEMs induce NFC systems into their devices offering consumers access to a range of applications such as data exchange, contactless payments, and car parking access. Some of the leading vendors of NFC systems in North America are Qualcomm Technologies, Intel, and Broadcom.

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What are the key data covered in this NFC Systems Market report?

• CAGR of the market during the forecast period.
• Detailed information on factors that will drive the growth of the NFC Systems Market between 2023 and 2027.
• Precise estimation of the size of the NFC Systems Market size and its contribution to the market in focus on the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior.
• Growth of the NFC Systems Market industry across North America, APAC, Europe, South America, and Middle East and Africa.
• A thorough analysis of the market's competitive landscape and detailed information about vendors.
• Comprehensive analysis of factors that will challenge the growth of NFC Systems Market vendors.

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Related Reports -

The near-field communication (NFC) chips market is estimated to grow by USD 3,083.48 million at a CAGR of 12.78% between 2022 and 2027. This report extensively covers market segmentation by type (non-auxiliary and auxiliary), product (smartphones, smart wearables, POS terminals, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The market share growth of the non-auxiliary segment will be significant during the forecast period. The increased adoption of contactless payments is notably driving the market growth.

The NFC transaction market will grow steadily and post an excellent CAGR of over 55% by 2020. This report extensively covers market segmentation by mobile device and wearable and geography (America, APAC, EMEA). During 2015, the mobile device segment dominated the market by accounting for around 56% of the total market share. One of the factors contributing toward the growth of the market will be the increasing adoption of mobile payment and digital wallet services.

Table of Contents - 

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global NFC systems market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global nfc systems market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Retail - Market size and forecast 2022-2027
• Exhibit 34: Chart on Retail - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Retail - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Retail - Year-over-year growth 2022-2027 (%)

• 6.4 Automotive - Market size and forecast 2022-2027
• Exhibit 38: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 6.5 Transportation - Market size and forecast 2022-2027
• Exhibit 42: Chart on Transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Transportation - Year-over-year growth 2022-2027 (%)

• 6.6 Banking and finance and others - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Banking and finance and others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Banking and finance and others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Banking and finance and others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Banking and finance and others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)
• Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 52: Chart on Product - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 54: Chart on Comparison by Product
• Exhibit 55: Data Table on Comparison by Product

• 7.3 NFC readers - Market size and forecast 2022-2027
• Exhibit 56: Chart on NFC readers - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on NFC readers - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on NFC readers - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on NFC readers - Year-over-year growth 2022-2027 (%)

• 7.4 NFC chips - Market size and forecast 2022-2027
• Exhibit 60: Chart on NFC chips - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on NFC chips - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on NFC chips - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on NFC chips - Year-over-year growth 2022-2027 (%)

• 7.5 NFC tags - Market size and forecast 2022-2027
• Exhibit 64: Chart on NFC tags - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on NFC tags - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on NFC tags - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on NFC tags - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Product 
• Exhibit 72: Market opportunity by Product ($ million)
• Exhibit 73: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 75: Chart on Market share by geography 2022-2027 (%)
• Exhibit 76: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 77: Chart on Geographic comparison
• Exhibit 78: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 115: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 119: Market opportunity by geography ($ million)
• Exhibit 120: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 121: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 123: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 124: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 125: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 126: Matrix on vendor position and classification

• 12.3 Broadcom Inc. 
• Exhibit 127: Broadcom Inc. - Overview
• Exhibit 128: Broadcom Inc. - Business segments
• Exhibit 129: Broadcom Inc. - Key news
• Exhibit 130: Broadcom Inc. - Key offerings
• Exhibit 131: Broadcom Inc. - Segment focus

• 12.4 Infineon Technologies AG 
• Exhibit 132: Infineon Technologies AG - Overview
• Exhibit 133: Infineon Technologies AG - Business segments
• Exhibit 134: Infineon Technologies AG - Key news
• Exhibit 135: Infineon Technologies AG - Key offerings
• Exhibit 136: Infineon Technologies AG - Segment focus

• 12.5 Intel Corp. 
• Exhibit 137: Intel Corp. - Overview
• Exhibit 138: Intel Corp. - Business segments
• Exhibit 139: Intel Corp. - Key news
• Exhibit 140: Intel Corp. - Key offerings
• Exhibit 141: Intel Corp. - Segment focus

• 12.6 MagTek Inc. 
• Exhibit 142: MagTek Inc. - Overview
• Exhibit 143: MagTek Inc. - Product / Service
• Exhibit 144: MagTek Inc. - Key offerings

• 12.7 Murata Manufacturing Co. Ltd. 
• Exhibit 145: Murata Manufacturing Co. Ltd. - Overview
• Exhibit 146: Murata Manufacturing Co. Ltd. - Business segments
• Exhibit 147: Murata Manufacturing Co. Ltd. - Key news
• Exhibit 148: Murata Manufacturing Co. Ltd. - Key offerings
• Exhibit 149: Murata Manufacturing Co. Ltd. - Segment focus

• 12.8 Nordic Semiconductor ASA 
• Exhibit 150: Nordic Semiconductor ASA - Overview
• Exhibit 151: Nordic Semiconductor ASA - Product / Service
• Exhibit 152: Nordic Semiconductor ASA - Key offerings

• 12.9 NXP Semiconductors NV 
• Exhibit 153: NXP Semiconductors NV - Overview
• Exhibit 154: NXP Semiconductors NV - Product / Service
• Exhibit 155: NXP Semiconductors NV - Key news
• Exhibit 156: NXP Semiconductors NV - Key offerings

• 12.10 Qualcomm Inc. 
• Exhibit 157: Qualcomm Inc. - Overview
• Exhibit 158: Qualcomm Inc. - Business segments
• Exhibit 159: Qualcomm Inc. - Key news
• Exhibit 160: Qualcomm Inc. - Key offerings
• Exhibit 161: Qualcomm Inc. - Segment focus

• 12.11 Renesas Electronics Corp. 
• Exhibit 162: Renesas Electronics Corp. - Overview
• Exhibit 163: Renesas Electronics Corp. - Business segments
• Exhibit 164: Renesas Electronics Corp. - Key offerings
• Exhibit 165: Renesas Electronics Corp. - Segment focus

• 12.12 Samsung Electronics Co. Ltd. 
• Exhibit 166: Samsung Electronics Co. Ltd. - Overview
• Exhibit 167: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 168: Samsung Electronics Co. Ltd. - Key news
• Exhibit 169: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 170: Samsung Electronics Co. Ltd. - Segment focus

• 12.13 Sony Group Corp. 
• Exhibit 171: Sony Group Corp. - Overview
• Exhibit 172: Sony Group Corp. - Business segments
• Exhibit 173: Sony Group Corp. - Key news
• Exhibit 174: Sony Group Corp. - Key offerings
• Exhibit 175: Sony Group Corp. - Segment focus

• 12.14 STMicroelectronics NV 
• Exhibit 176: STMicroelectronics NV - Overview
• Exhibit 177: STMicroelectronics NV - Business segments
• Exhibit 178: STMicroelectronics NV - Key news
• Exhibit 179: STMicroelectronics NV - Key offerings
• Exhibit 180: STMicroelectronics NV - Segment focus

• 12.15 Texas Instruments Inc. 
• Exhibit 181: Texas Instruments Inc. - Overview
• Exhibit 182: Texas Instruments Inc. - Business segments
• Exhibit 183: Texas Instruments Inc. - Key news
• Exhibit 184: Texas Instruments Inc. - Key offerings
• Exhibit 185: Texas Instruments Inc. - Segment focus

• 12.16 Thales Group 
• Exhibit 186: Thales Group - Overview
• Exhibit 187: Thales Group - Business segments
• Exhibit 188: Thales Group - Key news
• Exhibit 189: Thales Group - Key offerings
• Exhibit 190: Thales Group - Segment focus

• 12.17 The Swatch Group Ltd. 
• Exhibit 191: The Swatch Group Ltd. - Overview
• Exhibit 192: The Swatch Group Ltd. - Business segments
• Exhibit 193: The Swatch Group Ltd. - Key offerings
• Exhibit 194: The Swatch Group Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 195: Inclusions checklist
• Exhibit 196: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 197: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 198: Research methodology
• Exhibit 199: Validation techniques employed for market sizing
• Exhibit 200: Information sources

• 13.5 List of abbreviations 
• Exhibit 201: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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