NFC Chips Market Analysis 2021-2027
New Study Reports ” NFC Chips Market Analysis 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027” has been Added on MarketResearchFuture.
Report Overview
The report on the NFC Chips Market Analysis provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2027. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
Market Dynamics
Factors affecting the NFC Chips Market Analysis have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects. The various economic and demographic factors that influence the market have been presented in the study. The impact of important markers such as pricing, demand and supply, and population levels have been studied in this report. The forecast regarding the NFC Chips Market Analysis extending up to the year 2027 has been provided based on the conclusions from the aforementioned factors.
The rise in number of digital transactions globally is leading to the increased demand for NFC Chips Market Analysis. Furthermore, its advantages including cost and time reduction is further adding to the growth of the NFC Chips Market Analysis. Growing need for speedy transactions is also creating demand for NFC where retailers can serve their customers quickly and efficiently. Moreover, government initiatives towards a transparent cashless economy have helped the NFC Chips Market Analysis to grow at a higher pace globally.
Global NFC Chips Market Analysis was valued at USD 4.26 billion in 2017 and is expected to reach USD 11.76 billion by the end of the forecast period at a CAGR of 18.86%.
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Key Players
The report has profiled some of the Important players prevalent in the global like – The key players in the NFC Chips Market Analysis are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Intel Corporation (US), Verifone Systems, Inc. (US), MStar Semiconductor, Inc. (Taiwan), Broadcom Corporation (US), STMicroelectronics (Switzerland), Qualcomm, Inc. (US), NXP Semiconductors (Netherlands), Ingenico Group (France), SAMSUNG (South Korea), and Marvell Technology Group Ltd (Bermuda). These players contribute a major share in the growth of NFC Chips Market Analysis.
Regional Analysis:
The NFC Chips Market Analysis is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of NFC Chips Market Analysis has been done for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and South America). North America is expected to hold a significant share of the NFC Chips Market Analysis during the forecast period followed by Europe. Adoption of advanced technologies, digitization and high adoption rate of digital payments coupled with high ownership of smartphones and internet penetration are some of the major factors driving the NFC Chips Market Analysis in North America.
A large number of government initiatives implemented in many countries such as India and Japan for promoting cashless transactions is leading to the demand for NFC chips in the Asia-Pacific region. Also, technological advancements such as a rapid increase in smartphone adoption and contactless payment are further boosting up the growth of NFC chips market. NFC enables consumers to have a better connection with stores and offers which improves customer satisfaction and the retailers in return have better consumer insights which help them to serve better. Therefore, it widely being adopted in the retail sector. Thus, Asia-pacific is expected to grow at the highest CAGR during the forecast period.
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Major Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
2.1 Definition 15
2.2 Scope Of The Study 15
2.3 Market Structure 15
2.4 List Of Assumptions 16
3 Research Methodology
4 Market Dynamics
5 Global NFC Chips Market Analysis, By Component
Continued…
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