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Near Field Communication Market – Analysis and Forecast (2021-2027)

The COVID-19 outbreak has accelerated the development of the near-field communication industry due to a surge increasing demand for contactless solutions. Furthermore, as a result of the COVID-19 epidemic, the NFC market will see increased usage of NFC technology in smart packaging for healthcare, as well as increased demand for NFC in expanding medical applications.

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Near Field Communication Market – Analysis and Forecast (2021-2027)

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  1. Global Near Field Communication Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Near Field Communication Market The global near-field communication market is expected to witness a CAGR of 14.5% during the forecast period. Near Field Communication Market is based on a wireless interface that allows all communication equipment and electronic gadgets to communicate with one another by establishing radio connectivity under proximity. This technology is mostly utilized for short-range data sharing on smartphones, computers, laptops, and tablets. Moreover, the businesses are facing many challenges like fluctuation in the supply chain, a shift in working hours, and protecting their employees, resulting in the adoption of NFC tags. Moreover, the industry players are innovating NFC-enabled products during the outbreak to improve the customer experience.

  4. Global Near Field Communication Market In October 2021, Infineon a prominent leader for payment ICs has announced a novel SECORA™ Pay portfolio on 40 nm technology with best-in-class contactless performance. The rising demand for NFC in contactless payment via mobile and POS during the COVID-19 crisis has accelerated the growth of the NFC market. Based on offering, the global near-field communication market is divided into non-auxiliary products, auxiliary products, and software. The non-auxiliary products are further sub-divided into NFC ICs & antennas, NFC tags, NFC readers. NFC micro-SD cards, NFC SIM/UICC cards, and NFC covers are some of the auxiliary products. NFC reader is anticipated to witness the largest share owing to the rising demand for NFC readers in network access and authentication applications. Furthermore, the NFC reader is compact and has capabilities such as access control, payments, mass transit, and attendance tracking.

  5. Global Near Field Communication Market APAC is anticipated to have a high CAGR owing to the world’s fastest-growing and leading industrialized economies as there are novel technologies and developments across industry verticals. The increased penetration of smartphones in the countries like India and China, mounting investment in R&D activities for the innovation of novel NFC devices will fuel the growth in the region. Some of the major players in the global Near Field Communication Market include NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Infineon Technologies AG, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Thales Group, Identiv, Inc., and MagTek Inc.

  6. For Sample Report :- https://www.vynzresearch.com/semiconductor-electronics/near-field-communication-market/request-sample www.vynzresearch.com

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