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Modern-day
businesses are increasingly seeking newer methods of speeding
productivity, saving money, and increasing sales. Near field
communication (NFC)-enabled phones and contactless smartcards have
emerged as an essential part of contactless payment technology, which
marks the development of a cashless society. The mass adoption of
contactless payment options such as NFC-enabled phones and
contactless smartcards by both customers and merchants is triggered
by the growth of digital technology.
The
research report on the global NFC-enabled phones and contactless
smartcards market analyzes the evolving platforms, adoption trends,
and forces that govern the market. It also identifies growth
inhibitors, key market players, potential and emerging markets, and
major developments of the NFC-enabled phones and contactless
smartcards market.
Sample
Data of NFC-Enabled Phones And Contactless Smart Cards in PDF:
SWOT
analysis, Porter’s Five Forces analysis, market attractiveness, and
value chain analysis are some of the industry tools adopted by the
analysts in order to present a thoroughly-researched and
well-balanced study of the global NFC-enabled phones and contactless
smartcards market.
Overview
of the NFC-Enabled Phones and Contactless Smartcards Market
NFC-enabled
phones and contactless smartcards are used in a number of application
areas including healthcare, consumer electronics, access control,
information collection and exchange, payments, loyalty and coupons,
and transport. Contactless smartcards and NFC-enabled phones allow
for improved service delivery, reduction in queuing time, integration
with existing cards, better customer insight, increased convenience
in making payments of lower value, and increased revenue opportunity.
The
multi-application support offered by NFC-enabled phones and
contactless smartcards and rising interest in subscriber identity
modules (SIM) is anticipated to fuel the growth of the global
NFC-enabled phones and contactless smartcards market over the next
few years. In contrast, security issues and high cost involved in
setting up EPOS terminals threaten to restrict the growth of the
worldwide market.
Innovations
in smart chip technology and high penetration of smartphones have
made North America and Europe the leading markets for NFC-enabled
phones and contactless smartcards. Nevertheless, rising adoption of
cashless payment options, supported by dense population, indicates
that Asia Pacific will develop a strong hold over the global market
in the coming years.
Companies
Mentioned in the Report
The
leading participants of the NFC-enabled phones market are Mobiwire,
Panasonic, Acer, Lenovo, HTC, LG, OiiA Technology, C-mii, Nokia,
Shanghai Simcom, Sharp, Huawei, Sony, Casio, Orange, ZTE, Xolo, Hedy,
Fujitsu, Samsung, Pantech, Motorola, Kuoziro, TazTag, Sonim, and
BlackBerry.
Some
of the prominent names in the contactless smartcards market are
Fujitsu Microelectronics Limited, Advanced Card Systems Ltd., Gemalto
N.V., Austria Card GmbH, CPI Card Group, FNMT-RCM, ASK, CardLogix
Corporation, General Information Systems, ActivIdentity Corporation,
and American Microdevice Manufacturing, Inc.
These
companies are profiled in the research repot based on company and
financial overview, product portfolio, recent developments, and
business strategies.
NFC-enabled
Phones and Contactless Smartcards Market, Segmentation by End-use
Application
Consumer electronics
Healthcare
Information collection and exchange
Access control
Loyalty and coupons
Payments
Transport
Major
geographies analyzed under this research report are:
Europe
North America
Asia-Pacific
Rest of the World
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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