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Global NFC Transaction Market 2016-2020

Global NFC Transaction Market 2016-2020

About NFC Technology

NFC technology is a short-range (around10 centimeters) connection that adheres to technology standards and uses high-frequency wireless communication technology to exchange data between devices. It has revolutionized the ways in which people access and use information. NFC-enabled devices are used for applications such as mobile payment, ID authentication, transportation, and loyalty programs.

Technavio’s analysts forecast the global NFC transaction market to grow at a CAGR of 55.23% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global NFC transaction market for 2016-2020. To calculate the market size, the report considers the revenue generated from the NFC transaction done through mobile devices and wearables.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global NFC Transaction Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Apple
  • Google
  • MasterCard
  • PayPal
  • Samsung
  • Visa
Other prominent vendors
  • American Express
  • Broadcom
  • Gemalto
  • Infineon Technologies
  • INSIDE Secure
  • MediaTek
  • Nokia
  • NXP Semiconductors
  • Qualcomm
  • Renesas Electronics
Market driver
  • Increased adoption of mobile payment and digital wallet service
  • For a full, detailed list, view our report
Market challenge
  • Interoperability issues across the value chain
  • For a full, detailed list, view our report
Market trend
  • Increased awareness about mobile wallet
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global NFC Transaction Market 2016-2020

Technavio recognizes the following companies as the key players in the global NFC transaction market: Apple, Google, MasterCard, PayPal, Samsung, and Visa.

Other Prominent Vendors in the market are: American Express, Broadcom, Gemalto, Infineon Technologies, INSIDE Secure, MediaTek, Nokia, NXP Semiconductors, Qualcomm, and Renesas Electronics.

Commenting on the report, an analyst from Technavio’s team said: “The emergence of host card emulation (HCE) is one of the latest trends leading to market growth. HCE is an on-device technology that enables mobile or a wearable device to perform card emulation on an NFC-enabled device without relying on access to a secure element (SE). The introduction of NFC platforms based on HCE has potentially high implications for NFC stakeholders, provided it would reshape both; the value chain and the attendant business models. Also, the additional security provided by the inbuilt security feature of smartphones such as fingerprint reader, and iris scanner act as an additional layer of security for HCE.”

According to the report, extensive use of mobile devices for payments will be a key driver for market growth. Mobile payments have become popular with the increased adoption of mobile devices and wearables. Vendors are deploying NFC POS terminals as they are flexible and facilitate hassle-free mobile payments. The NFC POS terminals also increase the value proposition and effectiveness of their marketing efforts. Thus, the growing implementation of NFC POS terminals at retail outlets is expected to boost the growth the market during the forecast period.

Further, the report states that despite NFC being more secure than any other form of payment technology, including magnetic strip cards and debit cards, the adoption of NFC payment among consumers using smartphones continues to be slow. This is because of the popularity of alternative contactless payment solutions, which pose a challenge for NFC payment vendors. Market vendors need to ensure that payments through mobile wallets and NFC terminals must offer value-added services such as promotional discounts, coupons, and loyalty schemes to attract and benefit the end-users.

Companies Mentioned

Apple, Google, MasterCard, PayPal, Samsung, Visa, American Express, Broadcom, Gemalto, Infineon Technologies, INSIDE Secure, MediaTek, Nokia, NXP Semiconductors, Qualcomm, Renesas Electronics.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • End-user segment
    • Base year
    • Vendor segmentation
    • Summation errors
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of global NFC transaction market
    • Product life cycle
      • Table Product life cycle of NFC transaction
    • Global mobile transaction market
      • Table Global mobile transaction market 2015-2020 ($ billions)
      • Table Type of mobile payment technology 2015
      • Table Share of NFC transaction in global mobile payment market 2015-2020
    • Global NFC transaction market
      • Table Global NFC transaction market 2015-2020 ($ billions)
      • Table Number of NFC transaction users in 2015-2020 (millions)
      • Table Number of NFC transactions 2015-2020 (billions of transactions)
    • Five forces analysis
      • Table Five forces analysis
  • Influence of other markets on NFC transaction
    • Influence of other NFC markets on NFC transactions
      • Table Influence of other NFC markets on NFC transactions
      • Table Global NFC handset market 2015-2020 (millions of unit)
      • Table Value chain of NFC devices
      • Table Global NFC POS terminal market 2015-2020 (millions of unit)
      • Table NFC POS terminal ecosystem
      • Table NFC ecosystem
    • External factors affecting NFC transaction
      • Table External factors affecting NFC transaction
    • Workflow of NFC transaction
      • Table Workflow of NFC transaction
    • NFC transaction: Value chain
      • Table Value chain of NFC transaction
  • Market segmentation by platform
    • Global NFC transaction market by platform
      • Table Global NFC transaction market by platform 2015
      • Table Global NFC transaction market by platform 2015-2020
      • Table Revenue comparison of global NFC transaction market by platform 2015-2020 ($ billions)
      • Table CAGR comparison of global consumer book publishing market by type 2015-2020 (revenue)
    • Global NFC transaction market by mobile device
      • Table Global NFC transaction market by mobile device 2015-2020 ($ billions)
    • Global NFC transaction market by wearable device
      • Table Global NFC transaction market by wearable device 2015-2020 ($ billions)
  • Buying criteria
    • Table Buying criteria
  • Geographical segmentation
    • Global NFC transaction market by geography
      • Table Global NFC transaction market by geography 2015
      • Table Global NFC transaction market by geography 2015-2020
      • Table Revenue comparison of global NFC transaction market by geography 2015-2020 ($ billions)
      • Table CAGR comparison of global NFC transactions market by type 2015-2020 (revenue)
    • NFC transaction market in Americas
      • Table NFC transaction market in Americas 2015-2020 ($ billions)
    • NFC transaction market in EMEA
      • Table NFC transaction market in EMEA 2015-2020 ($ billions)
    • NFC transaction market in APAC
      • Table NFC transaction market in APAC 2015-2020 ($ billions)
  • Key leading countries
    • Table Key leading countries in global NFC transaction market 2015
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Key leading vendors
    • Key highlights
      • Table Key highlights of the leading company 2015
    • Other prominent vendors
      • Table Other prominent vendors 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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