A new market research study by Transparency Market Research provides a detailed analysis of the overall NFC-enabled phones and contactless smartcards market. The research report, titled “NFC-Enabled Phones and Contactless Smart Cards, 2010 – 2020”, analyzes the global market on key parameters and describes a market overview, product segmentation, market drivers, restraints, challenges and opportunities, major regional segments, and the competitive landscape of the global market. The research report also includes historical data and forecast figures with the help of infographics, tables, and charts.
NFC-enabled phones and contactless smartcards offer a reduced queue time, enhanced service delivery, improved integration with present cards, growing revenue opportunity, enhanced customer insight, and increased convenience for making low-value payments. As a result, the global NFC-enabled phones and contactless smartcards market is expected to grow rapidly in the next few years. In addition, the multi-application feature that is provided by NFC-enabled phones and contactless smartcards and increasing interest in subscriber identity modules are some of the factors that are expected to augment the market for contactless smartcards and NFC-enabled phones over the forecast period globally. On the other hand, the high cost associated with setting up EPOS terminals and security issues are the factors expected to curb the growth of this market in the next few years.
On the basis of end use, the global market for contactless smartcards and NFC-enabled phones has been classified into loyalty and coupons, transport, access control, payments, healthcare, consumer electronics, and collection and exchange of information. The report study has segmented the global market for NFC-enabled phones and contactless smartcards on the basis of geography into Asia Pacific, Europe, North America, and Rest of the World. Among these regions, North America and Europe lead the market owing to the high penetration of smartphones and constant innovations and enhancements in smart chip technology. On the other hand, the increasing adoption of cashless options for making payments, coupled with the region’s growing population, is the major factor driving the Asia Pacific NFC-enabled phones and contactless smartcards market.
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Furthermore, the research study covers the competitive landscape of the global NFC-enabled phones and contactless smartcards market and details company overview, financial overview, business strategies, and recent developments. The prominent players in the global NFC-enabled phones market are TazTag, Hedy, Xolo, OiiA Technology, ZTE, Sony, Shanghai Simcom, Samsung, Fujitsu, Casio, HTC, Acer, Sharp, Lenovo, LG, Huawei, Motorola, Kuoziro, Orange, BlackBerry, Nokia, and Panasonic. The prominent players operating in the global contactless smartcards market are Gemalto N.V., Fujitsu Microelectronics Limited, American Microdevice Manufacturing, Inc. ASK, CardLogix Corporation, CPI Card Group, General Information Systems, Austria Card GmbH, Advanced Card Systems Ltd., and ActivIdentity Corporation.