NFC Transaction Market: 3-Key Growth Scenarios

NFC Transaction Market Latest Edition Published with Forecast to 2027


According to the report, The Rapid Surge in Contactless Transactions is one of the primary growth factors for the market. The Growing Proliferation of Smartphones across the Globe is also expected to contribute significantly to the NFC Transaction market. Overall, Commercial applications of NFC Transaction, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global NFC Transaction market identified that the demand is rising in many different parts of the world as "Growing Need for Connectivity between Different Devices". Furthermore, some recent industry insights like "On 10 Oct 2018, MagTek, has announced the launch of DynaWave, MagTek's latest OEM channel payment peripheral. With the increasing contactless as well as NFC payment environment in mind, the company accepts a wide array of payment solutions including, Apple Pay, EMV Contactless, D-PAS, PayPass, payWave, ExpressPay, Google Pay, and Samsung Pay." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global NFC Transaction market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the NFC Transaction market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales