Today: May 25, 2016, 3:05 pm

Global NFC handsets market: 58.5% CAGR growth forecast between 2012-64
Global NFC Handsets Market 2012-2016 - a new market research report on 2014-03-31 00:19:04
The Global NFC Handset market is to grow at a CAGR of 58.5 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of smartphones. The Global NFC Handset market has also been witnessing the emergence of NFC-enabled handsets for transport ticketing. However, the slow adoption of payment solutions on NFC handsets could pose a challenge to the growth of this market.

NFC-enabled handsets are increasingly being used for transport ticketing across the globe, ensuring ease of use and convenience to consumers. This not only eliminates the need for commuters to queue for tickets but also helps ease the transaction process. Moreover, it provides swift and seamless mobility from one transport network to another. In addition, NFC handsets can support multiple ticketing standards, creating a seamless experience for passengers by providing flexible and interoperable ticket systems. Since transport operators deliver NFC-enabled tickets to mobile handsets over-the-air, it ultimately reduces their ticket sales and distribution costs as the technology can reach a large number of customers. Therefore, the emergence of NFC-enabled handsets for transport ticketing is expected to drive the Global NFC Handset market during the forecast period.

One of the main drivers in the market is the increasing adoption of smartphones by consumers. The higher adoption of smartphones has encouraged vendors to integrate NFC technology in their mobile handsets. Smartphones are a major platform for NFC technology as it can be integrated with NFC chips and tags. For instance, end-users can read information embedded in various NFC smart posters in movie theaters using their NFC-enabled smartphones.

One of the major challenges in the market is the slow adoption of payment solutions in NFC handsets. This slow adoption is primarily because of the popularity of other contactless technologies including contactless payment solutions such as credit cards, debit cards, and smartcards. For the NFC payment ecosystem to function properly, high interoperability is required among value chain members such as mobile manufacturers, telecom service providers, and banks.

The key vendors dominating this market space are Nokia Corp., HTC Corp., Research in Motion Ltd., and Samsung Electronics Co. Ltd. Other vendors are Acer Inc., L.G. Corp., Google Inc., and Sony Corp.

Click for report details: ..

Browse all Telecommunications Market Research Reports ..

Browse all Telecommunications Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 568 Words
Related Articles
More From Finance
New Frontier Portfolios Top Morningstar Rankings
Boston, April 14, 2016—New Frontier’s global strategic portfolios topped the Global Balanced Strategic category of the latest [..]
Finding an Excellent Tax Lawyer with the [..]
Sound Advice about Finding an Excellent Attorney When an individual requires legal representation, whether for an IRS tax debt [..]
First Gothenburg Bancshares to acquire Nebanco, Inc.
Denver, CO: March 24, 2016 – First Gothenburg Bancshares, Inc., the holding company for First State Bank, Gothenburg, Nebraska [..]
With Bad Credit It Is Still Possible [..]
What to Expect When Seeking a Bad Credit Home Loan Refinance Okay, so not everyone has great – or even [..]
Credit-Yogi Professionals Describe How to Get Out [..]
Who doesn’t want to save money while getting rid of debt? Most folks would jump at the chance to do [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.