NFC payment is method for transferring funds using the near-field-communication (NFC) technology. The near-field-communication (NFC) requires distance of 4 cm or less in order to transfer the information from one source to another. NFC payment are majorly happening through smartcards and smartphones. Smartphones powered by NFC technologies required NFC enabled payment application in order make payment using NFC.
MARKET DYNAMICS
Owing to increasing in inclination towards paperless payment across the globe due to user convenience, the NFC payment is experiencing a growth. However, security concerns related to NFC payment is hampering the growth of the NFC payment market. Meanwhile, the increasing deployment of NFC enabled smartphones is projected to flourish the NFC payment market in forth coming future.
MARKET SCOPE
The "NFC Payment Market Analysis to 2028" is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of NFC payment market with detailed market segmentation by type, deployment, industry vertical, and geography. The global NFC payment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading NFC payment market players and offers key trends and opportunities in the NFC payment market.
MARKET SEGMENTATION
The global NFC payment market is segmented on the basis of component, payment mode, and industry vertical. On the basis of component, the market is segmented as solution and service. On the basis of payment mode, the market is segmented as smartphones, smartcards, and others. On the basis of industry vertical, the market is segmented as retail, healthcare, hospitality, energy & utilities, transportation & logistics, BFSI, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global NFC payment market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The NFC payment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting NFC payment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the NFC payment market in these regions.
MARKET PLAYERS
The reports cover key developments in the NFC payment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from NFC payment market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft brakes market. Below mentioned is the list of few companies engaged in the aircraft brakes market.
The report also includes the profiles of key NFC payment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Apple Inc.
- Garmin Ltd
- Mastercard
- NortonLifeLock Inc.
- Paypal
- Paytm
- Samsung Electronics
- Square Capital, LLC.
- Visa
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.