Near Field Communication Market SWOT Analysis, Business Growth Opportunities by

1. Market Research Report EXCLUSIVE EDITION Global Near Field Communication Market Research Report Global Industry Analysis, Forecast and Trends, 2021-2027 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Near Field Communication Market Report Global Near Field Communication Market Report © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Near Field Communication Market by Product Type (NFC ICS, SIM Cards, NFC Tags, NFC Readers), by Operating Mode (Peer-to-peer Mode, Read/Write Mode, and Card Emulation Mode), by End-Users (Transportation, Automotive), by Region – Global Forecast to 2027 Description Description The global near global near- - field communication market field communication market was valued at USD 17,875 46,781 46,781. . 0 million by 2027 0 million by 2027 , registering a CAGR of 14 . 8 % from 2021 to 2027 . Near field communication ( NFC ) is an array of protocols based on a wireless interface that enables communication devices and electronic gadgets to establish radio communication under proximity . Near - field communication technology is mainly used in smartphones, laptops, and tablets for a short range of data exchange. This technology is used for marketing and payments applications; however, many other applications like medical devices and ticketing adopt NFC . In addition, NFC - enabled mobile phones are used for various applications such as chip - enabled mobile marketing, ticketing, identity access, and gaming . USD 17,875. . 0 million in 2020 0 million in 2020 and is projected to reach USD USD The global near - field communication ( NFC ) market is expected to display significant growth during the forecast period . This is attributed to various factors such as the growing need for convenient transfer security of data and the rise in the proliferation . of smartphones . In addition, demand for improved customer experience and the rise in demand for contactless payments due to the COVID - 19 pandemic significantly fueled the market's growth . However, short operational range and security concerns may hamper the market's growth during the forecast period . On the other hand, factors such as an upsurge in the adoption of NFC- enabled wearable technology and technological advancements in NFC create lucrative growth opportunities for the market . Get a Sample PDF copy of the Report: Get a Sample PDF copy of the Report: - - https://www.marketstatsville.com/request https://www.marketstatsville.com/request- -sample/near sample/near- -field field- -communication communication- -market market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. COVID COVID - - 19 Impact on the Global Near Field Communication 19 Impact on the Global Near Field Communication Market Market The pandemic has caused a recessionary economy that has forced various enterprises globally to shift their operations rapidly . The industries around the globe are being severely affected by the COVID - 19 induced recession; though, the impact on the technology sector during the crisis was comparatively lesser than the rest of the economy . The lockdowns have encouraged a proliferation of new - age contactless technologies such as near - field communication . Moreover, the coronavirus outbreak severely impacts the global economy, changing all industries . While travel demand has decreased dramatically, businesses including financial services, manufacturing, and retail are under immense pressure to serve their customers in effective ways . Enterprises with hundreds or thousands of employees forced the governments to work from home . In addition, the COVID - 19 pandemic has pushed consumers and merchants to rethink shopping and payment methods . Although COVID - 19 does not have a major negative impact on the market's growth, the outbreak of COVID - 19 will surely provide numerous opportunities for market growth during the forecast period . These opportunities include a rise in demand for contactless payment solutions, NFC technology in smart packaging for healthcare, and an upsurge in penetration of NFC into the sectors such as IoT, retail, government, medical, and security industries . © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Global Near Field Communication Market Global Near Field Communication Market Dynamics Dynamics Drivers Drivers: : Growth in need for convenient transfer and security of Growth in need for convenient transfer and security of data data NFC offers better collaboration in corporate environments by ensuring speedy and secured sharing of documents, files, and confidential data . Since establishing a connection through NFC is approximately 100 milliseconds, it is much better and faster than other competing technologies such as Bluetooth, which take a few seconds to establish the same . In the case of payments, the consumers' card details are stored on the mobile phone in a secure element, which takes the form of a Subscriber Identity Module, secured chips, or a secure digital card . The presence of hardware encryption that can only be used near the point of sale makes it one of the most secure payments . Along with the security of consumer data, the card and reader need to be in proximity to one another, which makes the process easier than swiping or choosing the options from a menu or entering a password . Thus, consumers are increasingly adopting this technology owing to varied applications . This creates the demand for NFC - enabled devices . Restrictions Restrictions: : Short operational range and security Short operational range and security concerns concerns Near field communication ( NFC ) can work for limited distances around 10-20 cm . Its shorter operational range makes it prone to unintentional or intentional signal interferences . Also, the disruptions can result in failed communications between two NFC devices . This is expected to hamper the growth of the global near - field communication market . © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. In addition, as NFC facilitates the contactless transfer of information, users are potentially exposed to certain security issues eavesdropping, data corruption, data manipulation, and hacking . Although the range of NFC devices is limited to a few centimeters, an attacker can retrieve usable signals up to a distance of 1 – 10 meters, depending upon the mode of signals . Thus, the threat of data theft and hacking restricts the penetration of this market globally . Opportunities Opportunities : : Upsurge in the adoption of NFC Upsurge in the adoption of NFC - - enabled wearable enabled wearable technology technology There is an upsurge in the adoption of NFC - enabled rings, smartwatches, bracelets, fitness trackers, wristbands, and keyfobs across the globe . Wearable payments devices offer different benefits, such as anticipating the customer's need, providing better customer engagements, and improving the retailer 's ability to track the customers' payments, significantly increasing the adoption of NFC - enabled wearable devices . In addition, the rise in the adoption of cloud - enabled rings for small value transactions among end - users across the globe is expected to provide lucrative opportunities for market growth . Furthermore, a surge in the adoption of NFC - enabled wearable technologies for healthcare is expected to facilitate and improve public health services . There is an upsurge in adopting such wearable technologies as it enables tracking patients' health status and help update the treatment process . Hence, the upsurge in adopting such NFC - enabled wearable technologies creates lucrative growth opportunities for the market . Buy an exclusive copy: Buy an exclusive copy: - - https://www.marketstatsville.com/buy https://www.marketstatsville.com/buy- -now/near now/near- -field field- -communication communication- -market market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. Scope of the Scope of the Report Report The study categorizes the near - field communication market based on product type, operating mode, and end - users at the regional and global levels . By Product Type By Product Type( ( Thousand Units, Revenue, 2017 Thousand Units, Revenue, 2017- - 2027, USD Million 2027, USD Million) ) NFC Tags NFC ICS SIM Cards NFC Readers Others By Operating Mode Outlook By Operating Mode Outlook ( ( Thousand Units, Revenue, 2017 Thousand Units, Revenue, 2017- - 2027, USD Million 2027, USD Million) ) Read / Write Mode Peer - to - peer Mode Card Emulation Mode By End By End- - Users Users Outlook Outlook ( ( Thousand Units, Revenue, 2017 Thousand Units, Revenue, 2017- - 2027, USD Million 2027, USD Million) ) © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. Retail Transportation Automotive Residential Commercial Medical Healthcare consumer electronics Bank Finance hospitality Others By Region Outlook By Region Outlook ( ( Thousand Units, Revenue, 2017 Thousand Units, Revenue, 2017- - 2027, USD Million 2027, USD Million) ) North America ( US, Canada, Mexico ) South America ( Brazil, Argentina, Colombia, Peru, Rest of Latin America ) Europe ( Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe ) Asia Pacific ( China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia New Zealand, Rest of Asia Pacific ) The Middle East Africa ( Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA ) © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

11. The NFC Readers, by product type, is projected to account for the largest market The NFC Readers, by product type, is projected to account for the largest market share share On the basis of product type, the near - field communication market is divided into NFC tags, NFC ICs, SIM cards, NFC readers, and others . In 2020, NFC Readers had the largest market and accounted for the 36 . 3 % market share . NFC readers are essential active components in NFC transactions . They read write cards and tags, enable communication from device to device, and interact with NFC phones . In addition, an NFC reader is best for secure access control e - payment, e - ticketing for events mass transit, toll road fare collection, network authentication, and e - transactions. The rise in the adoption of NFC readers to create better experiences in the businesses primarily drives the growth of this segment . NFC readers enable businesses to streamline payment options to increase efficiency and productivity . For instance, by making payments easier, companies can focus on other core responsibilities which will contribute to their success and growth, such as employee training or marketing . In addition, with the growing technological advancements, manufacturers have integrated different unique features in an NFC reader . These advanced features include a secured access module, upgradeable firmware, and support for all NFC tags and devices . Request for Report TOC, Table of Figure, Chart, Request for Report TOC, Table of Figure, Chart, etc communication communication- -market market etc: :- - https://www.marketstatsville.com/table https://www.marketstatsville.com/table- -of of- -content/near content/near- -field field- - © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

12. Asia Pacific Asia Pacificaccounts for the highest accounts for the highestCAGR during the forecast period CAGR during the forecast period Region - wise, the global near field communication market is analyzed across North America, Asia - Pacific, Europe, South America, and the Middle East Africa . Asia Pacific is projected to hold the highest CAGR of 16 . 5 % in the global near - field communication market during the forecast period . Asia - Pacific is expected to observe the highest growth rate during the forecast period due to increased adoption and awareness of NFC technology in the transportation and retail industries . In addition, the high penetration of smartphones in the countries such as India and China drives the growth of the near -field communication market in the region . Moreover, an upsurge in demand for mobile payment and wireless applications of NFC are significantly fueling the market growth in the region . Furthermore, government initiatives to promote the NFC in the banking sector across the region drive the market's growth . For instance, in July 2018, The Finance Ministry of India asked the banks in the country to start issuing near field communication ( NFC )- enabled credit and debit cards to their customers . Key Market Key Market Players Players Every company follows its business strategy to attain the maximum market share . Identive, Infineon Technologies, MagTek, NXP Semiconductors, Broadcom Inc. , Qualcomm Technologies, Inc. , Sony Corporation, Texas Instruments Incorporated, Samsung Electronics, and Thales Group are leading players operating in the global near field communication market . Top winning strategies are analyzed by thoroughly studying the leading players in the near - field communication market . © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

13. Recent Recent Developments Developments In June 2020, The Thales Corporation launched next - generation single - chip solutions for Samsung smartphones ( Galaxy S20 series ). The single - chip combines the integrated safe feature ( eSE ) and an integrated SIM ( eSIM ) – allowing high - quality contactless services and a completely digital mobile networking experience for highly portable smartphones, smart clocks, and tablet applications . Safe payments, transit checking, and Digital ID may all be supported by certified applications . In June 2019, v Identiv, Inc . , in collaboration with NXP® Semiconductors N . V . , announced a new inlay for ultra - low - cost radio frequency identification ( RFID ). The Inlay is suitable for NFC use, including the Internet of Things ( IoT ) and applications for customer involvement . In December 2019, NXP Semiconductor acquired Marvell ' s Wi - Fi and Bluetooth Connectivity Assets . Due to this acquisition, NXP drives innovation on the mobile and communication infrastructure markets for automotive, industrial IoT . Key Issues Key Issues Addressed Addressed What is the market size by various segmentation of the near field communication by region and its respective countries? What are the customer buying behavior, key takeaways, and Porter's five forces of the near - field communication market? What are the key opportunities and trends for manufacturers in the near field communication supply chain? What are the market's fundamental dynamics ( drive) Request For Report Analysis: Request For Report Analysis: - - https://www.marketstatsville.com/near https://www.marketstatsville.com/near- -field field- -communication communication- -market market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

14. Research Methodology Market Statsville Group (MSG) research is conducted by industry experts who offer insight into industry structure, market segmentation, product assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of the segments and categories are geographically presented, studied, and estimated based on primary and secondary research. Primary Primary Research Research – – Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers) of the major players who are active in the global software testing market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next six years. Secondary Secondary Research technical, market-oriented, and commercial study of the global software testing market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization, some paid databases, and many others. Research – –Secondary research was mainly used to collect and identify information useful for the extensive, © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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