Near Field Communication Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company's Near Field Communication Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

LONDON, GREATER LONDON, UK, July 29, 2024 /EINPresswire.com/ -- The global near field communication (NFC) market is projected to grow from $26.78 billion in 2023 to $30.47 billion in 2024, at a CAGR of 13.8%. The market is anticipated to continue its rapid growth, reaching $51.24 billion by 2028 at a CAGR of 13.9%. This growth is driven by the increasing adoption of the Internet of Things (IoT), which enhances device setup and data exchange capabilities.

IoT Adoption Drives Market Growth
The increasing adoption of IoT is a significant factor propelling the NFC market. IoT enables interconnected devices to communicate and perform tasks autonomously, with NFC facilitating quick and secure device setup and data exchange. According to Ericsson, global IoT connections reached 13.2 billion in 2022 and are expected to grow to 34.7 billion by 2028, highlighting the crucial role of NFC in this ecosystem.

Explore comprehensive insights into the global near field communication market with a detailed sample report:
https://www.thebusinessresearchcompany.com/sample_request?id=13273&type=smp

Major Players and Market Trends
Key players in the NFC market include Google LLC, Samsung Electronics Corporation, Microsoft Corporation, AT&T Inc., Verizon Communications Inc., and Sony Group Corporation. These companies focus on innovative product development to stay competitive. For instance, Infineon Technologies AG introduced the NAC1080 in July 2022, a single-chip solution integrating an H-bridge, energy harvesting module, NFC frontend, sensing unit, and motor driver, aimed at developing smart actuators.

Trends in NFC Technology
Major trends in the NFC market include biometric authentication integration, smart packaging solutions, expansion in smart home applications, and health and wellness tracking. Additionally, the integration of NFC with public services is expected to rise, further driving market growth.

Segments
• Product Type: Non-Auxiliary, Auxiliary
• Operating Mode: Read And Write Mode, Peer-To-Peer Mode, Card Emulation Mode
• End-User: Cloud Service, Telecom Service, Enterprise

Geographical Insights: North America Leading the Market
North America was the largest region in the NFC market in 2023. Asia-Pacific is expected to be the fastest-growing region during the forecast period, driven by advancements in technology and increasing adoption of NFC solutions across various sectors.

Explore the report store to make a direct purchase of the report
https://www.thebusinessresearchcompany.com/report/near-field-communication-global-market-report

Near Field Communication Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Near Field Communication Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on near field communication market size, near field communication market drivers and trends, near field communication market major players, competitors' revenues, market positioning, and market growth across geographies. The near field communication market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Customer Communications Management Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/customer-communications-management-global-market-report

Utility Communication Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/utility-communication-global-market-report

Unified Communication And Business Headsets Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/unified-communication-and-business-headsets-global-market-report

About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
X
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.