Near Field Communication Market Research Report, 2015 to 2020

The Near Field Communication (NFC) market is estimated to observe rapid increase across several application verticals over the forecasted period. The Near Field Communication (NFC) is a short-range wireless technology that allows to communicate between two or more devices on contact or when they are temporarily held together. Increasing smart phone demand and growing technological advancements are anticipated to drive the market over the next five years. Increasing availability and cost effectiveness of NFC-enabled mobiles is projected to positively impact market growth. Need for secured and rapid financial transactions with flexibility and ease of use is also estimated to drive NFC market growth.