Global Near Field Communication Tag (NFC Tag) Market Size, Statistics and Facts, By Type, Deployment Model, Growth Analysis, Global Demand, Organization Size and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027, the global market was valued at USD 24.16 billion in 2019-20, and is expected to reach USD xx.xx billion by 2027, registering a CAGR of 36.56% from 2020 to 2027. The base year considered for conducting the study is 2019-20, and the forecast has been provided for the period from 2020 to 2027. The global near field communication tag (NFC tag) market size witness significant growth and is expected to grow considerably in the next few years. NFC tag consists of microchips that can be read by a wide range of mobile devices. The microchips of NFC tags store information. It is available in form of stickers, labels, inlays, wristbands, and drinks mats. NFC tag enables sharing of data stored to other mobile phones possessing NFC capabilities. It also executes a variety of actions such as launching a website or changing handset settings. It is compatible with both iPhone and android NFC-enabled smartphones. NFC tags offer anti-counterfeit benefits, customer support benefits, and user contact benefits, thereby authenticating products. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Main players covered by the study on the global Near Field Communication Tag (NFC Tag) market are: Mstar Semiconductor Inc., MediaTek Inc., Broadcom Inc., Qualcomm Inc., Nokia Corporation, Identive, Sony Corp., and Others.

Summarization of Report

Foremost industry experts and key analysts present in several regions have validated the information and data provided in the Near Field Communication Tag (NFC Tag) market report. This report is inclusive of a comprehensive analysis of revenues, forecasted data, and key developments. The report gives an insightful analysis of predicted data and major market developments.

The market report provides information on the critical tactics relied on by businesses to gain a thorough knowledge of the Near Field Communication Tag (NFC Tag) market. The potential of this industry has been evaluated with a market analysis on investment climate, capital funding, and market-related drivers and constraints. Further, an in-depth analysis on various regions’ growth prospects and business conditions has been conducted to help clients find out the markets that will provide lucrative growth opportunities.

This market report also identifies the future growth areas, market lead, growth prospects, challenges, and entry restrictions, accompanied by an in-depth market summary. Bar graphs, pie charts, product estimates, brief pointers, and market data analysis have been included to give customers an easy understanding about various key aspects of the Near Field Communication Tag (NFC Tag) market.

The report also includes raw materials and client survey, along with an analysis of marketing channels, equipment suppliers’ relevant data, and business figures of unfinished goods and material suppliers and clients, for a proper value chain analysis.   

Growth Mapping

The aim of the report is to offer a growth map of the Near Field Communication Tag (NFC Tag) market, which is essential for businesses to plan relevant strategies to achieve their business aims and goals. A number of qualitative and quantitative tools are being used in growth mapping. For instance, SWOT analysis has been conducted to determine strength, weaknesses, opportunities, and threats, while the PESTEL analysis is done to determine the macroeconomic factors like political, economic, social, technological and legal factors, which are affecting the business climate in the ICT industry. PORTER’S five forces model, on the other hand, will help evaluate the threat of substitution, threat of new market entrants, and the bargaining power of buyers and suppliers.

Regional Analysis:

The driving factors for the Near Field Communication Tag (NFC Tag) market include technological advancements amid rapid expansion in the ICT industry. The regional analysis includes an analysis of more than 20 countries in different regions. It is comprised of both country and regional-level analysis of the market.

The major regions covered in the report are North America, Europe, Asia pacific (APAC), and Middle East & Africa. The Near Field Communication Tag (NFC Tag) market is analyzed thoroughly in these regions with market opportunities, trends, and market restraints.

Region-wise, North America is a dominant market for the ICT industry, as the region has the presence of major and acclaimed players in the ICT domain. Furthermore, governments and private players in North America are backing sales of IT products with strong focus and support in the right direction.

In addition, North America is the prominent region for technological advancements and industrial mechanization, which are projected to generate impressive growth opportunities in the region for the ICT industry. In fact, North America is at the center for the global Near Field Communication Tag (NFC Tag) market with a multitude of companies trying to get a foothold in this regional market.

Asia pacific has been displaying significant growth in the Near Field Communication Tag (NFC Tag) market, with rapidly rising population and massive urbanization projects of big undertakings. Mobile internet and cloud computing have made a deep inroads into China, India and Japan, which will act as a growth driver for the Asia Pacific market.

Though Middle East and Africa are lagging behind in the ICT domain, Latin America, with a number of SMEs, will experience healthy industrial growth. The European Near Field Communication Tag (NFC Tag) market will, however, display lethargic growth for being a saturated market with stable industries.

Competitive Landscape

The report provides the profiles of key market players, their revenues, growth strategies, R&D expenditures, and product portfolios, to give a deeper insights into the competitive landscape prevailing in the ICT industry. Latest market trends and SWOT analysis are also included to give an idea about the strengths and weaknesses of the major players. The report covers the following key players operating in the Near Field Communication Tag (NFC Tag) market are.. Mstar Semiconductor Inc., MediaTek Inc., Broadcom Inc., Qualcomm Inc., Nokia Corporation, Identive, Sony Corp., and Others.

Methodology

The report analysis is based on both primary and secondary data sources. Primary sources, such as interviews with various industry analysts, suppliers and distributors, are used to gather key market data, along with secondary sources such as government websites and annual report of the companies and other relevant documents. The Near Field Communication Tag (NFC Tag) market report has been prepared by using the top-down approach to evaluate figures for each market segment. These figures are then counter-validated with the bottom-up approach to provide accurate market data.

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The Report Answers Questions Such As:

1. What is the global Near Field Communication Tag (NFC Tag) market's competitive position?

2. What is the size of the Near Field Communication Tag (NFC Tag) market globally?

3. What are the key factors driving the growth in the global Near Field Communication Tag (NFC Tag) market during the forecast period?

4. What are the opportunities in the global Near Field Communication Tag (NFC Tag) market?

5. Which are the main product fields to be invested in over the projected period in the global Near Field Communication Tag (NFC Tag) market?