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Rapid Adoption of Mobile Wallets in APAC and Africa Boosting the Global NFC Transaction Market: TechNavioAccording to a new report from research firm TechNavio, the Global NFC Transaction Market is expected to post a staggering CAGR of 47.47 percent from 2015-2019, thanks to growth of the NFC ecosystem across market segments like device manufacturing, telecom, finance and IT. The NFC mobile payment market is largely driven by its rapid adoption and soaring popularity in the APAC region and African countries. In many APAC countries like China, Japan, and South Korea, manufacturers, network operators, and governments are aggressively advertising the benefits of NFC technology. About the Report The ease of use, security and versatility of NFC have attracted many users to this technology. It enables easy payments, and also allows users to share information, play games, transfer data, and access social networking sites. It can be easily integrated with public transit payment systems, retailers' POS, and healthcare systems. "Growing consumer preference towards NFC-enabled smartphones is providing significant traction to the NFC transaction market over the forecast period," says Faisal Ghaus, Vice President of TechNavio. "The increased number of mobile internet users is another major driver contributing to such rapid market growth." The latest report from TechNavio also highlights key growth drivers, market challenges and trends expected to impact the market over the projected period. Key Informtion Covered in the Report:
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the NFC market: If you are interested in more information, please contact our media team at [email protected].
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