Global Sim Cards Near Field Communications Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Sim Cards Near Field Communications Market

Sim cards near field communications market is expected to reach USD 4,621.48 million by 2028 witnessing market growth at a rate of 3.45% in the forecast period of 2021 to 2028. Data Bridge Market Research report on sim cards near field communications market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Near Field Communication (NFC) is a technology for wireless communication and is a technique for short-range communication that facilitates information sharing by devices. As a powerful alternative to other short-range networking technologies such as Bluetooth and WiFi, NFC has arisen. In NFC technology, by touching them simultaneously or bringing them into proximity, radio contact is formed between devices.

The growing adoption of smart appliances, increasing trends of mobile commerce, rising production of NFC enabled mobile devices, enhanced user experience and trust in contactless technologies, reduction in the chip price are some of the major as well as important factors which will likely to accelerate the growth of the sim cards near field communications market in the projected timeframe of 2021-2028. On the other hand, increasing need for connectivity between different devices, integration of ICS supporting NFC, Bluetooth, and Wi-Fi along with adoption of online and in-store payment which will further contribute by generating immense opportunities that will lead to the growth of the sim cards near field communications market in the above mentioned projected timeframe. 

Proprietary standards along with short range communication which will likely to act as market restraints factor for the growth of the sim cards near field communications in the above mentioned forecasted period. Lack of consumer awareness along with rising need for intermediaries gateway for mobile payment which will become the biggest and foremost challenge for the growth of the market.

This sim cards near field communications market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on sim cards near field communications market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Sim Cards Near Field Communications Market Scope and Market Size

Sim cards near field communications market is segmented on the basis of device, device operating mode, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• Sim cards near field communications market on the basis of device has been segmented as PC and laptop, smartphone and tablet, and other devices. Other devices have been further segmented into infotainment and stereo headphone. 
• Based on device operating mode, the sim cards near field communications market has been segmented into peer-to-peer, reader emulation, and card emulation.
• On the basis of application, the sim cards near field communications market has been segmented into service, ticketing, payment, healthcare, games and toys, data sharing, booking, authentication and access control, and other applications.   
• Sim cards near field communications has also been segmented on the basis of end user into banking and finance, retail, automotive, transportation, medical and healthcare, residential and commercial, consumer electronics, and other end users. Banking and finance has been further segmented into multiforex cards, and E-money services (POS machines). Retail has been further segmented into transaction, product identification, and access control. Transportation has been further segmented into access control, and ticketing. Medical and healthcare has been further segmented as medical devices. Residential and commercial has been further segmented into automated locking system, physical access, time and attendance. Consumer electronics have been further segmented into cameras, laptops/ personal computers, mobile phones/tablets, wearable devices, and other consumer electronics.

Sim Cards Near Field Communications Market Country Level Analysis

Sim cards near field communications market is analysed and market size, volume information is provided by country, device, device operating mode, application, and end user as referenced above.

The countries covered in the sim cards near field communications market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific will dominate the sim cards near field communications market due to the increasing penetration of smartphones and tablets along with rising adoption of NFC technology in the region while Europe region will expect to grow in the forecast period of 2021-2028 due to the rising implementation of POS terminals along with adoption of NFC technology in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Sim Cards Near Field Communications Market Share Analysis

Sim cards near field communications market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sim cards near field communications market.

The major players covered in the sim cards near field communications market report are NXP Semiconductors.; Broadcom.; STMicroelectronics; MediaTek Inc.; Renesas Electronics Corporation.; Huawei Technologies Co., Ltd.; SAMSUNG; Texas Instruments Incorporated.; Identiv, Inc.; Infineon Technologies AG; On Track Innovations LTD.; Qualcomm Technologies, Inc.; SONY ELECTRONICS INC. (SEL); OMRON HEALTHCARE, INC; A&D Company,Limited; KIOXIA Corporation.; Flomio, Inc.; Apple Inc.; Square, Inc.; Smartrac Technology GmbH; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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