Finance Industry Today
NFC Payment Devices Market Expected to Reach $67.71 Billion by 2028 | Apple, Fitbit, Garmin Ltd.
As per the report published by Allied Market Research, the globalย NFC payment devices marketย generated $16.35 billion in 2020, and is expected to reach $67.71 billion by 2028, growing at a CAGR of 19.5% from 2021 to 2028.
Increase in penetration of contactless payment systems at retail stores, petrol pumps, and stations and rise in shift from traditional payment systems to digital systems across developing regions coupled with increase in trend of mobile commerce have boosted the growth of the global NFC payment devices market. However, high risk of stolen or lost wearables and battery drain issues hinder the market growth. On the contrary, increase in demand for mobile and wearable payment devices is expected to open new opportunities for the market players in the coming years.
โก๏ธ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐ :ย https://www.alliedmarketresearch.com/request-sample/11682
Covid-19 scenario:
Implementation of lockdown by several governments boosted the use of digital payment services.
Moreover, increase in adoption of contactless payments and penetration of mobile payment services by financial institutes are expected to continue to increase post pandemic.
The global NFC payment devices market on the basis of device type, application, and region.
Based on device type, the smartwatch segment held the largest share in 2020, accounting for more than two-fifths of the market. However, the smart rings segment is expected to register the highest CAGR of 21.5% from 2021 to 2028.
โก๏ธ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ ๐จ๐๐๐๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐ฉ๐๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ :ย https://www.alliedmarketresearch.com/request-for-customization/11682?reqfor=covid
On the basis of application, the entertainment centers segment is projected to manifest the highest CAGR of 21.6% during the forecast period. However, the grocery stores segment dominated the market in 2020, contributing to nearly one-third of the market.
The global NFC payment devices market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is projected to register the highest CAGR of 21.0% during the forecast period. However, the market across North America held the largest share in 2020, accounting for around one-third of the market.
The global NFC payment devices market includes an in-depth analysis of the prime market players such as Apple, Inc. Fitbit, Inc., Huawei Technologies Co., Ltd., Gramin Ltd, McLear Ltd., Jakcom Technology Co. Inc., Samsung Electronics Co. Ltd., Nymi, Inc., Sony Corporation, and Xiaomi Corporation.
Key Benefits For Stakeholders
The study provides an in-depth analysis of the global NFC payment devices market forecast along with the current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on globalย NFC payment devices market trendsย is provided in the report.
Porterโs five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the NFC payment devices market from 2021 to 2028 is provided to determine the market potential.
โก๏ธ๐๐ฎ๐ฒ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐ซ๐ข๐๐ @ย https://www.alliedmarketresearch.com/checkout-final/d1e2038244d83f53a1954058c2584ab4
โก๏ธ๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Cybersecurity in Banking Marketย https://www.alliedmarketresearch.com/cybersecurity-in-banking-market-A12738
U.S. Insurance Brokerage for Employee Benefits Marketย https://www.alliedmarketresearch.com/us-insurance-brokerage-for-employee-benefits-market-A278701
Refinance Marketย https://www.alliedmarketresearch.com/refinance-market-A221074
Insurance Third Party Administrator Marketย https://www.alliedmarketresearch.com/insurance-third-party-administrator-market-A12542
Prepaid Card Marketย https://www.alliedmarketresearch.com/prepaid-card-market
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Share on Social Media
Other Industry News
Ready to start publishing
Sign Up today!