TechNavio recognizes the following companies as the key players in the Global NFC Handsets Market: HTC Corp., Nokia Corp., Research In Motion Ltd., and Samsung Electronics Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “NFC-enabled handsets are increasingly being used for transport ticketing across the globe, ensuring ease of use and convenience to consumers. This not only eliminates the need for commuters to queue for tickets but also helps ease the transaction process. Moreover, it provides swift and seamless mobility from one transport network to another. In addition, NFC handsets can support multiple ticketing standards, creating a seamless experience for passengers by providing flexible and interoperable ticket systems. Since transport operators deliver NFC-enabled tickets to mobile handsets over-the-air, it ultimately reduces their ticket sales and distribution costs as the technology can reach a large number of customers. Therefore, the emergence of NFC-enabled handsets for transport ticketing is expected to drive the Global NFC Handset market during the forecast period.”
According to the report, one of the main drivers in the market is the increasing adoption of smartphones by consumers. The higher adoption of smartphones has encouraged vendors to integrate NFC technology in their mobile handsets. Smartphones are a major platform for NFC technology as it can be integrated with NFC chips and tags. For instance, end-users can read information embedded in various NFC smart posters in movie theaters using their NFC-enabled smartphones.
Further, the report states that one of the major challenges in the market is the slow adoption of payment solutions in NFC handsets. This slow adoption is primarily because of the popularity of other contactless technologies including contactless payment solutions such as credit cards, debit cards, and smartcards. For the NFC payment ecosystem to function properly, high interoperability is required among value chain members such as mobile manufacturers, telecom service providers, and banks.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-nfc-handsets-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global NFC Handsets Market 2012-2016
