NFC market to hit $16.25 Billion by 2022
The marketing firm claims that the NFC market is expected to flourish in the near future. Its report includes an in-depth analysis of the products, applications, and geography.
According to the company, NFC is a very dynamic market and entails a great potential across many industry verticals. Advancements in technology due to continuous R&D in this sector, makes it one of the prominent segments in the current industrial scenario. The technology has a major role to play in this sector as it is cost-effective and offers a longer life cycle of products and systems, along with greater reliability.
Key features NFC include high rate of communication with other NFC-enabled devices, better properties to withstand rough environmental conditions, and a longer life that is best suited for the payment, ticketing, booking, and data sharing applications.
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