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TechNavio’s analysts forecast that the global NFC Payments market will grow at a CAGR of 68 percent over the period of 2010-2014. One of the key factors contributing to this market growth is the growing number of commercially available NFC enabled handsets. The worldwide NFC Payments market has also been witnessing increasing number of pilot trials in the area of NFC enabled Payments. However, the need for additional infrastructure by various stakeholders in the NFC Payments ecosystem could pose a challenge to the growth of this market.
Key vendors dominating this market space include Visa Inc., MasterCard, and Discover Financial Services.
TechNavio’s Global NFC Payments Market 2010-2014 has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the Americas, Europe, and China; it covers the payment processing firms in the area of NFC Payments.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
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