NFC payments are contactless payments, which use near-field communication (NFC) technology to share data among readers and mobile systems such as Apple Pay and Android Pay eWallets and EMV chip cards. NFC transactions are authenticated and extremely protected and the NFC devices must be near together to proceed with transaction. The moment when payment and reader devices are brought close together and activated, NFC chips interchange cryptographic data to render the transfer complete. The cycle produces a lightning-fast transaction loop, which is both easy and one of the most reliable forms of payment.
This report contains market size and forecasts of NFC Payments in Global, including the following market information:
Global NFC Payments Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global NFC Payments market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Solutions Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of NFC Payments include Google Pay, LifeLock Wallet, Mastercard Incorporated, The American Express Company, Visa Inc., Apple Pay, PayPal Payments Private Limited, Capital One Financial Corporation and The Bank of America Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the NFC Payments companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global NFC Payments Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global NFC Payments Market Segment Percentages, by Type, 2021 (%)
Solutions
Service
Global NFC Payments Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global NFC Payments Market Segment Percentages, by Application, 2021 (%)
Retail
Healthcare
Hospitality
Energy & Utilities
Transportation & Logistics
BFSI
Others
Global NFC Payments Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global NFC Payments Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies NFC Payments revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies NFC Payments revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Google Pay
LifeLock Wallet
Mastercard Incorporated
The American Express Company
Visa Inc.
Apple Pay
PayPal Payments Private Limited
Capital One Financial Corporation
The Bank of America Corporation
Payoneer Inc.
Stripe
Due Inc.
Samsung Pay