California-based market research group iSuppli predicts “explosive” growth for NFC technology over the next few years, according to The Wall Street Journal.
iSuppli says that this year’s worldwide shipment of 52.6 million NFC-equipped phones will quadruple to 220.1 million units in 2014. This means that 13.1% of all phones shipped in 2014 will feature NFC, up from 4.1% in 2010.
iSuppli attributes the projected growth to recent commitments from mobile titans Nokia and Google to support NFC in future handset models and Android 2.3, respectively.
iSuppli also credits growth to AT&T, Verizon, and T-Mobile’s joint venture “ISIS” aimed at delivering a nationwide NFC-based mobile payments platform.
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