TechNavio has released a new report predicting that the global NFC chip market will grow at a compound annual growth rate (CAGR) of 135.63% from 2011-2015.
According to the report, “Global Near Field Communication Chip Market 2011-2015,” this market growth is attributed to the emergence of contactless technology, along with an “immense” growth in the applications market. However, the lack of application-level standardization could threaten future market growth.
TechNavio’s report covers NFC chip markets in the Americas, and the EMEA and APAC regions. The report also includes a discussion of the key vendors operating in this market, led by NXP Semiconductors and Inside Secure.
Find out more here.