Global NFC Payments Market 2010-2014 by InfinitiResearch

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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?

More Info
									2010-2014   Worldwide NFC Payments Market




                                technavio
2010-2014          Worldwide NFC Payments Market




            CONTENTS


            01. Executive Summary ..............................................1

            02. Introduction ...........................................................3

            03. Market Landscape ................................................4

            04. Vendor Landscape ...............................................9

            05. Buying Criteria .....................................................11
            06. Market Growth Drivers ........................................12

            07. Drivers and their Impact .....................................14

            08. Market Challenges .............................................15

            09. Market Trends ......................................................16
            10. Key Vendor Analysis ...........................................18
            10.1 Visa Inc.................................................................................. 18

            10.2 MasterCard .......................................................................... 20

            10.3 Discover Financial Services ................................................ 22

            11. Other Reports in this Series .................................24




2010-2014                                                      Worldwide NFC Payments Market
2010-2014        Worldwide NFC Payments Market




            EXHIBITS

            Exhibit 1: NFC Mobile Payments (US$ billion).....................................5

            Exhibit 2: Worldwide               NFC        Implementations/Successful
                         Projects ...................................................................................7

            Exhibit 3: Market Share of NFC Payment Vendors .........................10




2010-2014                                                        Worldwide NFC Payments Market
Worldwide NFC Payments Market
                                                                                                     1

      01. Executive Summary
                                NFC payment ecosystem players
        Market Scope            Report focuses more on payment processing firms in the area of
                                 NFC payments

                                2010: US$29 billion
        Market Size
                                2014: US$389 billion

        Growth Rate             67.9 percent

                                Americas
        Key Geographies         Europe
                                China

                                End Consumer
        Key Customer            Merchant
        Segments                Banks and Payment companies
                                Mobile network operators

                                Smartphones Being Embedded with NFC Chipsets
                                NFC Enabled Payments in Transportation
        Trends                  Pilot Trials For NFC Enabled Payments
                                Payment Vendors Working With Retailers to Enable NFC Mobile
                                 Payments

                                Commercially Available NFC Enabled Handsets
                                Increased User Convenience and Speed
        Drivers
                                Mobile Commerce
                                Payment Vendors Supporting NFC Enabled Payments

                                Need For Additional Infrastructure by Various Stakeholders
                                Coordination Among Various Stakeholders
        Challenges
                                Security
                                Marketing

                                Cost
                                Reliability
        Key Customer Needs
                                Security
                                Speed

                                Visa Inc.
        Key Vendors
                                MasterCard




2010-2014                                                                Worldwide NFC Payments Market
Worldwide NFC Payments Market
                                                                             2
                  Discover Financial Services




2010-2014                                        Worldwide NFC Payments Market
Worldwide NFC Payments Market
                                                                                                        3

      02. Introduction
      Contactless payment is an alternative form of payment replacing traditional methods of
      payment like cash/card/cheque. The consumer uses the mobile phone/card/key fob to make
      the payments for purchases made in areas such as retail and ticketing.

      Near Field Communication (NFC) is a short range wireless connectivity technology enabling
      communication between two
								
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