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NFC Market worth $30.55 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 30, 2024 /PRNewswire/ — The global NFC market will USD 30.55 billion by 2029 from USD 21.69 billion by 2024, at a CAGR of 7.1% during the forecast period according to a new report by MarketsandMarkets™. Rapid industrialization and urbanization prevail largely in the emerging economies of China and India, particularly through the development of smart cities. Gradual concentration in industrial development has increased demand for the infrastructure required in cities. This would eventually lead to the development of educational & healthcare institutions, public administration offices, shopping malls, stores, and warehouses. This, in turn, will boost the demand for advanced NFC solutions and smartcard, particularly in technologically advancing countries such as India, China, and Brazil.

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Browse in-depth TOC on “NFC Market” 
170 – Tables
90 – Figures
250 – Pages

NFC Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 21.69 billion

Estimated Value by 2029

$ 30.55 billion

Growth Rate

Poised to grow at a CAGR of 7.1%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Operating Mode, Use Cases and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Lack of awareness about the benefits associated with NFC

Key Market Opportunities

Rising need for connectivity between different devices

Key Market Drivers

Rising interest towards the adoption of mobile commerce

The market for NFC Hardware segment is expected to gain a significant market share during the forecast period.

NFC hardware products are internal NFC-enabled accessories that are built into the device to facilitate NFC communication. These include NFC IC/Chips designed for smartphones to make contactless payments, access control, and secure paring with other NFC devices for data sharing. NFC tags are similar to RFID tags that are used to store small but essential data used as readers and access control devices. NFC tags are similar to RFID tags and are used to store essential data in a compact format. This data can be read and accessed by NFC readers or NFC-enabled smartphones. NFC tags are commonly utilized for proximity and vicinity identification. Some of their applications include transit systems, ticketing, access control, and offline authentication through digital signatures.

The transportation segment is to grow at an impressive CAGR during the forecast period.

In the transportation industry, the NFC-enabled phone transactions can be used with existing contactless infrastructure, which requires no additional investment. NFC enables two-way communications such as redeeming a ticket and sensing a receipt. NFC forum tags placed behind posters and other printed media (smart posters) allow travelers to touch and read schedules, get special offers, and learn about destination highlights. The major applications of NFC in the transportation industry are ticketing and access control. NFC-enabled smartphones and travel cards allow passengers to simply use their personal devices/cards on designated readers to validate their tickets or access rail, metro, and airport stations. NFC adds several benefits in all stages of ticketing such as convenience, security, and flexibility. Proof of ticket registration, special travel discount coupons and entitlements can be stored on the phone or travel cards.

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North America is expected to grow at significant CAGR during the forecast period.

North America is one of the leading markets for NFC in terms of R&D, network design/deployment, and the presence of key market players such as Broadcom (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), and Flomio, Inc. (US). In North America, the US is considered to have the most engaged mobile user base, and this is expected to grow with the addition of new subscribers. Full-fledged NFC implementation in North America is expected to boost retail services. In the current scenario, the NFC industry for such services is growing continuously. The US is a leading adopter of advanced technologies committed to implementing automation solutions across various sectors. It ranks among the top three countries for spending on smart city initiatives and is also one of the top five nations in industrial automation investments. Additionally, smartphone penetration rate is high in the country, which has facilitated the widespread adoption of wired and wireless technologies.

The key companies in the NFC companies include NXP Semiconductors (Netherlands), Broadcom (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), ams-OSRAM AG (Austria), Thales (France), and Infineon Technologies AG (Germany).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

RFID Market Size, Share and Industry Growth by Offering (Tags, Readers, Software & Services), Tag Type (Active, Passive), Wafer Size, Frequency (Low Frequency, High Frequency, Ultra-high Frequency), Form Factor, Material, Application and Region – Global Forecast to 2032

Wireless Connectivity Market Size, Share, Statistics and Industry Growth Analysis by Connectivity (Wi-Fi, Bluetooth Classic, Bluetooth 4X, Bluetooth 5X, ZigBee, Z-Wave, UWB, NFC, Thread, GNSS, Cellular, EnOcean, Sigfox, LoRa, LTE Cat-M1, NB-IoT), End-use and Region – Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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MyComputerCareer Looks Back on Rewarding 2024 Fueled by Student and Grad Success; Shifting Mindset to Alternative Higher Ed Learning Pathways

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Skills training is having a moment

APEX, N.C., Dec. 23, 2024 /PRNewswire-PRWeb/ — There’s an important conversation happening in higher education that is shifting the way students of all ages approach how, and where, they choose to gain knowledge. Do I need a “traditional” university degree to find a career or are there viable alternatives to gain skills and knowledge? While this question and conversation will, and should, continue throughout 2025, skills-training is undoubtedly having a moment.

“The first, and most important, metric that defines success for MyComputerCareer is positive student outcomes and 2024 provided numerous opportunities to celebrate so many of those accomplishments,” said Tony Galati, Founder and CEO of MyComputerCareer.

As more employers move towards dropping degree requirements, more than 70 million skills-warriors without degrees are paying attention. MyComputerCareer, which has specialized in IT-skills training since 2007, saw the impact first-hand as eager students excelled in the classroom and grads made an impact in IT.

In 2024, MyCC celebrated 3892 graduates, including a cohort of nearly 1600 in August that was the school’s largest since November 2022. By comparison there were 2998 graduates in 2023. The school’s live-led, DoD approved Cyber Warrior Program geared to transitioning service members, contributed to this uptick as the program grew more than 200% in 2024.

“My instructor served in the military and had 20+ years of cybersecurity experience, so he wasn’t just teaching me how to pass the exam, he was teaching me how to pass the exam then apply those skills to the real world,” said Air Force veteran and Cyber Warrior Program alumna Jayanna Berry.

How did students like Jaynna and others perform in the classroom? Collectively they earned nearly 6000 IT certifications which help provide the knowledge and skills needed to positively impact potential employers. Speaking of employers, the school’s Career Services team – which works with students and alumni for life – submitted more than 14,000 resumes on their behalf throughout the year.

Beyond student and graduate success, MyCC had a strong year in 2024, reinforcing the college’s position as a leader in the skills-training space. Some milestones and accomplishments included:

Named Top-10 Military Friendly schoolEarned EC-Council’s Circle of Excellence awardHR Team named “Team of the Year” by Merit AwardsFounder Tony Galati tagged as “innovative leader” in education (Forbes)Featured in a 30-minute Lifetime special titled “Operation Career” highlighting the school’s dedication to active and veteran service members.Named Military Friendly employer

“The first, and most important, metric that defines success for MyComputerCareer is positive student outcomes and 2024 provided numerous opportunities to celebrate so many of those accomplishments,” said Tony Galati, Founder and CEO of MyComputerCareer. “Every earned milestone beyond that bucket is very welcomed as it highlights the dedication of our employees to deliver a positive and rewarding experience to so many folks in an effort to change their lives.”

Since opening its doors in 2007, MyComputerCareer has equipped more than 27,000 graduates with the skills and resources needed for success, resulting in alumni working for some of the top tech companies across the country. The school welcomes students with no former experience or training in IT, and graduates come from a broad range of backgrounds – from hospitality to retail to stay-at-home parents.

About MyComputerCareer

MyComputerCareer is an accredited* technical school, with classes online and on-campus, that provides hands-on Information Technology training, certifications and job placement in as little as seven months. Founded in 2007, the school boasts nine campuses in Texas, North Carolina, Indiana, Ohio, and Nellis Air Force Base, with its headquarters in Holly Springs, North Carolina. For more information, call (866) 606-6922 or visit www.mycomputercareer.edu

* Accredited by the Accrediting Council for Continuing Education & Training (ACCET)

Media Contact

Aaron Martin, MyComputerCareer, 1 773.505.4325, aaron.martin@mycomputercareer.edu, www.mycomputercareer.edu

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Crowley Awards Maine Maritime Academy Cadets with Thomas B. Crowley Sr. Memorial Scholarship

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Cadets Anna LaDue and Odegaard Fields have been awarded the memorial scholarships for exemplifying the company’s values and intent on pursuing a maritime career.

JACKSONVILLE, Fla., Dec. 23, 2024 /PRNewswire-PRWeb/ — Cadets Anna LaDue and Odegaard Fields from Maine Maritime Academy have been awarded the Thomas B. Crowley Sr. Memorial Scholarship. These students were selected based on their performance during the cadet training periods aboard Crowley-operated or -managed ships and their intent to pursue maritime careers.

LaDue, a junior from Canterbury, New Hampshire, is studying marine transportation operations, with a minor in sail training. She has served as the Assistant Officer in Charge for the academy’s Delta Company during the 2024 training year and has achieved the Dean’s List for three consecutive semesters. Outside of her maritime studies, she is involved in the climbing club, singing ensemble, women on the water, environmental action club and her school’s student athletic advisory committee. After training aboard Crowley-managed tanker American Pride in summer 2024, LaDue seeks to sail aboard on tankers upon graduation.

Fields, a junior from New Marlborough, Massachusetts, is pursuing a degree in marine transportation operations. In addition to his studies, Fields is a small vessel handling instructor and terrestrial navigation teaching assistant on the George C. Previll Memorial Inter-Academy Monomoy challenge team. Fields sailed as a cadet with Crowley on the American Pride. Upon graduation, Fields wants to continue sailing as a deck officer on a tanker or offshore wind supply vessel.

The scholarship, which is awarded annually by Crowley, was established in 1994 by the company’s CEO and chairman Thomas B. Crowley Jr. to commemorate and honor Thomas B. Crowley Sr. and his instrumental leadership and accomplishments for the company and maritime industry. Since 1984, Crowley has provided over $3 million dollars in scholarships to more than 1,000 students studying at maritime academies and other select schools in the United States mainland, Puerto Rico and Central America.

About Crowley
Crowley is a privately held, U.S.-owned and -operated maritime, energy and logistics solutions company serving commercial and government sectors with $3.5 billion in annual revenue, over 170 vessels mostly in the Jones Act fleet and approximately 7,000 employees around the world – employing more U.S. mariners than any other company. The Crowley enterprise has invested more than $3.2 billion in maritime transport, which is the backbone of global trade and the global economy. As a global ship owner-operator and services provider with more than 130 years of innovation and a commitment to sustainability, the company serves customers in 36 nations and island territories. Additional information about Crowley, its business units and subsidiaries can be found at http://www.crowley.com. 

Media Contact

David DeCamp, Crowley, 904-727-4263, David.DeCamp@crowley.com, www.crowley.com 

Torey Vogel, Crowley, 904-726-4536, Torey.Vogel@crowley.com, www.crowley.com 

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TheLotter: Celebrate Christmas with a Stellar Mega Millions Jackpot!

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AUSTIN, TX, Dec. 23, 2024 /PRNewswire/ – The excitement skyrockets as the Mega Millions jackpot climbs to an estimated $944 million / $429.4 cash option, just in time for Christmas! To date, the popular multijurisdictional lottery has awarded 6 jackpot prizes over $1 billion, and this could grow to become the 7th.

At TheLotter, customers can order tickets for the upcoming Mega Millions draw, featuring such an extraordinary jackpot amount on Christmas Eve, 12/24/2024. TheLotter is the leading lottery ticket courier service, enabling customers across the state to join their favorite lottery draw games at their convenience without leaving home, and win prizes 100% commission-free. Just this week, T.B. from a small community northwest of Houston won $26,000 in the December 20, 2024 Daily 4 Morning draw after securing their entry through TheLotter. The Daily 4 Morning draw is one of the many state lotteries offered on the site. Some take place daily – even multiple times a day – while others are held twice a week.

“As we approach the end of 2024, excitement is at an all-time high with this Mega Millions colossal jackpot grabbing headlines. Adding to the buzz, the game is set to undergo a significant transformation in the coming year, promising even more excitement and chances to win big. With this perfect blend of monumental jackpots and innovative updates, Mega Millions is proving once again why it remains a favorite among lottery customers nationwide.” says Yael Hertz, CEO of TheLotter Group.

Once a customer’s order is confirmed at TheLotter, our agents ensure participation by purchasing tickets from licensed local retailers using the lucky numbers chosen by customers – either manually or via the Quick Pick option. Then, scanned copies, which serve as proof of ownership of these tickets, can be viewed in the customers’ online accounts before the draws take place.

TheLotter’s expanding list of winners who won huge prizes on the site includes Robert Talerico from San Antonio, who hit the $525,000 Texas Two Step jackpot in February 2023, as well as a Dallas customer who won $1 million in a Powerball draw in November 2022.

Lottery games enthusiasts in Texas eager for a chance at massive jackpots can join the excitement seamlessly by setting up an easy and secure account at TheLotter.

For more information about how Texas customers can take their shot at Mega Millions, Powerball and other state lottery draws’ prizes, visit the company’s website at tx.thelotter.com.

About TheLotter
TheLotter offers a lottery courier service enabling residents of Texas to order official Texas lottery tickets from their device, from the comfort of home or on the go.

Follow TheLotter US on FacebookTwitter and Instagram.  

Gambling can be harmful if not controlled. Must be 18 or older. Please play responsibly. 

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