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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.

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New Jersey Coffee School Unveils Home Roasting and Latte Art Classes to Meet Surging DIY Coffee Trend

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Coffee enthusiasts and professionals are upping the ante to create their custom brews and artful presentations. The New Jersey Coffee School’s just-launched Home Roasting and Latte Art classes are three-hour, interactive courses for elevating personal skills and experiences with different brews.

HOBOKEN, N.J., Oct. 30, 2024 /PRNewswire-PRWeb/ — In response to the surging number of coffee-crazed consumers seeking the thrill of creating their own signature brews, Hoboken, N.J.-based New Jersey Coffee School (NJCS) has introduced two new hands-on classes: Home Roasting and Latte Art.

“Today, many coffee lovers are no longer satisfied to just sip and savor their brews – they want to create a magical morning ritual,” says Jim Conti, New Jersey Coffee School Co-President. “Plus, roasting their own beans can significantly reduce their coffee costs.”

The interactive three-hour Home Roasting class is designed for coffee enthusiasts looking to elevate their personal experiences with different brews and professionals seeking to broaden their knowledge of coffee roast profiles. Students learn the basics of coffee beans from farm to cup, taste selected beans and roast their chosen green beans to take home, all using the school’s commercial-quality equipment.

“Today, many coffee lovers are no longer satisfied to just sip and savor their brews – they want to create a magical morning ritual,” says Jim Conti, NJCS Co-President. “Plus, roasting their own beans can significantly reduce their coffee costs.”

The Latte Art class, fueled by the increasing popularity of visually appealing coffee, equips baristas and enthusiasts with the skills to create consistent, high-quality latte art. Students learn milk science for perfecting milk streaming, texturing and pouring – culminating in innovative designs ranging from hearts and tulips to rosettas and landscapes. “In three hours, we turn coffee enthusiasts and baristas into creative latte artists,” says NJCS Co-President Bernie Rosenstein.

These courses complement the school’s popular two-day Barista Training class and the three-day Professional Coffee Business class for those hoping to achieve the dream of owning their own coffee shop and current owners who want to enhance their operations.

About the New Jersey Coffee School

Launched in 2023, the New Jersey Coffee School serves current and aspiring coffee professionals plus home coffee aficionados. The school empowers coffee entrepreneurs with hands-on training, practical business skills and key decision-making tools, in addition to offering professional barista training. Enthusiasts learn top-level preparation and presentation techniques worthy of the best baristas.

All of the school’s dynamic and hands-on programs for prospective and current café owners, managers, and baristas – as well as its classes for coffee enthusiasts – are led by top instructors who are accomplished coffee and hospitality professionals. Co-owners Jim Conti and Bernie Rosenstein, boyhood friends and former New York City financial executives driven by a passion for high-quality education, are committed to paving the path to success for their students.

The New Jersey Coffee School is located at 720 Monroe St., Suite C508, Hoboken, N.J. 07030. Visit www.NewJerseyCoffeeSchool.com or reach out at 201.367.9506 or info@newjerseycoffeeschool.com.

Media Contact
Ken Hunter, PowerStation Communications, 1 908-295-8946, khunter1@embarqmail.com, www.powerstationcomms.com
Jack Appleman, Successful Business Writing, 1 845-781-0019, jack@successfulbusinesswriting.com, https://successfulbusinesswriting.com

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SOURCE New Jersey Coffee School

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Attenuators Market to Grow by USD 434.7 Million (2024-2028) as Demand for Wave Protection in Marine Environments Increases; AI-Powered Market Evolution Report – Technavio

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NEW YORK, Oct. 30, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global attenuators market size is estimated to grow by USD 434.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.4% during the forecast period. Need for protection against wave action in marine environments is driving market growth, with a trend towards expanding innovation in material technology. However, uncertainty in producing accurate measurements poses a challenge.Key market players include Amphenol Corp., Analog Devices Inc., Bird, Eravant, HUBER SUHNER AG, HYPERLABS INC., Infinite Electronics International, Inc., JFW Industries Inc, MECA Electronics Inc, Narda MITEQ, Qorvo Inc., Renesas Electronics Corp., RF Industries Ltd., RF Lambda, Roho Connector Ltd, Scientific Components Corp, Smiths Interconnect Group Ltd, Spectrum Control Ltd, TTM Technologies Inc., and Valtir LLC.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysisView your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Fixed attenuators and Variable attenuators), Application (Telecommunications, Broad casting, Data centers, Automotive, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Amphenol Corp., Analog Devices Inc., Bird, Eravant, HUBER SUHNER AG, HYPERLABS INC., Infinite Electronics International, Inc., JFW Industries Inc, MECA Electronics Inc, Narda MITEQ, Qorvo Inc., Renesas Electronics Corp., RF Industries Ltd., RF Lambda, Roho Connector Ltd, Scientific Components Corp, Smiths Interconnect Group Ltd, Spectrum Control Ltd, TTM Technologies Inc., and Valtir LLC

Key Market Trends Fueling Growth

The global attenuators market is experiencing significant growth due to advancements in material technology, specifically in the development of terahertz attenuators. Traditional attenuators have faced challenges in achieving effective performance in the terahertz band. However, recent innovations, such as the use of aerogels made from cellulose and conducting polymer PEDOT:PSS, are revolutionizing the industry. These aerogels offer unique benefits, including the ability to switch between conducting and insulating states, enabling precise control over THz signal transmission. This capability results in a substantial increase in performance, with modulation ranging from 2% to 90%. The reversible nature of this process makes aerogel attenuators highly adaptable for various applications. The use of biocompatible and durable PEDOT:PSS, combined with the renewable and cost-effective cellulose, enhances the sustainability of these materials. The aqueous fabrication process simplifies production and supports large-scale manufacturing. As the demand for high-performance attenuators in advanced communication systems continues to rise, the integration of innovative materials like conducting polymer-cellulose aerogels is poised to redefine industry standards, aligning with broader sustainability goals and driving the growth of the global attenuators market. 

The Attenuators Market is experiencing significant growth due to increasing trends in Data Centers, Data Transmission, and Network Communication. With the rise of Cloud Computing and IoT, the need for maintaining Signal Integrity in Wireless Infrastructure and 5G Technology is crucial. Attenuators, as passive devices, play a vital role in reducing signal power and ensuring Quality of Service (QoS) in various applications. Single-channel and Multi-channel Jitter Attenuators find extensive use in Telecommunications and Data Center Applications. Digital Attenuators, using Voltage Divider Network and Semiconductor Devices, offer precise amplitude reduction. The Telecommunication Industry’s shift towards 5G, LTE Networks, and IoT applications necessitates advanced solutions like Active Attenuators, Variable Attenuators, and Power Wattage management. Attenuators find applications in Military Applications, Consumer Electronics, and Test and Measurement equipment. High Bandwidth Technologies, Smart Grid Technology, and Time-sensitive Smart Meters require precise attenuation for Financial Security and Digital Transformation. Attenuators are essential components in various industries, including Telecommunications, Automotive (Autonomous and Connected Cars), and Supply Chain. 

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Market Challenges

The global attenuators market encounters challenges in obtaining accurate measurements, especially with direct reading attenuators. These instruments are vital in test labs and production settings for precise attenuation settings in component and system characterizations. However, the reliability of these measurements can be affected by the non-linearity issues of power sensing devices, such as power sensors and detectors. This concern results in the need for consistent power exposure levels to ensure measurement accuracy. To achieve this, a precise attenuation value is necessary. The standard method involves using direct reading attenuators to establish the desired attenuation level, enabling accurate gain or loss readings. However, the accuracy of these readings for the Device Under Test (DUT) depends on the precision of the attenuation readings. Discrepancies in attenuator accuracy can lead to significant measurement errors. Furthermore, applications like bit error rate testing in communication systems and sensitivity assessments in radar systems necessitate extremely high accuracy and attenuation levels, often surpassing 120 dB. This demand adds complexity, as a flat attenuation response across the entire waveguide operating bandwidth is crucial for reliable performance in broadband components and subsystems. The uncertainties in producing accurate measurements may hinder the growth of the global attenuators market during the forecast period.The Attenuators Market encompasses passive devices designed for signal power reduction in various industries. Digital Attenuators, a modern solution, offer precise amplitude reduction for applications like Test and Measurement and Communication Equipment. Maximum Rated Attenuation varies for Semiconductor Devices and Driver Circuitry, including Transistor-Transistor Logic (TTL). Challenges include meeting the power wattage requirements for Military Applications and Consumer Electronics, as well as the demands of High Bandwidth Technologies in the Telecommunication Industry, such as LTE Network and 5G. Active Attenuators and Variable Attenuators cater to different use cases. Vibration Dampers and Machine Learning Algorithms ensure optimal performance. Financial Security, Digital Transformation, Supply Chain, and emerging technologies like 5G, Autonomous Cars, Connected Cars, Silicon-based Timing Devices, Data Centers, and Smart Grid Technology also present significant opportunities.

Insights into how AI is reshaping industries and driving growth Download a Sample Report

Segment Overview 

This attenuators market report extensively covers market segmentation by

Type1.1 Fixed attenuators1.2 Variable attenuatorsApplication2.1 Telecommunications2.2 Broad casting2.3 Data centers2.4 Automotive2.5 OthersGeography3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Fixed attenuators- Fixed attenuators are essential devices in signal management, providing consistent attenuation across various applications. These devices reduce signal amplitude by a fixed amount, typically measured in decibels (dB), using a fixed resistance network to dissipate excess power as heat. The market for fixed attenuators includes various types, such as standard, cryogenic, space-grade, superconducting, and microwave models. Manufacturers rigorously test these devices in thermal vacuum chambers and radiation testing facilities to ensure reliability under extreme conditions. The use of high-reliability materials is crucial to resist degradation from radiation and temperature variations. The growing demand for advanced communication systems and space exploration technologies is driving the expansion of the fixed attenuators segment and the global attenuators market. Innovations in materials and design continue to enhance their performance and reliability.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Attenuators Market encompasses a range of passive devices used to reduce signal power while maintaining signal integrity in various applications, including Data Centers, Data Transmission, Network Communication, Cloud Computing, Internet of Things (IoT), Wireless Infrastructure, and 5G Technology. Attenuators are essential in managing QoS (Quality of Service) and mitigating jitter in these systems. They come in different types, such as Single-channel Jitter Attenuators, Multi-channel Jitter Attenuators, Digital Attenuators, and Passive Devices like Voltage Divider Networks. Semiconductor devices, Driver Circuitry, CMOS Logic, and Transistor-Transistor Logic (TTL) are commonly used in attenuator designs. Maximum Rated Attenuation and Amplitude Reduction are critical specifications for these components. Test and Measurement equipment and Communication Equipment industries, Telecommunications, and Silicon-based Timing Devices also rely on attenuators for signal management.

Market Research Overview

The Attenuators Market encompasses a range of passive devices used to reduce signal power, primarily in data centers, data transmission, and network communication applications. These devices ensure signal integrity and improve Quality of Service (QoS) in various industries, including telecommunications, cloud computing, IoT, wireless infrastructure, and 5G technology. Attenuators come in different types such as single-channel and multi-channel jitter attenuators, digital attenuators, and active or variable attenuators. They are used in data center applications, test and measurement equipment, communication equipment, and military applications. Semiconductor devices, driver circuitry, and voltage divider networks are essential components of these attenuators. With the advent of high bandwidth technologies like 5G, LTE networks, and the Internet of Things (IoT), the demand for attenuators is increasing in various sectors like consumer electronics, autonomous cars, and connected cars. Silicon-based timing devices, smart grid technology, time-sensitive smart meters, financial security, digital transformation, and supply chain are other potential applications. Vibration dampers and machine learning algorithms are also being integrated into attenuators to improve their performance. In summary, the Attenuators Market is a significant and growing sector, driven by the increasing demand for reliable and high-performance signal transmission in various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Type Fixed AttenuatorsVariable AttenuatorsApplication TelecommunicationsBroad CastingData CentersAutomotiveOthersGeography APACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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State Collection Service Donates $10,000 for Hurricane Recovery Efforts

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As hurricane recovery efforts continue throughout the Southeast, State is supporting those providing direct assistance.

MADISON, Wis, Oct. 30, 2024 /PRNewswire-PRWeb/ — As hurricane recovery efforts continue throughout the Southeast, State is supporting those providing direct assistance. The company has donated $10,000 to organizations assisting those in North Carolina and Florida, as well as a fund providing cash assistance to those impacted who work in the receivables management/revenue cycle industry. Many of our team members also have made contributions.

“In addition to working closely with our clients located in the impacted areas, ceasing outbound contact campaigns and adjusting scripts, our team quickly jumped in to provide financial assistance to those impacted by the hurricanes,” said Tim Haag, State’s president and chief executive officer.

A portion of State’s donation went to a GoFundMe created by agency owners Rick Doane and Diane Doane Plowman to provide cash assistance to those impacted within the receivables management industry. Donations are still being accepted here to assist our industry colleagues who were impacted.

“In addition to working closely with our clients located in the impacted areas, ceasing outbound contact campaigns and adjusting scripts, our team quickly jumped in to provide financial assistance to those impacted by the hurricanes,” said Tim Haag, State’s president and chief executive officer. “Our thoughts for a full recovery go out to everyone impacted by these disasters.”

About State

State improves the financial picture for healthcare providers by delivering increased financial results while ensuring a positive patient experience. Rooted in a tradition of ethics, integrity and innovation since 1949, State uses data analytics to drive performance and speech analytics with ongoing training to ensure patient satisfaction. A family-owned company now in its third generation of leadership, State assists healthcare organizations with services spanning the complete revenue cycle, including Pre-Service Financial Clearance, Early Out Self-Pay Resolution, Insurance Follow-Up and Bad Debt Collection. To learn more, visit: www.statecollectionservice.com.

Media Contact

Heather Taylor, State Collection Service, Inc., 1 7657306632, heathert@stcol.com, www.statecollectionservice.com

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SOURCE State Collection Service, Inc.

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