Allied Market Research published a report, titled, “NFC Payment Devices Market by Device Type (Smart Watches, Fitness Trackers, Payment Wristbands, Smart Rings and Others) and Application (Grocery Stores, Bars & Restaurants, Drug Stores, Entertainment Centers and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028.” The report offers a detailed analysis of changing market dynamics, key segments, value chain, competitive landscape, top investment pockets, and regional scenario.
The research provides an extensive analysis of driving factors, restraints, and opportunities of the global NFC Payment Devices market. These insights are helpful in availing insights about drivers, determine strategies, and implement necessary steps to avail competitive advantage and sustainable growth. Moreover, market players, investors, and startups can determine new opportunities, exploit the market potential, and achieve competitive edge.
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The report offers a detailed impact of the Covid-19 pandemic on the global NFC Payment Devices market to assist investors, market players, and others in reassessing their strategies and taking necessary steps accordingly.
Covid-19 Scenario:
- Manufacturing activities of NFC Payment Devices were halted due to partial or complete lockdown adopted in many countries. In addition, disruption in the supply chain and unviability of sufficient workforce presented hindrances in manufacturing activities.
- The Covid-19 pandemic presented the economic uncertainty, lowered down business confidence, and surged panic among customers. However, the market is projected to recover soon.
- Post-lockdown, manufacturing activities began with full capacity and supply chain reestablished. Moreover, the demand from end user industries is expected to increase gradually.
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Key Market Segments:
By Device Type
- Smart Watches
- Fitness Trackers
- Payment Wristbands
- Smart Rings
- Others
By Application
- Grocery Stores
- Bars & Restaurants
- Drug Stores
- Entertainment Centers
- Others
A comprehensive analysis of each segment and sub-segment is provided in the research. In addition, the tabular and graphical representation of each segment and sub-segment will assist market players in understanding the largest revenue generating segments and driving factors thoroughly. This analysis is valuable in identifying the fastest growing segments as well and strategizing to gain a long-term growth.
The research provides a detailed analysis for various regions and countries for the global NFC Payment Devices market. Regions discussed in the study include North America (the U.S., Canada, and Mexico), Europe (the U.K., France, Italy, Germany, and rest of Europe), Asia-Pacific (China, Japan, India, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). These insights are valuable in devising strategies of expansion, identifying growth potential, and tapping on opportunities in new regions. AMR also provides customization services for a specific region, country, and segment as per requirements.
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The report provides an extensive analysis of major market players operating in the global NFC Payment Devices market.
The major market players analyzed in the research include
- Apple, Inc.
- Fitbit, Inc.
- Gramin Ltd
- Huawei Technologies Co., Ltd.
- Jakcom Technology Co. Inc.
- McLear Ltd.
- Nymi, Inc.
- Samsung Electronics Co. Ltd.
- Sony Corporation
- Xiaomi Corporation
They have implemented various strategies such as new product launches, mergers and acquisitions, joint ventures, partnerships, expansion, collaborations, and others to gain competitive advantage across the global market.
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