NFC Handsets Aid in Mobile Payment Growth
NEW YORK -- Most smartphone manufacturers now have near-field communication (NFC)-enabled smartphones commercially available, making the technology the obvious choice for mobile payments and smartphone security, according to the latest report from Heavy Reading Insider (www.heavyreading.com/mobile-networks), a subscription research service from Heavy Reading (www.heavyreading.com).
NFC Smartphones Underscore Growth in Mobile Payments examines the NFC mobile payments market, analyzing the most lucrative verticals for NFC mobile payments providers and discussing drivers and challenges in the industry. It includes a comparative analysis of solutions available, examines the geographic landscape of the market and details trends that will likely occur in the industry over the next 18-24 months.
For a list of companies covered in this report, http://twimgs.com/audiencedevelopment/LRHR/PDFS/mni0913_companies.pdf
"As vendors and MNOs seek ways to make smartphones the ubiquitous choice for payments, personal data storage and other common functions, NFC-enabled smartphones are gaining more traction across the globe," says Denise Culver, research analyst with Heavy Reading Insider and author of the report. "It's estimated that about 90 percent of smartphone manufacturers now have NFC-enabled handsets commercially available, with most housing an embedded secure element solution."
As NFC continues to mature – probably within the next four to five years – the industry will move beyond simple card emulation, Culver says. "It's likely that mobile secure identity solutions will leverage the smartphone's on-board intelligence to complete most of the tasks now performed by access control systems," she continues. "This trend will further accelerate the growth of NFC-enabled handsets used for physical access control, for protecting people and property, as well as the logical access control for protecting data."
Key findings of NFC Smartphones Underscore Growth in Mobile Payments include the following:
NFC Smartphones Underscore Growth in Mobile Payments is available as part of an annual single-user subscription (six issues) to Heavy Reading Mobile Networks Insider, priced at $1,595. Individual reports are available for $900 (single-user license).
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