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Near Field Communication (NFC) Forecasts Revised Downward, but Long Term Prospects Still Bright

Thu, 01/17/2008 - 4:50am
The worldwide market for contactless technology in transportation ticketing and contactless payments grew more than 15 percent in 2007, as the technology made greater inroads into consumers’ lives around the world. The market now stands at a value of more than $200 million but will reach more than $820 million by 2013, according to the latest market analysis from ABI Research. Positive growth in contactless card rollouts took place during the last half of 2007, while the uptake of contactless capabilities in mobile handsets — dubbed NFC (Near Field Communication) — continued to be stymied by difficulties in bringing the technology to the consumer market.

Accordingly, NFC handsets did not ship in any volume toward the end of 2007 and the market will remain limited for the first half of 2008. ABI Research now believes there will be longer than anticipated delays to NFC deployments and has again adjusted its latest quarter and next annual figures accordingly: the previous forecasts for total NFC device shipments stood at 1.1 million for 2007, and 9.81 million for 2008. The revised forecast stands at 0.65 million and 6.52 million respectively. However, says Collins, "Given the strength and interest among carriers around the world for NFC, our long-term forecasts remain unchanged."

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