Tag: nfc technology trends

NFC technology is attempting to take another swipe at QR codes

| February 19, 2014

The contactless tech is now working to catch up within the mobile ticketing space.

ABI Research has released a prediction that NFC technology is making some progress in terms of gaining ground toward QR codes and that this will progress over the next half decade.NFC Technology and QR Codes

It also predicted that in that time there will be 34 billion tickets that will be delivered by way of mobile devices.

The massive number of tickets delivered over smartphones, tablets (and likely wearables, considering the direction that the trend is taking) will define a number of tech trends, particularly when it comes to the time of authentication. This area is currently dominated by QR codes, NFC technology, SMS Bluetooth Smart, mobile wallets, and dedicated apps.

Currently, there is a considerable lead in QR codes over NFC technology for this purpose.

The prediction ran from 2014 through 2019 and it predicted that QR codes will hold their top position at 48 percent of all the tickets that will be delivered over mobile devices. That said NFC technology will make it to 30 percent, and other methods such as SMS will make up the remaining 22 percent. This will mean that near field communication will experience the fastest level of growth throughout that period of time, with a CAGR of more than 100 percent.

QR codes have their massive head start behind their vast majority and the fact that they will be able to hold their position in the lead with mobile ticketing. These quick response codes have already solidly established themselves in a number of large companies, such as Masabi, for ticketing deliveries, allowing it to become well established in ticketing apps such as train and stadium tickets, events tickets, and airline boarding passes. Having gained that position, it is more challenging for other forms of tech to carve out their own place.

The mobile ticketing market is being seen as a solid example of an area in which these new forms of tech are now becoming a regular part of everyday life. NFC technology has seen its struggles but it looks like there are some areas in which it is continuing to experience a notable enough amount of growth.

NFC technology is finally beginning to gain ground

| October 30, 2013

The growth of the use of this tech has been quite slow but people are adopting near field communication.

It has been slightly over one year since mobile payments companies, such as banks and network operators, had been doing everything they could to make sure that they had worked NFC technology into their systems so that they would be able to keep up with what they felt was an overwhelmingly large opportunity as enabled devices would flood the marketplace.

They were under the impression that Apple would soon be releasing an enabled device.

Since that time, several Apple devices have been launched and not one of them has included the NFC technology that had been anticipated. Though the preparations for near field communications had skyrocketed, and the tech had been worked into everything from mobile wallets to marketing, the growth of the penetration of the actual devices occurred much more slowly than anticipated.

iPhones still do not feature NFC technology among their options and companies have had to look to other avenues.

nfc technology shows promiseGoogle Wallet, Isis, and even MasterCard have all recently announced that although they have not abandoned their use of NFC technology, they are implementing additional methods in order to make sure that their services would be accessible by a larger number of consumers. For the most part, this has meant that QR codes – the two dimensional barcodes that had once been believed to have limited days left because of the upcoming popularity of near field communication tech – have been added to these massive systems.

That said, it appears that all is not lost for NFC technology. The majority of the latest Android smartphones do contain these chips and as they start to spread throughout the world – and dominate the shipments of smartphones on a global scale – it has meant that systems relating to this tech are starting to launch. Though they haven’t taken off at the rate that had been initially expected, they are now experiencing a healthy, moderate growth.

In fact, according to Strategy Analytics market research, though the expectations for the demand for NFC technology have been reduced, it is still estimated that by the end of 2017, payments using this tech will have reached $48 billion.