NFC Tags to Break 10 Billion Barrier by 2023 according to ABI Research
New York-based ABI Research – one of the most widely respected market intelligence firms for new technology – just published their take on NFC tags, and it’s extremely bullish. From their point of view, there is an “enormous growth opportunity for NFC tags over the next few years,” with shipments likely to break the barrier of 10 billion units by 2023.
The report, titled “NFC Tags Ready for the Mainstream,” gives four main reasons why the timing is right for NFC tags to take off.
From ABI Research’s perspective, the market for NFC tags is mature enough that many of the barriers to NFC adoption – such as price, availability, and consumer acceptance – are being removed. And, given the benefits that NFC tags deliver to brand owners and consumers, deployment of NFC tag ICs is set to skyrocket. More specifically, they predict shipments of NFC Forum compliant tag ICs will more than quadruple in the next several years, growing from just over 4 billion in 2018 to more than 10 billion in 2023.
To read the full report, download the full report here.