NFC Payments Market Report by Share, Growth and Size: 2031

Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031

Coverage: NFC Payments Market covers analysis By Device Type (Smartphones, Smartwatches, Tablets, EMV Cards, Others); End User (Retail Stores, Hospitality, Healthcare Services, Others); and Geography

Report Date : Nov 2025
Report Code : TIPRE00017759

Category : Banking, Financial Services, and Insurance
Status : Upcoming

Available Report Formats :
No. of Pages : 150

Also Available in :

한국어 Deutsch 日本 Français لعربية 中文 Italiano Español

Page Updated: Aug 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The NFC Payments Market is expected to register a CAGR of XX% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is categorized by COMPONENT (Solution, Service) and further analyzes the market based on Payment mode (Smartphones, Smartcards). It also examines the market by Industry Vertical (Retail, Healthcare, Hospitality, Energy and Utilities, Transportation and Logistics, BFSI) . A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.

The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.

Purpose of the Report

The report NFC Payments Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

NFC Payments Market Segmentation

COMPONENT

Solution
Service

Payment mode

Smartphones
Smartcards

Industry Vertical

Retail
Healthcare
Hospitality
Energy and Utilities
Transportation and Logistics
BFSI

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

NFC Payments Market: Strategic Insights

Get Top Key Market Trends of this report.
This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

NFC Payments Market Growth Drivers

Unlocking Convenience: NFC Payments Transform Everyday Transactions
Seamless Shopping: How NFC Payments Enhance Customer Experience
Future of Finance: NFC Payments Drive Innovation and Growth

NFC Payments Market Future Trends

Growing demand for contactless transactions
Rise in mobile wallet usage
Increased focus on security and convenience in payments

NFC Payments Market Opportunities

NFC Payments: Seamless Transactions Redefining Shopping Experience
Contactless Tech: Empowering Consumers with Instant Payments
Future of Wallets: NFC Innovations Driving Cashless Societies

NFC Payments Market Regional Insights

The regional trends and factors influencing the NFC Payments Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses NFC Payments Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

NFC Payments Market Report Scope

Report Attribute	Details
Market size in 2024	US$ XX million
Market Size by 2031	US$ XX Million
Global CAGR (2025 - 2031)	XX%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By COMPONENT Solution Service By Payment mode Smartphones Smartcards By Industry Vertical Retail Healthcare Hospitality Energy and Utilities Transportation and Logistics BFSI
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Apple Inc. Garmin Ltd Google Mastercard NortonLifeLock Inc. Paypal Paytm Samsung Electronics Square Capital, LLC

NFC Payments Market Players Density: Understanding Its Impact on Business Dynamics

The NFC Payments Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the NFC Payments Market top key players overview

Key Selling Points

Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the NFC Payments Market, providing a holistic landscape.
Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the NFC Payments Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

Frequently Asked Questions

Which region is expected to register a high growth rate during the forecast period?

North America is anticipated to grow with a high growth rate during the forecast period.

Which are the key players holding the major market share of the NFC payments market?

The key players holding majority shares in the global NFC payments market are PayPal, Apple Pay, AMERICAN EXPRESS COMPANY, Visa Inc., and Alphabet Inc.

What are the future trends of the global NFC payments market?

The growing trend of mobile commerce is anticipated to play a significant role in the global NFC payments market in the coming years.

What are the driving factors impacting the global NFC payments market?

Increased adoption of smartphones, Surge in demand for mobile and wearable payment devices, and increased use of contactless payment systems are the major factors that propel the global NFC payments market.

What is the growth rate of the global NFC payments market over the forecast period?

The global NFC payments market is expected to grow at a CAGR of 36.5% during 2023 - 2031.

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the NFC Payments Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Recent Reports

Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.

The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

YUKIHIKO ADACHI CEO, Deep Blue, LLC.

We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.

PIYUSH NAGPAL Sr. Vice President, High Beam Global

I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.

Jean-Herve Jenn Chairman, Future Analytica

This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.

John Suzuki President and Chief Executive Officer, Board Director, BK Technologies

The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.

Ran Kedem Partner, Reali Technologies LTDs

Reason to Buy