Product Code: ETC4461807 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Near Field Communication (NFC) technology has gained traction in Malaysia, primarily in the realm of mobile payments and contactless transactions. NFC allows for secure and convenient interactions between devices, facilitating mobile wallet usage and access control solutions. As the nation moves towards a cashless society, the NFC market is set to expand, offering seamless, touchless experiences for consumers and businesses alike.
The NFC market in Malaysia is driven by the adoption of contactless payment methods and the proliferation of NFC-enabled devices. Consumers and businesses are recognizing the speed, security, and convenience of NFC technology for payments and other applications.
The NFC market in Malaysia faces challenges related to consumer adoption and merchant acceptance. While NFC technology offers convenient contactless payment solutions, widespread adoption by both consumers and businesses can be hindered by security concerns and the need for infrastructure upgrades. Additionally, interoperability issues with different NFC-enabled devices and systems can present challenges in creating a seamless user experience.
The NFC market in Malaysia faced challenges during the COVID-19 pandemic. With restrictions on physical contact and reduced foot traffic in retail spaces, the adoption of NFC technology for payments and access control saw a temporary setback. However, as businesses and consumers adapt to the new normal, there is a resurgence of interest in NFC solutions for contactless payments, access, and authentication. This shift is likely to drive the growth of the NFC market in the coming years.
In the expanding market of Near Field Communication (NFC) technology in Malaysia, Leading Players have emerged as pivotal enablers of seamless contactless transactions. Entities like Maybank, CIMB, and Touch `n Go have demonstrated exemplary proficiency in developing NFC-enabled solutions. Their innovative products and services have revolutionized the way consumers conduct payments and access services. These companies stand as trailblazers in the Malaysia NFC market, setting the standard for secure, convenient contactless technology.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia NFC Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia NFC Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia NFC Market - Industry Life Cycle |
3.4 Malaysia NFC Market - Porter's Five Forces |
3.5 Malaysia NFC Market Revenues & Volume Share, By Device operating mode , 2021 & 2031F |
3.6 Malaysia NFC Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.7 Malaysia NFC Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Malaysia NFC Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia NFC Market Trends |
6 Malaysia NFC Market, By Types |
6.1 Malaysia NFC Market, By Device operating mode |
6.1.1 Overview and Analysis |
6.1.2 Malaysia NFC Market Revenues & Volume, By Device operating mode , 2021-2031F |
6.1.3 Malaysia NFC Market Revenues & Volume, By Reader emulation, 2021-2031F |
6.1.4 Malaysia NFC Market Revenues & Volume, By Peer-To-Peer, 2021-2031F |
6.1.5 Malaysia NFC Market Revenues & Volume, By Card Emulation, 2021-2031F |
6.2 Malaysia NFC Market, By Offering |
6.2.1 Overview and Analysis |
6.2.2 Malaysia NFC Market Revenues & Volume, By Non-Auxiliary products, 2021-2031F |
6.2.3 Malaysia NFC Market Revenues & Volume, By Auxiliary products, 2021-2031F |
6.2.4 Malaysia NFC Market Revenues & Volume, By Softwares, 2021-2031F |
6.3 Malaysia NFC Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Malaysia NFC Market Revenues & Volume, By Retail, 2021-2031F |
6.3.3 Malaysia NFC Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.4 Malaysia NFC Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Malaysia NFC Market Revenues & Volume, By Residential & Commercial, 2021-2031F |
6.3.6 Malaysia NFC Market Revenues & Volume, By Medical & Healthcare, 2021-2031F |
6.3.7 Malaysia NFC Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.3.8 Malaysia NFC Market Revenues & Volume, By Hospitality, 2021-2031F |
6.3.9 Malaysia NFC Market Revenues & Volume, By Hospitality, 2021-2031F |
7 Malaysia NFC Market Import-Export Trade Statistics |
7.1 Malaysia NFC Market Export to Major Countries |
7.2 Malaysia NFC Market Imports from Major Countries |
8 Malaysia NFC Market Key Performance Indicators |
9 Malaysia NFC Market - Opportunity Assessment |
9.1 Malaysia NFC Market Opportunity Assessment, By Device operating mode , 2021 & 2031F |
9.2 Malaysia NFC Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.3 Malaysia NFC Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Malaysia NFC Market - Competitive Landscape |
10.1 Malaysia NFC Market Revenue Share, By Companies, 2024 |
10.2 Malaysia NFC Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |