Shipments of NFC-Capable Smartphones to Jump 55.8% Annually Through 2019, Report Says

Shipments of smartphones with near-field communications capability built in will jump at a 55.8 percent compound annual growth rate through 2019, said a report available for sale from the research firm TechNavio. NFC technology "has revolutionized the ways in which people access and use data and information," the report said. "NFC-enabled devices can be used for applications such as mobile payment, loyalty programs, interactive advertising, ID authentication, and transit fare collection."