According to a new market research report "Near Field Communication (NFC) Market by Product (IC/Chips, Tags, Readers, and Auxiliary), Application (Payment, Transportation, Booking, Data Sharing, Service, Access Control, Health Care, and Tag applications) & by Geography - Global Forecasts to 2022", published by MarketsandMarkets, the total NFC Market is expected to reach $16.25 Billion by 2022 at an estimated CAGR of 8.83% from 2014 to 2022.