Tokenization Market Size, In-Depth Assessment, CAGR, Trends, Demand, and Opportunity Analysis 2027
Research Reports
Mar 08, 2022
Global Tokenization Market Overview
Tokenization is the process of creating a ‘token’ that processes sensitive data. Tokenization refers to a solution that provides real-time payment of data security for all transactions using tablets, smartphones, laptops, and other electronic devices. Tokenization is a relatively new technology that is majorly driven by the tokenization system such as the security reduction and risk reduction benefits sensitive data replaced by the token, which is then isolated and segmented data that is stored in the database. Market Research Future (MRFR) has studied the global Tokenization Market over the forecast period of 2017-2023 and presented this in the form of a market research report. By taking into account market share and market trend, the research report offers Tokenization industry size, growth, sales, market revenue, and future aspects of market growth.
This report by Market Research Future (MRFR) has suggested that the global tokenization market is likely to witness fast-paced growth, ascending at 24.14?GR during the defined review period. Upscaling demand for alternatives for optimization of the online payment process, ascending payment fraudulence, and a mounting demand for tokenization in different end-user industries such as IT and telecom, BFSI, automotive and healthcare are some of the prominent factors contributing to the ascension of the global tokenization market over the forecast period. The global tokenization market is also expected to garner a robust market revenue valuation of USD 2341.38 billion by the end of the forecast period.
Tokenization Market Segmentation
The global tokenization market is studied for various segments that are based on component, application area, deployment, organization size, end-user, and region.
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By Component
- Solution
- Service
- Managed services
- Professional services
- Integration services
- Consulting
- Support and maintenance
- Training and education
- Others
By Application Area
- Payment security
- User authentication
- Compliance management
- Others
By Development
- Outdoor positioning system
- Indoor positioning system
- Others
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By Organization Size
- Large enterprises
- Small and medium-sized enterprises.
By End-User
- Telecom and IT
- Retail
- Industrial
- Healthcare
Tokenization Market Key Players
The prominent players in the tokenization market are –
- Symantec Corporation (US)
- Gemalto NV (Netherlands)
- CardConnect Corp. (US)
- Thales e-Security, Inc. (US)
- CyberSource Corporation (US)
- 3Delta Systems, Inc.(US)
- CipherCloud (US)
- Hewlett-Packard Enterprises (US)
- Liaison Technologies, Inc.(US)
- Futurex (US)
- Fiserv, Inc. (US)
- Paymetric, Inc. (US)
- First Data Corporation (US) and
- TokenEx LLC (US)
- Protegrity USA, Inc. (US) among others.
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Tokenization Market Regional Analysis
The global tokenization market has been analyzed for the regional segmentation of North America, South America, Asia Pacific, Europe, and the Middle East & Africa. North America is anticipated to lead the global tokenization market over the forecast period. This can be attributed to the increasing penetration of the internet and upscaling payment frauds that have led to a mounting need for payment security.
On the other hand, Asia Pacific is anticipated to garner faster growth rate over the forecast period. This can be owed to the fast-paced economic development in various emerging countries such as India, China, and Japan. This can also be accredited to the fact that companies residing in these regions are cheaper, easier to use, and more secure as compared to end-to-end encryption. These factors are promoting the regional market for tokenization solutions to ascend at the fastest rate over the forecast period.
Major Points Covered in the Report:
- The Tokenization research study offers a detailed investigation of the market prospects and the market revenues.
- The geographical analysis portion of the Tokenization report offers data on product sales by volume and revenue by region. It provides new entrants, rising enterprises, and big players in the region with potential prospects.
- It examines the global market’s current state, market trends, and potential. The research provides information on current and prospective industry trends in the Tokenization market.
- It provides a detailed assessment of the global market’s Tokenization market trends.
Contact Information:
Contact: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
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