Tokenization Market Industrial Insights, Growth, Future Trends, Geographic Analysis to 2023

Global Tokenization Market - Overview

Tokenization is the process of replacing sensitive data such as financial credentials with symbols that are unique in retaining the information. The primary objective of tokenization platform is to replace existing payment data from businesses with cryptic tokens which cannot be hacked and store them in the cloud. It also strengthens the security standards on credit card transactions by reducing the complexity of compliance and cost associated with it. Small and medium enterprises are widely adopting tokenization which helps in minimising data stored on-premises. The primary advantage of tokenization is that it helps in keeping the financial data safe from internal and external threats.

The global tokenization market is primarily driven by increasing secured payment transactions among enterprises, reducing frauds, rising adoption in BFSI sector are primarily driving the market. Integration of tokenization with bigdata strengthens the security of the sensitive content which could be an opportunity for the market in the coming years.

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The global The Tokenization market is expected to grow at USD ~$2341.38 Billion by 2023, at ~24.14% of CAGR between 2017 and 2023.

Global Tokenization Market - Segmentation

The Global Tokenization Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;

• Segmentation by component: Comprises solution and services (professional and managed services)
• Segmentation by Application Area: Comprises payment security, user authentication, compliance management and others
• Segmentation by deployment: Comprises on-cloud and on-premise
• Segmentation by organization size: Comprises SME and large enterprises
• Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

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

Global Tokenization Market - Regional Analysis

The global tokenization market is studied for North America, Europe, Asia pacific and rest of the world. North America is estimated to hold major market share during the forecast period. The presence of key players in the region, increase in online transactions and related frauds are driving the market. The rising demand from banking industry is likely to drive the market over the coming years. Asia pacific region is expected to substantial growth rate during the forecast period. The rise in payment transactions across SMEs and rising investments for tokenization solutions are driving the market in this region. The rising awareness of online transactions across untapped economies in developing countries like India and China are fuelling the market growth.

Intended Audience

• System Security
• Software investors
• Government agencies
• Tokenization vendors
• Payment solution providers
• Software vendors
• Value-Added Resellers
• Information Technology security agencies
• Managed Security Service Providers
• Tokenization Service Provider
• Tokenization Agencies
• Technology Integrators
• Research/Consultancy firms
• System integrators

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Table Of Contents

List Of Tables

Table 1 Tokenization Market, By Component

Table 2 Tokenization Market, By Application Area

Table 3 Tokenization Market, By Deployment

Table 4 Tokenization Market, By Organization Size

Table 5 Tokenization Market, By End-User

Table 6 Tokenization Market, By Regions

Table 7 North America Tokenization Market, By Component

Table 8 North America Tokenization Market, By Application Area

Table 9 North America Tokenization Market, By Deployment

Table 10 North America Tokenization Market, By Organization Size

Table 11 North America Tokenization Market, By End User

Table 12 North America Tokenization Market, By Region

Table 13 U.S. Tokenization Market, By Component

Table 14 U.S. Tokenization Market, By Application Area

Table 15 U.S. Tokenization Market, By Deployment

Table 16 U.S. Tokenization Market, By Organization Size

Table 17 U.S. Tokenization Market, By End-User

Table 18 U.S. Tokenization Market, By Region

Table 19 Canada Tokenization Market, By Component

Table 20 Canada Tokenization Market, By Application Area

Table 21 Canada Tokenization Market, By Deployment

Table 22 Canada Tokenization Market, By Organization Size

Table 23 Canada Tokenization Market, By End-User

Table 24 Canada Tokenization Market, By Region

Table 25 Europe Tokenization Market, By Component

Table 26 Europe Tokenization Market, By Application Area

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Ma