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According to Research, the Tokenization market is expected to grow from $697.68 million in 2016 to reach $2,466.48 million by 2023 with a CAGR of 19.8%. The increasing amount of data and growing need to manage sensitive data of customers coupled with stringent compliances is forcing organizations to adopt tokenization solutions. Compliance management and payment security among applications are some of the major factors supporting market growth due to growing eCommerce sector and digitization in the healthcare industry.
Cloud deployment segment is estimated to hold the largest market share owing to more deployment of cloud infrastructure among the Small & Medium sized enterprises making them focus on their core competencies. Payment security application segment is estimated to be the largest market holder, the increasing complexitites in paymane across the globe had made this change vast and countable. North American market is holding tha largest share in the regional market due to the presence of large number of tokenization vendors in the market.
Some of the key players in the Tokenization market include 3delta Systems, Inc., Cardconnect Corp., Ciphercloud, Cybersource, First Data Corporation, Fiserv, Inc., Futurex, Gemalto NV, Hewlett Packard Enterprise, Liaison Technologies, Inc., Paymetric, Inc., Protegrity Usa, Inc., Symantec Corporation, Thales E-Security, Inc. and Tokenex, LLC.
Applications Covered:
• Compliance Management
• Payment Security
• User Authentication
End-Users Covered:
• Automotive
• Banking, Financial Services, and Insurance
• Education
• Energy & Utilities
• Government
• Healthcare
• IT & Telecom
• Retail
• Other End-Users
Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises
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Components Covered:
• Services
• Solution
Deployment Types Covered:
• Cloud
• On-Premises
Following Regions are Covered in the Study:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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