Tokenization Market: Recent Market Trends and Projected Market Size by 2018 – 2023


Posted March 9, 2018 by AkashSangshetti

Market Research Future published a research report on “Global Tokenization Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

 
Market Scenario:

Tokenization is the process of creating a “token” that process the sensitive data. A Tokenization is a solution that provides real-time payment of data security for all the transactions via smartphones, tablets, laptops, and other devices. The Tokenization is new technology that is driven by the tokenization system as the security and risk reduction benefits sensitive data that is replaced by the token which is isolated and segmented data stored in the database.

The study indicates that the Tokenization market that has cloud segment which is expected to be the fastest-growing deployment and 24/7 services and enhanced speed management capabilities. It benefits the organizations by availing the data security on the customer’s demand. It also helps the organizations to comply with DSS regulatory compliances. The growing technology trend of Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) has introduced many security threats associated with payment and healthcare data theft. Whereas, due to the rise in sophisticated cyber threats of critical information, the market is expected to gain traction in the next 5 years.

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.

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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

Segments:

The global tokenization market has been segmented on the basis of component, application area, deployment, organization Size, end-user and region.

Tokenization Market by Component:

Professional services
Integration Services
Solution
Managed services
Service
Consulting
Support and Maintenance
Training and Education
Others
Tokenization Market by Application Area:

Payment Security
Compliance Management
User Authentication
Others
Tokenization Market by Deployment:

Indoor Positioning System
Outdoor Positioning System
Others
Tokenization Market by Organization Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Tokenization Market by End-User:

BFSI
Telecom and IT
Healthcare
Government & Defense
Industrial
Commercial
Retail
Automotive
Others
Tokenization Market by Region:

North America
Europe
Asia Pacific (APAC)
Rest of the World (ROW)
Regional Analysis:

The regional analysis of Tokenization market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. Growing adaptation of new technology in payment security industry is expected to drive the Tokenization market in North America and has become the leading in countries in the world as payment security reduces the security risk posed by payment data in the systems. It accepts payment securely from online applications. The study reveals that Europe region is also showing a positive growth in the Tokenization market due to the increasing penetration of the Internet and growing payment frauds have led to the growing payment security needs. Whereas, Asia-Pacific countries like China, Japan and India have a fair share in the Tokenization market as the companies have found tokenization to be cheaper, easier to use and more secure than end-to-end encryption due to which it is projected to grow at the highest pace during the forecast period.

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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
Table Of Contents

1 Market Introduction

1.1 Introduction

1.2 Scope Of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure:

1.3.1 Global Tokenization Market : By Component

1.3.2 Global Tokenization Market : By Application Area

1.3.3 Global Tokenization Market : By Deployments

1.3.4 Global Tokenization Market : By Organization Size

1.3.5 Global Tokenization Market : By End User

1.3.6 Global Tokenization Market : By Region

2 Research Methodology

2.1 Research Component

2.2 Primary Research

2.3 Secondary Research

2.4 Forecast Model

3 Market Dynamics

3.1 Introduction

3.2 Market Drivers

3.3 Market Challenges

3.4 Market Opportunities

4 Executive Summary

Market Factor Analysis
Continued…

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Issued By Market Research Future
Country India
Categories Business , Semiconductors
Tags Tokenization
Last Updated March 9, 2018