Market Research Future published a research report on “Tokenization Market Share Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Tokenization Market Share: Synopsis
The detailed report published by Market Research Future (MRFR) projects that the Tokenization Market Share is marked to expand remarkably at a CAGR of 24.14% during the forecast period of 2017-2023 and reach the market valuation of USD 2341.38 Bn by the end of the review period. Increasing demand for alternatives to optimize the process of online payments, increased payment fraudulence, and rise in demand for tokenization in various end-use industries such as telecom and IT, BFSI, healthcare, automotive and others are majorly propelling the growth of the global tokenization market during the assessment period.
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The Global Players in Tokenization Market Share 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
Tokenization Market Share - Segmentation
The global Tokenization Market Share has been segmented on the basis of component, application area, deployment, organization size, and end-user. Based on component, the global tokenization market has been segmented into professional services, integration services, solution managed services, service, consulting, support and maintenance, training and education, and others. Based on application area, the global tokenization market has been segmented into payment security, compliance management, user authentication, and others. Based on deployment, the tokenization market has been segmented into indoor positioning system, outdoor positioning system, and others. Based on organization size, the global tokenization market has been segmented into Small and Medium-sized Enterprises (SMEs) and Large Enterprises. Based on end-user, the global tokenization market has been segmented into BFSI, telecom and IT, healthcare, government & defense, industrial, commercial, retail, automotive and others.
Global Tokenization Market - Regional Analysis
Geographically, the global tokenization market has been segmented into four major regions such as Asia Pacific (APAC), North America, Europe and the rest of the world. The North America region commands the leading share of the global tokenization market owing to the increased adoption of advanced technology, high demand for a secure platform to carry out large-scale online transactions, increasing awareness regarding cryptocurrency and increased utilization of advanced technology for payment security in this region. Rapid rise in demand for online payment security due to increasing payment fraudulence is inducing high demand for tokenization, leading to the expansion of the tokenization market in the Europe region. Increased adoption of tokenization over end-to-end encryption, high demand for payment security, and rise in payment security risks are propelling the growth of the tokenization market in the Asia Pacific region.
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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
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