Tokenization Market Research Report- Forecast 2027

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Tokenization Market Research Report- Forecast 2027

Report / Search Code: MRFR/ICT/2315-HCR Publish Date: February, 2021 Request Sample

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Description: Market Overview:

Tokenization is a process of turning sensitive data into non-sensitive data, and it is called tokens.

Tokenization can be used to replace original data with an unrelated value of the same length of format, and it is used to make the data more secure. The technology field is emerging, and with it, new technologies are invested in creating the world a more secure place with the use of real-time tokenization payment if data security can be done via phones, laptops, tablets, and other devices. With the help of this technology, sensitive data can be replaced by a token that is isolated and secured.

According to a study, the tokenization market has a cloud segment that is expected to grow more. It benefits so many businesses by giving data security to the customers. Nowadays, there are threats associated with your payment, and people are stealing personal data easily. In this case, tokenization comes to the rescue, this technology to giving people more security and stopping cybercrimes. With the rise of cyber threats, the tokenization market is expected to grow more in the coming years.

COVID-19 Analysis:

Covid-19 had a positive impact on the Global Tokenization Market, and the Global Tokenization Market Size is expected to grow from $1.9 billion in 2020 to $4.8 billion by 2025 post-covid. After the covid outbreak, the volume of online payment has increased drastically as people stay indoors and they use online payments for shopping. The increasing number of online payments has led to fraud activities, phishing, counter attacks. As many business organizations are dependent on online payment services, the attackers are attracted to steal sensitive and valuable money-related data. Online shopping has become more popular, and with it, the need for payment security has become important.

Tokenization won’t allow stealing personal data, so it has become a big weapon for all business organizations. People are starting to use tokenization to make their data more secure. So, the Global Tokenization Market is on the rise. COVID-19 created a good impact on the Global Tokenization Market.

Market Dynamics:

Key Drivers of global tokenization Market

Nowadays the cyber-attacks are increasing, and with it, the need to keep data security is also increasing. Data security is one of the major drivers of

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the Global Tokenization Market Size, as it provides security to sensitive data by providing coupons. The covid-19 has put limitations to the use of money due to the chances of covid spreading through surfaces, and an online payment method is the best way to deal with this kind of situation. For online payment, the mobile is the leading choice of people. And with the use of online payment technology, the risk of cyber-attack is also increasing, and people are adapting to the tokenization technology to deal with it. So contactless payment is one of the major drivers for the Global Tokenization Market Growth.

Restraints in the Global Tokenization Market

The lack of knowledge and understanding about the tokens is one of the biggest restraints for the Tokenization Market Growth. People don’t have an idea about how to use tokenization because it is a new technology in the payment security system, so many people are still using the old payment security system, which is more vulnerable as compared to tokenization.

Money is another restraint in the tokenization market because many organizations are not ready to spend money on new technology. But the market is growing, and the drivers are helping it to grow even with the tokenization market restraints.

Challenges in the Global Tokenization Market

There are many challenges the Global Tokenization Market face, such as making people understand the new technology. Many people are not used to this tokenization technology, and therefore they are using the same old technology for their payment, so it becomes a challenge for the tokenization market to make people understand.

Another challenge is to face different cyber-attacks because, with the improvements of technology, the attack levels would also increase, to it becomes a challenge for the tokenization to come up with new solutions to keep the data safe.

Opportunities in the Global Tokenization Market

With the increasing rate of cyber-attacks, it is hard to protect sensitive information. As tokenization replaces the critical information with tokens, it will be hard for the attackers to steal it. Tokenization provides security to important information, so many organizations have started adapting to this technology. Tokenization has become very crucial in just a few years as online payment has been used so much by people these days, and it is creating opportunities for the tokenization market.

Cumulative Growth of Global Tokenization Market

As per the Global Tokenization Market is concerned the key players of tokenization are helping the market to meet the demand for tokenization market. These key players know how important tokenization us and they have understood the value of it. The size of the tokenization market is expanding, and it is expected to grow more in the upcoming days.

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Value Chain Analysis:

The Global Tokenization Market is expected to grow at 24.14% CAGR between 2017-2023, and it is expected to grow at $2341.38 Billion by 2023.

The need to keep crucial data safe is the reason behind the growing demand for the tokenization market.

Tokenization Market

Segment Overview:

The Segmentation of Global Tokenization Market is on the following basis:

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

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Others

By Development

Outdoor positioning system Indoor positioning system Others

By Organization Size

Large enterprises

Small and medium-sized enterprises.

By End-User

Telecom and IT Retail

Industrial Healthcare-

BFSI- BFSI is the target of the criminals as it deals with money, and it has a large number of financial transactions that attract the attackers. So, it always looks for an

advanced option to provide more security to its products, employees, and offices. So, it is using tokenization technology to provide advanced security.

Government and defense- government sectors deal with the daily transaction, and they become the main target of the cyber attackers, so with the use of tokenization, maximum security can be provided to these sectors.

Commercial- commercial and many e- commerce sectors have a huge amount of money transaction on a daily basis, so to ensure its safety, many businesses are adapting to tokenization.

Automotive Others

By Region

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Europe

North America Asia Pacific Rest of the world

Regional Analysis:

The Global Tokenization Market is a part of studies in many regions such as North America, Asia Pacific, Europe, and other regions in the world. The need for adaption to the new technology in the payment industry to make it safer has boosted the tokenization market in North America. North America is the leading country in the world that has reduced the payment risk with the use of tokenization technology. The Europe region is also showing positive growth in the Global Tokenization Market due to the increasing need for payment security. And other regions such as India, China, and Japan have a good share in the Global Tokenization Market, and they have found this technology cheaper and more secure, and the Tokenization Market Sales are going to grow more in these regions.

Competitive Landscape Analysis:

The Global Tokenization Market is very competitive with the key players, and the Global Tokenization Market Key Players play a big role in the growth of the Tokenization Business. Some of the Key Players are:

Symantec Corporation (US), Gemalto NV (Netherlands), Fiserv, Inc. (US),

Paymetric, Inc. (US),

First Data Corporation (US), CipherCloud (US),

(US),

Futurex (US),

CardConnect Corp. (US), 3Delta Systems, Inc. (US), Thales e-Security, Inc. (US), CyberSource Corporation (US), Hewlett-Packard Enterprises (US), Liaison Technologies,

TokenEx LLC (US),

Protegrity USA, Inc. (US), among others

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The Key Players are contributing to the growth of the Tokenization Market, and they are the reason behind the growth of Tokenization Market Sales.

Some of the key payers are First Data Corporation (US), CipherCloud (US), Inc. (US), Futurex (US), CardConnect Corp. (US), 3Delta Systems, Inc. (US), Thales e-Security, Inc. (US), CyberSource Corporation (US), Hewlett-Packard Enterprises (US), and among these key players First Data Corporation (US) contribution the most to the market.

Recent Developments:

In August 2020, to support the launch of their first independent credit card Federal Bank chose Fiserv.

In March 2020, Fiserv acquired Bypass Mobile

In July 2020, Bank of Baroda’s got into a partnership with Fiserv for digital transformation.

Report Overview:

The market scenario highlights the Global Tokenization Market

Covid-19 analysis

Market dynamics explanation

Regional analysis of Global Tokenization Market

Competitive landscape analysis

Recent Developments of the Global Tokenization Market

Segmentation overview

Table of Content: Contents

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

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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 5. Market Factor Analysis 5.1 Porter’s Five Forces Analysis 5.2 Supply Chain Analysis 6 Tokenization Market 6.1 Introduction 6.2 Market Statistics 6.2.1 By Component 6.2.1.1 Solution 6.2.1.2 Service

6.2.1.3 Support And Maintenance 6.2.1.4 Managed Services 6.2.1.5 Consulting

6.2.1.6 Training And Education 6.2.1.7 Integration Services 6.2.1.8 Professional Services 6.2.1.9 Others

6.2.2 By Application Area 6.2.2.1 Payment Security 6.2.2.2. User Authentication 6.2.2.3 Compliance Management 6.2.2.4 Others

6.2.3 By Deployment

6.2.3.1 Indoor Positioning System 6.2.3.2 Outdoor Positioning System 6.2.4 By Organization Size

6.2.4.1. Small And Medium-Sized Enterprises (Smes) 6.2.4.2. Large Enterprises

6.2.5 By End-User

6.2.5.1 Government And Defence 6.2.5.2 Retail

6.2.5.3 Bfsi 6.2.5.4 Education 6.2.5.5 Commercial 6.2.5.6 Healthcare 6.2.5.7 Others 6.2.6 By Region 6.2.6.1 North America 6.2.6.2 Europe 6.2.6.3 Apac 6.2.6.4 Row

7 Company Profiles

7.1 Cybersource Corporation (Us) 7.2 Symantec Corporation (Us) 7.3 Gemalto Nv (Netherlands) 7.4 Cardconnect Corp. (Us) 7.5 Thales E-Security, Inc. (Us) 7.6 3delta Systems, Inc. (Us) 7.7 Ciphercloud (Us)

7.8 Hewlett-Packard Enterprises (Us) 7.9 Liaison Technologies, Inc. (Us) 7.10 Protegrity Usa, Inc. (Us) 7.11 Futurex (Us)

7.12 Fiserv, Inc. (Us) 7.13 Paymetric, Inc. (Us) 7.14 First Data Corporation (Us) 7.15 Tokenex Llc (Us)

7.16 Others 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

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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 Table 27 Europe Tokenization Market, By Deployment Table 28 Europe Tokenization Market, By Organization Size Table 29 Europe Tokenization Market, By End-User Table 30 Europe Tokenization Market, By Region Table 31 Germany Tokenization Market, By Component Table 32 Germany Tokenization Market, By Application Area Table 33 Germany Tokenization Market, By Deployment Table 34 Germany Tokenization Market, By Organization Size Table 35 Germany Tokenization Market, By End-User Table 36 Germany Tokenization Market, By Region Table 37 France Tokenization Market, By Component Table 38 France Tokenization Market, By Application Area Table 39 France Tokenization Market, By Deployment Table 40 France Tokenization Market, By Organization Size Table 41 France Tokenization Market, By End-User Table 42 France Tokenization Market, By Region Table 43 U.K. Tokenization Market, By Component Table 44 U.K. Tokenization Market, By Application Area Table 45 U.K. Tokenization Market, By Deployment Table 46 U.K. Tokenization Market, By Organization Size Table 47 U.K. Tokenization Market, By End-User Table 48 U.K. Tokenization Market, By Region

Table 49 Rest Of Europe Tokenization Market, By Component Table 50 Rest Of Europe Tokenization Market, By Application Area Table 51 Rest Of Europe Tokenization Market, By Deployment Table 52 Rest Of Europe Tokenization Market, By Organization Size Table 53 Rest Of Europe Tokenization Market, By End-User Table 54 Rest Of Europe Tokenization Market, By Region Table 55 Asia-Pacific Tokenization Market, By Component Table 56 Asia-Pacific Tokenization Market, By Application Area Table 57 Asia-Pacific Tokenization Market, By Deployment Table 58 Asia-Pacific Tokenization Market, By Organization Size Table 59 Asia-Pacific Tokenization Market, By End-User Table 60 Asia-Pacific Tokenization Market, By Region Table 61 Rest Of World Tokenization Market, By Component Table 62 Rest Of World Tokenization Market, By Application Area Table 63 Rest Of World Tokenization Market, By Deployment Table 64 Rest Of World Tokenization Market, By Organization Size Table 65 Rest Of World Tokenization Market, By End-User Table 66 Rest Of World Tokenization Market, By Region List Of Figures

Figure 1 Research Methodology

Figure 2 Tokenization Market: By Component (%) Figure 3 Tokenization Market: By Application Area (%) Figure 4 Tokenization Market: By Deployment (%) Figure 5 Tokenization Market: By Organization Size (%) Figure 6 Tokenization Market: By End-User (%) Figure 7 Tokenization Market: By Region (%)

Figure 8 North America Tokenization Market, By Component (%) Figure 9 North America Tokenization Market, By Application Area (%) Figure 10 North America Tokenization Market, By Deployment (%) Figure 11 North America Tokenization Market, By Organization Size (%) Figure 12 North America Tokenization Market, By End-User (%) Figure 13 North America Tokenization Market, By Region (%) Figure 14 Europe Tokenization Market, By Component (%) Figure 15 Europe Tokenization Market, By Application Area (%) Figure 16 Europe Tokenization Market, By Deployment (%) Figure 17 Europe Tokenization Market, By Organization Size (%) Figure 18 Europe Tokenization Market, By End-User (%) Figure 19 Europe Tokenization Market, By Region (%) Figure 20 Asia-Pacific Tokenization Market, By Component (%) Figure 21 Asia-Pacific Tokenization Market, By Application Area (%) Figure 22 Asia-Pacific Tokenization Market, By Serives (%)

Figure 23 Asia-Pacific Tokenization Market, By Organization Size (%) Figure 24 Asia-Pacific Tokenization Market, By End-User (%) Figure 25 Asia-Pacific Tokenization Market, By Region (%) Figure 26 Row Tokenization Market, By Component (%) Figure 27 Row Tokenization Market, By Application Area (%) Figure 28 Row Tokenization Market, By Deployment (%) Figure 29 Row Tokenization Market, By Organization Size (%) Figure 30 Row Tokenization Market, By End-User (%) Figure 31 Row Tokenization Market, By Region (%)

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