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Tokenization Solution Market Analysis 2022 With Top Leaders, Size, Share, Growth, Technical Industry Vision Throughout the World till 2027

The Tokenization Solution Market report provides the size of Tokenization Solution industry and its CAGR and forecasts till 2027. report will give the user confidence to make the correct business decisions based on a detailed analysis of the Tokenization Solution market trends for the coming five years

Tokenization Solution Market” expected to grow considerably in the forecast period 2022- 2027. COVID-19 can affect the economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The report offers a dashboard overview of leading companies like: Paymetric, Inc., Protegrity USA, Inc.,…, encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

The Tokenization Solution market is expected to grow significantly at a CAGR of over 22% during the forecast period (2021-2027). The scope includes different Deployment modes of tokenization Solution market, such as on cloud. The regions considered under the scope of the report include North America, Europe, Asia-Pacific, South America, and Middle East and Africa.

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Company Coverage: –

– PaymetricInc.

– Protegrity USAInc.

– Symantec Corporation

– Gemalto NV

– Hewlett Packard Enterprise

– First Data Corporation

– Cardconnect Corporation

– Thales E-SecurityInc.

– 3delta SystemsInc.

– Ciphercloud Incorporation

– Cybersource Corporation

– Liaison Technologies Inc

– FiservInc.

– Tokenex

– LLC

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Market Players Competitor Analysis:

Tokenization Solution market is now gaining traction in various end-user industries, and has caught the eye of various organizations for better data security. Some of the prominent trends that the market is witnessing include, increasing adoption among payments gateways, and growing government regulations regarding usage of personal information are some main reasons owing to growth of tokenization solution market.

However, concerns associated with data security, addressing vulnerabilities from EMV standards and with lack of expertise and lack of awareness regarding benefits offered by tokenization Solutions are some of the major hindrance for the growth of Tokenization Solution market.

Growing Demand for Secure Payment Gateways

The growing data breaching cases have created the demand for secure payments gateway, which is a major factor driving the demand for tokenization solution. According to Identity Theft Resource Center (ITRC), the data breaching cases in 2017 in USA increase by 44.7% as compared to 2016. Nearly 20% of breaches included credit and debit card information, an almost 6% increase from last year. Approximately 37% of all credit card fraud in the U.S. is related to counterfeit cards. These growing data breach cases are also increasing the financial losses due to it. Hence, thriving the demand for tokenization solution. As the need for payment security will be increased due to growing e-commerce sector and increasing digitization in the healthcare industry, the market for tokenization solution is estimated to grow significantly for the forecast period.

The Adoption is fastest on the Cloud Solutions

The adoption of tokenization solution is fastest on the cloud for the forecast period. The cloud offers many advantages over on-premises and is more accessible and less costly to deploy and maintain. It provides more flexibility and scalability and delivers product updates more regularly with little to no IT involvement. The growing cloud service providers are also helping SME’s to adopt tokenization solution. Though the data in the cloud is more expose to breach case, growing advancement in cloud industry has also encouraged enterprises to shift their data to the cloud model. Hence the adoption of cloud-based tokenization solution will grow at a faster rate as compared to on-premises, for the forecast period.

North America is dominating the Tokenization Solution Market

North America is the dominating region in tokenization solution market, owing to the earliest adoption of advanced technology in the payment gateway industry. Most of the tokenization solution vendors are American based, hence accounting the major portion of the revenue of tokenization solution market. The adoption of cloud technology is highest in the region, a vital reason for growing adoption of tokenization solution. The region is also the home of all the major e-commerce major companies, where the adoption of tokenization solution is highest. The significant growth of retail and e-commerce industry in the region is further estimated to grow tokenization solution market. BFSI sector has also shown healthy growth in the region. The highest adoption of blockchain technology in the region is estimated to further expand the tokenization solution market significantly.

Notable Developments in the Market

• May 2021: Symantec Corp., the world’s leading cyber security company, announced the opening of a new privacy research center, based in Saarbrucken, Germany. The new location’s effort is two-fold, to give consumers greater control over their personal data and their online “footprints,” and provide governments and corporations additional tools to help them be responsible custodians of data they handle.

Major Players: PAYMETRIC, INC., PROTEGRITY USA, INC., SYMANTEC CORPORATION, GEMALTO NV, HEWLETT PACKARD ENTERPRISE, FIRST DATA CORPORATION , CARDCONNECT CORPORATION, THALES E-SECURITY, INC., 3DELTA SYSTEMS, INC., CIPHERCLOUD INCORPORATION, CYBERSOURCE CORPORATION, LIAISON TECHNOLOGIES INC, FISERV, INC., and TOKENEX, LLC, amongst other.

To Understand How COVID-19 Impact is Covered in This Report. Get Sample copy of the report at –https://www.marketreportsworld.com/enquiry/request-covid19/12347039

Reasons to Purchase this Report:

  • To examine the increased usage of Tokenization Solution in Industry that affect the global market scenario
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • To know the modality and application that are expected to dominate the market
  • To know the regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by major market players

Customization of the Report:

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

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Regional Analysis: –

– North America

– Asia-Pacific

– Europe

– South America

– Africa

Some Major Points from TOC: –

1. Introduction
1.1 Key Study Deliverables
1.2 Market Definition
1.3 Study Assumptions
2. Research Methodology
3. Executive Summary
4. Market Insights
4.1 Market Overview
4.2 Industry Attractiveness- Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of Substitute Products
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Technology Snapshot
4.4 Patents
4.5 Industry Policies
5. Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Secure Payment Gateways
5.1.2 Rising Adoption in E-commerce and Mobile payments
5.1.3 Growing Government Regulations On Data Security
5.2 Market Restraints
5.2.1 Addressing Vulnerabilities From EMV Standards
5.2.2 Lack of Awareness Due to Similar Products
5.3 Opportunity
5.3.1 Growing Adoption Blockchain Technology
5.3.2 Growing Demand for NFC technologies and Tokenization-As-A-Service Model
6. Tokenization Solution – Market segmentation
6.1 By Type
6.1.1 Solutions
6.1.2 Services
6.2 By Deployment
6.2.1 On-Premises
6.2.2 Cloud
6.3 By End-user Industry
6.3.1 Retail and E-commerce
6.3.2 Transportation and Logistics
6.3.3 BFSI
6.3.4 IT and Telecommunication
6.3.5 Healthcare
6.3.6 Government
6.3.7 Energy and Utilities
6.3.8 Others
6.4 By Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 Middle East and Africa
6.4.5 Latin America
7. Key Vendors
7.1 Paymetric, Inc.
7.2 Protegrity USA, Inc.
7.3 Symantec Corporation
7.4 Gemalto NV
7.5 Hewlett Packard Enterprise
7.6 First Data Corporation
7.7 Cardconnect Corporation
7.8 Thales E-Security, Inc.
7.9 3delta Systems, Inc.
7.10 Ciphercloud Incorporation
7.11 Cybersource Corporation
7.12 Liaison Technologies Inc
7.13 Fiserv, Inc.
7.14 Tokenex, LLC
*List not exhaustive
8. Investment Analysis
9. Future OutlookAAAA

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