Global “Tokenization Solution Market” 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028
The global Tokenization Solution market is expected to register a significant CAGR 22% during the forecast period 2022-2028. According to Market growth reports latest research Tokenization Solution Industry Know-how optimization stages are solutions which deliver an organization the ability to know the requirement of every individual customer and suggestion the best possible experience for them across all touch points.
The Tokenization Solution market is expected to grow significantly at a CAGR of over 22% during the forecast period (2022-2028). 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.
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 2022 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.
Who are some of the Top Manufacture operating in the Tokenization Solution market and how high is the competition 2022?
- 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.
- Tokenex
- LLC
And More
{ Impressive Compound annual growth rate (CAGR) 22% With Multiple million USD }
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Tokenization Solution Market Research Report provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
The report covers the key players of the business including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin Sales with an exhaustive investigation of the market’s competitive landscape and definite data on vendors and thorough subtleties of elements that will challenge the development of significant market vendors.
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Key questions answered in this report: –
- What will the Tokenization Solution market size be in 2028 and what will the growth rate be?
- What are the key Tokenization Solution market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this Tokenization Solution market space?
- What are the Tokenization Solution market opportunities and threats faced by the key vendors?
Top countries data covered in this report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of L.A.)
- Middle East and Africa (Turkey, GCC, Rest of Middle East)
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With tables and figureshelping analyze Global Tokenization Solution Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market
Detailed TOC of 2022- 2028 Tokenization Solution Market Research Report – Regional Analysis, Top Players, Growth, Shares, Revenue
- Introduction
1.1 Study Deliverables
1.2 General Study Assumptions - Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling - Executive Summary
- Market Overview and Trends
4.1 Introduction
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry - Market Dynamics
5.1 Drivers
5.2 Restraints
5.3 Opportunities
5.3.1 Growing Demand
5.3.2 Increasing Demand - Tokenization Solution Market, Segmentation by Material Type
- Tokenization Solution Market, Segmentation by Type
- Tokenization Solution Market, Segmentation by Vehicle Type
- Tokenization Solution Market, Segmentation by Geography
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.1.4 Others
9.2 South America
9.2.1 Brazil
9.2.2 Argentina
9.2.3 Others
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Others
9.4 Europe
9.4.1 United Kingdom
9.4.2 Germany
9.4.3 France
9.4.4 Others
9.5 Africa and Middle East
9.5.1 UAE
9.5.2 South Africa
9.5.3 Saudi Arabia
9.5.4 Others - Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Developments of Key Players - Key Vendor Analysis (Overview, Products and Services, Strategies)
- Future Outlook of the Market
- Disclaimer
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