DUBLIN--(BUSINESS WIRE)--The "Global Tokenization Market By Component, By Application, By Tokenization Technique, By Deployment Type, By Enterprise Size, By End User, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Tokenization Market size is expected to reach $5.8 billion by 2026, rising at a market growth of 20.4% CAGR during the forecast period.
Tokenization is considered as the process that removes the important data from your environment and substitutes it with these tokens. The majority of companies possess at least some confidential data within their systems, whether it is medical information, credit card data, Social Security number, or others that need safety and protection. Tokenization helps in taking out this data from your environment completely, and then it is substituted with tokens that are specific to every sort of information.
The prime factor that boosts the growth of the tokenization market is the rising need of protecting sensitive data & information from compromising. Tokenization refers to the process of substituting data with unique identification symbols which contain all the essential information of the data. The tokenization system has been extensively used in order to retain crucial data information from fraud. Providing protection from hackers & thieves, decreased PCI scope, offer online protection, and internal protection are some of the primary advantages of tokenization. Moreover, some significant factors as a surge in data breach and cyber-attacks across the globe are expected to create growth avenues for the tokenization market. The market is witnessing massive demand due to the extensive application of tokenization in the financial industry. Thus, the tokenization market is anticipated to witness high growth during the forecast period.
The concept of substituting crucial data with unique identification symbols that secure all the necessary information about the data while maintaining high security is termed tokenization. Tokenization enables the reduction of the amount of data an enterprise requires, has gained traction among small & mid-sized businesses to enhance the security of credit card & e-commerce payments while reducing the complexity & cost of compliance with industry norms and government standards.
Companies Mentioned
- Fiserv, Inc.
- Mastercard, Inc.
- Visa, Inc.
- Micro Focus International PLC
- OpenText Corporation (Liaison Technologies)
- American Express Company
- MeaWallet (Invuo Technologies AB)
- CipherCloud, Inc.
- Futurex LP
- TokenEx, LLC
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Dec - 2021, Feb) Leading Players
Chapter 4. Global Tokenization Market by Component
4.1 Global Tokenization Solution Market by Region
4.2 Global Tokenization Services Market by Region
Chapter 5. Global Tokenization Market by Application
5.1 Global Tokenization Payment Security Market by Region
5.2 Global Tokenization User Authentication Market by Region
5.3 Global Tokenization Compliance Management Market by Region
Chapter 6. Global Tokenization Market by Tokenization Technique
6.1 Global API-Based Tokenization Market by Region
6.2 Global Gateway-Based Tokenization Market by Region
Chapter 7. Global Tokenization Market by Deployment Type
7.1 Global On-premise Tokenization Market by Region
7.2 Global Cloud Tokenization Market by Region
Chapter 8. Global Tokenization Market by Enterprise Size
8.1 Global Large Enterprises Tokenization Market by Region
8.2 Global Small & Medium Enterprises Tokenization Market by Region
Chapter 9. Global Tokenization Market by End User
9.1 Global BFSI Tokenization Market by Region
9.2 Global Retail & eCommerce Tokenization Market by Region
9.3 Global Government Tokenization Market by Region
9.4 Global Healthcare Tokenization Market by Region
9.5 Global Telecom & IT Tokenization Market by Region
9.6 Global Energy & Utilities Tokenization Market by Region
9.7 Global Others Tokenization Market by Region
Chapter 10. Global Tokenization Market by Region
10.1 North America Tokenization Market
10.2 Europe Tokenization Market
10.3 Asia Pacific Tokenization Market
10.4 LAMEA Tokenization Market
Chapter 11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/g4lpum
