1. Science / Technology

Tokenization Market Insights, Future Growth, Top Companies, SWOT Analysis and Market Trends

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The Tokenization market is witnessing rapid traction. The market growth attributes to the increasing demand for secured payment security approaches to control rising online fraudulent cases. Rising preference for online shopping has led to the wide penetration of Internet usages and growing eCommerce business that allows online shopping sitting at the convenience of home. 

This invariably allows equal opportunities for cybercriminals to conveniently breach codes of payment gates, making the systems vulnerable to their tricks. Technological advancements prove to be a two-edged sword allowing criminals to find new ways to crack the codes to replace authorized merchants' codes with dummies, gaining access to consumers' data and bank accounts.

The Tokenization market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis and expert review. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Moreover, the fastest-growing deployment of Tokenization in increasing numbers of organizations to obtain enhanced speed management capabilities to provide 24/7 purchasing services escalate the market demand. In its recently published analysis, Market Research Future (MRFR) asserts that the Tokenization market is expected to perceive accruals of USD 2341.38 BN by 2023, growing approximately at 24.14% CAGR throughout the forecast period (2017 to 2023).

Additionally, the advantages of Tokenization that offer organizations the data security on the customer's demand and helps with DSS regulatory compliances influence market growth. Growing eCommerce & mCommerce industries, coupled with the online payment services offered by various service providers like utilities, gas, telecom, etc., are creating more opportunities for Tokenization fueling market growth. Improvement in outsourcing payment solution has grabbed the organization's attention towards the Tokenization.

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Rising security concerns in banking activities are one of the key market growth propellers. Wide penetration of smartphones contributes to the tokenization market growth to an extent. Furthermore, the proliferation of Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) trends push the market growth, introducing many security threats associated with payment and data theft. Based on component, integration services is the largest segment in the global Tokenization market.

Tokenization Market Opportunities

Growing Adoption of Open-Banking APIs to offer Robust Opportunities

The growing adoption of open-banking APIs will offer robust opportunities for the market in the forecast period. The open banking mechanism helps third-party service providers to access financial information securely of customers and in real-time through APIs. Through this approach, banks can offer tailor-made financial products especially payment solutions to their customers.

Tokenization Market – Competitive Analysis 

The tokenization market appears to be competitive due to the presence of several well-established players. These players initiate strategic moves such as mergers & acquisitions, collaboration, innovation, and brand reinforcement to gain a larger competitive share. The market would witness intensified competition with innovations and an increase in R&D investments and M&A. 

Tokenization Market Key Players:

Players leading the global tokenization market are –

  • Gemalto NV (Netherlands)
  • Symantec Corporation (US)
  • CardConnect Corp. (US)
  • CyberSource Corporation (US)
  • Thales e-Security Inc. (US)
  • 3Delta Systems Inc.(US)
  • Hewlett-Packard Enterprises (US)
  • CipherCloud (US)
  • Liaison Technologies Inc.(US)
  • Fiserv Inc. (US)
  • Futurex (US)
  • Paymetric Inc. (US)
  • TokenEx LLC (US)
  • First Data Corporation (US)
  • Protegrity USA Inc. (US) 

Tokenization Market – Segmentation

The report is segmented into six dynamics; 

By Component :    Solutions (indoor positioning system, outdoor positioning system, others) and Services (Professional, Integration, Managed, Consulting, Support & Maintenance, and Training & Education, and other services). 

By Application AreaPayment Security, Compliance Management, User Authentication, and others. 

By Deployment : On-Cloud and On-Premises. 

By Organization SizeSmall & Medium-sized Enterprises (SMEs) and Large Enterprises. 

By End-User BFSI, IT & Telecom, Healthcare, Government & Defense, Industrial, Commercial, Retail, Automotive, and others. 

By Regions :  North America, Europe, APAC, and Rest of the World.

Get Complete Report Details @ https://www.marketresearchfuture.com/reports/tokenization-market-3206

Tokenization Market – Regional Analysis 

North America dominates the global tokenization market. The largest market share attributes to the growing adoption of advanced technologies in the payment security industry. Besides, the rising demand for secured processes to accept payment securely from online applications drives the market's growth. Moreover, the proliferation of payment security that reduces the security risk posed by payment data in the systems boost the growth of the regional market. 

Europe stands second in the global tokenization market. This market is gaining momentum as businesses in the region are constantly monitoring new developments, shaping their PCI DSS technology. Additionally, the market is driven by the increasing penetration of the Internet and payment security needs. 

The Asia Pacific tokenization market is also showing positive growth.  Factors such as the rising preference for mobile payments and fraudulent cases of online payments influence the regional market's growth. China, Japan, and India hold a notable share in the regional market as the companies in these countries have found Tokenization to be a cheaper, easier to use, and more secure solution than end-to-end encryption payment processes.

Key Points Covered in the Report:

  • The Tokenization research assesses the industry’s share in terms of demand and supply, as well as volume.
  • The study mentions the market share acquired by each product category in terms of consumption value and volume.
  • The report meticulously discusses financial records of cumulative sales and overall income gathered by each product category.
  • The study includes information on the major organizations’ sales, product pricing methods, revenue shares, and gross margins.
  • The operational base of the listed enterprises throughout many locations, as well as their distribution methods, is considered.
  • There is also information on the market concentration ratio, partnerships, alliances, acquisitions, new rivals, and other significant changes.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.


Market Research Future (Part of Wantstats Research and Media Private Limited)

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New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com


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