Apr 16, 2021 (AmericaNewsHour) -- Kenneth Research has published a detailed report on Tokenization Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
The Global Tokenization Market was valued at USD 685.78 million in 2016 and is projected to reach USD 4272.54 million by 2025, growing at a CAGR of 22.54% from 2017 to 2025.
Tokenization is the process of replacing sensitive data with unique identification symbols that retain all the essential information about the data without compromising its security. Tokenization makes it more difficult for hackers to gain access to usersaEUR
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Increasing adoption of contactless payments
1.2 Emergence of tokenization-as-a-service model
1.3 Increasing credit card fraudulent activities
1.4 Increasing demand for payment security for digital e-commerce
1.5 Growing demand for PCI-DSS compliance
2. Market Restraints
2.1 Budget constraints
2.2 Poor knowledge about security tokens among end user
2.3 Competition with traditional IT security Systems
The Global Tokenization Market is segmented on the application area, component, organization size, deployment model, vertical, and region.
1. By Application Area:
1.1 Compliance Management
1.2 User Authentication
1.3 Payment Security
2. By Component:
2.2.1 Managed services
2.2.2 Professional services
220.127.116.11 Training and Education
18.104.22.168 Integration Services
22.214.171.124 Support and Maintenance
3. By Organization Size:
3.1 Large Companies
3.2 Small and Medium Businesses
4. By Deployment Model:
5. By Vertical:
5.1 Telecom and IT
5.5 Banking, Financial Services, and Insurance (BFSI)
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Tokenex, LLC
2. Paymetric, Inc.
3. Liaison Technologies, Inc.
5. Hewlett Packard Enterprise
7. Symantec Corporation
8. First Data Corporation
9. Gemalto NV
10. Cardconnect Corp.
12. Thales E-Security, Inc.
13. Protegrity Usa, Inc.
14. 3delta Systems, Inc.
15. Fiserv, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:Research study on the Global Tokenization Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
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The post Tokenization Market Size, Outlook, Trend and Forecast,2021-2025 | Says Kenneth Research appeared first on America News Hour .
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