New report examines the Global Tokenization Market - Top Key Players are Symantec Corporation, Hewlett-Packard Enterprises, First Data Corporation, 3Delta Systems

Global Tokenization Market Overview:

Tokenization is one of the most common options for data security. In the tokenization process, sensitive data is replaced by non-confidential data that has no intrinsic or exploitable value. These non-sensitive data are called tokens. The tokenization process is implemented through an advanced process of data security, authentication, storage and authorization. Cybercrime is currently a growing threat. Data from financial institutions, the aerospace industry, space and military information are considered sensitive data, which are more likely to be pirated. This confidential information requires enhanced and authenticated security. With advances in tokenization systems, it is easier to convert confidential data into non-confidential data and then restore non-confidential data to confidential data.

Global Tokenization Market Size:

According Research Cosmos, The Global Tokenization Market is expected to increase from USD 825 Million in 2017 to USD 2,260.3 Million by 2022, at a compound annual growth rate of 22.4%.

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Drivers and restrictions:

The growth of the market is driven by the adoption of the tokenization system as the benefits like security and risk mitigation, confidential data replacement by the token, and information isolation and segmentation to be stored in the database. The study indicates that the tokenization market, which includes a cloud segment is expected to be the most dynamic with the implementation of services 24*7, and improved speed management capabilities. This benefits the organizations by taking advantage of data security at the request of the client. It also helps organizations to comply with the normative standards of DSS. The growing technological trend of bringing your own device (BYOD) and choosing your own device (CYOD) has introduced numerous security threats associated with the theft of payment and medical care data. Due to the proliferation of sophisticated cyber threats of critical information, the market is expected to gain more popularity over the next five years.

Geographical segmentation:

The global tokenization market is divided into five regions: North America, Europe, Asia-Pacific, Middle East and Africa (MEA) and Latin America. North America has the dominant market share. North America supports the growing market as the region faces greater payment security challenges and is more compliant with regulations, broadening the scope of the market. The main market players include Symantec Corporation, Hewlett-Packard Enterprises, First Data Corporation, 3Delta Systems and others.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:

Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

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