Future growth of Tokenization Market with key players First Data, Gemalto , Fiserv , Micro Focus, Symantec , Thales e-Security, Visa , Wex , Worldpay , Dell Technologies and Others

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The Tokenization Market size is estimated to grow from US$ 983 Million in 2018 to US$ 2,670 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 22.1% during the forecast period. The factors expected to drive the tokenization market arethe growing need to protect cardholders’ data byfollowing PCI DSS guidelines and increasing payment frauds that need to be prevented.

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The Tokenization Market by service includes professional and managed services. Furthermore, the professional services include consulting, training and education, and support and maintenance. These services help clients understand their solutions and related processes. The solution segment is expected to hold a larger market size during the forecast period.

“Increasing strict regulatory compliances and payment frauds in SMEs are expected to drive the growth of the SMEs segment during the forecast period”
The SMEs segment is expected to grow at a higher CAGR, owing to the rising deployment of the tokenization solution by SMEs to proactively protect their payment transactions. SMEs are small in terms of their size, but cater to a large number of customers globally. The Robust and comprehensive tokenization solution is not implemented in SMEs, due to financial constraints in these organizations. Weak cyber security and low budget make the SMEs more susceptible to data breaches and identity thefts.

“Asia Pacific (APAC) is expected to have the highest CAGR during the forecast period”
APAC includes major economies, such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying the tokenization solution. APAC is expected to grow at the highest CAGR during the forecast period. The APAC tokenization market is gaining traction, as it provides proactive security measures for securing the account information. SMEs as well as large organizations in the APAC region have become more aware of tokenization services and started adopting them to combat cyber frauds and data thefts.

The Study Objectives of this report are:

• To analyze the market opportunities for stakeholders by identifying the high-growth segments of the tokenization market

• To provide detailed information about major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the tokenization market

• To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market

• To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations, in the global tokenization market

• To profile the key players in the tokenization market and comprehensively analyze their market size and core competencies

Reason to buy this report:
The report would help the market leaders/new entrants in this market with information about theclosest approximations of the revenue numbers for the overall tokenizationmarket and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to better their positions and plan suitable go-to-market strategies.

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#Top Key Players in the Tokenization Market include are First Data (US), Gemalto (Netherlands), Fiserv (US), Micro Focus (UK), Symantec (US), Thales e-Security (US), Visa (US), Wex (US), Worldpay (US), Dell Technologies (US), CipherCloud (US), Futurex (US), Liaison Technologies (US), Protegrity (US), TokenEx (US), Bluefin (US), Sequent Software (US), Discover Financial Services (US), Carta Worldwide (Canada), Merchant Link (US), Ingenico ePayments (US), Rambus (US), Mastercard (US), Verifone (US), and IP Solution International (Australia).

Competitive Landscape
1 Introduction
1.1 Major Player’s Microquadrant
1.1.1 Vanguards
1.1.2 Innovators
1.1.3 Dynamic
1.1.4 Emerging
1.1.5 Competitive Benchmarking
1.1.6 Analysis of Product Portfolio of Major Players in Tokenization Market
1.1.7 Business Strategies Adopted By Major Players in Tokenization Market
1.2 Start-Up Microquadrant
1.2.1 Highflyers
1.2.2 Ready to Fly
1.2.3 Emerging Wings
1.2.4 Developing Roots

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