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Tokenization Market Growth by 2027: Global Share, Regional Analysis and Recent Developments

03-05-2020 10:54 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Tokenization Market

Tokenization Market

Tokenization refers to data security systems, which generate a unique ID to avoid unauthorized access to sensitive information. Moreover, increase in banking applications and rise in credit card holders boost the tokenization market. In banking sector, huge revenue is invested on stakes and the data is crucial, thus tokenization is required from security perspective. In the recent years, technology companies have incorporated tokenization system to safeguard the customers information.

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The global tokenization market is driven by safeguarded customer data, use of digital payments, reduced risk, and cautiousness of banks toward frauds. However, tokenization systems require large data space, which restrains the growth of the market. Moreover, use of big data to store unique transaction IDs globally is expected to provide new opportunities in the market.

The global tokenization market is segmented based on type, industry vertical, and geography. Based on type, it is categorized into cloud services and on-premises. Based on the industry vertical, it is classified into IT & telecommunication, retail, healthcare, automotive, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The major players profiled in the report include Hewlett Packard Enterprise Development LP, CyberSource, First Data Corporation, CipherCloud, Liaison Technologies, Gemalto NV, Symantec Corporation, Paymetric.com, CardConnect, and Thales e-Security, Inc.

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Key Benefits
o The study provides an in-depth analysis of the global tokenization market to elucidate the prominent investment pockets from 2020 to 2027.
o Current trends and future estimations are outlined to determine the overall market scenario.
o The report provides information about the key drivers, restraints, and opportunities with a detailed impact analysis.

Tokenization Market Key Segments:
By Type
o Cloud
o On-premises

By Industry Vertical
o IT & Telecommunication
o Retail
o Healthcare
o Automotive
o Others

By Geography
o North America
o Europe
o Asia-Pacific
o LAMEA

Key Players
o Hewlett Packard Enterprise Development LP
o CyberSource
o First Data Corporation
o CipherCloud
o Liaison Technologies
o Gemalto NV
o Symantec Corporation
o Paymetric.com
o CardConnect
o Thales e-Security, Inc.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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