Tokenization Market Growth by 2027: Global Share, Regional Analysis and Recent Developments
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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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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 Industry Vertical
o IT & Telecommunication
o North America
o Hewlett Packard Enterprise Development LP
o First Data Corporation
o Liaison Technologies
o Gemalto NV
o Symantec Corporation
o Thales e-Security, Inc.
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