Press release
Tokenization Market to Witness Huge Growth by Key Players: First Data, Gemalto, Fiserv, Micro Focus, Symantec and Others.
The research reports on “Tokenization Market” report gives detailed overview of factors that affect global business scope. Tokenization Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors.The Tokenization Market size is estimated to grow from USD 983 Million in 2018 to USD 2,670 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 22.1% during the forecast period.
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Top Companies Profiled in the Tokenization Market:
• 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)
• IP Solution International (Australia)
“The service segment is expected to grow at a higher CAGR during the forecast period”
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.
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Table of Contents:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Regions Covered
1.5 Years Considered for the Study
1.6 Currency Considered
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.1.2.3 Market Breakup and Data Triangulation
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Assumptions for the Study
2.3.1 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in Tokenization Market
4.2 Tokenization Market, By Component, 2018–2023
4.3 Tokenization Market, By Service, 2018–2023
4.4 Tokenization Market, By Professional Service, 2018–2023
4.5 Tokenization Market, By Application Area, 2018–2023
4.6 Tokenization Market, By Deployment Type, 2018–2023
4.7 Tokenization Market, By Organization Size, 2018–2023
4.8 Tokenization Market, By Vertical, 2018–2023
4.9 Lifecycle Analysis, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Mandate to Follow Pci-Dss Guidelines and Protect Cardholders’ Data
5.2.1.2 Increasing Payment Frauds and the Need to Protect Them
5.2.1.3 Emergence of Targeted Attacks and Ubiquitous Apts
5.2.2 Restraints
5.2.2.1 Organization’s Inability to Afford Robust Tokenization Solutions
5.2.2.2 Addressing Vulnerabilities According to Emv Standards
5.2.3 Opportunities
5.2.3.1 Demand for Cloud-Based Tokenization Solutions Among SMEs
5.2.3.2 Increase in Adoption of Contactless Payment Solutions
5.2.4 Challenges
5.2.4.1 Lack of Knowledge About Security Tokens Among End-Users
5.3 Regulatory Landscape
5.3.1 Payment Card Industry Data Security Standard
5.3.2 General Data Protection Regulation
5.3.3 Health Insurance Portability and Accountability Act/Hitech Compliance
5.3.4 Federal Information Security Management Act
5.3.5 Gramm–Leach–Bliley Act
5.3.6 Sarbanes–Oxley Act
5.4 Innovation Spotlight
5.4.1 3delta Systems
5.4.2 Futurex
5.4.3 Paymetric
5.4.4 Gemalto
5.5 Use Cases
5.5.1 Adoption of Tokenization Solution By an Ecommerce Organization in the United States
5.5.2 Reliance on Tokenization Solution By the Hospitality Sector in North America
5.5.3 Adoption of Tokenization Solutions in the Healthcare Industry to Improve Data Security
5.5.4 Adoption of Tokenized Payments in the European Retail Sector for Reducing Frauds
5.5.5 Adoption of Tokenization Solutions By A Major It and Telecom Company in the Us
5.6 Top Application Analysis
5.7 Top Vertical Analysis
5.8 Top Region Analysis
5.9 Innovation Spotlight
5.10 Tokenization Architecture
5.11 Tokenization vs Encryption
….And More
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