Tokenization Market Is Expected To Rise To An Estimated Value Of USD 4495.79 Million By 2026
Global tokenization market is expected to rise to an estimated value of USD 4495.79 million by 2026, registering a healthy CAGR of 22.45% in the forecast period of 2019-2026. Rising demand for standalone tokenization services and cloud- based tokenization solutions is the major factor for the growth of this market.
Market Definition: Global Tokenization Market
Tokenization is specially designed security systems which are specially designed to avoid the unauthorised access to the important data and information. It protects all the data during transaction which can be done through smartphones, laptops, tablets etc. Application programming interface and gateway- based are the two of the common tokenization technique. These techniques are widely used in the industries like automotive, IT and Telecom, healthcare, government etc. Increasing payments frauds are the major fuelling the growth of this market.
Increasing compulsion to follow PCI-DSS Guidelines is driving the growth of this market
Rising payment frauds is driving the market growth
Growing prevalence for cloud-based tokenization solutions is another factor driving the market growth
Rising demand for contactless payment solutions is driving the market growth
Dearth of knowledge about security tokens among population is restraining the market growth
Increasing organization inability to afford strong tokenization solutions is restraining market.
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Segmentation: Global Tokenization Market
Training and Education
Support and Maintenance
By Application Area
By Tokenization Technique
Application Programming Interface (API)-Based
By Deployment Mode
By Organization Size
Small and Medium-Sized Enterprises
Financial Services, and Insurance
IT and Telecom
Energy and Utilities
Rest of South America
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
United Arab Emirates
Rest of Middle East and Africa
Key Developments in the Market:
In May 2019, Blockstream announced the launch of their new platform that will help the user to use their new token to utilizing its bitcoin sidechain, Liquid. This will help in faster coin transfer and better built-in privacy. It will also provide Liquid API security to the compliances and legal services.
In April 2019, MeaWallet announced the launch of their new tokenization solutions so that they can provide visa, American Express tokenization and Mastercard by using a single connection which will also help them to connect easily to the merchants, PSPs and acquirers. The main aim of the launch is to support the transactions of the e-commerce merchants.
Competitive Analysis: Global Tokenization Market
Global tokenization market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tokenization market for global, Europe, North America, Asia-Pacific and South America.
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Major Market Competitors/Players: Global Tokenization Market
Few of the major competitors currently working in the global tokenization market are First Data Corporation, Gemalto, Fiserv, Inc, Micro Focus, Symantec Corporation, Thales eSecurity, WEX Inc., CipherCloud, Futurex, OpenText Corp., Worldpay, Protegrity USA, Inc., TokenEx, Bluefin Payment Systems, Sequent Software Inc, Discover Bank, Carta Worldwide, Ingenico Group., Verifone., Mastercard., Merchant Link, Rambus.com.
The Tokenization market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Tokenization market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Tokenization market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Tokenization market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Tokenization market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Tokenization capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Tokenization by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Tokenization market. These figures have been provided in terms of both revenue and volume for the period 2020 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Tokenization market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Tokenization market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
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The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Tokenization industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Tokenization market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Tokenization market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Tokenization market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Tokenization market. These factors have benefited the growth of the global market for Tokenization. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
In this study, the years considered to estimate the market size of Tokenization are as follows:
Historic Year: 2017-2020
Base Year: 2019
Forecast Year 2020 to 2027
Reasons to Purchase this Report:
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value USD Million and volume Units Million data for each segment and sub-segment
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)
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Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
Market segmentation analysis
PART 06: MARKET SIZING
Market sizing 2021
Market size and forecast
PART 07: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 08: MARKET SEGMENTATION BY PRODUCT
Global Tokenization market by product
Comparison by product
Market opportunity by product
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
Global Tokenization market by distribution channel
Comparison by distribution channel
Global Tokenization market by offline distribution channel
Global Tokenization market by online distribution channel
Market opportunity by distribution channel
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
Global Tokenization market by end-user
Comparison by end-user
PART 12: REGIONAL LANDSCAPE
Global licensed Tokenization market by geography
Licensed Tokenization market in Americas
Licensed Tokenization market in EMEA
Licensed Tokenization market in APAC
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
PART 17: VENDOR ANALYSIS
Market positioning of vendors
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