Tokenization Market to Hit US$ 244.7 Million by 2027 to Grow Steady at 28.7% CAGR | Covers Impact of COVID-19 Pandemic

The Asia Pacific tokenization market was valued at US$ 244.7 million in 2019 and is projected to reach US$ 1,798.83 million by 2027; it is expected to grow at a CAGR of 28.7% from 2020 to 2027.

Tokenization solutions are often used for credit card processing. The payment card industry (PCI) council defines tokenization as a process wherein the primary account number (PAN) is replaced with an alternate/surrogate value known as a token. The key factor attributed to the growth of the Asia-Pacific tokenization market is the growing data security concerns in all the data-sensitive organizations across the world. The tokenization market is anticipated to witness a noteworthy growth owing to a huge number of financial firms choosing for rising security in payment processing systems. Also, with rising incidences of credit card fraudulent activities, there is an increase in the demand for payment security.

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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Asia Pacific Tokenization market. The researcher provides an extensive analysis of the Asia Pacific Tokenization market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

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Major Key players covered in this report:

• Broadcom, Inc.
• CipherCloud, Inc.
• Fiserv, Inc.
• Micro Focus International plc
• OpenText Corporation
• Sequent Software Inc.
• Thales Group
• Visa, Inc.

ASIA PACIFIC TOKENIZATION MARKET SEGMENTATION

Asia Pacific Tokenization Market, by Component

• Solution
• Services

Asia Pacific Tokenization Market, by Deployment

• Cloud
• On-Premise

Asia Pacific Tokenization Market, by Industry Vertical

• BFSI
• Retail
• IT & Telecom
• Healthcare
• Government
• Others

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Asia Pacific Tokenization market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Asia Pacific Tokenization market segments and regions.

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The research on the Asia Pacific Tokenization market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Asia Pacific Tokenization market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Asia Pacific Tokenization market.

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