Tokenization Solution Market Market (2022to 2027) - by Product Type, Sensor Type, End-user, and Region

Tokenization Solution Market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Market share and Market size prominent players for 2022 to 2027 are profiled in this report.

Tokenization Solution Market is envisaged to record an expansion at the CAGR of 22.4»% over the forecast period, 2022 - 2028

Competitive Landscape:

 Paymetric, Inc.,  Protegrity USA, Inc.,  Broadcom Inc.,  Thales Group,  Hewlett Packard Enterprise,  First Data Corporation,  Cardconnect Corporation,  3delta Systems, Inc.,  Ciphercloud Incorporation,  Cybersource Corporation,  Liaison Technologies Inc,  Fiserv, Inc.,  Tokenex, LLC and Others

Recent Development:

 May 2018: Symantec Corporation, the world's leading cybersecurity company, announced the opening of a new privacy research center, based in Saarbrucken, Germany. The new location's effort is two-fold, to give consumers greater control over their personal data and their online footprints, and provide governments and corporations additional tools to help them be responsible custodians of data they handle.

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Scope of the Report

There has been a continuous growing demand for secure payment gateways. Due to the increased adoption rate of payment gateways, the customers are switching to more secure payment gateway options due to the currency involved in the process.
- With an increased amount of data that is getting generated, the governments of several countries are engaging in the development of data privacy and development laws in order to safeguard the citizens from any loss in data.

Key Market Trends

The Growing Demand for Secure Payment Gateways has Boosted the Market Substantially.

The growing data breaching cases have created the demand for secure payments gateway, which is a major factor driving the demand for tokenization solution. According to the Identity Theft Resource Center (ITRC), the data breaching cases in 2017 in the US increased by 44.7% as compared to 2016. The number of data breaches in the Medical and Healthcare sector, in 2018, was reported to be 367.

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North America is Expected to Hold Significant Market Share

North America is the dominating region in tokenization solution market, owing to the earliest adoption of advanced technology in the payment gateway industry. Most of the tokenization solution vendors are American based, hence accounting the major portion of the revenue of tokenization solution market.
 The adoption of cloud technology is highest in the region, a vital reason for growing adoption of tokenization solution. The region is also the home of all the major e-commerce major companies, where the adoption of tokenization solution is highest.

Highlights about Tokenization Solution Market report coverage:

- A complete background analysis, which includes an assessment of the Global Tokenization Solution Market.

- Important changes in Tokenization Solution Market dynamics

- Tokenization Solution Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Tokenization Solution Market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Tokenization Solution Market industry developments

- Tokenization Solution Market shares and strategies of key players

- Emerging niche Tokenization Solution Market segments and regional markets

- An objective assessment of the trajectory of the Tokenization Solution Market .

- Recommendations to companies for strengthening their foothold in the Tokenization Solution Market .

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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This release was published on openPR.