Press release
Tokenization Market Insights, Key Drivers, Scope, Size, Share, Latest Trends, Opportunities, Business Prospects And Forecast 2031 | Fiserv, Inc., Visa, American Express Company, CipherCloud
Tokenization Market
The regions covered in the tokenization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest tokenization market share.
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The tokenization market consists of sales of tokenization services and solutions by entities (organizations, sole traders, and partnerships). Tokenization is a method of converting sensitive data into non-sensitive data, referred to as a token. The token has no extrinsic or exploitable meaning or value; it is a piece of data that represents another, more valuable piece of information. Tokenization protects sensitive data such as credit card data, medical information, social security numbers and others while preserving its business utility.
Key competitors in the tokenization market are Fiserv, Inc., Visa, American Express Company, CipherCloud, Inc., TokenEx, Futurex, Symantec, AsiaPay Limited, MeaWallet.
The global tokenization market size is expected to grow from $1.92 billion in 2021 to $2.32 billion in 2022 at a compound annual growth rate (CAGR) of 21.09%. The change in the market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The global tokenization market size is expected to reach $5.45 billion in 2026 at a CAGR of 23.74%.
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TBRC's report segments the global tokenization market:
1) By Component: Solutions, Services
2) By Service: Professional Services, Managed Services
3) By Application Area: Payment Security, User Authentication, Compliance Management
4) By Vertical: Banking, Financial Services, and Insurance, Healthcare, IT And ITeS, Government, Retail and eCommerce, Energy and Utilities, Others
5) By Organization Size: Large Enterprises, SMEs
Read Further On The Tokenization Market Here:
https://www.thebusinessresearchcompany.com/report/tokenization-global-market-report
The Table Of Contents Includes:
1. Executive Summary
2. Tokenization Market Characteristics
3. Tokenization Market Trends And Strategies
4. Impact Of COVID-19 On Tokenization
5. Tokenization Market Size And Growth
…..
28. Key Mergers And Acquisitions In The Tokenization Market
29. Tokenization Market Future Outlook and Potential Analysis
30. Appendix
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