Tokenization Market will reach at USD 14.76 billion by 2032, with Top Key Players -Gemalto, Symantec, Hewlett-Packard Enterprises, Ciphercloud, Futurex, Protegrity, TokenEx, Thales e-Security, First Data Corporation (FDC), Global Payments, Visa (CyberSour

The Global Tokenization Market size to grow from USD 3.1 billion in 2021 to USD 14.76 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 19.0% during the forecast period. Need to stay compliant and meet regulatory reporting standards, growing need to ensure continuous customer experience and maintain fraud prevention levels due to increasing financial frauds, and need to reduce risk from data breaches are expected to be the major factors driving the growth of the Tokenization Market.

Some of the Major Key players profiled in the study are Gemalto, Symantec, Hewlett-Packard Enterprises, Ciphercloud, Futurex, Protegrity, TokenEx, Thales e-Security, First Data Corporation (FDC), Global Payments, Visa (CyberSource), Rambus

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Opportunity: Rising demand for cloud-based tokenization solutions and services
Cloud-based tokenization is the method of exchanging sensitive data for an irreversible, non-sensitive placeholder called a token and securely storing the original, sensitive data outside of the organization's internal systems. It can be more affordable and easier to integrate than traditional on-premises tokenization. It also further reduces an organization's risk and compliance scope by removing sensitive data from its data environments. Additionally, businesses can protect that data without sacrificing its utility or the agility of current business processes by using format- and/or length-preserving tokens as placeholders for the original, sensitive data.

Challenge: Lack of skilled workforce and poor management in creating a user adoption process
Technology is only as effective as the workforce that uses it. If employees are not inputting data or pulling the right reports, then the system will not provide real value. Simplifying what have become extremely intricate company cultures across the industry will help reliability and digitization truly take root. By implementing a training program for all employees, leadership fosters the values and behaviors necessary for organizational reliability and helps support talent retention and company growth. Training should review the fundamentals of reliability, detail the relationship to maintenance and operations, and teach how to use tokenization tools to support sound security from data breaches and ensure compliance standards

This research report categorizes the Tokenization market to forecast revenues and analyze trends in each of the following subsegments:

By Component:
Solutions
Services

By Services:
Professional Services
Managed Services

By Application Area:
Payment Security
User Authentication
Compliance Management

By Tokenization Technique:
API-Based
Gateway-Based

By Deployment Mode:
Cloud
On-premises

By Organization Size:
Large Enterprises
SMEs

By Vertical:
Banking, Financial Services, and Insurance
Healthcare
IT and ITeS
Government
Retail & eCommerce
Energy & Utilities
Other Verticals

Component Insights
The solution component segment accounted for the largest revenue share of over 80.0% in 2021 and is likely to retain its dominance during the forecast period. As the market is helping industries to move toward full digitization, data security becomes the backbone. The solutions component segment is extremely vital for companies requiring quick solutions for data security. The segment also helps industries comply with the guidelines formed by regulatory bodies. With the help of the solution component, the industry can make large strides in data security for various industries.

Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Global Tokenization market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Tokenization market, the years measured and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Global Tokenization report offers data on imports and exports, sales, production and key companies in all studied regional markets

Technology Insights
The application programming interface-based segment accounted for the largest revenue share of over 55.0% in 2021 and is predicted to maintain its lead during the forecast period. The application programming interface-based technology runs the technology process in the background and offers data security. The market offers basic and advanced level technological data security for every digital process. The combination of this technology and encryption makes services accessible globally.

The gateway-based segment is expected to exhibit the fastest CAGR of 25.26% from 2022 to 2030. Gateway-based technology allows industries to conduct simple and complex payments or transactions at a local or even a global level. Gateway-based technology saves time and offers lightweight and background running data security software during transactions. The market is a huge investor in this technology as digital payments have become the norm following its strong ongoing trend.

Deployment Insights
The on-premises deployment segment held the largest revenue share of over 60.0% in 2021. The on-premises deployment segment is popular as the entire process is completed on the device and no data, including tokens, is sent anywhere from the device. This segment is popular in portable devices like mobile phones.

The cloud deployment segment is expected to register the highest CAGR of 26.58% during the forecast period. The tokenization process requires an active connection with the cloud to be executed, wherein, the token verification is often done in the cloud. The growth of the cloud deployment segment is due to the increase in cloud-based payments and processes handling sensitive data. Tokenization in this deployment segment requires an active internet connection to connect to the cloud.

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Key questions answered in the report include:

who are the key market players in the Tokenization Market?
Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the Tokenization Market?
What are the regional growth trends and the leading revenue-generating regions for the Tokenization Market?
What will be the market size and the growth rate by the end of the forecast period?
What are the key Tokenization Market trends impacting the growth of the market?
What are the major Product Types of Tokenization?
What are the major applications of Tokenization?
Which Tokenization Services technologies will top the market in next 7 years?
Table of Contents

Global Tokenization Market Research Report 2022 - 2029

Chapter 1 Tokenization Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Tokenization Market Forecast

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Cumulative Growth of Global Tokenization Market

As per the Global Tokenization Market is concerned the key players of tokenization are helping the market to meet the demand for tokenization market. These key players know how important tokenization us and they have understood the value of it. The size of the tokenization market is expanding, and it is expected to grow more in the upcoming days.

Value Chain Analysis:

The Global Tokenization Market is expected to grow at 20% CAGR between 2021-2030, and it is expected to grow at $9.2 Billion by 2030. The need to keep crucial data safe is the reason behind the growing demand for the tokenization market.

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