Press release
Tokenization Market Expected to Grow at a Steady CAGR by 2022 - Scalar Market Research
The report on the global Tokenization market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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The tokenization market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. North America region holds the highest market share and is the largest revenue contributor for the tokenization market. There is a rise in internet usage and associated data security threats seen in this region. Rapid economic growth is also contributing towards the growth of tokenization market. In Asia-Pacific region, the developing countries are witnessing rapid economic growth and are taking measures for data security hence boosting the growth of the market. Next in line is the Latin America region which is witnessing a steady growth in the tokenization market during the forecasted period. This growth is seen due to presence of large number of small and medium-sized enterprises which are paying attention towards sensitive data security and tokenization solutions in verticals such as BFSI, IT & telecom, healthcare and so on.
MARKET SEGMENTATION
This report analyzes the tokenization market by the following segments:
Tokenization Market, by Component
1. Solution
2. Service
3. Professional services
4. Consulting
5. Integration Services
6. Training and Education
7. Support and Maintenance
8. Managed services
Tokenization Market, by Application Area
1. Payment Security
2. User Authentication
3. Compliance Management
Tokenization Market, by Deployment Mode
1. On-premises
2. Cloud
Tokenization Market, by Organization Size
1. Small and Medium-sized Enterprises (SMEs)
2. Large Enterprises
Tokenization Market, by Vertical
1. Banking, Financial Services, and Insurance (BFSI)
2. Government
3. Retail
4. Healthcare
5. Telecom and IT
6. Energy and Utilities
7. Automotive
8. Education
9. Others
Browse Report: https://www.scalarmarketresearch.com/market-reports/tokenization-market
About Scalar Market Research
Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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