Tokenization Market Size, Trends, Competitive Landscape,
Business Statistics and Forecast till 2030

Delvens published a new research publication on "Tokenization Market Insights, to 2030" with self-explained
Tables and charts in presentable format. In the Study you will find new
evolving Trends, Drivers, Restraints, Opportunities generated by targeting
market associated stakeholders. The growth of the Tokenization Market was
mainly driven by the increasing R&D spending across the world.

Tokenization Market size was valued at USD 1,526.90 Million
in 2020 and is projected to reach USD 7,766.87 Million by 2028, growing at a
CAGR of 22.57 % to 2028.

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Tokenization is the process of converting sensitive data
into non-sensitive data known as “tokens” that can be utilized in a database or
internal system without exposing it to the public. Tokenization can be used to
safeguard sensitive data by replacing it with an irrelevant value of the same
length and format as the original.

Increasing need to stay compliant with regulations and
growing need to ensure continuous customer experience as well as maintain fraud
prevention levels due to increased financial crimes are some of the factors
that have supported long-term expansion for Tokenization Market.

Key Players

·       
Visa

·       
Thales e-Security

·       
Symantec

·       
Micro Focus

·       
Fiserv

·       
Gemalto

·       
First Data

·       
Worldpay

·       
Dell Technologies

·       
Cipher Cloud and More

Regional Analysis

North America to hold the largest market size during the
forecast period. Being a highly regulated region, the presence of regulations such
as CCPA, surge in cyberattacks, especially payment frauds across industries, is
expected to drive the need for tokenization solutions and services across North
America.

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Recent Developments

In August 2020, Federal
Bank chose Fiserv to support the launch of their first independent credit card.

In July 2020, Bank
of Baroda’s partnered with Fiserv for digital transformation.

Tokenization Market
is segmented into component, services, application area, tokenization
technique, deployment mode, organization size, verticals and region.

On the basis of
Component

·       
Solutions

·       
Services        
                                               

On the basis of
Services

·       
Professional Services

·       
Managed Services

On the basis of
Application Area

·       
Payment Security

·       
User Authentication

·       
Compliance Management

On the basis of
Tokenization Technique

·       
API-Based

·       
Gateway-Based

On the basis of
Deployment Mode

·       
On-premises

·       
Cloud

On the basis of
Organization Size

·       
SMEs

·       
Large enterprises

On the basis of
Region

·       
Asia Pacific

·       
North America

·       
Europe

·       
South America

·       
Middle East & Africa

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In addition to the
market data for Tokenization Market, Delvens offers client-centric report and
customized according to the company’s specific demand and requirement.

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