Tokenization Market Size Poised to Reach USD 9.43 Billion by 2030, 19.5% CAGR - Gemalto, Symantec, Square Drive Growth

 

Global Tokenization Market Poised for Growth at CAGR of 19.5% Through 2030

The global tokenization market is expected to reach USD 9.43 billion by 2030, growing at a compound annual growth rate (CAGR) of 19.5% from 2023. This growth is driven by several factors, including:

• Rising concerns for data security: Businesses are increasingly adopting tokenization to reduce the storage of sensitive data, enhancing security in credit card and e-commerce transactions.
• Regulatory compliance demands: Stringent regulations like GDPR and PCI DSS compel organizations to prioritize data security and adhere to compliance standards.
• Increasing adoption of blockchain solutions: The growing interest in blockchain technology fosters the integration of tokenization for secure data transmission and storage.

Here is the link for the preview of the dynamic Tokenization Market: https://www.maximizemarketresearch.com/request-sample/22137 

Market Overview:

Tokenization is a process of replacing sensitive data with unique identifiers that preserve crucial information without compromising security. This technology is gaining traction as it helps businesses address data security vulnerabilities, comply with regulations, and leverage the potential of blockchain technology.

Report Scope:

This newly released report offers a comprehensive analysis of the global tokenization market, covering:

• Market size and growth projections for 2023-2030
• Segmentation by component, application area, tokenization technique, deployment mode, and organization size
• Competitive landscape
• Market trends and growth drivers

Research Methodology:

The report utilizes both primary and secondary data sources, including surveys, interviews, published industry reports, company websites, and trade journals.

Segmentation:

• Component: Tokenization software, tokenization services, tokenization hardware, and others
• Application Area: Payment security, compliance management, user authentication, and others
• Tokenization Technique: Random tokenization, format-preserving tokenization, hash-based tokenization, encryption-based tokenization, and others
• Deployment Mode: On-premises, cloud-based, hybrid, and others
• Organization Size: Small and medium enterprise, large enterprise
• End User: Financial services and banking, healthcare, retail and e-commerce, government and public sector, and others

Regional Insights:

North America is expected to dominate the tokenization market due to its established technological infrastructure, progressive regulatory environment, and presence of major financial institutions and tech companies. However, Asia Pacific is projected to witness the fastest growth due to the rising adoption of digital technology and increasing awareness about data security.

Tokenization Key Players

Global
1. Gemalto NV (Thales) (La Défense, France)
2. Symantec Corporation (NortonLifeLock) (Tempe, Arizona, USA)
3. Square, Inc. (San Francisco, California, USA)
4. Vormetric (Thales) (San Jose, California, USA)

Tokenization Key players in North America

1. TokenEx (Oklahoma City, Oklahoma, USA)
2. Hewlett Packard Enterprise (HPE) (San Jose, California, USA)
3. First Data Corporation (Fiserv) (Brookfield, Wisconsin, USA)
4. CyberSource (Visa Inc.) (Foster City, California, USA)
5. Square, Inc. (San Francisco, California, USA)
6. CipherCloud ( San Jose, California, USA)
7. Apple Inc. (Cupertino, California, USA)
8. Mastercard (Purchase, New York, USA)
9. Verizon Communications Inc. (New York City, New York, USA)
10. Discover Financial Services (Riverwoods, Illinois, USA)
11. Bluefin(Atlanta, Georgia, USA)

Tokenization Key players in Asia Pacific
1. Square Enix Holdings Co., Ltd (Tokyo, Japan)
2. Ant Financial Services (Alipay) (China)
3. Ripple (Singapore)

Harness the power of our tailored research report summaries, designed to meet your unique business requirements, and elevate your competitive advantage in the dynamic Tokenization Market: https://www.maximizemarketresearch.com/market-report/global-tokenization-market/22137/ 

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