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 % from 2021 to 2028.
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.
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.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 22.57% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
component, services, application area, tokenization technique, deployment mode, organization size, verticals and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Visa, Thales e-Security, Symantec, Micro Focus, Fiserv, Gemalto, First Data, Worldpay, Dell Technologies, and CipherCloud. |
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Available Customization |
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. |
Tokenization Market is segmented into component, services, application area, tokenization technique, deployment mode, organization size, verticals and region.
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