Tokenization Market to Grow at 22.1% CAGR to 2023

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The tokenization market size is estimated to grow from US$ 983 Million in 2018 to US$ 2,670 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 22.1% during the forecast period. The factors expected to drive the tokenizationmarket arethe growing need to protect cardholders’ data byfollowing PCI DSS guidelines and increasing payment frauds that need to be prevented.

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Browse and In-depth Table of Content on “Tokenization Market”

(Pages-180    Table-75    Figure-59    Profile-25)

APAC includes major economies, such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying the tokenization solution. APAC is expected to grow at the highest CAGR during the forecast period. The APAC tokenization market is gaining traction, as it provides proactive security measures for securing the account information.

The Study Objectives of this report are:

• To provide detailed information about major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the tokenization industry
• To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
• To analyze the market opportunities for stakeholders by identifying the high-growth segments of the tokenization market
• To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations, in the global tokenization industry
• To profile the key players in the tokenization market and comprehensively analyze their market size and core competencies

Inquire more or share questions if any before the purchase on “Tokenization Market by Component, Application Area (Payment Security, Application Area, and Compliance Management), Tokenization Technique (API-based and Gateway-based), Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2023” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1821504 .

Top Key Players in the “Tokenization Market” include are

• First Data (US)
• Gemalto (Netherlands)
• Fiserv (US)
• Micro Focus (UK)
• Symantec (US)
• Thales e-Security (US)
• Visa (US)
• Wex (US)
• Worldpay (US)
• Dell Technologies (US)

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Reason to buy this report:

Tokenization  Market report would help the market leaders/new entrants in this market with information about theclosest approximations of the revenue numbers for the overall tokenization market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to better their positions and plan suitable go-to-market strategies.

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