Latest Research Study on Global Tokenization Market published by AMA, offers a detailed overview of the factors influencing the global business scope. Global Tokenization Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors, Challenges and Current Scenario Analysis of the Global Tokenization. This Report also covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Symantec [United States], Thales e-Security [United States], Visa [United States], WEX [United States], Worldpay [United States], Dell Technologies [United States], CipherCloud [United States], Futurex [United States], First Data [United States], Gemalto [Netherlands], Fiserv [United States], Micro Focus [United Kingdom], Liaison Technologies [United States], Protegrity [United States], TokenEx [United States], Bluefin [United States], Sequent Software [United States], Discover Financial Services [United States], Verifone [United States] and IP Solution International [Australia]
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Brief Overview on Global Tokenization
Tokenization is a way to protect consumer data from potential breach by using unspecified numbers which contains essential information thus, eliminating the need to provide whole card details while making online transactions. This payment security method helps online businesses in protecting their data breach. With increasing cases of data breach across industries resulting in huge capital loss, tokenization provides a great platform for key players to find ways and means to make this system robust.According to AMA, the market for Tokenization is expected to register a CAGR of 24.6% during the forecast period to 2025. This growth is primarily driven by Growing Need to Prevent of Payment Fraud Cases and Stringent Regulatory Guidelines Set by Payment Card Industry Data Security Standard (PCI DSS) and Need for Compliance with Them.
Market Trend
- Growing Demand for Cloud Based Tokenization Security Solution
Restraints
- Lack of Awareness About Tokenization System Among End user Industries
Opportunities
- Growing Digital Payment Methods Across Industry Verticals and Rapid Growth in eCommerce Market
Challenges
- Inability of Tokenization System to Provide Full-proof Security Solution
The Global Tokenization Market segments and Market Data Break Down are illuminated below:
Application (Payment Security, Compliance Management), End Users (BFSI, Retail & consumer Goods, Government, Automotive, IT & Telecom, Energy & Utilities, Education, Military & Defense, Manufacturing, Others), Enterprise Size (Small & Medium Enterprise, Large Enterprise), Deployment Type (On-premises, Cloud), Technique (API-based, Gateway-based), Solution (Payment Security, Customer Data Management, Compliance & Policy Management, Encryption)