Tokenization Market, by Component (Solution, Service, Professional services, Consulting, Integration Services, Training and Education, Support and Maintenance, Managed services), Application Area (Payment Security, User Authentication, Compliance Management), Deployment Mode (Cloud, On-Premises), Organization Size (SMEs, Large Enterprises), Vertical (Banking, Financial Services, and Insurance (BFSI), Government, Retail, Healthcare, Telecom and IT, Energy and Utilities, Automotive, Education) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022

Chicago, IL -- (SBWire) -- 07/24/2017 --Tokenization is a process wherein sensitive data is replaced by unique identification symbols such that it retains all important information regarding the data without conceding data security. Tokenization minimizes the essential data that the company needs hence it is becoming a popular option for data security. Tokenization solutions are used for diverse purposes such as payment security, user authentication and compliance management. This report studies the current and future aspects of tokenization market.

The report on the global Tokenization market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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The tokenization market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. North America region holds the highest market share and is the largest revenue contributor for the tokenization market. There is a rise in internet usage and associated data security threats seen in this region. Rapid economic growth is also contributing towards the growth of tokenization market. In Asia-Pacific region, the developing countries are witnessing rapid economic growth and are taking measures for data security hence boosting the growth of the market. Next in line is the Latin America region which is witnessing a steady growth in the tokenization market during the forecasted period. This growth is seen due to presence of large number of small and medium-sized enterprises which are paying attention towards sensitive data security and tokenization solutions in verticals such as BFSI, IT & telecom, healthcare and so on.

MARKET SEGMENTATION

This report analyzes the tokenization market by the following segments:

Tokenization Market, by Component

1. Solution
2. Service
3. Professional services
4. Consulting
5. Integration Services
6. Training and Education
7. Support and Maintenance
8. Managed services

Tokenization Market, by Application Area

1. Payment Security
2. User Authentication
3. Compliance Management

Tokenization Market, by Deployment Mode

1. On-premises
2. Cloud

Tokenization Market, by Organization Size

1. Small and Medium-sized Enterprises (SMEs)
2. Large Enterprises

Tokenization Market, by Vertical

1. Banking, Financial Services, and Insurance (BFSI)
2. Government
3. Retail
4. Healthcare
5. Telecom and IT
6. Energy and Utilities
7. Automotive
8. Education
9. Others

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