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on March 4, 2024
Global Tokenization Market to Reach USD 9.43 Billion by 2030 at a CAGR of 19.5%
Market Overview:
The global tokenization market is projected to reach USD 9.43 billion by 2030, expanding at a CAGR of 19.5% from 2023 to 2030. This growth is fueled by rising concerns over data breaches, increasing regulatory compliance requirements, and widespread adoption of blockchain technology.
For a preview of the dynamic Tokenization Market, please follow this link: https://www.maximizemarketresearch.com/request-sample/22137
Report Scope:
This comprehensive report provides insights into the global tokenization market, covering historical data (2018-2022), current market size (USD 2.71 billion in 2023), and future projections until 2030. It delves into market dynamics, segmentation, key players, and regional trends to offer valuable information for industry stakeholders.
Segmentation:
The market is segmented by component (software, services, hardware, others), application area (payment security, compliance management, user authentication, others), tokenization technique (random, format-preserving, hash-based, encryption-based, others), deployment mode (on-premises, cloud-based, hybrid, others), organization size (small and medium enterprises, large enterprises), and end user (financial services and banking, healthcare, retail and e-commerce, government and public sector, others).
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)
Regional Insights:
North America is expected to dominate the market throughout the forecast period due to a supportive regulatory environment, advanced technological infrastructure, and a well-established financial industry. However, the Asia Pacific region is anticipated to witness the fastest growth due to factors such as rising disposable income, increasing awareness of data security, and growing interest in blockchain technology.
Leverage our customized research report summaries to gain a strategic edge in the ever-evolving Tokenization Market: https://www.maximizemarketresearch.com/market-report/global-tokenization-market/22137/
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