Global Tokenization Market Analysis By Recent Trends
Posted by nileshdbmr on December 18th, 2019
Global tokenization market is expected to rise to an estimated value of USD 4495.79 million by 2026, registering a healthy CAGR of 22.45% in the forecast period of 2019-2026. Rising demand for standalone tokenization services and cloud- based tokenization solutions is the major factor for the growth of this market.
Major Market Competitors/Players: Global Tokenization Market
Few of the major competitors currently working in the global tokenization market are First Data Corporation, Gemalto, Fiserv, Inc, Micro Focus, Symantec Corporation, Thales eSecurity, WEX Inc., CipherCloud, Futurex, OpenText Corp., Worldpay, Protegrity USA, Inc., TokenEx, Bluefin Payment Systems, Sequent Software Inc, Discover Bank, Carta Worldwide, Ingenico Group., Verifone., Mastercard., Merchant Link, Rambus.com.
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Tokenization is specially designed security systems which are specially designed to avoid the unauthorised access to the important data and information. It protects all the data during transaction which can be done through smartphones, laptops, tablets etc. Application programming interface and gateway- based are the two of the common tokenization technique. These techniques are widely used in the industries like automotive, IT and Telecom, healthcare, government etc. Increasing payments frauds are the major fuelling the growth of this market.
Competitive Analysis: Global Tokenization Market
Global tokenization market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tokenization market for global, Europe, North America, Asia-Pacific and South America.
Segmentation: Global Tokenization Market
Key Insights in the report:
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About the Authornileshdbmr
Joined: September 27th, 2019
Articles Posted: 235
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