Tokenization Market report by “The Insight Partners” sheds light on the key drivers and opportunities attributing to market expansion over the analysis period. It also gives in-depth information pertaining to the challenges and threats poised to hinder revenue generation in the forthcoming years. Additionally, the report also provides crucial information regarding leading companies in this business sphere and the trends that are likely to prevail in the near future.

The tokenization market expected to grow from US$ 1378.8 million in 2020 to US$ 6823.7 million by 2027; it is estimated to grow at a CAGR of 25.7% from 2020 to 2027.

Growing trend toward contactless payment solutions is attributing to the growth of the market. Contactless payment using RFID technology or near-field communication (NFC) is a safe mode of payment to purchase products or services using credit, debit, or smartcard. Using a contactless mode of payment is advantageous for both businesses and customers. Although, Europay, MasterCard and Visa (EVM) chip technology is time-consuming, the contactless payment method removes the friction and helps the customer to get a better shopping experience. Compared to other modes of payments, the chip technology used in contactless payments is more secure, which in turn reduces the fraud cases.

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Companies Profiled in Tokenization Market report includes: Broadcom, Inc,CipherCloud, Inc.,FUTUREX,Fiserv, Inc.,Micro Focus International plc,OpenText Corporation,Sequent Software Inc,TokenEx,Thales Group,Visa, Inc.

NFC technology allows cards and terminals to connect when the card is brought into proximity to the terminal. The advent of EMV enables the same technology to be used for protected contactless payments. Additionally, the use of mobile wallets is witnessing high growth, particularly in developing economies.

The vitality of technology is tested through its capability to integrate with existing technologies. Tokenization smoothly integrates NFC for contactless payment technology. With card details being tokenized, it is expected that innovative NFC mobile apps for payments will be introduced. Thus, providing opportunities to the players operating in the tokenization market

MARKET SEGMENTATION

By Component (Solution and Services)

By Deployment (On-Premise and Cloud)

By Organization Size (SMEs, Large Enterprises)

By Industry Vertical (BFSI, Retail, IT & Telecom, Healthcare, Government, and Others), and Geography

Essential points covered in Tokenization Market report are:-

  1. What will the Tokenization Market size and the growth rate be in 2027?
  2. What are the key growth stimulants of Tokenization Market?
  3. What are the key market trends impacting Tokenization Market valuation?
  4. What are the challenges to market proliferation?
  5. Who are the key vendors in the Tokenization Market?
  6. Which are the leading companies contributing to Tokenization valuation?
  7. What was the market share held by each region in 2027?
  8. What is the estimated growth rate and valuation of Tokenization in 2027?

The report also puts forward the current and future market scenario derived after a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. PEST analysis for each region is incorporated as well.

Moreover, key companies contributing to Tokenization Market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.

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Reason to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Tokenization Market.
  • Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
  • The key findings and recommendations highlight crucial progressive industry trends in the Tokenization Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.

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