Industry News

TMCNet:  Global Tokenization Market to Reach $2.25 Billion by 2022 - Rise in the Need for Payment Security for Digital Ecommerce - Research and Markets

[June 22, 2017]

Global Tokenization Market to Reach $2.25 Billion by 2022 - Rise in the Need for Payment Security for Digital Ecommerce - Research and Markets

DUBLIN, June 22, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Tokenization Market by Solution, Service, Application Area, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2022" report to their offering.

Research and Markets Logo

It is expected that the tokenization market size to grow from USD 823.0 Million in 2017 to USD 2,258.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 22.4%.

The constant pressure of managing sensitive data of consumers, along with the need to manage stringent compliances, has led enterprises of all sizes to adopt tokenization solutions for critical information protection. Moreover, cloud-based deployment is gaining high traction in the market, as it requires less capital investment, helps decrease the operational and maintenance costs, and reduces the management's efforts. Cloud tokenization solutions are available according to customer's demand, wherein a customer can start or stop any service, at will. Tokenization solution replaces the payment card data with a unique token and helps organizations comply with Payment Card Industry Data Security Standard (PCI DSS) and Health Insurance Portability and Accountability Act (HIPAA) compliance.

Tokenization solution can be used for payment security, user authentication, and compliance management. The payment security application area is expected to dominate he tokenization market and contribute the largest market share during the forecast period. It is expected to play a key role in changing the tokenization market landscape and grow at the highest rate during the forecast period, as the need for payment security is increased due to growing eCommerce sector and digitization in the healthcare industry.


Cloud deployment is the fastest-growing deployment mode in the tokenization market, as it benefits organizations with increased scalability, speed, 24/7 services, and enhanced management capabilities. Small & Medium-sized Enterprises (SMEs), in particular, have opted for cloud deployment, as it can help them avoid costs pertaining to hardware, software, storage, and technical staff.

North America is expected to have the largest market size and would dominate the tokenization market during the forecast period. Increasing penetration of the Internet and growing payment frauds have led to the growing payment security needs. Furthermore, rapid economic growth in the developing APAC countries, along with improving regulatory reforms and economic stability is driving the growth of the tokenization market in this region. In Latin America, SMEs as well as enterprises belonging to a range of verticals, such as Banking, Financial Services, and Insurance (BFSI), government, retail, healthcare, and IT and telecom, are expected to increase investments in tokenization solutions.

Key Topics Covered:





1 Introduction



2 Research Methodology



3 Executive Summary



4 Premium Insights



5 Market Overview and Industry Trends



6 Tokenization Market Analysis, By Component



7 Tokenization Market Analysis, By Application Area



8 Tokenization Market Analysis, By Deployment Type



9 Tokenization Market Analysis, By Organization Size



10 Tokenization Market Analysis, By Vertical



11 Geographic Analysis



12 Competitive Landscape



13 Company Profiles



14 Key Innovators



15 Appendix

Companies Mentioned




  • 3delta Systems, Inc.
  • Cardconnect Corp.
  • Ciphercloud
  • Cybersource
  • First Data Corporation
  • Fiserv, Inc.
  • Futurex
  • Gemalto NV
  • Hewlett Packard Enterprise
  • Liaison Technologies, Inc.
  • Paymetric, Inc.
  • Protegrity Usa, Inc.
  • Symantec Corporation
  • Thales E-Security, Inc.
  • Tokenex, LLC

For more information about this report visit https://www.researchandmarkets.com/research/hwk6wj/tokenization


Media Contact:


Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

 




[ Back To Shaping Influence's Homepage ]








INDUSTRIES


The JMRConnect team brings decades of experience garnered from multinational corporations, the public sector, NGOs and industry associations, and as such is able to provide clients with the expertise and strategy necessary for an impact campaign.


FEATURED CASE STUDY


Not only did JMRConnect significantly increase website traffic, organic visibility and optimize their SEO, but lead gen saw a drastic surge overall.


FEATURED INFOGRAPHIC


500% Increase in tracked top 3 keyword ranks (2 to 12)


Featured Influencer


For 30 years, Yorktel has gone the distance taking the complexities out of video and unified communications & collaboration (UC&C). As a video managed services and cloud provider, we bring your enterprise video communications to a new level, for today and tomorrow's technology. Yorktel - making complicated simple.