Tokenization Market
Tokenization is the process of turning a sensitive data, such as an account number, into a random string of characters called a “token” that has no sensitive data if breached. Tokens are then sent to an organization’s internal systems for use, serve as reference to the original data, and cannot be used to guess those values.This report focuses on global and United States Tokenization market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global Tokenization market size is estimated to be worth USD 1301.6 million in 2022 and is forecast to a readjusted size of USD 2709.9 million by 2028 with a CAGR of 13.0% during the review period. Global tokenization includes Thales, American Express, Visa (CyberSource), etc. Global top 5 companies hold a share about 40%. North America is the largest market, with a share about 58%, followed by Europe and Asia-Pacific with the share about 23% and 12%.Tokenization market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Tokenization market will be able to gain the upper hand as they use the report as a powerful resource.
Major players covered in Tokenization Market are:
Thales
American Express
Hewlett-Packard Enterprises
Lookout (CipherCloud)
Futurex
Protegrity
TokenEx
Fiserv
Global Payments
Visa (CyberSource)
Market Segment by Type:
Service Tokenization
Software Tokenization
Market Segment by Application:
BFSI
IT
Telecom and Media
Healthcare and Pharma
Government and Defense
Others
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