Market Overview

Global Tokenization Solution Market Analysis, Growth, Trend & Forecasts 2018-2023, With an Expected CAGR of 22% - ResearchAndMarkets.com

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The "Global
Tokenization Solution Market - Growth, Trend and Forecasts (2018 - 2023)"

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The Tokenization Solution market is expected to grow significantly at a
CAGR of over 22% during the forecast period (2018-2023).

The growing data breaching cases have created the demand for secure
payments gateway, which is a major factor driving the demand for
tokenization solution. According to Identity Theft Resource Center
(ITRC), the data breaching cases in 2017 in USA increase by 44.7% as
compared to 2016. Nearly 20% of breaches included credit and debit card
information, an almost 6% increase from last year. Approximately 37% of
all credit card fraud in the U.S. is related to counterfeit cards. These
growing data breach cases are also increasing the financial losses due
to it.

The adoption of tokenization solution is fastest on the cloud for the
forecast period. The cloud offers many advantages over on-premises and
is more accessible and less costly to deploy and maintain. It provides
more flexibility and scalability and delivers product updates more
regularly with little to no IT involvement. The growing cloud service
providers are also helping SME's to adopt tokenization solution.

North America is the dominating region in tokenization solution market,
owing to the earliest adoption of advanced technology in the payment
gateway industry. Most of the tokenization solution vendors are American
based, hence accounting the major portion of the revenue of tokenization
solution market. The adoption of cloud technology is highest in the
region, a vital reason for growing adoption of tokenization solution.

Companies Mentioned

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

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights

5. Market Dynamics

6. Tokenization Solution - Market segmentation

7. Key Vendors

8. Investment Analysis

9. Future Outlook

For more information about this report visit https://www.researchandmarkets.com/research/x25s4t/global?w=4

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