Data tokenization becomes important for government agencies

DUBLIN, November 10, 2022 /PRNewswire/ — The “Tokenization – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

Research_and_Markets_Logo

Global tokenization market to reach $5.2 billion by 2027

Amid COVID-19 crisis, Global Tokenization Market Estimated at US$1.6 billion in 2020, is expected to reach a revised size of US$5.2 billion by 2027, growing at a CAGR of 18.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is expected to register a CAGR of 19.6% and reach US$3.6 billion at the end of the analysis period. Given the ongoing post-pandemic recovery, Services segment growth is readjusted to a revised CAGR of 16% for the next 7-year period.

The US market is estimated at $604.4 millionWhile China is expected to grow at a CAGR of 23.7%

The tokenization market in the United States is estimated at US$604.4 million in the year 2020. Chinathe second largest economy in the world, is expected to reach a projected market size of US$586.8 million by 2027, growing at a CAGR of 23.7% over the period 2020 to 2027. Other notable geographic markets include Japan and Canada, each expected to grow by 15.4% and 17.5% respectively over the 2020-2027 period. In Europe, Germany is expected to grow at a CAGR of approximately 16.5%.

Select contestants (190 total featured)

  • American Express Company

  • AsiaPay Limited

  • Bluefin LLC Payment Systems

  • map link

  • Fiserv, Inc.

  • Futurex SEC

  • HelpSystems, LLC

  • HST Campinas, SP

  • IntegraPay

  • Marqueta, Inc.

  • Mastercard Inc.

  • MeaWallet AS

  • Micro Focus International plc

  • Paragon payment solutions

  • Sequent Software Inc.

  • Shift4 Payments, LLC

  • Sygnum Bank SA

  • Thales TCT

  • TokenEx, LLC

  • Verifone, Inc.

  • visa inc.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Tokenization – Percentage of market share of the main global competitors in 2022 (E)

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Gamers Worldwide in 2022 (E)

  • Impact of the COVID-19 pandemic and the impending global recession

  • 2020 marked as a year of disruption and transformation

  • World economic growth projections (real GDP, % annual change) for 2020 to 2022

  • As the race between the virus and vaccines heats up, where is the global economy headed in 2021?

  • The transition to digital technologies improves the outlook for security technologies and solutions

  • Global Cybersecurity Market Growth Prospects (in %) for the Years 2019 to 2025

  • Increased Threat of Data Breach During Pandemic Supports Tokenization Market

  • Threat to security and privacy: Increase in cyberattacks and hacking amid the COVID-19 pandemic

  • The pandemic takes the payment system ecosystem to entirely new levels with tokenization and other approaches

  • An introduction to tokenization

  • Purpose of tokenization

  • PCI DSS and tokenization

  • Focus on Fraud Prevention and Payment Security Gives Extraordinary Boost to Global Tokenization Market

  • The surge in online payments and contactless payments is accelerating market growth

  • Majority Stake BFSI Vertical Scan Tokenization Market and Solution Segment

  • The SME segment will show rapid growth

  • Developed Regions Dominate the Global Tokenization Market

  • Global brands

  • Recent market activity

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

  • The digital transformation of enterprises and the imperative need to ensure the security of sensitive data to drive the tokenization market

  • Digital transformation is accelerating demand for tools to protect sensitive data

  • Data Tokenization: Unleashing the Potential of the Data-Driven Economy

  • Encryption vs Tokenization: A Comparative Review

  • Use cases for tokenization and encryption

  • BFSI: The Leading End-Use Vertical for Tokenization Solutions

  • Rise of digital transactions to increase the need for tokenization

  • Growing customer inclination towards contactless payments amid the pandemic is driving market growth

  • Sharp rise in fraud attacks amid difficult COVID-19 situation marks opportunity for tokenization market

  • With the generalization of mobile wallets, tokenization comes into play to ensure the security of transactions

  • Retail and e-commerce market will see high adoption of tokenization solutions

  • Benefits of Tokenization for the Booming Ecommerce Space

  • The pandemic is accelerating the growth of e-commerce

  • Data tokenization becomes important for government agencies

  • Tokenization Becomes Relevant Amid Digitalization of Infrastructure in Energy and Utilities

  • Compliance with Strict Regulatory Guidelines Drives Enterprises to Adopt Tokenization Solutions

  • The increasing proliferation of cloud-based solutions and services presents a market opportunity

  • SMBs show strong adoption of tokenization solutions

  • Growing Importance of Tokenization in Natural Language Processing (NLP)

  • Tokenization is emerging as a key strategy to improve customer experience and increase revenue generation

  • Protecting sensitive application data in DevOps reinforces the need for tokenization

  • Tokenization Market Challenges

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/qlhj2u

Media Contact:

Research and Markets
Laura Woodsenior
[email protected]

For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900

US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Quote

Quote

View original content: https://www.prnewswire.com/news-releases/tokenization-global-market-report-2022-data-tokenization-becomes-important-for-government-agencies-301674595.html

SOURCE Research and Markets

Ashley C. Reynolds