Global Tokenization Market Size, Share & Trends Report, 2022-2031

Kenneth Research published a report titled “Tokenization Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers a detailed overview of the global tokenization market in terms of market segmentation by organization size, application, vertical, deployment mode, and by region.

Detailed description:

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.

The global tokenization market is estimated to grow at a CAGR of ~ 20% over the forecast period, i.e., 2022-2031. The market is segmented by vertical into BFSI, healthcare, IT & telecommunication, energy & utilities, retail & e-commerce, and others. Out of these, the retail & e-commerce segment is anticipated to hold the largest share over the forecast period owing to the increasing volume of transactions for online shopping.

Rising security concerns related to the digitalization of sensitive data are anticipated to surge the growth of the global tokenization market. Moreover, the surging adoption of the internet is expected to boost the growth of the market.

Geographically, the global tokenization market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of them, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 on the back of the growing adoption of tokenization solutions, and increasing penetration of smartphone and internet users.

The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

Rising Digital Payments to Drive the Growth of the Market

According to the World Bank, the digital payment share in developing economies has grown from 35 percent in 2014 to 57 percent in 2021 across the globe

There have been rising digital payments across the globe followed by advancements in technologies. Moreover, it has become necessary to handle all the sensitive data in order to reduce any kind of financial fraud. Therefore, it is anticipated to increase the growth of the global tokenization market.

However, complexity in the implementation of tokenization, lack of awareness among people, and lack of skilled workers in the adoption process are expected to operate as key restraints to the growth of the global tokenization market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global tokenization market which includes company profiling of Micro Focus, Fiserv, Inc., Visa Inc., Mastercard International Incorporated, American Express Company, Thales, CardConnect, FIS, Futurex, Lookout, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global tokenization market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.     

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Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided the right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties.

Contact for more Info:

AJ Daniel

Email: [email protected]

U.S. Phone: +1 313 462 0609 

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