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(IT-NEWSWIRE.COM, July 18, 2017 ) According to a new market research report "Tokenization Market by Solution, Service, Application Area (Payment Security, User Authentication, Compliance Management), Deployment Mode (Cloud, On-Premises), Organization Size (SMEs, Large Enterprises), Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the tokenization market size is expected 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%.
Browse 68 market data tables and 41 figures spread through 153 pages and in-depth TOC on "Tokenization Market by Solution, Service, Application Area (Payment Security, User Authentication, Compliance Management), Deployment Mode (Cloud, On-Premises), Organization Size (SMEs, Large Enterprises), Vertical, and Region - Global Forecast to 2022"
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The growing technology trend of Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) has introduced many security threats associated with payment and healthcare data theft. As there is a rise in sophisticated cyber threats of critical information, the tokenization market is expected to gain traction in the next 5 years.
Payment security application area is expected to play a key role in the tokenization market
Payment security in the application area segment is expected to play a key role in changing the tokenization market landscape and grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period. Tokenization solution provides real-time payment data security for all the transactions through smartphones, tablets, and laptops, and other devices. Additionally, it helps organizations to comply with PCI DSS and HIPAA regulatory compliances.
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Cloud-based deployment is expected to be the fastest-growing deployment mode.
In the tokenization market, cloud is expected to be the fastest-growing deployment mode , as it benefits organizations with increased scalability, speed, 24/7 services, and enhanced management capabilities. Cloud-based tokenization solutions are available according to customer’s demand, wherein customers can start or stop any service, at will.
North America is expected to contribute the largest market share; Asia Pacific (APAC) to grow at the highest CAGR
North America is expected to hold the largest market share and dominate the tokenization market from 2017 to 2022. The increased payment security challenges, along with meeting strict compliance regulation is driving the organizations in North America to adopt tokenization solutions. APAC offers potential growth opportunities for the tokenization market to grow, as countries in this region are investing heavily in deploying the payment security and compliance management solution.
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Major vendors in the tokenization market include Hewlett-Packard Enterprises (US), Symantec Corporation (US), Gemalto NV (the Netherlands), Fiserv, Inc. (US), First Data Corporation (US), CardConnect Corp. (US), Thales e-Security (US), 3Delta Systems (US), CipherCloud (US), CyberSource (US), Liaison Technologies (US), Protegrity USA, Inc. (US), Futurex (US), Paymetric, Inc. (US), and TokenEx LLC (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com
MarketsandMarkets
Mr. Rohan
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
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