Tokenization, when applied to data security, is the process of substituting a sensitive data elementwith a non-sensitive equivalent, referred to as a token, that has no extrinsic or exploitable meaning or value. The token is a reference (i.e. identifier) that maps back to the sensitive data through a tokenization system. The mapping from original data to a token uses methods which render tokens infeasible to reverse in the absence of the tokenization system, for example using tokens created from random numbers.+
The Global Tokenization Market accounted for USD 1.12 billion in 2018 growing at a CAGR of 26.5% during the forecast period of 2019 to 2024. The upcoming market report contains data for historic year 2016, 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2024.
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Market Definition: Tokenization
Tokenization is the popular option of data security. It deals with the replacement of sensitive data with unique identification system which has all the essential information about the data without including its security. Data of aviation, military and financial institution have higher chances of being hacked. With advancement in tokenization technology there is greater possibility of converting sensitive data into non- sensitive data and then reverting back with non-sensitive data to sensitive data. Rise in credit/Debit card fraudulent activities act as the major driver in the growth of tokenization market. On the other side, lack of knowledge about security tokens among end-users may hinder the market.
- 3Delta Systems
- Cardconnect Corporation
- First Data Corporation
- Gemalto N.V.
- Hewlett-Packard Enterprise
- IBM Corporation
- Liaison Technologies.Inc
- Oracle Corporation
- Symantec Corporation
- Thales E-Security and others
Major market drivers & restraints: Global Tokenization Market
- Rise in credit/debit card fraudulent activities
- Increasing need for PCI-DSS
- Rise in the need for payment security for digital ecommerce
- Lack of knowledge about security tokens among end-users
- Addressing the vulnerabilities from EMV standards
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Tokenization Market Landscape
Part 04: Global Tokenization Market Sizing
Part 05: Global Tokenization Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Market Segmentation: Global Tokenization Market
The global tokenization market is segmented on the basis of component into solution, services. The services segment is further segmented into professional services, consulting services, integration services, training & education services, support & maintenance services, and managed services.
On the basis of organization size, the global tokenization market is segmented into large enterprises, and small & medium-sized enterprises (SMEs).
On the basis of application area, the global tokenization market is segmented into payment security, user authentication, and compliance management.
On the basis of deployment model, the global tokenization market is segmented into on-premises, and cloud.
On the basis of vertical, the global tokenization market is segmented into government and defense, banking, financial services & insurance, IT &telecom, healthcare, retail, education, and others.
On the basis of geography, the global tokenization market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
The report for global tokenization market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.