Tokenization Market Projected to Reach $9.43 Billion by 2030, Driven by Security Concerns and DeFi Integration

Market Overview

The global tokenization market size was valued at USD 2.71 billion in 2023 and is expected to reach USD 9.43 billion by 2030, at a CAGR of 19.5%.

For a preview of the dynamic Tokenization Market, please follow this link: https://www.maximizemarketresearch.com/request-sample/22137 

Market Introduction

Tokenization substitutes sensitive data with unique identifiers, preserving crucial information while enhancing security. Businesses, particularly small and midsize ones, adopt tokenization to reduce sensitive data storage, improving security in financial transactions. This approach minimizes complexities and costs associated with adhering to industry standards and regulations. Tokenization replaces sensitive data (payment card numbers, personal health information, and personally identifiable information) with surrogate values or tokens, maintaining the format of the original data.

Market Dynamics

Several factors are driving the growth of the tokenization market:

  • Mounting concerns regarding data security breaches and privacy violations: This sparks widespread adoption of tokenization solutions across industries, particularly with the exponential increase in digital transactions (e-commerce, banking, healthcare).
  • Stringent regulatory frameworks (GDPR, PCI DSS): These compel organizations to prioritize data security and compliance, propelling market growth.
  • Pervasive adoption of cloud-based infrastructures and IoT devices: This broadens tokenization applications for secure data transmission and storage.

Market Segmentation

The tokenization market is segmented by component, application area, tokenization technique, deployment mode, organization size, and end user.

Market Players

Global
1. Gemalto NV (Thales) (La Défense, France)
2. Symantec Corporation (NortonLifeLock) (Tempe, Arizona, USA)
3. Square, Inc. (San Francisco, California, USA)
4. Vormetric (Thales) (San Jose, California, USA)

Tokenization Key players in North America

1. TokenEx (Oklahoma City, Oklahoma, USA)
2. Hewlett Packard Enterprise (HPE) (San Jose, California, USA)
3. First Data Corporation (Fiserv) (Brookfield, Wisconsin, USA)
4. CyberSource (Visa Inc.) (Foster City, California, USA)
5. Square, Inc. (San Francisco, California, USA)
6. CipherCloud ( San Jose, California, USA)
7. Apple Inc. (Cupertino, California, USA)
8. Mastercard (Purchase, New York, USA)
9. Verizon Communications Inc. (New York City, New York, USA)
10. Discover Financial Services (Riverwoods, Illinois, USA)
11. Bluefin(Atlanta, Georgia, USA)

Tokenization Key players in Asia Pacific
1. Square Enix Holdings Co., Ltd (Tokyo, Japan)
2. Ant Financial Services (Alipay) (China)
3. Ripple (Singapore)

Regional Insights

North America is expected to dominate the market due to the presence of established tokenization providers, a strong regulatory environment, and advanced technological infrastructure. However, Asia Pacific is anticipated to witness the fastest growth due to increasing urbanization, rising disposable income, and growing popularity of adventure sports.

This press release highlights the key findings of the global tokenization market report, providing valuable insights for businesses and investors interested in this growing market.

Leverage our customized research report summaries to gain a strategic edge in the ever-evolving Tokenization Market: https://www.maximizemarketresearch.com/market-report/global-tokenization-market/22137/ 

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