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The global tokenization market is estimated to garner a significant revenue by the end of 2033 by growing at a CAGR of ~20% over the forecast period, i.e., 2023 u2013 2033.
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Global Tokenization Market Growth to be Propelled by Surging AdoptionofInternetbyCAGR of~20%During 2023 – 2033 KennethResearchpublished areporttitled“TokenizationMarket: GlobalDemand Analysis&OpportunityOutlook 2033”which deliversdetailed overview of the global tokenization market in terms of market segmentation by organization size, application, vertical, deployment mode,and byregion. Further,for thein-depthanalysis, thereportencompasses theindustry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth ofthemarket. TheglobaltokenizationmarketisestimatedtogrowataCAGRof~20%over theforecastperiod,i.e.,2022-2031.Themarketissegmentedbyvertical
intoBFSI,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 increasingvolumeoftransactionsforonlineshopping. Risingsecurityconcernsrelatedtothedigitalizationofsensitivedata is anticipated to surge the growth of the global tokenization market. Moreover, surging adoption of internet are 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 Middle East & Africa region. Out of them, the market in the Asia Pacific regionisprojectedtoholdthelargestmarketsharebytheendof2033onthe backofgrowing adoptionoftokenizationsolutions, andincreasing penetrationofsmartphone and internet users. The research is global in nature and covers detailed analysis on 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,SouthKorea, Indonesia,Singapore,Malaysia, Australia,NewZealand,RestofAsia-Pacific),MiddleEastandAfrica(Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, SouthAfrica,RestofMiddle EastandAfrica). Inaddition,analysis comprisingmarketsize, Y-O-Ygrowth &opportunityanalysis,market players’competitivestudy,investmentopportunities,demandforfuture outlooketc.hasalsobeencovered anddisplayed in theresearchreport.
Rising DigitalPaymentsto Drive theGrowth ofthe Market According to the World Bank, the digital payment share in developing economieshasgrownfrom35percentin2014to57percentin2021across the globe Therehas beenrisingdigitalpayments acrossthe globefollowed byan advancement in thetechnologies.Moreover, it has becomenecessaryto 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. For moreinformations@https://www.kennethresearch.com/report- details/global-tokenization-market/10059588 However,complexityintheimplementationoftokenization,lackof awarenessamongpeople,andlackofskilledworkersintheadoptionprocess are expected to operate as key restraint to the growth of global tokenization marketovertheforecast period. Thisreportalsoprovidestheexistingcompetitivescenarioofsomeofthekey players of the global tokenization market which includes company profiling ofMicroFocus,Fiserv,Inc.,VisaInc.,MastercardInternational Incorporated,AmericanExpressCompany,Thales,CardConnect,FIS, Futurex, Lookout, Inc., and others. The profiling enfolds key information of thecompanieswhichencompassesbusinessoverview,productsandservices, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global tokenization market that will help industry consultants, equipment manufacturers, existing players searching forexpansionopportunities,newplayerssearchingpossibilitiesandother
stakeholderstoaligntheirmarketcentricstrategiesaccordingtotheongoing andexpected trendsinthefuture. RequestReportSample@https://www.kennethresearch.com/sample- request-10059588 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 takewisedecisionsfor theirfuture marketingstrategy, expansionand investment etc. We believe every business can expand to its new horizon, providedarightguidanceatarighttimeisavailablethroughstrategicminds. Our out of box thinking helps our clients to take wise decision in order to avoidfutureuncertainties. ContactformoreInfo: AJDaniel Email: sales@kennethresearch.com U.S. Phone:+1 313462 0609