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(Wireless-NewsWire.Com, March 07, 2018 ) According to Publisher, the Tokenization market is expected to grow from $697.68 million in 2016 to reach $2,466.48 million by 2023 with a CAGR of 19.8%. The increasing amount of data and growing need to manage sensitive data of customers coupled with stringent compliances is forcing organizations to adopt tokenization solutions. Compliance management and payment security among applications are some of the major factors supporting market growth due to growing eCommerce sector and digitization in the healthcare industry.
Cloud deployment segment is estimated to hold the largest market share owing to more deployment of cloud infrastructure among the Small & Medium sized enterprises making them focus on their core competencies. Payment security application segment is estimated to be the largest market holder, the increasing complexitites in paymane across the globe had made this change vast and countable. North American market is holding tha largest share in the regional market due to the presence of large number of tokenization vendors in the market.
For more information http://www.reportsweb.com/tokenization-global-market-outlook-2017-2023
Some of the key players in the Tokenization market include 3delta Systems, Inc., Cardconnect Corp., Ciphercloud, Cybersource, First Data Corporation, Fiserv, Inc., Futurex, Gemalto NV, Hewlett Packard Enterprise, Liaison Technologies, Inc., Paymetric, Inc., Protegrity Usa, Inc., Symantec Corporation, Thales E-Security, Inc. and Tokenex, LLC.
Applications Covered:
-Compliance Management
-Payment Security
-User Authentication
End-Users Covered:
-Automotive
-Banking, Financial Services, and Insurance
-Education
-Energy & Utilities
-Government
-Healthcare
-IT & Telecom
-Retail
-Other End-Users
Organization Sizes Covered:
-Small and Medium-Sized Enterprises
-Large Enterprises
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Components Covered:
-Services
-Consulting
-Integration
-Managed Services
-Professional Services
-Support and Maintenance
-Training and Education
-Solution
Deployment Types Covered:
-Cloud
-On-Premises
Regions Covered:
-North America
-US
-Canada
-Mexico
-Europe
-Germany
-U.K
-Italy
-France
-Spain
-Rest of Europe
-Asia Pacific
-Japan
-China
-India
-Australia
-New Zealand
-South Korea
-Rest of Asia Pacific
-South America
-Argentina
-Brazil
-Chile
-Rest of South America
-Middle East & Africa
-Saudi Arabia
-UAE
-Qatar
-South Africa
-Rest of Middle East & Africa
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Rajat Sahni
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Source: EmailWire.Com 
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