North America Tokenization Market is expected to reach US$ 2751.3 Mn by 2027

In Terms of Component, Solution Segment to Dominate North America Tokenization Market During 2020–2027

According to our new market research study on “North America Tokenization Market to 2027 – Regional Analysis and Forecast by component, deployment, enterprise size, industry vertical” the market is expected to reach US$ 2751.3 million by 2027 from US$ 591.6 million in 2019; it is estimated to grow at a CAGR of 28.7% from 2020 to 2027. In a progressive digital world, outdated ways of transferring and trading assets is time-consuming as those assets are difficult to physically transfer, divide, and track. Tokenization technology provides an opportunity for enterprises to adopt growing business models and advanced technologies, thereby leading toward the digital transformation of capital markets. The growing integration of advanced technologies with tokenization solutions helps protect the sensitive data of customers. To make payments safer and boost digital commerce, companies are investing in tokenization, which is integrated with machine learning, automation, and cloud technology. These technologies autonomously learn, uncover patterns, and drive hidden insights. Tokenization technology is being deployed across industries such as BFSI, government, IT and telecom, healthcare, and retail in the region; thus, the growing demand for tokenization in these industries is propelling the growth of the market in North America .

Online gaming businesses can reach a huge audience across the globe and generate more revenue with transparency and efficiency, which is crucial for compliance and safety. This, in turn, has increased the importance of tokenization in North America.

Broadcom Inc, Fiserv Inc, and Thales Group are among the leading companies in the North America tokenization market. The companies are focused on adopting organic growth strategies such as product launches and business expansions to sustain their position in the dynamic market. For instance, in 2019, Thales and Enveil partnered to integrate Enveil’s ZeroReveal Compute Fabricnd the Vormetric Tokenization Server from Thales. This integration enables enterprises to ensure security for critical assets without disrupting their existing security infrastructure.

North America: Tokenization Market, By Country, 2019 and 2027 

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North America Tokenization Market to Grow at a CAGR of 24.6% to reach US$ 2751.3 Million from 2020 to 2027

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North America Tokenization Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), Deployment (Cloud and On-premise), Enterprise Size (SMEs, and Large Enterprises), Industry Vertical (BFSI, Retail, IT & Telecom, Healthcare, Government, and Others), and Country

The Report Segments the North America Tokenization Market as Follows:

North America Tokenization Market, by Component

• Solution
• Services

North America Tokenization Market, by Deployment

• Cloud
• On-Premise

North America Tokenization Market, by Enterprise Size

• SMEs
• Large Enterprise

North America Tokenization Market, by Country

• US
• Canada
• Mexico