Data and Payment Tokenization Market is Expected to reach high valuation by 2027

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The global Data and Payment Tokenization is expected to witness significant growth during the forecast period (2022–2027) due to the growing consumer goods & retail industries. Frauds could be a challenge for the consumer goods industry, with the potential to impact finances, brand value, and customer trust. Enterprises dealing with consumer goods tend to have various third-party touch points, which include transporters, vendors/suppliers, third party manufacturers or subcontractors, stockiest, packers, and other third party service providers.

Key Industry Players in the Global Data and Payment Tokenization Market

The report gives a detailed analysis of the following key players in the global Data and Payment Tokenization market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

Key Players are:  Thales, American Express, Hewlett-Packard Enterprises, Lookout (CipherCloud), Futurex, Protegrity, TokenEx, Fiserv, Global Payments, and Visa (CyberSource)

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Some of the key takeaways from the report are highlighted below-

Data and Payment Tokenization being most popular type of Data and Payment Tokenization solutions, is expected to witness highest growth and CAGR during the forecast period

The increasing cases of cyber threats and attacks in the government, law enforcement, and others sectors is resulting in higher adoption of Data and Payment Tokenization solutions over the world

Component-wise software Data and Payment Tokenization solutions is set to register highest growth of CAGR 13.3% during the forecast period

Among the end users, government & law enforcement sector will maintain the lead, followed by the legal services firms throughout the forecast period

North America Data and Payment Tokenization market will lead other regions during the forecast period

Scope of the Report

Data and Payment Tokenization is the process of identifying, preserving, analyzing, and presenting digital evidence. Digital forensic enables the extraction of evidence through the analysis and evaluation of data from digital devices and is used to recover and inspect the data while maintaining the originality of the same. The scope of the study covers the market based on various Data and Payment Tokenization types, such as mobile forensic, computer forensic, and network forensic, and their uses in different end-user industries across the world.

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