Asia Pacific Tokenization Market is expected to reach US$ 1743.4 Mn by 2027


PRESS RELEASE BY The Insight Partners 20 Aug 2020

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In Terms of Component, Solution Segment to Dominate Asia Pacific Tokenization Market During 2020–2027

 

According to our new market research study on “Asia Pacific Tokenization Market to 2027 – Regional Analysis and Forecast by Component, Deployment, Enterprise Size, and Industry Vertical,” the market is expected to reach US$ 1743.4 million by 2027 from US$ 244.7 million in 2019; it is estimated to grow at a CAGR of 28.7% from 2020 to 2027. In a progressively digital world, outdated ways of transferring and trading assets is time-consuming as those assets were difficult to physically transfer, divide, and track.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 APAC.

 

Cambodia has the potential to set the proposal for online casino in APAC, through tokenization technology, 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 APAC.

 

Broadcom Inc, Fiserv Inc, and Thales Group are among the leading companies in the Asia Pacific tokenization market. The companies are focused on adopting organic growth strategies such as product launches and 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.

 

 Asia Pacific : Tokenization Market, By Country, 2019 and 2027

 Asia Pacific : Tokenization Market, By Country, 2019 and 2027

Asia Pacific Tokenization Market to Grow at a CAGR of 28.7% to reach US$ 1743.4 Million from 2020 to 2027

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Asia Pacific 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 Asia Pacific Tokenization Market as Follows:

 

Asia Pacific Tokenization Market, by Component

  • Solution
  • Services

 

Asia Pacific Tokenization Market, by Deployment

  • Cloud
  • On-Premise

 

Asia Pacific Tokenization Market, by Enterprise Size

  • SMEs
  • Large Enterprise

 

Asia-Pacific Tokenization Market, by Industry Vertical

  • BFSI
  • Retail
  • IT & Telecom
  • Healthcare
  • Government
  •  Others

 

Asia Pacific Tokenization Market, by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
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