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BANGALORE, India, March 4, 2021 /PRNewswire/
Tokenization Market is Segmented by Type - Hardware, Software, Services, by Application - BFSI, IT & Telecom, Government, Hospitality & Transportation, Military & Defense, Others, by Regions & Key players Regional Growth: Global Opportunity Analysis and Industry Forecast, 2021-2026. This report is published on
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Software Category.
The global Tokenization market size is projected to reach USD 2166.8 Million by 2026, from USD 939.7 Million in 2019, at a CAGR of 12.5% during 2021-2026.
Major factors driving the growth of tokenization market size are the increasing need to stay compliant with regulations and the growing need to ensure continuous customer experience as well as reduced fraud levels.
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We already have clients asking if they will be assessed against the new standard in 2021, and what to expect when the Payment Card Industry Data Security Standard (PCI DSS) v4.0 is released. That’s no surprise, since this is the first major revision to the standard since v3.0 was released in 2013. When proposing the new version of this standard, the PCI Security Standards Council (SSC) established several goals:
Keep the standard current and ensure it meets the needs of the payment industry
Add flexibility to support different approaches to security
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