PCI DSS (Payment Card Industry Data Security Standard), a set of security standards, compliance is required for any business that processes credit or debit card transactions. The agency has set various guidelines which need adherence. The guidelines are Secure network, Secure cardholder data, Vulnerability management, Access control, Network monitoring & testing and Information security.
The article cited AMA's Global Tokenization Market Study explored substantial growth with CAGR of 24.6%. According the report, Growing Demand for Cloud Based Tokenization Security Solution
is one of the primary growth factors for the market. Growing Need to Prevent of Payment Fraud Cases
is also expected to contribute significantly to the Tokenization market. Overall, Payment Security
applications of Tokenization, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Tokenization market identified that the demand is rising in many different parts of the world as "Growing Digital Payment Methods Across Industry Verticals
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Tokenization market by Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Tokenization market and other related sub-markets covered in the study.
o Key & emerging players in the Tokenization market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Tokenization market size is calculated using market estimation process, the Tokenization market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Tokenization market size has been validated using both top-down and bottom-up approaches.