Tokenization Market Is Set To Witness Steady Growth During Forecast Period -2030 Tokenization Market Overview: Tokenization is the process of replacing sensitive data with unique identification symbols that retain all the essential information about the data without compromising its security. Tokenization is commonly used in credit and debit card systems , where it is used to replace data on the card (such as the primary account number or PAN) with a random set of numbers . Tokenization can also be used to protect other types of sensitive data, such as personal information or online passwords. Tokenization systems link the original data to a token but do not provide any way to decipher the token and reveal the original data . Tokenization can also be used in natural language processing, where it is used to divide a sentence or phrase into individual words or tokens. Tokenization Market Growth was valued at USD 4.8 billion in 2021. The tokenization market industry is projected to grow from USD 5.76 Billion in 2022 to USD 20.63 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 20% during the forecast period (2022 - 2030) The process is widely used in various industries due to the rising demand for a better customer experience. It helps industries to enhance their operations and productivity. It also helps end-users make better decisions regarding payment modes, asset management, safeguarding customer data, etc. Request To Free Sample of This Strategic Report: https://www.marketresearchfuture.com/sample_request/3206 COVID 19 report of the market During the pandemic, several industries faced a lot of losses and were trying to find ways to gather growth. However, the tokenization market was positively impacted by the pandemic, and it is expected to showcase high growth in the forecast period. After the pandemic, online payment has increased to lessen the virus spread.