Real Estate Tokenization Market Scope
Tokenization is the process of converting real estate assets into several virtual (digital) tokens. These virtual tokens can then be sold on an internet marketplace. The purchaser of a certain token becomes the owner of that share of the asset. Because it uses blockchain technology to exchange tokens, tokenization reduces transaction costs dramatically. These tokens allow investors to sell and acquire real estate without having to pay the typical closing charges.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Fiserv (United States), Visa (United States), Mastercard (United States), Micro Focus (United Kingdom), American Express (United States), Thales (France), Lookout (United States), Futurex (United States), CardConnect (United States) and FIS (United States) |
CAGR | % |
Some of the companies' favored market-exploration techniques include mergers and acquisitions, expansions, investments, new service launches, and collaborations. The company is giving its fair share of the company's expansion. The major key players like Fiserv, Visa, Micro Focus, and Mastercard are contributing their share to increasing the market growth. The world's top cybersecurity Corporation, Symantec Corporation, has announced the opening of a new privacy research center in Saarbrucken, Germany. The goal of the new site is to provide customers more control over their data and online footprints, as well as to give governments and organizations more tools to assist them to be responsible data custodians.
Fiserv (United States), Visa (United States), Mastercard (United States), Micro Focus (United Kingdom), American Express (United States), Thales (France), Lookout (United States), Futurex (United States), CardConnect (United States) and FIS (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are HelpSystems (United States), TokenEx (United States), Entrust (United States), Verifone (United States), Bluefin (United States) and WEX (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Real Estate Tokenization market by Type , by Application (Payment Security, User Authentication and Compliance Management) and Region with country level break-up.
On the basis of geography, the market of Real Estate Tokenization has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
In Sept 2021, Cipher Trace, a major cryptocurrency intelligence firm, was acquired by Mastercard. The combination of Mastercard's cybersecurity solutions and Cipher Trace’s digital assets would give organizations more transparency and assist them to spot dangers. and In June 2021, Micro Focus and Amazon Web Services (AWS) partnered to bring Voltage Secure Data and Amazon Macie together. This connection offered AWS clients automatic risk remediation, reducing the chance of a data breach while ensuring compliance with data privacy regulations.
Influencing Trend:
High Demand for Blockchain Technology in the Real Estate Sector
Market Growth Drivers:
Tokenization Reduces the Risk of Data Breaches, To Enhance the Conventional Real Estate Industry by Reliable Tracking of Ownership and Tokenization Has Lowered the Barrier to Entry for Investment
Challenges:
A Lack of Skilled Workforce Is Required and The User Adoption Process Creates Poor Management
Restraints:
Increasing Complexities and Fraud Prevention and Security Tokens are Not Regulated across the Globe
Opportunities:
The Rise in Demand for Cloud-Based Application and Advanced New Technologies in the Tokenization Process
Key Target Audience
Industry Association, Downstream Vendors, Marketing & Consulting firms, Venture Capitalists, Government & Regulatory Bodies and Investors