- Solutions
- Services
Tokenization Market size is expected to be valued at USD 2,890.2 million in 2022 and is expected to grow at a CAGR of 18.2% in 2022-2028. Tokenization is the procedure to exchange complex data for non-sensitive data known as the token which can be used in an internal system or database without bringing it into scope. Tokenized data is irreversible and undecipherable which is unlike encrypted data. Tokens, on their own, do not have any values and so they are useful as they represent something bigger such as a Social Security number (SSN) or credit card primary account number (PAN). However, this mechanism is useful in healthcare, financial institutes, and government institutes in order to convert data into tokens. In the current scenario, tokenization is useful in the educational and training sectors and the corporate world for professional alliances. The increase in contactless real time payments methods in all sectors can lead to the tokenization market growth. Moreover, growing demand for customer experience and increasing difficulties in data management are some primary factors that can boost the global tokenization market. Apart from these, an increase in strict rules and regulatory values leading to advanced security can also accelerate the market in the future. Moreover, increasing tokenization market demand for cloud-based services and solutions can also drive the global market further. However, some factors such as lack of skilled professionals and unfortunate management in generating a user implementation process can restrain the growth of the market. moreover, growing difficulties in tokenization implementation and prevention of fraud. Increasing demand for cloud-based tokenization services and solutions can create an opportunity for the growth of the global tokenization market. Recent Tokenization Market Developments: In August 2021, new mobile security catering to small businesses was launched by Lookout, Inc. to diversify the portfolio of the company in order to provide better solutions. In January 2022, a new platform, Visa Acceptance Cloud (VAC) was announced by Visa to update the abilities of payment facilities.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
One of the major reasons for the growth of the global tokenization market is the increasing cases of data breaches. Tokenization can help in reducing the chances of data breaches. Offenders aim for businesses that receive debit and credit cards as there is a treasure of intellect in payment data. Tokenization helps guard businesses against the adverse financial influences of data stealing. Even in the circumstance of a breach, valued personal information is not there to snip. Credit card tokenization helps online industries advance their data security, from data capture to storage as it removes the real storage of credit card numbers in the internal system and POS machines
The tokenization market is projected to expand at a CAGR of 18.2% during the forecast period
Symantec Corporation (US), Gemalto NV (Netherlands), Fiserv Inc. (US), Paymetric Inc. (US), First Data Corporation (US), CipherCloud (US)
North America is the fastest-growing region for the tokenization market
1. Executive Summary |
2. Global Tokenization Market Introduction |
2.1. Global Tokenization Market – Taxonomy |
2.2. Global Tokenization Market –Definitions |
2.2.1. Component |
2.2.2. Deployment Mode |
2.2.3. Application |
2.2.4. End User |
2.2.5. By Region |
3. Global Tokenization Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Tokenization Market Dynamic Factors - Impact Analysis |
3.6. Global Tokenization Market – Competition Landscape |
3.7. Epidemiology |
4. Global Tokenization Market Analysis, 2017-2021 and Forecast, 2022-2028 |
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Tokenization Market, By Component, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
5.1. Solutions |
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Services |
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Tokenization Market, By Deployment Mode, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
6.1. Cloud |
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. On-Premises |
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Tokenization Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.1. Medical Imaging |
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Payment Security |
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. User Authentication |
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Compliance Management |
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8. Global Tokenization Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
8.1. BFSI |
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Healthcare |
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. IT & Telecom |
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Retail & E-Commerce |
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Education |
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. Global Tokenization Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Tokenization Market - Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Region, 2022-2028 |
10. North America Tokenization Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
10.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Solutions |
10.1.2. Services |
10.2. Deployment Mode Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Cloud |
10.2.2. On-Premises |
10.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.3.1. Payment Security |
10.3.2. User Authentication |
10.3.3. Compliance Management |
10.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.4.1. BFSI |
10.4.2. Healthcare |
10.4.3. IT & Telecom |
10.4.4. Retail & E-Commerce |
10.4.5. Education |
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Tokenization Market - Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Country, 2022-2028 |
10.7. North America Tokenization Market Dynamics – Trends |
11. Europe Tokenization Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
11.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Solutions |
11.1.2. Services |
11.2. Deployment Mode Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Cloud |
11.2.2. On-Premises |
11.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.3.1. Payment Security |
11.3.2. User Authentication |
11.3.3. Compliance Management |
11.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.4.1. BFSI |
11.4.2. Healthcare |
11.4.3. IT & Telecom |
11.4.4. Retail & E-Commerce |
11.4.5. Education |
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Rest of Europe |
11.6. Europe Tokenization Market - Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Country, 2022-2028 |
11.7. Europe Tokenization Market Dynamics – Trends |
12. Asia-Pacific Tokenization Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
12.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Solutions |
12.1.2. Services |
12.2. Deployment Mode Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Cloud |
12.2.2. On-Premises |
12.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.3.1. Payment Security |
12.3.2. User Authentication |
12.3.3. Compliance Management |
12.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.4.1. BFSI |
12.4.2. Healthcare |
12.4.3. IT & Telecom |
12.4.4. Retail & E-Commerce |
12.4.5. Education |
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Tokenization Market - Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Country, 2022-2028 |
12.7. Asia-Pacific Tokenization Market Dynamics – Trends |
13. Latin America Tokenization Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
13.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Solutions |
13.1.2. Services |
13.2. Deployment Mode Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Cloud |
13.2.2. On-Premises |
13.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.3.1. Payment Security |
13.3.2. User Authentication |
13.3.3. Compliance Management |
13.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.4.1. BFSI |
13.4.2. Healthcare |
13.4.3. IT & Telecom |
13.4.4. Retail & E-Commerce |
13.4.5. Education |
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Rest of Latin America |
13.6. Latin America Tokenization Market - Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Country, 2022-2028 |
13.7. Latin America Tokenization Market Dynamics – Trends |
14. Middle East and Africa Tokenization Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
14.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Solutions |
14.1.2. Services |
14.2. Deployment Mode Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Cloud |
14.2.2. On-Premises |
14.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.3.1. Payment Security |
14.3.2. User Authentication |
14.3.3. Compliance Management |
14.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.4.1. BFSI |
14.4.2. Healthcare |
14.4.3. IT & Telecom |
14.4.4. Retail & E-Commerce |
14.4.5. Education |
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. South Africa |
14.5.3. Rest of MEA |
14.6. MEA Tokenization Market- Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Country, 2022-2028 |
14.7. MEA Tokenization Market Dynamics – Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Key Components, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Symantec Corporation (US) |
15.2.2. Gemalto NV (Netherlands) |
15.2.3. Fiserv Inc. (US) |
15.2.4. Paymetric Inc. (US) |
15.2.5. First Data Corporation (US) |
15.2.6. CipherCloud (US) |
15.2.7. Futurex (US) |
15.2.8. CardConnect Corp. (US) |
15.2.9. 3Delta Systems Inc. (US) |
15.2.10. Thales e-Security Inc. (US) |
16. Research Methodology |
17. Key Assumptions and Acronyms |