Global Tokenization Market is valued at approximately USD 2.52 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 24.09% over the forecast period 2022-2029. Tokenization is the process of replacing sensitive data with unique identification symbols that retain all of the data's essential information while ensuring its security. The Tokenization market is expanding because of factors such as the rising adoption in the e-commerce industry and increasing government regulation across data security.
UNCTAD reported in 2021 that the growth of online sales has caused the size of the global e-commerce business to climb by around 4% from 2018 to over USD 26.7 trillion in 2019. With an estimated 25.9% of the market in 2020, the Republic of Korea is the dominant region. Moreover, Australia, Canada, China, Singapore, the United Kingdom, and the United States all have retail sales or online shares of the e-commerce business that are, respectively, about 9.4%, 6.2%, 24.9%, 11.7%, 23.3%, and 14%.Whereas rising demand for secure payment gateways and technological advancement and innovations create lucrative opportunities for the market. However, the availability of similar products and lack of awareness hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Tokenization Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing adoption of advanced technology, growing adoption of tokenization solutions, and rising adoption of digital payments. Also, North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing demand penetration of market players, growth activities, and adoption of cloud technology in the forecast period.
Major market players included in this report are:
- Paymetric, Inc.
- Protegrity USA, Inc.
- Broadcom Inc.
- Thales Group
- Hewlett Packard Enterprise Inc
- First Data Corporation
- Cardconnect Corporation
- 3delta Systems, Inc.
- Ciphercloud Incorporation
- Cybersource Corporation
Recent Developments in the Market:
- In May 2018, the world's leading cybersecurity company, Symantec Corporation, announced the establishment of a new privacy research center in Saarbrucken, Germany. The new location's goal is twofold: it wants to give consumers more control over their personal data and online footprints, and it wants to give governments and corporations more tools to help them be responsible custodians of the data they handle.
Global Tokenization Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Deployment, End-user Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
By Deployment:
By End-user Industry:
- BFSI
- Healthcare
- IT
- Government
- Retail And E-Commerce
- Energy & Utilities
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Tokenization Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Tokenization Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Tokenization Market, by Deployment, 2019-2029 (USD Billion)
- 1.2.4. Tokenization Market, by End User industry, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Tokenization Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Tokenization Market Dynamics
- 3.1. Tokenization Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising adoption in the e-commerce industry
- 3.1.1.2. Increasing government regulation across data security
- 3.1.2. Market Challenges
- 3.1.2.1. Availability of similar products and lack of awareness
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising demand for secure payment gateways
- 3.1.3.2. Technological advancement and innovations
Chapter 4. Global Tokenization Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Tokenization Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Tokenization Market by Type, Performance - Potential Analysis
- 6.3. Global Tokenization Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Tokenization Market, Sub Segment Analysis
- 6.4.1. Solution
- 6.4.2. Services
Chapter 7. Global Tokenization Market, by Deployment
- 7.1. Market Snapshot
- 7.2. Global Tokenization Market by Deployment, Performance - Potential Analysis
- 7.3. Global Tokenization Market Estimates & Forecasts by Deployment 2019-2029 (USD Billion)
- 7.4. Tokenization Market, Sub Segment Analysis
- 7.4.1. On Premise
- 7.4.2. Cloud
Chapter 8. Global Tokenization Market, by End User Industry
- 8.1. Market Snapshot
- 8.2. Global Tokenization Market by End User Industry, Performance - Potential Analysis
- 8.3. Global Tokenization Market Estimates & Forecasts by End User Industry 2019-2029 (USD Billion)
- 8.4. Tokenization Market, Sub Segment Analysis
- 8.4.1. BFSI
- 8.4.2. Healthcare
- 8.4.3. IT
- 8.4.4. Government
- 8.4.5. Retail And E-Commerce
- 8.4.6. Energy & Utilities
- 8.4.7. Other
Chapter 9. Global Tokenization Market, Regional Analysis
- 9.1. Tokenization Market, Regional Market Snapshot
- 9.2. North America Tokenization Market
- 9.2.1. U.S. Tokenization Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Deployment breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. End User Industry breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Tokenization Market
- 9.3. Europe Tokenization Market Snapshot
- 9.3.1. U.K. Tokenization Market
- 9.3.2. Germany Tokenization Market
- 9.3.3. France Tokenization Market
- 9.3.4. Spain Tokenization Market
- 9.3.5. Italy Tokenization Market
- 9.3.6. Rest of Europe Tokenization Market
- 9.4. Asia-Pacific Tokenization Market Snapshot
- 9.4.1. China Tokenization Market
- 9.4.2. India Tokenization Market
- 9.4.3. Japan Tokenization Market
- 9.4.4. Australia Tokenization Market
- 9.4.5. South Korea Tokenization Market
- 9.4.6. Rest of Asia Pacific Tokenization Market
- 9.5. Latin America Tokenization Market Snapshot
- 9.5.1. Brazil Tokenization Market
- 9.5.2. Mexico Tokenization Market
- 9.6. Rest of The World Tokenization Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Paymetric, Inc.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Protegrity USA, Inc.
- 10.2.3. Broadcom Inc.
- 10.2.4. Thales Group
- 10.2.5. Hewlett Packard Enterprise Inc
- 10.2.6. First Data Corporation
- 10.2.7. Cardconnect Corporation
- 10.2.8. 3delta Systems, Inc.
- 10.2.9. Ciphercloud Incorporation
- 10.2.10. Cybersource Corporation
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption