Tokenization Market - Trends Forecast Till 2028

Tokenization Market by Component Application Area, Tokenization Technique, Deployment Mode, Organization Size, Vertical (BFSI, Healthcare, IT and ITes, Government, Retail and eCommerce, Energy and Utilities), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-IT-TM-1056

Format:  

Number of Pages: 385

Domain: IT & Telecom

Tokenization Market – Trends Forecast Till 2028

Tokenization Market size was valued at USD 1,526.90 Million in 2020 and is projected to reach USD 7,766.87 Million by 2028, growing at a CAGR of 22.57 % from 2021 to 2028.

Tokenization is the process of converting sensitive data into non-sensitive data known as “tokens” that can be utilized in a database or internal system without exposing it to the public. Tokenization can be used to safeguard sensitive data by replacing it with an irrelevant value of the same length and format as the original.

Increasing need to stay compliant with regulations and growing need to ensure continuous customer experience as well as maintain fraud prevention levels due to increased financial crimes are some of the factors that have supported long-term expansion for Tokenization Market.

Tokenization Market Size Forecast

North America to hold the largest market size during the forecast period. Being a highly regulated region, the presence of regulations such as CCPA, surge in cyberattacks, especially payment frauds across industries, is expected to drive the need for tokenization solutions and services across North America.

Tokenization Market is segmented into component, services, application area, tokenization technique, deployment mode, organization size, verticals and region.

On the basis of Component

  • Solutions
  • Services                                                        

On the basis of Services

  • Professional Services
  • Managed Services

On the basis of Application Area

  • Payment Security
  • User Authentication
  • Compliance Management

On the basis of Tokenization Technique

  • API-Based
  • Gateway-Based

On the basis of Deployment Mode

  • On-premises
  • Cloud

On the basis of Organization Size

  • SMEs
  • Large enterprises

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Tokenization Market Primary Respondent

 

Key Players

  • Visa
  • Thales e-Security
  • Symantec
  • Micro Focus
  • Fiserv
  • Gemalto
  • First Data
  • Worldpay
  • Dell Technologies
  • Cipher Cloud.

Recent Developments

  • In August 2020, Federal Bank chose Fiserv to support the launch of their first independent credit card.
  • In July 2020, Bank of Baroda’s partnered with Fiserv for digital transformation.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Tokenization Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 22.57% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

component, services, application area, tokenization technique, deployment mode, organization size, verticals and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Visa, Thales e-Security, Symantec, Micro Focus, Fiserv, Gemalto, First Data, Worldpay, Dell Technologies, and CipherCloud.

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