Tokenization Market: By Component By Deployment Mode, By Application, By End Users, And Geography   

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Tokenization Market Size, Share, Growth, Trends, and Global Industry Analysis: By Component (Solutions and Services) By Deployment Mode (Cloud and On-Premises), By Application (Payment Security, User Authentication, and Compliance Management), By End Users (BFSI, Healthcare, IT & Telecom, Retail & E-Commerce, and Education), And Region   

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Tokenization Market size was valued at US$ 2,890.2 million in 2023 growing at a significant CAGR of 18.2% from 2024-2030. 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 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 payment methods in all sectors can lead to the market growth. Moreover, growing demand for customer experience and increasing data management difficulties are primary factors that can boost the 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 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 market.

Recent  Tokenization  Market  Key Developments

  • In August 2021, a new mobile security catering to small businesses was launched by Lookout, Inc. to diversify the portfolio of the company 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.

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Tokenization Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

18.2%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Tokenization Market Dynamics

One of the major reasons for the growth of the 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

Tokenization Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 2,890.2 million

Market CAGR

18.2%

By Component

  • Solutions
  • Services

By Application

  • Payment Security
  • User Authentication
  • Compliance Management

By End User

  • BFSI
  • Healthcare
  • IT & Telecom
  • Retail & E-Commerce
  • Education

Key Features of the Report

  • The tokenization market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

Tokenization market size was valued at US$ 2,890.2 million in 2023 growing at a significant CAGR of 18.2% from 2024-2030.

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

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

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, 2019-2023 and Forecast, 2024-2030
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Tokenization Market, By Component, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1. Solutions
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1. Cloud
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1. Medical Imaging
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.1. BFSI
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2019-2023 and Forecast, 2024-2030 (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, 2024-2030
10. North America Tokenization Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
10.1. Component Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Solutions
10.1.2. Services
10.2. Deployment Mode Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Cloud
10.2.2. On-Premises
10.3. Application Analysis 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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, 2024-2030
10.7. North America Tokenization Market Dynamics - Trends
11. Europe Tokenization Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
11.1. Component Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Solutions
11.1.2. Services
11.2. Deployment Mode Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Cloud
11.2.2. On-Premises
11.3. Application Analysis 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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, 2024-2030
11.7. Europe Tokenization Market Dynamics - Trends
12. Asia-Pacific Tokenization Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
12.1. Component Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Solutions
12.1.2. Services
12.2. Deployment Mode Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Cloud
12.2.2. On-Premises
12.3. Application Analysis 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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, 2024-2030
12.7. Asia-Pacific Tokenization Market Dynamics - Trends
13. Latin America Tokenization Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
13.1. Component Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Solutions
13.1.2. Services
13.2. Deployment Mode Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Cloud
13.2.2. On-Premises
13.3. Application Analysis 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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, 2024-2030
13.7. Latin America Tokenization Market Dynamics - Trends
14. Middle East and Africa Tokenization Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
14.1. Component Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Solutions
14.1.2. Services
14.2. Deployment Mode Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Cloud
14.2.2. On-Premises
14.3. Application Analysis 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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, 2024-2030
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

Key Market Players

  • Symantec Corporation (US)
  • Gemalto NV (Netherlands)
  • Fiserv Inc. (US)
  • Paymetric Inc. (US)
  • First Data Corporation (US)
  • CipherCloud (US)
  • Futurex (US)
  • CardConnect Corp. (US)
  • 3Delta Systems Inc. (US)
  • Thales e-Security Inc. (US)

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