Product Code: PM2417
The global tokenization market size is expected to reach USD 10.75 Billion by 2030 according to a new study by Polaris Market Research. The report "Tokenization Market Share, Size, Trends, Industry Analysis Report, By Component (Solutions, Services); By Technique (API-based, Gateway-based); By Application; By Vertical; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Factors such as the increasing number of data breaches have increased demand for the industry to reduce the risk of data breaches, pushing the market during the forecast period. Criminals target entrepreneurs who accept credit and debit cards, even though payment information contains a wealth of information. It protects an organization from the financial consequences of data theft. Even in a breach, valuable personal data is rarely available for theft.
The major players have also launched the technology to secure data from rising data breaches. For instance, In 2021, IT Governance found 1,243 security incidents, accounting for 5,126,930,507 breached records. In comparison to 2020, this represents an 11% expansion of government incidents (1,120). In contrast, the percentage of breached records decreased significantly over the same period (20.1 billion). Also, in June 2021, TokenEx, a market leader in cybersecurity, stepped in to stop online thieves. TokenEx created technology that makes data unusable to thieves.
The Oklahoma City-based firm created proprietary technology that "desensitizes" critical information by replacing it with tokenized placeholders that bear no resemblance to the original inputs. Thus, this technology assists the various end-users from data breaches across the globe.
Based on the component, the services segment accounted for the leading share in the global industry. Consultation, training, education, support, and maintenance are all descriptions of professional services. These services help clients understand their alternatives and associated procedures. The solution sector is anticipated to have a larger market share during the forecast period. To safeguard their businesses from rising payment fraud and identity theft, a significant number of SMEs are dispatching these solutions.
Market players such as Micro Focus, Cardconnect, FIS, Fiserv, Futurex, Helpsystems, Lookout, Mastercard, Meawallet, American Express, Thales, Tokenex, Verifone, Entrust, and Visa are some key players operating in the global market.
In October 2021, Razorpay announced new tokenization solutions to businesses to provide end customers with the comfort of saved card transactions while adhering to RBI guidelines. The 'Razorpay TokenHQ' will help facilitate all major card networks, such as Mastercard, RuPay, and Visa. Nearly all of the 5 million business owners who use Razorpay's services will be prepared to accept tokenized card payments.
Polaris Market Research has segmented the tokenization market report based on component, application, tokenization technique, vertical, and region:
Tokenization, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Solutions
Services
Professional Services
Managed Services
Tokenization, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Payment Security
User Authentication
Compliance Management
Tokenization, Technique Outlook (Revenue - USD Billion, 2018 - 2030)
API-based
Gateway-based
Tokenization, Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
Banking, Financial Services and Insurance
Healthcare
IT & ITeS
Government
Retail & eCommerce
Energy & Utilities
Others
Tokenization, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Russia
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Tokenization Market Insights
- 4.1. Tokenization - Industry Snapshot
- 4.2. Tokenization Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Tokenization reduces the risk of data breaches
- 4.2.1.2. Rising demand for cloud-based tokenization solutions and services
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Increase in complexities in the implementation of tokenization and fraud prevention
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Tokenization Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Tokenization Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 5.3. Payment Security
- 5.3.1. Global Tokenization Market, by Payment Security, by Region, 2018 - 2030 (USD Billion)
- 5.4. User Authentication
- 5.4.1. Global Tokenization Market, by User Authentication, by Region, 2018 - 2030 (USD Billion)
- 5.5. Compliance Management
- 5.5.1. Global Tokenization Market, by Compliance Management, by Region, 2018 - 2030 (USD Billion)
6. Global Tokenization Market, by Component
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 6.3. Solutions
- 6.3.1. Global Tokenization Market, by Solutions, by Region, 2018 - 2030 (USD Billion)
- 6.4. Services
- 6.4.1. Global Tokenization Market, by Services, by Region, 2018 - 2030 (USD Billion)
- 6.4.2. Professional Services
- 6.4.2.1. Global Tokenization Market, by Professional Services, by Region, 2018 - 2030 (USD Billion)
- 6.4.3. Managed Services
- 6.4.3.1. Global Tokenization Market, by Managed Services, by Region, 2018 - 2030 (USD Billion)
7. Global Tokenization Market, by Technique
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 7.3. API-based
- 7.3.1. Global Tokenization Market, by API-based, by Region, 2018 - 2030 (USD Billion)
- 7.4. Gateway-based
- 7.4.1. Global Tokenization Market, by Gateway-based, by Region, 2018 - 2030 (USD Billion)
8. Global Tokenization Market, by Vertical
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 8.3. Banking, Financial Services and Insurance
- 8.3.1. Global Tokenization Market, by Banking, Financial Services and Insurance, by Region, 2018 - 2030 (USD Billion)
- 8.4. Healthcare
- 8.4.1. Global Tokenization Market, by Healthcare, by Region, 2018 - 2030 (USD Billion)
- 8.5. IT & ITeS
- 8.5.1. Global Tokenization Market, by IT & ITeS, by Region, 2018 - 2030 (USD Billion)
- 8.6. Government
- 8.6.1. Global Tokenization Market, by Government, by Region, 2018 - 2030 (USD Billion)
- 8.7. Retail & eCommerce
- 8.7.1. Global Tokenization Market, by Retail & eCommerce, by Region, 2018 - 2030 (USD Billion)
- 8.8. Energy & Utilities
- 8.8.1. Global Tokenization Market, by Energy & Utilities, by Region, 2018 - 2030 (USD Billion)
- 8.9. Others
- 8.9.1. Global Other Tokenization Market, by Region, 2018 - 2030 (USD Billion)
9. Global Tokenization Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Tokenization Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 9.3. Tokenization Market - North America
- 9.3.1. North America: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.3.2. North America: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.3.3. North America: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.3.4. North America: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.3.5. Tokenization Market - U.S.
- 9.3.5.1. U.S.: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.3.5.2. U.S.: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.3.5.3. U.S.: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.3.5.4. U.S.: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.3.6. Tokenization Market - Canada
- 9.3.6.1. Canada: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.3.6.2. Canada: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.3.6.3. Canada: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.3.6.4. Canada: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.4. Tokenization Market - Europe
- 9.4.1. Europe: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.2. Europe: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.4.3. Europe: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.4. Europe: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.4.5. Tokenization Market - UK
- 9.4.5.1. UK: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.5.2. UK: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.4.5.3. UK: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.5.4. UK: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.4.6. Tokenization Market - France
- 9.4.6.1. France: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.6.2. France: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.4.6.3. France: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.6.4. France: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.4.7. Tokenization Market - Germany
- 9.4.7.1. Germany: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.7.2. Germany: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.4.7.3. Germany: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.7.4. Germany: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.4.8. Tokenization Market - Italy
- 9.4.8.1. Italy: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.8.2. Italy: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.4.8.3. Italy: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.8.4. Italy: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.4.9. Tokenization Market - Spain
- 9.4.9.1. Spain: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.9.2. Spain: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.4.9.3. Spain: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.9.4. Spain: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.4.10. Tokenization Market - Netherlands
- 9.4.10.1. Netherlands: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.10.2. Netherlands: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.4.10.3. Netherlands: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.10.4. Netherlands: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.4.11. Tokenization Market - Russia
- 9.4.11.1. Russia: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.11.2. Russia.: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.4.11.3. Russia: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.4.11.4. Russia: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.5. Tokenization Market - Asia Pacific
- 9.5.1. Asia Pacific: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.2. Asia Pacific: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.5.3. Asia Pacific: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.4. Asia Pacific: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.5.5. Tokenization Market - China
- 9.5.5.1. China: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.5.2. China.: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.5.5.3. China: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.5.4. China: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.5.6. Tokenization Market - India
- 9.5.6.1. India: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.6.2. India.: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.5.6.3. India: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.6.4. India: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.5.7. Tokenization Market - Japan
- 9.5.7.1. Japan: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.7.2. Japan.: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.5.7.3. Japan: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.7.4. Japan: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.5.8. Tokenization Market - Malaysia
- 9.5.8.1. Malaysia: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.8.2. Malaysia.: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.5.8.3. Malaysia: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.8.4. Malaysia: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.5.9. Tokenization Market - Indonesia
- 9.5.9.1. Indonesia: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.9.2. Indonesia.: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.5.9.3. Indonesia: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.9.4. Indonesia: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.5.10. Tokenization Market - South Korea
- 9.5.10.1. South Korea: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.10.2. South Korea.: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.5.10.3. South Korea: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.5.10.4. South Korea: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.6. Tokenization Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.2. Middle East & Africa: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.6.3. Middle East & Africa: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.6.4. Middle East & Africa: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.6.5. Tokenization Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.5.2. Saudi Arabia: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.6.5.3. Saudi Arabia: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.6.5.4. Saudi Arabia: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.6.6. Tokenization Market - South Africa
- 9.6.6.1. South Africa: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.6.2. South Africa: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.6.6.3. South Africa: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.6.6.4. South Africa: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.6.7. Tokenization Market - Israel
- 9.6.7.1. Israel: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.7.2. Israel: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.6.7.3. Israel: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.6.7.4. Israel: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.6.8. Tokenization Market - UAE
- 9.6.8.1. UAE: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.8.2. UAE: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.6.8.3. UAE: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.6.8.4. UAE: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.7. Tokenization Market - Latin America
- 9.7.1. Latin America: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.2. Latin America: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.7.3. Latin America: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.7.4. Latin America: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.7.5. Tokenization Market - Mexico
- 9.7.5.1. Mexico: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.5.2. Mexico: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.7.5.3. Mexico: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.7.5.4. Mexico: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.7.6. Tokenization Market - Brazil
- 9.7.6.1. Brazil: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.6.2. Brazil: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.7.6.3. Brazil: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.7.6.4. Brazil: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
- 9.7.7. Tokenization Market - Argentina
- 9.7.7.1. Argentina: Tokenization Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.7.2. Argentina: Tokenization Market, by Vertical, 2018 - 2030 (USD Billion)
- 9.7.7.3. Argentina: Tokenization Market, by Component, 2018 - 2030 (USD Billion)
- 9.7.7.4. Argentina: Tokenization Market, by Technique, 2018 - 2030 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. American Express
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Cardconnect
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Entrust
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. FIS
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Fiserv
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Futurex
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Helpsystems
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Lookout
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Mastercard
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Meawallet
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Micro Focus
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Thales
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. Tokenex
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Verifone
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development
- 11.15. Visa
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Benchmarking
- 11.15.4. Recent Development