Global Tokenization Market Report 2023: Rising Customer Inclination towards Contactless Payments Boosts Market Growth


Dublin, March 24, 2023 (GLOBE NEWSWIRE) -- The "Tokenization: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Tokenization estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$8.8 Billion by 2030, growing at a CAGR of 19.4% over the analysis period 2022-2030.

Solutions, one of the segments analyzed in the report, is projected to record 20.5% CAGR and reach US$6.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 16.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $814.8 Million, While China is Forecast to Grow at 24.5% CAGR

The Tokenization market in the U.S. is estimated at US$814.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 24.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.3% and 18.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 17.4% CAGR.

Select Competitors (Total 190 Featured) -

  • American Express Company
  • AsiaPay Limited
  • Bluefin Payment Systems LLC
  • Cardlink
  • Fiserv, Inc.
  • Futurex LP
  • HelpSystems, LLC
  • HST Campinas, SP
  • IntegraPay
  • Marqeta, Inc.
  • Mastercard Inc.
  • MeaWallet AS
  • Micro Focus International plc
  • Paragon Payment Solutions
  • Sequent Software Inc.
  • Shift4 Payments, LLC
  • Sygnum Bank AG
  • Thales TCT
  • TokenEx, LLC
  • VeriFone, Inc.
  • Visa Inc.

Key Attributes:

Report AttributeDetails
No. of Pages455
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$2.1 Billion
Forecasted Market Value (USD) by 2030$8.8 Billion
Compound Annual Growth Rate19.6%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Tokenization - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • Shift towards Digital Technologies Enhances Prospects for Security Technologies & Solutions
  • Global Cybersecurity Market Growth Outlook (In %) for Years 2019 through 2025
  • Heightened Threat of Data Breaches During Pandemic Supports Tokenization Market
  • Threat to Security and Privacy: Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
  • Pandemic Propels Payment System Ecosystem to Entirely New Levels with Tokenization & Other Approaches
  • An Introduction to Tokenization
  • Objective of Tokenization
  • PCI DSS and Tokenization
  • Focus on Fraud Prevention & Payment Security Gives Extraordinary Thrust to Global Tokenization Market
  • Surge in Online Payments & Contactless Payments Accelerate Market Growth
  • Solution Segment & BFSI Vertical Sweep Tokenization Market with Majority Stake
  • SMEs Segment to Exhibit Rapid Growth
  • Developed Regions Lead the Global Tokenization Market
  • World Brands
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Digital Transformation of Businesses and the Imperative Need to Ensure Security of Sensitive Data to Spur Tokenization Market
  • Global Digital Data Created (In Zettabytes) for the Years 2015, 2020, 2025, and 2030
  • Digital Transformation Accelerates Demand for Tools to Safeguard Sensitive Data: Global Digital Transformation Spending (in US$ Billion) for 2017-2023
  • Data Tokenization: Unlocking the Potential of Data-Based Economy
  • Encryption Vs Tokenization: A Comparative Review
  • Use Cases of Tokenization and Encryption
  • BFSI: The Major End-Use Vertical for Tokenization Solutions
  • Surge in Digital Transactions to Boost Need for Tokenization
  • Top Countries in Digital Transactions Worldwide: Breakdown of Real-time Transaction Volume by Country for 2020
  • Rising Customer Inclination towards Contactless Payments Amidst the Pandemic Boosts Market Growth
  • Global Contactless Payments Market Size (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
  • Is COVID-19 Scenario Making Payment Space to Bid Adieu to Cash Payments?
  • Steep Rise in Fraud Attacks amid COVID-19 Predicament Marks Opportunity for Tokenization Market
  • Financial Losses in the US Due to Internet Crime in US$ Million: 2012-2020
  • Cumulative Global Online Fraud (In US$ Billion) by Region during 2020 to 2024
  • With Mobile Wallets Going Mainstream, Tokenization Comes into Play to Ensure Security of Transactions
  • Common Reasons for Use of Digital Wallets: % Share of Users by Reason Cited for 2020
  • Digital Wallet Adoption by Generation: % of People Using Digital Wallets in 2020
  • Retail and E-Commerce Market to Record High Adoption of Tokenization Solutions
  • Global B2C E-Commerce Sales in US$ Trillion for the Years 2019, 2021, 2023 & 2025
  • Retail M-Commerce Sales as % of Retail E-commerce Sales Worldwide for the Years 2016, 2018, 2020 & 2022
  • Advantages of Tokenization for the Rising E-commerce Space
  • Pandemic Fast Forwards eCommerce Growth
  • Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
  • Data Tokenization Becomes Important for Government Agencies
  • Tokenization Becomes Relevant Amidst Digitization of Infrastructure in Energy & Utilities
  • Compliance with Strict Regulatory Guidelines Drives Enterprises to Adopt Tokenization Solutions
  • Growing Proliferation of Cloud-based Solutions & Services Presents Market Opportunity
  • SMEs Witness High Adoption of Tokenization Solutions
  • Global Tokenization Market Breakdown of Revenues (in %) by Organization Type for 2020
  • Growing Importance of Tokenization in Natural Language Processing (NLP)
  • Tokenization Emerges a Key Strategy to Improve Customer Experience and Enhance Revenue Generation
  • Protection of Sensitive Application Data in DevOps Enhances Need for Tokenization
  • Global DevOps Market by Geographic Region (in US$ Thousand) for 2020 and 2027
  • Challenges Facing Tokenization Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/h6gft1

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Global Market for Tokenization

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