Tokenization Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Application Area, By Technology, By Deployment, By Industry Vertical, By Region, And Segment Forecasts, 2022 - 2030

Tokenization Market Growth & Trends

The global tokenization market size is expected to reach USD 13.53 billion by 2030, registering a CAGR of 24.09% from 2022 to 2030, according to a new report by Grand View Research, Inc. Tokenization is a software-based data security technology. The advancements in data and technology have been adopted by industries handling and dealing with sensitive data to offer an improved and significantly secure process for consumers. As the technology has become advanced and easily compatible with various devices, the industries have found it easier to incorporate it and enhance their offerings.

The banking and finance industry’s rapid digitization has enabled banks and financial institutions to solidify the security and impenetrable nature of their services. For instance, in December 2021, PhonePe, a mobile payment application, introduced tokenization in its service and implemented deleting all card on file details after a Reserve Bank of India regulation for the industry.

The main advantage of the technology is that it can be deployed in multiple factors such as online payments, data storage QR-based payments, in-app payments, and so on. The market remains strong even during the current pandemic and the global presence of the industry is growing rapidly as industries push for digitization and follow governmental regulations. This technology has gained immense traction in India after the emergence of a Reserve Bank of India guideline to all merchants and e-commerce platforms to delete all sensitive data of users including their card details by September 30, 2022.

Tokenization is widely present in Europe and North America and is increasingly being adopted in Asia. Tokenization is growing in popularity as it is not for just payment security but also to protect all types of sensitive data. Along with the banking and financial industry, this technology is deployed by the healthcare, information technology, and retail industries. This technology is often deployed in conjunction with encryption to add an even stronger layer of security for sensitive data.

Tokenization Market Report Highlights

  • The solution component segment accounted for over 80.0% share of the total revenue in 2021 owing to industries approaching tokenization companies to secure digitized data
  • The payment security application area segment held the largest revenue share of over 30.0% in 2021
  • The gateway-based technology segment is predicted to record a CAGR of 25.26% from 2022 to 2030
  • The Middle East and Africa is anticipated to register the highest CAGR of 27.52% from 2022 to 2030
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Chapter 1 Methodology and Scope
1.1 Information Procurement
1.1.1 Purchased database
1.1.2 GVR’s internal database
1.1.3 Secondary sources & third party perspective
1.1.4 Primary research
1.2 Information Analysis
1.2.1 Data analysis models
1.3 Market Formulation and Data Visualization
1.4 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
Chapter 3 Market Variables, Trends & Scope
3.1 Market Definitions
3.2 Market Size & Growth Prospects
3.3 Industry Value Chain Analysis
3.4 Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Reducing data breaches of sensitive data
3.4.1.2 safety standard compliance
3.4.1.3 Growing usage of digital payment modes
3.3.2 Market Restraint/Challenges Analysis
3.3.2.1 Complex technological implementation and security challenges
3.3.2.2 Adoption from old technology to tokenization technology
3.3.3 Market opportunity analysis
3.3.3.1 Digitization of banking and finance industry
3.4 Penetration and Growth Prospect Mapping
3.5 Porter’s Five Forces Analysis
3.6 PEST Analysis
3.7 Tokenization Market - Key Company Analysis, 2021
3.8 Tokenization - COVID - 19 Impact Analysis
Chapter 4 Component Estimates and Trend Analysis
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
4.2 Component Analysis & Market Share, 2021 & 2030
4.3 Solution Component
4.3.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
4.4 Services Component
4.4.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5 Technology Estimates and Trend Analysis
5.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
5.2 Technology Movement Analysis & Market Share, 2021 & 2030
5.3 Application Programming Interface-based
5.3.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
5.4 Gateway-based
5.4.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6 Application Area Estimates and Trend Analysis
6.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
6.2 Application Area Analysis & Market Share, 2021 & 2030
6.3 Payment security
6.3.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
6.4 User Authentication
6.4.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
6.5 Compliance Management
6.5.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
6.6 Others
6.6.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7 Industry Vertical Estimates and Trend Analysis
7.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
7.2 Industry Vertical Analysis & Market Share, 2021 & 2030
7.3 Banking, Financial Services and Insurance (BFSI)
7.3.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
7.4 Healthcare
7.4.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
7.5 Information Technology (IT)
7.5.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
7.6 Government
7.6.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
7.7 Retail and E-commerce
7.7.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
7.8 Energy and Utilities
7.8.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
7.9 Others
7.9.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8 Deployment Estimates and Trend Analysis
8.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
8.2 Deployment Movement Analysis & Market Share, 2021 & 2030
8.2.1 Cloud Deployment
8.2.2 Market size estimates and forecasts, 2018 - 2030 (USD Million)
8.3 On-Premises Deployment
8.3.1 Market size estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 9 Regional Estimates & Trend Analysis
9.1 Tokenization Market by Region, 2021 & 2030
9.2 Regional Movement Analysis & Market Share, 2021 & 2030
9.3 North America
9.3.1 North America tokenization market, by component, 2018 - 2030 (USD Million)
9.3.2 North America tokenization market, by technology, 2018 - 2030 (USD Million)
9.3.3 North America tokenization market, by application area, 2018 - 2030 (USD Million)
9.3.4 North America tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.3.5 North America tokenization market, by deployment, 2018 - 2030 (USD Million)
9.3.6 U.S.
9.3.6.1 U.S. tokenization market, by component, 2018 - 2030 (USD Million)
9.3.6.2 U.S. tokenization market, by technology, 2018 - 2030 (USD Million)
9.3.6.3 U.S. tokenization market, by application area, 2018 - 2030 (USD Million)
9.3.6.4 U.S. tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.3.7 U.S. tokenization market, by deployment, 2018 - 2030 (USD Million)
9.3.8 Canada
9.3.8.1 Canada tokenization market, by component, 2018 - 2030 (USD Million)
9.3.8.2 Canada tokenization market, by technology, 2018 - 2030 (USD Million)
9.3.8.3 Canada tokenization market, by application area, 2018 - 2030 (USD Million)
9.3.8.4 Canada tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.3.9 Canada tokenization market, by deployment, 2018 - 2030 (USD Million)
9.4 Europe
9.4.1 Europe tokenization market, by component, 2018 - 2030 (USD Million)
9.4.2 Europe tokenization market, by technology, 2018 - 2030 (USD Million)
9.4.3 Europe tokenization market, by application area, 2018 - 2030 (USD Million)
9.4.4 Europe tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.4.5 Europe tokenization market, by deployment, 2018 - 2030 (USD Million)
9.4.6 Germany
9.4.6.1 Germany tokenization market, by component, 2018 - 2030 (USD Million)
9.4.6.2 Germany tokenization market, by technology, 2018 - 2030 (USD Million)
9.4.6.3 Germany tokenization market, by application area, 2018 - 2030 (USD Million)
9.4.6.4 Germany tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.4.7 Germany tokenization market, by deployment, 2018 - 2030 (USD Million)
9.4.8 U.K.
9.4.8.1 U.K. tokenization market, by component, 2018 - 2030 (USD Million)
9.4.8.2 U.K. tokenization market, by technology, 2018 - 2030 (USD Million)
9.4.8.3 U.K. tokenization market, by application area, 2018 - 2030 (USD Million)
9.4.8.4 U.K. tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.4.9 U.K. tokenization market, by deployment, 2018 - 2030 (USD Million)
9.4.10 Italy
9.4.10.1 Italy tokenization market, by component, 2018 - 2030 (USD Million)
9.4.10.2 Italy tokenization market, by technology, 2018 - 2030 (USD Million)
9.4.10.3 Italy tokenization market, by application area, 2018 - 2030 (USD Million)
9.4.10.4 Italy tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.4.11 Italy tokenization market, by deployment, 2018 - 2030 (USD Million)
9.5 Asia Pacific (APAC)
9.5.1 APAC tokenization market, by component, 2018 - 2030 (USD Million)
9.5.2 APAC tokenization market, by technology, 2018 - 2030 (USD Million)
9.5.3 APAC tokenization market, by application area, 2018 - 2030 (USD Million)
9.5.4 APAC tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.5.5 APAC tokenization market, by deployment, 2018 - 2030 (USD Million)
9.5.6 China
9.5.6.1 China tokenization market, by component, 2018 - 2030 (USD Million)
9.5.6.2 China tokenization market, by technology, 2018 - 2030 (USD Million)
9.5.6.3 China tokenization market, by application area, 2018 - 2030 (USD Million)
9.5.6.4 China tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.5.7 China tokenization market, by deployment, 2018 - 2030 (USD Million)
9.5.8 India
9.5.8.1 India tokenization market, by component, 2018 - 2030 (USD Million)
9.5.8.2 India tokenization market, by technology, 2018 - 2030 (USD Million)
9.5.8.3 India tokenization market, by application area, 2018 - 2030 (USD Million)
9.5.8.4 India tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.5.9 India tokenization market, by deployment, 2018 - 2030 (USD Million)
9.5.10 Japan
9.5.10.1 Japan tokenization market, by component, 2018 - 2030 (USD Million)
9.5.10.2 Japan tokenization market, by technology, 2018 - 2030 (USD Million)
9.5.10.3 Japan tokenization market, by application area, 2018 - 2030 (USD Million)
9.5.10.4 Japan tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.5.11 Japan tokenization market, by deployment, 2018 - 2030 (USD Million)
9.6 Latin America
9.6.1 Latin America
9.6.1.1 Latin America tokenization market, by component, 2018 - 2030 (USD Million)
9.6.1.2 Latin America tokenization market, by technology, 2018 - 2030 (USD Million)
9.6.1.3 Latin America tokenization market, by application area, 2018 - 2030 (USD Million)
9.6.1.4 Latin America tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.6.2 Latin America tokenization market, by deployment, 2018 - 2030 (USD Million)
9.6.3 Brazil
9.6.3.1 Brazil tokenization market, by component, 2018 - 2030 (USD Million)
9.6.3.2 Brazil tokenization market, by technology, 2018 - 2030 (USD Million)
9.6.3.3 Brazil tokenization market, by application area, 2018 - 2030 (USD Million)
9.6.3.4 Brazil tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.6.4 Brazil tokenization market, by deployment, 2018 - 2030 (USD Million)
9.7 Middle East & Africa (MEA)
9.7.1 MEA
9.7.1.1 MEA tokenization market, by component, 2018 - 2030 (USD Million)
9.7.1.2 MEA tokenization market, by technology, 2018 - 2030 (USD Million)
9.7.1.3 MEA tokenization market, by application area, 2018 - 2030 (USD Million)
9.7.1.4 MEA tokenization market, by industry vertical, 2018 - 2030 (USD Million)
9.7.2 MEA tokenization market, by deployment, 2018 - 2030 (USD Million)
Chapter 10 Competitive Landscape
10.1 Visa, Inc.
10.1.1 Company overview
10.1.2 Financial performance
10.1.3 Product benchmarking
10.1.4 Recent developments
10.2 MasterCard, Inc.
10.2.1 Company overview
10.2.2 Financial performance
10.2.3 Product benchmarking
10.2.4 Recent developments
10.3 Fiserv, Inc.
10.3.1 Company overview
10.3.2 Financial performance
10.3.3 Product benchmarking
10.3.4 Recent developments
10.4 Micro Focus International plc
10.4.1 Company overview
10.4.2 Financial performance
10.4.3 Product benchmarking
10.4.4 Recent developments
10.5 American Express Company
10.5.1 Company overview
10.5.2 Financial performance
10.5.3 Product benchmarking
10.5.4 Recent developments
10.6 Thales Group
10.6.1 Company overview
10.6.2 Financial performance
10.6.3 Product benchmarking
10.6.4 Recent developments
10.7 Lookout, Inc.
10.7.1 Company overview
10.7.2 Product benchmarking
10.8 Futurex LP
10.8.1 Company overview
10.8.2 Product benchmarking
10.8.3 Recent developments
10.9 CardConnect (Fiserv, Inc.)
10.9.1 Company overview
10.9.2 Financial performance
10.9.3 Service benchmarking
10.10 FIS Global
10.10.1 Company overview
10.10.2 Financial performance
10.10.3 Product benchmarking
10.10.4 Recent developments

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