Global Tokenization Market 2024-2028
Tokenization Market 2024-2028
The tokenization market is forecasted to grow by USD 4317.2 mn during 2023-2028, accelerating at a CAGR of 25.2% during the forecast period. The report on the tokenization market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of online transactions, rise in use of wireless networks, and surge in compliance requirements.
Technavio's tokenization market is segmented as below:
By Deployment
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing demand for cloud-based services as one of the prime reasons driving the tokenization market growth during the next few years. Also, rise in mobile biometrics for payment and adoption of multi-factor authentication will lead to sizable demand in the market.
The report on the tokenization market covers the following areas:
- Tokenization Market sizing
- Tokenization Market forecast
- Tokenization Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tokenization market vendors that include American Express Co., AsiaPay Ltd., BLUEFIN PAYMENT SYSTEMS LLC, Entrust Corp., Fiserv Inc., Futurex, HelpSystems LLC, Ingenico Group SA, IntegraPay Pty Ltd., Lookout Inc., Marqeta Inc., Mastercard Inc., Meawallet AS, Open Text Corp., Paragon Payment Solutions, SafeNet Assured Technologies LLC, TokenEx, VeriFone Inc., and Visa Inc.. Also, the tokenization market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.