Global Tokenization Market Growth (Status and Outlook) 2023-2029

Global Tokenization Market Growth (Status and Outlook) 2023-2029

Tokenization is the process of turning a sensitive data, such as an account number, into a random string of characters called a “token” that has no sensitive data if breached. Tokens are then sent to an organization’s internal systems for use, serve as reference to the original data, and cannot be used to guess those values.
LPI (LP Information)' newest research report, the “Tokenization Industry Forecast” looks at past sales and reviews total world Tokenization sales in 2022, providing a comprehensive analysis by region and market sector of projected Tokenization sales for 2023 through 2029. With Tokenization sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tokenization industry.
This Insight Report provides a comprehensive analysis of the global Tokenization landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tokenization portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tokenization market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tokenization and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tokenization.
The global Tokenization market size is projected to grow from US$ 1115.9 million in 2022 to US$ 2705.3 million in 2029; it is expected to grow at a CAGR of 13.5% from 2023 to 2029.
Global tokenization includes Thales, American Express, Visa (CyberSource), etc. Global top 5 companies hold a share about 40%. North America is the largest market, with a share about 58%, followed by Europe and Asia-Pacific with the share about 23% and 12%.
This report presents a comprehensive overview, market shares, and growth opportunities of Tokenization market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Service Tokenization
Software Tokenization
Segmentation by application
BFSI
IT, Telecom and Media
Healthcare and Pharma
Government and Defense
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Thales
American Express
Hewlett-Packard Enterprises
Lookout (CipherCloud)
Futurex
Protegrity
TokenEx
Fiserv
Global Payments
Visa (CyberSource)

Please note: The report will take approximately 2 business days to prepare and deliver.