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

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

The global tokenization market size is expected t-reach USD 10.75 Billion by 2030 according t-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 int-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 t-reduce the risk of data breaches, pushing the market during the forecast period. Criminals target entrepreneurs wh-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 als-launched the technology t-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 t-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 t-stop online thieves. TokenEx created technology that makes data unusable t-thieves.

The Oklahoma City-based firm created proprietary technology that “desensitizes” critical information by replacing it with tokenized placeholders that bear n-resemblance t-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 t-have a larger market share during the forecast period. T-safeguard their businesses from rising payment fraud and identity theft, a significant number of SMEs are dispatching these solutions.

Market players such as Micr-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 t-businesses t-provide end customers with the comfort of saved card transactions while adhering t-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 wh-use Razorpay’s services will be prepared t-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


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
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
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

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