Tokenization Global Market Report 2022: With Mobile Wallets Going Mainstream, Tokenization Comes into Play to Ensure Security of Transactions


Dublin, Oct. 26, 2022 (GLOBE NEWSWIRE) -- The "Tokenization - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Tokenization Market to Reach $5.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Tokenization estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at a CAGR of 18.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 19.6% CAGR and reach US$3.6 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% CAGR for the next 7-year period.

The U.S. Market is Estimated at $604.4 Million, While China is Forecast to Grow at 23.7% CAGR

The Tokenization market in the U.S. is estimated at US$604.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$586.8 Million by the year 2027 trailing a CAGR of 23.7% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.4% and 17.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.5% 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 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
  • Digital Transformation Accelerates Demand for Tools to Safeguard Sensitive Data
  • 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
  • Rising Customer Inclination towards Contactless Payments Amidst the Pandemic Boosts Market Growth
  • Steep Rise in Fraud Attacks amid COVID-19 Predicament Marks Opportunity for Tokenization Market
  • With Mobile Wallets Going Mainstream, Tokenization Comes into Play to Ensure Security of Transactions
  • Retail and E-Commerce Market to Record High Adoption of Tokenization Solutions
  • Advantages of Tokenization for the Rising E-commerce Space
  • Pandemic Fast Forwards eCommerce Growth
  • 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
  • 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
  • Challenges Facing Tokenization Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 190

For more information about this report visit https://www.researchandmarkets.com/r/9mvpj6

Attachment

 
Global Market for Tokenization

Contact Data