Global Tokenization Market Report 2023: Rising Customer Inclination towards Contactless Payments Boosts Market Growth

Dublin, March 24, 2023 (GLOBE NEWSWIRE) -- The "Tokenization: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Tokenization estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$8.8 Billion by 2030, growing at a CAGR of 19.4% over the analysis period 2022-2030.

Solutions, one of the segments analyzed in the report, is projected to record 20.5% CAGR and reach US$6.3 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 16.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $814.8 Million, While China is Forecast to Grow at 24.5% CAGR

The Tokenization market in the U.S. is estimated at US$814.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 24.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.3% and 18.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 17.4% 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 Attributes:

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
• Global Digital Data Created (In Zettabytes) for the Years 2015, 2020, 2025, and 2030
• Digital Transformation Accelerates Demand for Tools to Safeguard Sensitive Data: Global Digital Transformation Spending (in US$ Billion) for 2017-2023
• 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
• Top Countries in Digital Transactions Worldwide: Breakdown of Real-time Transaction Volume by Country for 2020
• Rising Customer Inclination towards Contactless Payments Amidst the Pandemic Boosts Market Growth
• Global Contactless Payments Market Size (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
• Is COVID-19 Scenario Making Payment Space to Bid Adieu to Cash Payments?
• Steep Rise in Fraud Attacks amid COVID-19 Predicament Marks Opportunity for Tokenization Market
• Financial Losses in the US Due to Internet Crime in US$ Million: 2012-2020
• Cumulative Global Online Fraud (In US$ Billion) by Region during 2020 to 2024
• With Mobile Wallets Going Mainstream, Tokenization Comes into Play to Ensure Security of Transactions
• Common Reasons for Use of Digital Wallets: % Share of Users by Reason Cited for 2020
• Digital Wallet Adoption by Generation: % of People Using Digital Wallets in 2020
• Retail and E-Commerce Market to Record High Adoption of Tokenization Solutions
• Global B2C E-Commerce Sales in US$ Trillion for the Years 2019, 2021, 2023 & 2025
• Retail M-Commerce Sales as % of Retail E-commerce Sales Worldwide for the Years 2016, 2018, 2020 & 2022
• Advantages of Tokenization for the Rising E-commerce Space
• Pandemic Fast Forwards eCommerce Growth
• Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
• 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
• Global Tokenization Market Breakdown of Revenues (in %) by Organization Type for 2020
• 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
• Global DevOps Market by Geographic Region (in US$ Thousand) for 2020 and 2027
• Challenges Facing Tokenization Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/h6gft1

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Attachment

• Global Market for Tokenization