Global Tokenization Market Overview And Prospects
Learn about the global tokenization market through The Business Research Company, which provides information on tokenization market size, tokenization market drivers and restraints, tokenization market players, the COVID-19 impact on the tokenization market, and more.
The global tokenization market size is expected to grow from $1.92 billion in 2021 to $2.32 billion in 2022 at a compound annual growth rate (CAGR) of 21.09%. The change in the market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The global tokenization market size is expected to reach $5.45 billion in 2026 at a CAGR of 23.74%.
The increasing amount of digital and contactless payments is expected to propel the growth of the tokenization market during the forecast period.
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The tokenization market consists of sales of tokenization services and solutions by entities (organizations, sole traders, and partnerships). Tokenization is a method of converting sensitive data into non-sensitive data, referred to as a token. The token has no extrinsic or exploitable meaning or value; it is a piece of data that represents another, more valuable piece of information. Tokenization protects sensitive data such as credit card data, medical information, social security numbers and others while preserving its business utility.
Global Tokenization Market Segments Include:
By Component: Solutions, Services
By Service: Professional Services, Managed Services
By Application Area: Payment Security, User Authentication, Compliance Management
By Vertical: Banking, Financial Services, and Insurance, Healthcare, IT And ITeS, Government, Retail and eCommerce, Energy and Utilities, Others
By Organization Size: Large Enterprises, SMEs
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the tokenization market in 2021.
The integration of tokenization in wearable devices is a key trend gaining popularity in the tokenization market. Companies are focusing on enabling merchant system interaction with consumer wearables, utilizing the power of tokenization.
TBRC’s tokenization market report covers:
Major Market Players: Fiserv, Inc., Visa, American Express Company, CipherCloud, Inc., TokenEx, Futurex, Symantec, AsiaPay Limited, MeaWallet, Thales Trusted Cyber Technologies, Mastercard Inc., Entrust Corporation, Bluefin Payment Systems, Sygnum Bank AG and HST
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Tokenization Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides tokenization market overviews, analyzes and forecasts market size, share, tokenization market players, tokenization market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s tokenization market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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