Tokenization market is projected to reach US$ 2709.9 million in 2029, increasing from US$ 1140.7 million in 2022, with the CAGR of 13.0% during the period of 2023 to 2029. Key drivers of the market include the increasing need to stay compliant with regulations, ensuring seamless customer experience, and rising concerns regarding cyberattacks, frauds, and data breaches. Tokenization is the process of turning a meaningful piece of data into a random string of characters called tokens. The data can be an account number or a payment card number etc. Tokens are used as a reference for storing the original sensitive data but cannot be used to guess the sensitive information as it is not based on a mathematical process.
As online payments increase and more people shift towards contactless payment, financial crimes are rising leading to an increase in demand for the tokenization market across the globe. Moreover, Covid-19 has accelerated the growth of the market as more people are now aligning themselves with cloud-based tokenization solutions and services in order to protect their sensitive data against fraud and data breaches.
Rising concerns of cyberattacks and financial frauds are fuelling the market growth
People and businesses are now moving towards contactless payments. As more payments are made online, there is a growing risk of fraud and cyberattacks which compromise the status of people’s personal information in the virtual world. This has led to an increase in demand for cloud-based tokenization solutions and services for data security leading to an increase in the growth of the tokenization market globally.
The tokenization market will further fuel the growth of the market in the coming years
The tokenization market size is going to grow further as the demand for the asset tokenization market rises. Asset tokenization is the process of issuing a token within a blockchain. This token includes anything which has an exchange value such as gold, oil, cattle, etc. Blockchain technology provides immense benefits with respect to fraud prevention and cost-efficiency ratio. Though the asset tokenization market size is still in the early stages, there are still lucrative opportunities for the growth of the tokenization market during the forecast period.
Real estate investments hold potential for providing lucrative opportunities for the growth of the market
Tokenization and the token market provide exciting possibilities for the growth of real estate investments. Tokenization with respect to real estate involves fractional ownership interest of real estate assets with a blockchain technology-based token. Although the real estate sector is in its early stages still it will create lucrative opportunities for the growth of the tokenization market during the forecast period.
The presence of key tokenization companies will further propel the growth of the market
The presence of various tokenization companies with asset tokenization platforms will further propel the growth of the tokenization market during the forecast period. Companies such as Hp Enterprises, CipherCloud, FutureX, Visa, etc are the key market players in the tokenization sector. Microsoft is also offering blockchain as a service through the tokenization framework for entry to blockchain technology for many enterprises. The presence of key players in the sector will increase the demand for the tokenization market across the globe.
Based on region, North America is expected to hold the largest tokenization market share due to various factors such as an increase in eCommerce payments, online gaming, shopping, a fully regulated market, a rise in online streaming, more usage of smartphones, and increasing cyberattack cases. North America is the largest market, with a share about 58%, followed by Europe and Asia-Pacific with the share about 23% and 12%.
Based on application the BFSI sector is expected to hold the largest tokenization market share during the forecast period as BFSI is the prime target for cybercriminals as the sector deals with money. Thus BFSI companies are always on the lookout for more advanced payment security solutions and services for protecting their employees, clients, assets, office, branches, and operations, etc.
Based on type the services and solution segment is expected to hold the largest tokenization market share as small and medium enterprises increase their adoption of tokenization as a service for saving their time, money, and resources.
Global tokenization includes Thales, American Express, Visa (CyberSource), etc. Global top 5 companies hold a share about 40%.
Report Metric | Details |
Report Name | Global Tokenization Market |
Base Year | 2022 |
Forecasted years | 2023-2029 |
By Company |
|
Segment by Type |
|
Segment by Application |
|
By Region |
|
Forecast units | USD million in value |
Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
Ans. Tokenization market is projected to reach US$ 2709.9 million in 2029, increasing from US$ 1140.7 million in 2022, with the CAGR of 13.0% during the period of 2023 to 2029.
Ans. The global Tokenization market is expected to grow at a compound annual growth rate of 13.0% from 2022 to 2028.
Ans. Global tokenization includes Thales, American Express, Visa (CyberSource), etc. Global top 5 companies hold a share about 40%.
Ans. Yes, ChapterWise report available for the Tokenization market.
List of Tables
Table 1. Global Tokenization Market Size Growth Rate by Type (US$ Million): 2017 VS 2021 VS 2028
Table 2. Major Companies of Service Tokenization
Table 3. Major Companies of Software Tokenization
Table 4. Global Tokenization Market Size Growth by Application (US$ Million): 2017 VS 2021 VS 2028
Table 5. Global Tokenization Market Size by Region (US$ Million): 2022 VS 2028
Table 6. Global Tokenization Revenue by Region (2017-2022) & (US$ Million)
Table 7. Global Tokenization Revenue Forecast by Region (2023-2028) & (US$ Million)
Table 8. Tokenization Revenue by Company (2017-2022) & (US$ Million)
Table 9. Tokenization Revenue Share by Company (2017-2022)
Table 10. Ranking of Global Top Tokenization Players by Revenue (US$ Million) in 2021
Table 11. Global Tokenization Companies Market Concentration Ratio (CR5 and HHI) & (2017-2022)
Table 12. Global Tokenization by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Tokenization as of 2021)
Table 13. Global Tokenization Companies Headquarters
Table 14. Global Tokenization Companies Product & Service
Table 15. Date of International Companies Enter into Tokenization Market
Table 16. Global Tokenization Mergers & Acquisitions, Expansion Plans
Table 17. Thales Corporation Information
Table 18. Thales Description and Business Overview
Table 19. Thales Tokenization Revenue (US$ Million) and Gross Margin (2017-2022)
Table 20. Thales Tokenization Product
Table 21. Thales Tokenization Revenue Proportion of Tokenization by Product in 2021
Table 22. Thales Tokenization Revenue Proportion of Tokenization by Application in 2021
Table 23. Thales Tokenization Revenue Proportion of Tokenization by Geographic Area in 2021
Table 24. Thales Recent Development
Table 25. American Express Corporation Information
Table 26. American Express Description and Business Overview
Table 27. American Express Tokenization Revenue (US$ Million) and Gross Margin (2017-2022)
Table 28. American Express Tokenization Product
Table 29. American Express Tokenization Revenue Proportion of Tokenization by Product in 2021
Table 30. American Express Tokenization Revenue Proportion of Tokenization by Application in 2021
Table 31. American Express Tokenization Revenue Proportion of Tokenization by Geographic Area in 2021
Table 32. American Express Recent Development
Table 33. Hewlett-Packard Enterprises Corporation Information
Table 34. Hewlett-Packard Enterprises Description and Business Overview
Table 35. Hewlett-Packard Enterprises Tokenization Revenue (US$ Million) and Gross Margin (2017-2022)
Table 36. Hewlett-Packard Enterprises Tokenization Product
Table 37. Hewlett-Packard Enterprises Tokenization Revenue Proportion of Tokenization by Product in 2021
Table 38. Hewlett-Packard Enterprises Tokenization Revenue Proportion of Tokenization by Application in 2021
Table 39. Hewlett-Packard Enterprises Tokenization Revenue Proportion of Tokenization by Geographic Area in 2021
Table 40. Hewlett-Packard Enterprises Recent Development
Table 41. Lookout (CipherCloud) Corporation Information
Table 42. Lookout (CipherCloud) Description and Business Overview
Table 43. Lookout (CipherCloud) Tokenization Revenue (US$ Million) and Gross Margin (2017-2022)
Table 44. Lookout (CipherCloud) Tokenization Product
Table 45. Lookout (CipherCloud) Tokenization Revenue Proportion of Tokenization by Product in 2021
Table 46. Lookout (CipherCloud) Tokenization Revenue Proportion of Tokenization by Application in 2021
Table 47. Lookout (CipherCloud) Tokenization Revenue Proportion of Tokenization by Geographic Area in 2021
Table 48. Lookout (CipherCloud) Recent Development
Table 49. Futurex Corporation Information
Table 50. Futurex Description and Business Overview
Table 51. Futurex Tokenization Revenue (US$ Million) and Gross Margin (2017-2022)
Table 52. Futurex Tokenization Product
Table 53. Futurex Tokenization Revenue Proportion of Tokenization by Product in 2021
Table 54. Futurex Tokenization Revenue Proportion of Tokenization by Application in 2021
Table 55. Futurex Tokenization Revenue Proportion of Tokenization by Geographic Area in 2021
Table 56. Futurex Recent Development
Table 57. Protegrity Corporation Information
Table 58. Protegrity Description and Business Overview
Table 59. Protegrity Tokenization Revenue (US$ Million) and Gross Margin (2017-2022)
Table 60. Protegrity Tokenization Product
Table 61. Protegrity Tokenization Revenue Proportion of Tokenization by Product in 2021
Table 62. Protegrity Tokenization Revenue Proportion of Tokenization by Application in 2021
Table 63. Protegrity Tokenization Revenue Proportion of Tokenization by Geographic Area in 2021
Table 64. TokenEx Corporation Information
Table 65. TokenEx Description and Business Overview
Table 66. TokenEx Tokenization Revenue (US$ Million) and Gross Margin (2017-2022)
Table 67. TokenEx Tokenization Product
Table 68. TokenEx Tokenization Revenue Proportion of Tokenization by Product in 2021
Table 69. TokenEx Tokenization Revenue Proportion of Tokenization by Application in 2021
Table 70. TokenEx Tokenization Revenue Proportion of Tokenization by Geographic Area in 2021
Table 71. Fiserv Corporation Information
Table 72. Fiserv Description and Business Overview
Table 73. Fiserv Tokenization Revenue (US$ Million) and Gross Margin (2017-2022)
Table 74. Fiserv Tokenization Product
Table 75. Fiserv Tokenization Revenue Proportion of Tokenization by Product in 2021
Table 76. Fiserv Tokenization Revenue Proportion of Tokenization by Application in 2021
Table 77. Fiserv Tokenization Revenue Proportion of Tokenization by Geographic Area in 2021
Table 78. Global Payments Corporation Information
Table 79. Global Payments Description and Business Overview
Table 80. Global Payments Tokenization Revenue (US$ Million) and Gross Margin (2017-2022)
Table 81. Global Payments Tokenization Product
Table 82. Global Payments Tokenization Revenue Proportion of Tokenization by Product in 2021
Table 83. Global Payments Tokenization Revenue Proportion of Tokenization by Application in 2021
Table 84. Global Payments Tokenization Revenue Proportion of Tokenization by Geographic Area in 2021
Table 85. Visa (CyberSource) Corporation Information
Table 86. Visa (CyberSource) Description and Business Overview
Table 87. Visa (CyberSource) Tokenization Revenue (US$ Million) and Gross Margin (2017-2022)
Table 88. Visa (CyberSource) Tokenization Product
Table 89. Visa (CyberSource) Tokenization Revenue Proportion of Tokenization by Product in 2021
Table 90. Visa (CyberSource) Tokenization Revenue Proportion of Tokenization by Application in 2021
Table 91. Visa (CyberSource) Tokenization Revenue Proportion of Tokenization by Geographic Area in 2021
Table 92. Global Tokenization Revenue by Type (2017-2022) & (US$ Million)
Table 93. Global Tokenization Revenue by Application (2017-2022) & (US$ Million)
Table 94. Global Tokenization Revenue Forecast by Application (2023-2028) & (US$ Million)
Table 95. North America Tokenization Revenue by Country (2017-2022) & (US$ Million)
Table 96. North America Tokenization Revenue by Country (2023-2028) & (US$ Million)
Table 97. North America Tokenization Revenue by Type (2017-2022) & (US$ Million)
Table 98. North America Tokenization Revenue by Application (2017-2022) & (US$ Million)
Table 99. Asia-Pacific Tokenization Revenue by Region (2017-2028) & (US$ Million)
Table 100. Asia-Pacific Tokenization Revenue by Region (2023-2028) & (US$ Million)
Table 101. Asia-Pacific Tokenization Revenue by Type (2017-2022) & (US$ Million)
Table 102. Asia-Pacific Tokenization Revenue by Application (2017-2022) & (US$ Million)
Table 103. Europe Tokenization Revenue by Country (2017-2022) & (US$ Million)
Table 104. Europe Tokenization Revenue by Country (2023-2028) & (US$ Million)
Table 105. Europe Tokenization Revenue by Type (2017-2022) & (US$ Million)
Table 106. Europe Tokenization Revenue by Application (2017-2022) & (US$ Million)
Table 107. Latin America Tokenization Revenue by Country (2017-2022) & (US$ Million)
Table 108. Latin America Tokenization Revenue by Country (2023-2028) & (US$ Million)
Table 109. Latin America Tokenization Revenue by Type (2017-2022) & (US$ Million)
Table 110. Latin America Tokenization Revenue by Application (2017-2022) & (US$ Million)
Table 111. Middle East and Africa Tokenization Revenue by Country (2017-2022) & (US$ Million)
Table 112. Middle East and Africa Tokenization Revenue by Country (2023-2028) & (US$ Million)
Table 113. Middle East and Africa Tokenization Revenue by Type (2017-2022) & (US$ Million)
Table 114. Middle East and Africa Tokenization Revenue by Application (2017-2022) & (US$ Million)
Table 115. Tokenization Key Raw Materials, Industry Status and Trend
Table 116. Tokenization Key Raw Materials and Upstream Suppliers
Table 117. Tokenization Clients Status and Trend
Table 118. Tokenization Typical Clients
Table 119. Tokenization Distributors
Table 120. Tokenization Market Trends
Table 121. Tokenization Market Drivers
Table 122. Tokenization Market Challenges
Table 123. Tokenization Market Restraints
Table 124. Research Programs/Design for This Report
Table 125. Key Data Information from Secondary Sources
Table 126. Key Data Information from Primary Sources
List of Figures
Figure 1. Tokenization Product Picture
Figure 2. Global Tokenization Revenue Market Share by Type in 2021 & 2028
Figure 3. Service Tokenization Product Picture
Figure 4. Software Tokenization Product Picture
Figure 5. Global Tokenization Revenue Market Share by Application in 2021 & 2028
Figure 6. BFSI
Figure 7. IT, Telecom and Media
Figure 8. Healthcare and Pharma
Figure 9. Government and Defense
Figure 10. Others
Figure 11. Tokenization Report Years Considered
Figure 12. Global Tokenization Revenue, (US$ Million), 2017 VS 2021 VS 2028
Figure 13. Global Tokenization Market Size 2017-2028 (US$ Million)
Figure 14. Global Tokenization Market Size Market Share by Region: 2022 Versus 2028
Figure 15. Global Tokenization Revenue Market Share by Region (2017-2028)
Figure 16. Tokenization Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2017 VS 2021
Figure 17. Global Tokenization Revenue Market Share Forecast by Type (2017-2028)
Figure 18. Global Tokenization Revenue Market Share Forecast by Application (2017-2028)
Figure 19. North America Tokenization Revenue 2017-2028 (US$ Million)
Figure 20. North America Tokenization Revenue Market Share by Type (2017-2022)
Figure 21. North America Tokenization Revenue Market Share by Application (2017-2022)
Figure 22. Asia-Pacific Tokenization Revenue 2017-2028 (US$ Million)
Figure 23. Asia-Pacific Tokenization Revenue Market Share by Region (2017-2028)
Figure 24. Asia-Pacific Tokenization Revenue Market Share by Type (2017-2022)
Figure 25. Asia-Pacific Tokenization Revenue Market Share by Application (2017-2022)
Figure 26. Europe Tokenization Revenue Growth Rate 2017-2028 (US$ Million)
Figure 27. Europe Tokenization Revenue Market Share by Country (2017-2028)
Figure 28. Europe Tokenization Revenue Market Share by Type (2017-2022)
Figure 29. Europe Tokenization Revenue Market Share by Application (2017-2022)
Figure 30. Latin America Tokenization Revenue Growth Rate 2017-2028 (US$ Million)
Figure 31. Latin America Tokenization Revenue Market Share by Country (2017-2022)
Figure 32. Latin America Tokenization Revenue Market Share by Type (2017-2022)
Figure 33. Latin America Tokenization Revenue Market Share by Application (2017-2022)
Figure 34. Middle East and Africa Tokenization Revenue Growth Rate 2017-2028 (US$ Million)
Figure 35. Middle East and Africa Tokenization Revenue Market Share by Country (2017-2028)
Figure 36. Middle East and Africa Tokenization Revenue Market Share by Type (2017-2022)
Figure 37. Middle East and Africa Tokenization Revenue Market Share by Application (2017-2022)
Figure 38. Tokenization Supply Chain (Upstream and Downstream Market)
Figure 39. Global Production Market Share of Tokenization Raw Materials by Region in 2021
Figure 40. Tokenization Distribution Channels
Figure 41. Global Tokenization Percentage 2017-2028: Indirect Sales VS Direct Sales
Figure 42. Global Tokenization Percentage 2017-2028: Online Sales VS Offline Sales
Figure 43. Bottom-up and Top-down Approaches for This Report
Figure 44. Data Triangulation
Figure 45. Key Executives Interviewed
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