Global Payment Tokenization Market Research Report 2023

Payment Tokenization Market

The global Payment Tokenization market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Payment Tokenization is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Payment Tokenization is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Payment Tokenization in BFSI is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Payment Tokenization include Thales, American Express, Hewlett-Packard Enterprises, Lookout (CipherCloud), Futurex, Protegrity, TokenEx, Fiserv and Global Payments, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Payment Tokenization, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Payment Tokenization.

The Payment Tokenization market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Payment Tokenization market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Payment Tokenization companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Scope of Payment Tokenization Market Report

Core Chapters

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Payment Tokenization Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Service

1.2.3 Software

1.3 Market by Application

1.3.1 Global Payment Tokenization Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 BFSI

1.3.3 IT, Telecom and Media

1.3.4 Healthcare and Pharma

1.3.5 Government and Defense

1.3.6 Others

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Payment Tokenization Market Perspective (2018-2029)

2.2 Payment Tokenization Growth Trends by Region

2.2.1 Global Payment Tokenization Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Payment Tokenization Historic Market Size by Region (2018-2023)

2.2.3 Payment Tokenization Forecasted Market Size by Region (2024-2029)

2.3 Payment Tokenization Market Dynamics

2.3.1 Payment Tokenization Industry Trends

2.3.2 Payment Tokenization Market Drivers

2.3.3 Payment Tokenization Market Challenges

2.3.4 Payment Tokenization Market Restraints

3.1 Global Top Payment Tokenization Players by Revenue

3.1.1 Global Top Payment Tokenization Players by Revenue (2018-2023)

3.1.2 Global Payment Tokenization Revenue Market Share by Players (2018-2023)

3.2 Global Payment Tokenization Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Payment Tokenization Revenue

3.4 Global Payment Tokenization Market Concentration Ratio

3.4.1 Global Payment Tokenization Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Payment Tokenization Revenue in 2022

3.5 Payment Tokenization Key Players Head office and Area Served

3.6 Key Players Payment Tokenization Product Solution and Service

3.7 Date of Enter into Payment Tokenization Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Payment Tokenization Historic Market Size by Type (2018-2023)

4.2 Global Payment Tokenization Forecasted Market Size by Type (2024-2029)

5.1 Global Payment Tokenization Historic Market Size by Application (2018-2023)

5.2 Global Payment Tokenization Forecasted Market Size by Application (2024-2029)

6.1 North America Payment Tokenization Market Size (2018-2029)

6.2 North America Payment Tokenization Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Payment Tokenization Market Size by Country (2018-2023)

6.4 North America Payment Tokenization Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Payment Tokenization Market Size (2018-2029)

7.2 Europe Payment Tokenization Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Payment Tokenization Market Size by Country (2018-2023)

7.4 Europe Payment Tokenization Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Payment Tokenization Market Size (2018-2029)

8.2 Asia-Pacific Payment Tokenization Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Payment Tokenization Market Size by Region (2018-2023)

8.4 Asia-Pacific Payment Tokenization Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Payment Tokenization Market Size (2018-2029)

9.2 Latin America Payment Tokenization Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Payment Tokenization Market Size by Country (2018-2023)

9.4 Latin America Payment Tokenization Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Payment Tokenization Market Size (2018-2029)

10.2 Middle East & Africa Payment Tokenization Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Payment Tokenization Market Size by Country (2018-2023)

10.4 Middle East & Africa Payment Tokenization Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Thales

11.1.1 Thales Company Detail

11.1.2 Thales Business Overview

11.1.3 Thales Payment Tokenization Introduction

11.1.4 Thales Revenue in Payment Tokenization Business (2018-2023)

11.1.5 Thales Recent Development

11.2 American Express

11.2.1 American Express Company Detail

11.2.2 American Express Business Overview

11.2.3 American Express Payment Tokenization Introduction

11.2.4 American Express Revenue in Payment Tokenization Business (2018-2023)

11.2.5 American Express Recent Development

11.3 Hewlett-Packard Enterprises

11.3.1 Hewlett-Packard Enterprises Company Detail

11.3.2 Hewlett-Packard Enterprises Business Overview

11.3.3 Hewlett-Packard Enterprises Payment Tokenization Introduction

11.3.4 Hewlett-Packard Enterprises Revenue in Payment Tokenization Business (2018-2023)

11.3.5 Hewlett-Packard Enterprises Recent Development

11.4 Lookout (CipherCloud)

11.4.1 Lookout (CipherCloud) Company Detail

11.4.2 Lookout (CipherCloud) Business Overview

11.4.3 Lookout (CipherCloud) Payment Tokenization Introduction

11.4.4 Lookout (CipherCloud) Revenue in Payment Tokenization Business (2018-2023)

11.4.5 Lookout (CipherCloud) Recent Development

11.5 Futurex

11.5.1 Futurex Company Detail

11.5.2 Futurex Business Overview

11.5.3 Futurex Payment Tokenization Introduction

11.5.4 Futurex Revenue in Payment Tokenization Business (2018-2023)

11.5.5 Futurex Recent Development

11.6 Protegrity

11.6.1 Protegrity Company Detail

11.6.2 Protegrity Business Overview

11.6.3 Protegrity Payment Tokenization Introduction

11.6.4 Protegrity Revenue in Payment Tokenization Business (2018-2023)

11.6.5 Protegrity Recent Development

11.7 TokenEx

11.7.1 TokenEx Company Detail

11.7.2 TokenEx Business Overview

11.7.3 TokenEx Payment Tokenization Introduction

11.7.4 TokenEx Revenue in Payment Tokenization Business (2018-2023)

11.7.5 TokenEx Recent Development

11.8 Fiserv

11.8.1 Fiserv Company Detail

11.8.2 Fiserv Business Overview

11.8.3 Fiserv Payment Tokenization Introduction

11.8.4 Fiserv Revenue in Payment Tokenization Business (2018-2023)

11.8.5 Fiserv Recent Development

11.9 Global Payments

11.9.1 Global Payments Company Detail

11.9.2 Global Payments Business Overview

11.9.3 Global Payments Payment Tokenization Introduction

11.9.4 Global Payments Revenue in Payment Tokenization Business (2018-2023)

11.9.5 Global Payments Recent Development

11.10 Visa (CyberSource)

11.10.1 Visa (CyberSource) Company Detail

11.10.2 Visa (CyberSource) Business Overview

11.10.3 Visa (CyberSource) Payment Tokenization Introduction

11.10.4 Visa (CyberSource) Revenue in Payment Tokenization Business (2018-2023)

11.10.5 Visa (CyberSource) Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Payment Tokenization Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Service

    Table 3. Key Players of Software

    Table 4. Global Payment Tokenization Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 5. Global Payment Tokenization Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Payment Tokenization Market Size by Region (2018-2023) & (US$ Million)

    Table 7. Global Payment Tokenization Market Share by Region (2018-2023)

    Table 8. Global Payment Tokenization Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 9. Global Payment Tokenization Market Share by Region (2024-2029)

    Table 10. Payment Tokenization Market Trends

    Table 11. Payment Tokenization Market Drivers

    Table 12. Payment Tokenization Market Challenges

    Table 13. Payment Tokenization Market Restraints

    Table 14. Global Payment Tokenization Revenue by Players (2018-2023) & (US$ Million)

    Table 15. Global Payment Tokenization Market Share by Players (2018-2023)

    Table 16. Global Top Payment Tokenization Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Payment Tokenization as of 2022)

    Table 17. Ranking of Global Top Payment Tokenization Companies by Revenue (US$ Million) in 2022

    Table 18. Global 5 Largest Players Market Share by Payment Tokenization Revenue (CR5 and HHI) & (2018-2023)

    Table 19. Key Players Headquarters and Area Served

    Table 20. Key Players Payment Tokenization Product Solution and Service

    Table 21. Date of Enter into Payment Tokenization Market

    Table 22. Mergers & Acquisitions, Expansion Plans

    Table 23. Global Payment Tokenization Market Size by Type (2018-2023) & (US$ Million)

    Table 24. Global Payment Tokenization Revenue Market Share by Type (2018-2023)

    Table 25. Global Payment Tokenization Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 26. Global Payment Tokenization Revenue Market Share by Type (2024-2029)

    Table 27. Global Payment Tokenization Market Size by Application (2018-2023) & (US$ Million)

    Table 28. Global Payment Tokenization Revenue Market Share by Application (2018-2023)

    Table 29. Global Payment Tokenization Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 30. Global Payment Tokenization Revenue Market Share by Application (2024-2029)

    Table 31. North America Payment Tokenization Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 32. North America Payment Tokenization Market Size by Country (2018-2023) & (US$ Million)

    Table 33. North America Payment Tokenization Market Size by Country (2024-2029) & (US$ Million)

    Table 34. Europe Payment Tokenization Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 35. Europe Payment Tokenization Market Size by Country (2018-2023) & (US$ Million)

    Table 36. Europe Payment Tokenization Market Size by Country (2024-2029) & (US$ Million)

    Table 37. Asia-Pacific Payment Tokenization Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 38. Asia-Pacific Payment Tokenization Market Size by Region (2018-2023) & (US$ Million)

    Table 39. Asia-Pacific Payment Tokenization Market Size by Region (2024-2029) & (US$ Million)

    Table 40. Latin America Payment Tokenization Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 41. Latin America Payment Tokenization Market Size by Country (2018-2023) & (US$ Million)

    Table 42. Latin America Payment Tokenization Market Size by Country (2024-2029) & (US$ Million)

    Table 43. Middle East & Africa Payment Tokenization Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 44. Middle East & Africa Payment Tokenization Market Size by Country (2018-2023) & (US$ Million)

    Table 45. Middle East & Africa Payment Tokenization Market Size by Country (2024-2029) & (US$ Million)

    Table 46. Thales Company Detail

    Table 47. Thales Business Overview

    Table 48. Thales Payment Tokenization Product

    Table 49. Thales Revenue in Payment Tokenization Business (2018-2023) & (US$ Million)

    Table 50. Thales Recent Development

    Table 51. American Express Company Detail

    Table 52. American Express Business Overview

    Table 53. American Express Payment Tokenization Product

    Table 54. American Express Revenue in Payment Tokenization Business (2018-2023) & (US$ Million)

    Table 55. American Express Recent Development

    Table 56. Hewlett-Packard Enterprises Company Detail

    Table 57. Hewlett-Packard Enterprises Business Overview

    Table 58. Hewlett-Packard Enterprises Payment Tokenization Product

    Table 59. Hewlett-Packard Enterprises Revenue in Payment Tokenization Business (2018-2023) & (US$ Million)

    Table 60. Hewlett-Packard Enterprises Recent Development

    Table 61. Lookout (CipherCloud) Company Detail

    Table 62. Lookout (CipherCloud) Business Overview

    Table 63. Lookout (CipherCloud) Payment Tokenization Product

    Table 64. Lookout (CipherCloud) Revenue in Payment Tokenization Business (2018-2023) & (US$ Million)

    Table 65. Lookout (CipherCloud) Recent Development

    Table 66. Futurex Company Detail

    Table 67. Futurex Business Overview

    Table 68. Futurex Payment Tokenization Product

    Table 69. Futurex Revenue in Payment Tokenization Business (2018-2023) & (US$ Million)

    Table 70. Futurex Recent Development

    Table 71. Protegrity Company Detail

    Table 72. Protegrity Business Overview

    Table 73. Protegrity Payment Tokenization Product

    Table 74. Protegrity Revenue in Payment Tokenization Business (2018-2023) & (US$ Million)

    Table 75. Protegrity Recent Development

    Table 76. TokenEx Company Detail

    Table 77. TokenEx Business Overview

    Table 78. TokenEx Payment Tokenization Product

    Table 79. TokenEx Revenue in Payment Tokenization Business (2018-2023) & (US$ Million)

    Table 80. TokenEx Recent Development

    Table 81. Fiserv Company Detail

    Table 82. Fiserv Business Overview

    Table 83. Fiserv Payment Tokenization Product

    Table 84. Fiserv Revenue in Payment Tokenization Business (2018-2023) & (US$ Million)

    Table 85. Fiserv Recent Development

    Table 86. Global Payments Company Detail

    Table 87. Global Payments Business Overview

    Table 88. Global Payments Payment Tokenization Product

    Table 89. Global Payments Revenue in Payment Tokenization Business (2018-2023) & (US$ Million)

    Table 90. Global Payments Recent Development

    Table 91. Visa (CyberSource) Company Detail

    Table 92. Visa (CyberSource) Business Overview

    Table 93. Visa (CyberSource) Payment Tokenization Product

    Table 94. Visa (CyberSource) Revenue in Payment Tokenization Business (2018-2023) & (US$ Million)

    Table 95. Visa (CyberSource) Recent Development

    Table 96. Research Programs/Design for This Report

    Table 97. Key Data Information from Secondary Sources

    Table 98. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Payment Tokenization Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Payment Tokenization Market Share by Type: 2022 VS 2029

    Figure 3. Service Features

    Figure 4. Software Features

    Figure 5. Global Payment Tokenization Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 6. Global Payment Tokenization Market Share by Application: 2022 VS 2029

    Figure 7. BFSI Case Studies

    Figure 8. IT, Telecom and Media Case Studies

    Figure 9. Healthcare and Pharma Case Studies

    Figure 10. Government and Defense Case Studies

    Figure 11. Others Case Studies

    Figure 12. Payment Tokenization Report Years Considered

    Figure 13. Global Payment Tokenization Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 14. Global Payment Tokenization Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 15. Global Payment Tokenization Market Share by Region: 2022 VS 2029

    Figure 16. Global Payment Tokenization Market Share by Players in 2022

    Figure 17. Global Top Payment Tokenization Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Payment Tokenization as of 2022)

    Figure 18. The Top 10 and 5 Players Market Share by Payment Tokenization Revenue in 2022

    Figure 19. North America Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. North America Payment Tokenization Market Share by Country (2018-2029)

    Figure 21. United States Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Canada Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. Europe Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. Europe Payment Tokenization Market Share by Country (2018-2029)

    Figure 25. Germany Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. France Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. U.K. Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Italy Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Russia Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Nordic Countries Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Asia-Pacific Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Asia-Pacific Payment Tokenization Market Share by Region (2018-2029)

    Figure 33. China Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. Japan Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. South Korea Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Southeast Asia Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. India Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Australia Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Latin America Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Latin America Payment Tokenization Market Share by Country (2018-2029)

    Figure 41. Mexico Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Brazil Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Middle East & Africa Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Middle East & Africa Payment Tokenization Market Share by Country (2018-2029)

    Figure 45. Turkey Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 46. Saudi Arabia Payment Tokenization Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 47. Thales Revenue Growth Rate in Payment Tokenization Business (2018-2023)

    Figure 48. American Express Revenue Growth Rate in Payment Tokenization Business (2018-2023)

    Figure 49. Hewlett-Packard Enterprises Revenue Growth Rate in Payment Tokenization Business (2018-2023)

    Figure 50. Lookout (CipherCloud) Revenue Growth Rate in Payment Tokenization Business (2018-2023)

    Figure 51. Futurex Revenue Growth Rate in Payment Tokenization Business (2018-2023)

    Figure 52. Protegrity Revenue Growth Rate in Payment Tokenization Business (2018-2023)

    Figure 53. TokenEx Revenue Growth Rate in Payment Tokenization Business (2018-2023)

    Figure 54. Fiserv Revenue Growth Rate in Payment Tokenization Business (2018-2023)

    Figure 55. Global Payments Revenue Growth Rate in Payment Tokenization Business (2018-2023)

    Figure 56. Visa (CyberSource) Revenue Growth Rate in Payment Tokenization Business (2018-2023)

    Figure 57. Bottom-up and Top-down Approaches for This Report

    Figure 58. Data Triangulation

    Figure 59. Key Executives Interviewed