Tokenization Market By Component (Software, Hardware, Services), By End-user (BFSI, Consumer goods & Retail, Education, Defense, Automotive, IT and Telecom, Healthcare, Energy & Utilities, Manufacturing, Others), By Solution (Payment Security, Customer Data Management, Compliance and Encryption) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027
Growing Security Concerns to boost the demand for Tokenization Market
The tokenization market worldwide is expected to grow with a CAGR of 18.9% during the forecast period from 2019 to 2027, starting from US$ 880.9 Mn in 2018. Growth of security concerns worldwide are driving the growth for tokenization market. Tokenization system is a data security system which change the data in unique symbols, known as token and carry all the required information of the sensitive data. Tokenization helps in securing sensitive data information, provides internal protection, reduced data loss chances and others. Nowadays, tokenization system is widely being used by various end-use industries such as BFSI, defense, healthcare and others. Thus, we expect that the tokenization market will show tremendous growth during the forecast period.
BFSI will led the Market
The BFSI (banking, financial services and insurance) segment leads the tokenization market by application in 2018. In the same year, the BFSI segment accounts for nearly 25% of the revenue share. The global banking and capital market industry have US$ 123.7 Tn worth of assets in 2017. To prevent client’s data from disclosure, to prevent credit card fraud, and other deceptions the tokenization system is widely adopted by banks, financial services organizations and insurance companies. As a result, we are expecting significant growth in the BFSI segment during the forecast period.
Asia Pacific will be the Fastest Growing
North America leads the tokenization market in 2018 followed by Europe and Asia Pacific. North America has 1/3rd of the revenue share in the same year. Technological advancements and adoption of tokenization are the major growth factors for the market. We expect that Asia Pacific will be the fastest growing region in the tokenization market during the forecast period. Growth of BFSI industry and rising cash less transactions in the region are the major factors for the growth of Asia Pacific. Consequently, we expect that the Asia Pacific region will be the fastest growing region in the tokenization market throughout the forecast period.
Some of the prominent players operating in the tokenization market First Data Corporation, Gemalto, Fiserv, Inc., Micro Focus, Symantec Corporation, Thales e-Security, Inc., Visa Inc., WEX Inc., Worldpay Group plc, CipherCloud , Liaison Technologies, Inc., Protegrity USA, Inc., TokenEx, Bluefin, Mastercard Incorporated, Ingenico, Discover Financial Services among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The tokenization market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global tokenization market based on component, end-user, solution and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Million |
| Segmentation |
Component Segment (2017–2027; US$ Mn) |
|
End-user Segment (2017–2027; US$ Mn) |
|
|
Solution Segment (2017–2027; US$ Mn) |
|
|
Geography Segment (2017–2027; US$ Mn) |
Key questions answered in this report
- What was the market size of tokenization in 2018 and forecast up to 2027?
- Which is the largest regional market for tokenization?
- What are the major trends followed in overall tokenization across different regions?
- Who are the key tokenization companies leading the market?
- What are the key strategies adopted by the leading tokenization companies in market?
Unique data points of this report
- Statistics on data security worldwide
- Recent trends across different regions in terms of adoption of tokenization across various applications
- Notable developments going on in tokenization market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Tokenization Market
2.1.1 Global Tokenization Market, by Product, 2018 (US$ Mn)
2.1.2 Global Tokenization Market, by Application, 2018 (US$ Mn)
2.1.3 Global Tokenization Market, by Geography, 2018 (US$ Mn)
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key Tokenization Vendors, 2018
Chapter 4 Global Tokenization Market, by Product
4.1 Overview
4.1.1 Global Tokenization Market Value Share, by Product, 2018 & 2027 (Value, %)
4.2 Software
4.2.1 Global Software Market Value, 2017 – 2027 (US$ Mn)
4.2.2 On-premise
4.2.2.1 Global On-premise Market Value, 2017 – 2027 (US$ Mn)
4.2.3 Cloud-based
4.2.3.1 Global Cloud-based Market Value, 2017 – 2027 (US$ Mn)
4.3 Hardware
4.3.1 Global Hardware Market Value, 2017 – 2027 (US$ Mn)
4.4 Services
4.4.1 Global Services Market Value, 2017 – 2027 (US$ Mn)
4.4.2 Managed-services
4.4.2.1 Global Managed-services Market Value, 2017 – 2027 (US$ Mn)
4.2.3 Professional-services
4.2.3.1 Global Professional-services Market Value, 2017 – 2027 (US$ Mn)
Chapter 5 Global Tokenization Market, by Application
5.1 Overview
5.1.1 Global Tokenization Market Value Share, by Application, 2018 & 2027 (Value, %)
5.2 BFSI
5.2.1 Global Tokenization Market Value from BFSI, 2017 – 2027 (US$ Mn)
5.3 Consumer Goods & Retail
5.3.1 Global Tokenization Market Value from Consumer Goods & Retail, 2017 – 2027 (US$ Mn)
5.4 Education
5.4.1 Global Tokenization Market Value from Education, 2017 – 2027 (US$ Mn)
5.5 Defense
5.5.1 Global Tokenization Market Value from Defense, 2017 – 2027 (US$ Mn)
5.6 Automotive
5.6.1 Global Tokenization Market Value from Automotive, 2017 – 2027 (US$ Mn)
5.7 IT & Telecom
5.7.1 Global Tokenization Market Value from IT & Telecom, 2017 – 2027 (US$ Mn)
5.8 Energy & Utilities
5.8.1 Global Tokenization Market Value from Energy & Utilities, 2017 – 2027 (US$ Mn)
5.9 Manufacturing
5.9.1 Global Tokenization Market Value from Manufacturing, 2017 – 2027 (US$ Mn)
5.10 Others (Hospitality, Transportation, etc.)
5.10.1 Global Tokenization Market Value from Others (Hospitality, Transportation, Etc.) 2017 – 2027 (US$ Mn)
Chapter 6 Global Tokenization Market, by Solution
6.1 Overview
6.1.1 Global Tokenization Market Value Share, by Application, 2018 & 2027 (Value, %)
6.2 Payment Security
6.2.1 Global Tokenization Market Value from Payment Security, 2017 – 2027 (US$ Mn)
6.3 Consumer Data & Management
6.3.1 Global Tokenization Market Value from Consumer Data & Management, 2017 – 2027 (US$ Mn)
6.4 Compliance
6.4.1 Global Tokenization Market Value from Compliance, 2017 – 2027 (US$ Mn)
6.5 Encryption
6.5.1 Global Tokenization Market Value from Encryption, 2017 – 2027 (US$ Mn)
Chapter 7 North America Tokenization Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 North America Tokenization Market Analysis, by Product, 2017 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 North America Tokenization Market Analysis, by Application, 2017 – 2027 (US$ Mn)
7.3.1 Market Analysis
7.4 North America Tokenization Market, by Country, 2017 – 2027 (US$ Mn)
7.4.1 Market Analysis
7.4.2 U.S.
7.4.3 Rest of North America
Chapter 8 Europe Tokenization Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 Europe Tokenization Market Analysis, by Product, 2017 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 Europe Tokenization Market Analysis, by Application, 2017 – 2027 (US$ Mn)
8.3.1 Market Analysis
8.4 Europe Tokenization Market, by Country, 2017 – 2027 (US$ Mn)
8.4.1 Market Analysis
8.4.2 U.K.
8.4.3 Germany
8.4.4 France
8.4.5 Rest of Europe
Chapter 9 Asia Pacific Tokenization Market Analysis, 2017 – 2027 (US$ Mn)
9.1 Overview
9.2 Asia Pacific Tokenization Market Analysis, by Product, 2017 – 2027 (US$ Mn)
9.2.1 Market Analysis
9.3 Asia Pacific Tokenization Market Analysis, by Application, 2017 – 2027 (US$ Mn)
9.3.1 Market Analysis
9.4 Asia Pacific Tokenization Market, by Country, 2017 – 2027 (US$ Mn)
9.4.1 Market Analysis
9.4.2 China
9.4.3 Japan
9.4.4 India
9.4.5 Rest of Asia Pacific
Chapter 10 Rest of the World (RoW) Tokenization Market Analysis, 2017 – 2027 (US$ Mn)
10.1 Overview
10.2 RoW Tokenization Market Analysis, by Product, 2017 – 2027 (US$ Mn)
10.2.1 Market Analysis
10.3 RoW Tokenization Market Analysis, by Application, 2017 – 2027 (US$ Mn)
10.3.1 Market Analysis
10.4 RoW Tokenization Market, by Region (US$ Mn)
10.4.1 Market Analysis
10.4.2 Middle East & Africa (MEA)
10.4.3 Latin America
Chapter 11 Company Profiles
11.1 First Data Corporation
11.2 Gemalto
11.3 Fiserv, Inc.
11.4 Micro Focus
11.5 Symantec Corporation
11.6 Thales e-Security, Inc.
11.7 Visa Inc.
11.8 Wex Inc.
11.9 Worldpay Group PLC
11.10 CipherCloud
11.11 Liaison Technologies, Inc.
11.12 Protegrity USA, Inc.
11.13 TokenEx
11.14 Bluefin
11.15 Mastercard Incorporated
11.16 Ingenico
11.17 Discover Financial Services
TABLE 1 Market Snapshot: Global Tokenization Market Value
TABLE 2 North America Tokenization Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 3 North America Tokenization Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 4 North America Tokenization Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 5 Europe Tokenization Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 6 Europe Tokenization Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 7 Europe Tokenization Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 8 Asia Pacific Tokenization Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 9 Asia Pacific Tokenization Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 10 Asia Pacific Tokenization Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 11 RoW Tokenization Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 12 RoW Tokenization Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 13 RoW Tokenization Market Value, by Region, 2017 – 2027 (US$ Mn)
TABLE 14 First Data Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Gemalto: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 Fiserv, Inc. : Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 Micro Focus : Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 Symantec Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 Thales e-Security, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 Visa Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Tongguang Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Worldpay Group PLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 CipherCloud: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 Liaison Technologies, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Protegrity USA, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 TokenEx: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Bluefin: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Mastercard Incorpoarted: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Ingenico: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Discover Financial Services: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Tokenization Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Tokenization Market Segmentation
FIG. 4 Global Tokenization Market, by Product, 2018 (US$ Mn)
FIG. 5 Global Tokenization Market, by Application, 2018 (US$ Mn)
FIG. 6 Global Tokenization Market, by Geography, 2018 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Market Positioning of Key Tokenization Vendors, 2018
FIG. 9 Global Tokenization Market Value Share, by Product, 2018 & 2027 (Value, %)
FIG. 10 Global Software Market Value, 2017 – 2027 (US$ Mn)
FIG. 11 Global On-premise Market Value, 2017 – 2027 (US$ Mn)
FIG. 12 Global Cloud-based Market Value, 2017 – 2027 (US$ Mn)
FIG. 13 Global Medium Voltage Market Value, 2017 – 2027 (US$ Mn)
FIG. 14 Global Services Market Value, 2017 – 2027 (US$ Mn)
FIG. 15 Global Managed-services Market Value, 2017 – 2027 (US$ Mn)
FIG. 16 Global Professional-services Market Value, 2017 – 2027 (US$ Mn)
FIG. 17 Global Tokenization Market Value Share, by Application, 2018 & 2027 (Value, %)
FIG. 18 Global Tokenization Market Value from BFSI, 2017 – 2027 (US$ Mn)
FIG. 19 Global Tokenization Market Value from Consumer Goods & Retail, 2017 – 2027 (US$ Mn)
FIG. 20 Global Tokenization Market Value from Education, 2017 – 2027 (US$ Mn)
FIG. 21 Global Tokenization Market Value from Defense, 2017 – 2027 (US$ Mn)
FIG. 22 Global Tokenization Market Value from Automotive, 2017 – 2027 (US$ Mn)
FIG. 23 Global Tokenization Market Value from IT & Telecom, 2017 – 2027 (US$ Mn)
FIG. 24 Global Tokenization Market Value from Energy & Utilities, 2017 – 2027 (US$ Mn)
FIG. 25 Global Tokenization Market Value from Manufacturing, 2017 – 2027 (US$ Mn)
FIG. 26 Global Tokenization Market Value from Other (Hospitality, Transportation, etc.), 2017 – 2027 (US$ Mn)
FIG. 27 Global Tokenization Market Value Share, by Application, 2018 & 2027 (Value, %)
FIG. 28 Global Tokenization Market Value from Payment Security, 2017 – 2027 (US$ Mn)
FIG. 29 Global Tokenization Market Value from Consumer Data & Management, 2017 – 2027 (US$ Mn)
FIG. 30 Global Tokenization Market Value from Compliance, 2017 – 2027 (US$ Mn)
FIG. 31 Global Tokenization Market Value from Encryption, 2017 – 2027 (US$ Mn)
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