Home » Information and Communications Technology » IT & Telecom » Tokenization Market

Tokenization Market By Component (Solution, Services); By Application (Payment Security, User Authentication, Compliance Management, Others); By Industry Vertical (Retail & E-commerce, Healthcare, IT, Government & BFSI, Others); By Technology (API-Based Tokenization, Gateway-Based Tokenization); By Deployment (Cloud, On-Premises) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Name: Tokenization Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2025-11-27
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Tokenization Market

Summary
Table Of Content
Request Free Sample

Market Overview:

The Global Tokenization Market size was valued at USD 1,200.00 million in 2018, rising to USD 2,524.75 million in 2024, and is anticipated to reach USD 14,936.54 million by 2032, at a CAGR of 24.99% during the forecast period. Tokenization adoption grows as firms seek stronger data protection and secure transaction processing.

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Tokenization Market Size 2024	USD 2,524.75 million
Tokenization Market, CAGR	24.99%
Tokenization Market Size 2032	USD 14,936.54 million

Rising cyber risks drive companies to use tokenization for safer data handling. Many industries shift to cloud systems that require strong security layers. Growing digital payments also push demand for real-time token services. Vendors release flexible platforms that support wider integration with enterprise systems. Firms value solutions that reduce exposure of sensitive customer data. Many banks use token-based systems to secure payment flows. This trend supports steady expansion across major industries.

North America leads due to strong digital payment use and strict security rules. Europe follows because many firms adopt advanced compliance-driven systems. Asia Pacific grows fast as banks and retailers expand digital operations. Countries like India and China push token adoption through rising online transactions. Latin America and the Middle East emerge as new adopters, driven by growing fintech activity. These regions gain traction as enterprises modernize security practices.

Tokenization Market size

Market Insights:

The Global Tokenization Market grew from USD 1,200.00 million in 2018 to USD 2,524.75 million in 2024 and is projected to reach USD 14,936.54 million by 2032, reflecting a strong CAGR of 24.99% driven by rising digital transactions and expanding compliance requirements.
North America (37.96%), Europe (25.78%), and Asia Pacific (25.18%) held the largest shares due to strict regulations, advanced payment ecosystems, and strong enterprise adoption of cloud security frameworks.
Asia Pacific, the fastest-growing region, holds 18% share and expands rapidly due to booming fintech activity, high mobile payment penetration, and strong government support for secure digital infrastructure.
Based on the image, Solutions contribute approximately 55–57% of overall market demand due to high adoption in payment infrastructure and enterprise security modernization.
Services account for roughly 43–45% as organizations require integration support, continuous security updates, and managed token lifecycle operations across complex digital ecosystems.

Access crucial information at unmatched prices!

Request your sample report today & start making informed decisions powered by Credence Research Inc.!

Download Sample

Market Drivers:

Strong Acceleration in Data Security Investments Across Regulated and High-Risk Industries

Enterprises raise security budgets to protect sensitive information in the Global Tokenization Market. Many firms implement token systems to prevent exposure of customer records during breaches. It supports safer processing of financial data across banks and payment firms. Regulatory bodies enforce strict controls that push companies toward stronger protection. Digital commerce platforms use token layers to protect customer identities. Retail groups adopt token vaults to reduce data access points. Healthcare providers secure patient records through encrypted token systems. Large enterprises value reduced compliance burdens delivered by modern token frameworks. Demand strengthens due to rising cyber threats across open digital channels.

For instance, Stripe confirmed that its automated tokenization framework protects businesses by replacing raw card numbers with secure tokens. Retail groups adopt token vaults to reduce data access points.

Growing Demand for Secure Payment Ecosystems Across Expanding Digital Commerce Platforms

E-commerce growth drives heavy use of token solutions across payment infrastructure in the Global Tokenization Market. Merchants apply token services to protect cardholder details during checkout. It supports cleaner workflows in mobile wallets and online gateways. Many fintechs deploy real-time token mapping to reduce fraud attempts. Contactless payments benefit from improved security layers that protect user credentials. Banks integrate token APIs for faster onboarding of new payment functions. Cloud payment systems rely on token engines to eliminate sensitive data exposure. Global transactions gain higher trust when tokens mask original card data. Adoption rises across industries that process continuous online transactions.

For instance, Mastercard’s tokenization platform helps secure billions of transactions monthly, with over 30% of all Mastercard transactions worldwide now tokenized, significantly reducing fraud rates for digital commerce transactions. It supports cleaner workflows in mobile wallets and online gateways by replacing sensitive card information with a unique, worthless digital token, enabling a faster, safer, and often one-click checkout experience.

Rising Integration of Cloud-Native Security Frameworks Within Digital Transformation Programs

Cloud expansion fuels broad adoption of token platforms in the Global Tokenization Market. Many firms migrate workloads to public and hybrid clouds that demand new security layers. It becomes a core shield for sensitive data inside cloud applications. Software providers design token engines that support multi-region processing. Enterprises value platform agility that supports scaling without exposing user information. DevOps teams embed token models into application pipelines for safer development. Cloud security teams rely on token policy controls to reduce unauthorized access. Hybrid networks benefit from centralized token governance tools. Demand grows from companies that replace legacy systems with cloud-ready platforms.

Higher Enterprise Focus on Reducing Compliance Complexity Across Global Regulatory Environments

Compliance pressure drives rapid adoption of token frameworks in the Global Tokenization Market. Firms face strict rules such as PCI DSS and GDPR that limit storage of sensitive data. It helps companies avoid penalties by removing original records from internal systems. Auditors support token use due to low exposure risk during inspection. Businesses value simplified reporting due to reduced access to protected data. Multinational companies deploy token systems to unify compliance practices across regions. Internal teams gain improved control over data residency requirements. Many firms restructure security plans around token vault architecture. Adoption increases where regulatory environments evolve rapidly.

Market Trends:

Growing Deployment of Real-Time Token Orchestration and Intelligent Policy Engines Across Enterprise Networks

Real-time orchestration shapes new deployment patterns in the Global Tokenization Market. Enterprises adopt intelligent routing engines that apply tokens across diverse systems. It helps unify data protection rules across payment, cloud, and analytics functions. Vendors integrate policy-driven token flows into broader security ecosystems. Automatic mapping tools improve flexibility for large enterprises. Real-time governance enables firms to adapt protection levels quickly. Token distribution improves consistency across multi-application environments. Many platforms embed analytics features that track misuse attempts. Adoption rises among enterprises seeking intelligent data protection controls.

For instance, IBM Guardium Data Protection offers automated token policy enforcement and processes billions of audit events daily across enterprise clients. Adoption rises among enterprises seeking intelligent data protection controls.

Increasing Adoption of Tokenization in Machine-to-Machine and IoT Security Frameworks

IoT expansion supports new token applications in the Global Tokenization Market. Firms integrate token systems to protect device identities across interconnected networks. It limits exposure of device credentials during communication cycles. Sensors and smart devices rely on lightweight token formats for safe data transfer. Industrial operators use token methods to secure factory automation systems. It reduces vulnerability within distributed edge environments. Vendors release device-friendly token modules that reduce processing load. Smart home ecosystems gain stronger protection through device token layers. Growth accelerates with rising industrial IoT adoption.

For instance, Siemens MindSphere handles industrial IoT data from millions of devices, using encrypted identity protection frameworks. It reduces vulnerability within distributed edge environments. Vendors release device-friendly token modules that reduce processing load.

Rapid Shift Toward Decentralized Token Models Supporting Next-Generation Digital Identity Platforms

Decentralized token designs create new pathways in the Global Tokenization Market. Digital identity solutions adopt token models to control personal data movement. It enables selective disclosure without exposing full user details. Self-sovereign identity systems use token credentials for higher privacy. Governments explore token layers for citizen identity programs. Enterprises value reduced dependency on centralized databases. Blockchain networks support verifiable token formats for identity checks. Technology firms integrate decentralized tokens into trust frameworks. Adoption grows where privacy rules become stricter.

Expansion of Tokenization Across Cross-Border Transactions and Global Merchant Networks

Cross-border commerce drives new opportunities in the Global Tokenization Market. Global merchants use token layers to protect payment information during foreign transactions. It supports secure routing across international gateways. PSPs integrate multi-currency token systems to simplify global payments. Travel and hospitality platforms deploy tokenized profiles for frequent travelers. Token networks improve interoperability among issuing banks. Payment processors use token rules to manage multi-region authorization. Online marketplaces standardize token use across global storefronts. Growth rises due to increasing cross-border digital trade.

Market Challenges Analysis:

High Integration Complexity and Limited Interoperability Across Diverse Enterprise Architectures

Integration hurdles create major barriers in the Global Tokenization Market. Many enterprises operate fragmented systems that complicate token deployment. It becomes difficult for teams to align legacy databases with modern token engines. Vendors face demand for custom connectors that increase installation time. Lack of standard formats slows adoption across industries. Companies struggle to manage token lifecycles across distributed networks. Multi-cloud environments complicate governance for large firms. Technical skill shortages limit smooth implementation across IT teams. Complexity reduces adoption speed in highly regulated sectors.

Rising Concerns Over Vendor Dependence, Long-Term Scalability, and Operational Continuity Risks

Vendor lock-in challenges hinder movement in the Global Tokenization Market. Businesses worry about long-term reliance on single-provider token vaults. It impacts operational continuity during provider outages or migration plans. Scalability issues appear as firms process larger data volumes. Vendors must maintain stable frameworks to avoid performance disruption. Companies require strong SLAs to protect critical operations. Security teams evaluate switching costs before committing to large systems. Market growth faces pressure where firms hesitate to adopt long contracts. Concern grows in industries with rapid data expansion.

Market Opportunities:

Growing Potential for Token-Enabled Privacy Models Across AI, Analytics, and High-Volume Data Ecosystems

Privacy-centric innovation opens strong opportunities in the Global Tokenization Market. AI platforms require safer ways to handle sensitive training data. It supports secure sharing between enterprises and analytics teams. New solutions help firms mask customer identities during model development. Regulatory pressure accelerates demand for privacy-safe data pipelines. Vendors build advanced token engines that support high-scale automation. Enterprises explore token design to improve trust in AI processes. Many industries seek flexible privacy tools that fit new data architectures. Adoption expands across global digital ecosystems.

Expanding Use of Tokenization Within Cloud-Native, API-Driven, and Borderless Digital Payment Infrastructure

API adoption strengthens high-growth opportunities in the Global Tokenization Market. Global payment platforms move toward token-first architectures for stronger security. It supports unified protection across mobile wallets and online checkout systems. Fintechs use token APIs to build fast and safe payment experiences. Cross-platform integration becomes easier through standardized token modules. Cloud-native payments accelerate token adoption across global networks. Vendors introduce flexible deployment models that fit multi-region expansion. Market momentum rises where digital commerce evolves quickly.

Market Segmentation Analysis:

By Component

Solution offerings hold strong demand due to wide use in payment protection and data masking across enterprises. Many firms prefer unified platforms that reduce exposure of sensitive records. Services gain steady traction through rising integration needs and ongoing support requirements. The Global Tokenization Market benefits from both components, and it strengthens security frameworks for regulated industries. Vendors focus on faster deployment cycles and flexible service models that support varied compliance structures. Demand rises where enterprises aim to centralize data protection. Solution and service segments maintain broad relevance across digital ecosystems.

For instance, Protegrity provides managed tokenization support to organizations processing over 2 trillion data elements annually, ensuring ongoing compliance. Demand rises where enterprises aim to centralize data protection.

By Application

Payment security dominates due to heavy use in online and mobile transactions. User authentication expands across identity-driven platforms that require precise verification. Compliance management grows through rising regulatory oversight across global markets. Other applications gain visibility across sectors adopting token-based workflows. Enterprises implement application-specific models to reduce operational risks. Token layers help protect customer identities during critical processes. Application diversity supports wider adoption across industries seeking consistent protection.

For instance, Google Cloud’s payment tokenization protects identities across hundreds of millions of account holders, reducing the need to store sensitive credentials. Application diversity supports wider adoption across industries seeking consistent protection.

By Industry Vertical

Retail and e-commerce lead adoption due to constant exposure to payment fraud. Healthcare expands its use of token layers to protect patient information across digital systems. IT firms embed token controls within cloud and software environments. Government and BFSI deploy strict frameworks to meet regulatory standards. Other sectors integrate token tools to secure internal workflows. Industry diversity strengthens use cases across global markets. Each vertical benefits from safer data handling.

By Technology

API-based tokenization delivers strong growth through flexible integration across cloud and mobile systems. Gateway-based models support merchants requiring structured payment routing. Vendors enhance both methods to match enterprise needs. Technology choice depends on infrastructure maturity.

By Deployment

Cloud deployment leads due to rapid digital transformation and scalable protection needs. On-premises models remain relevant for firms requiring full control of sensitive records. Enterprises evaluate both approaches based on security posture and operational structure.

Tokenization Market segmentation

Segmentation:

By Component

Solution
Services

By Application

Payment Security
User Authentication
Compliance Management
Others

By Industry Vertical

Retail & E-commerce
Healthcare
IT
Government & BFSI
Others

By Technology

API-Based Tokenization
Gateway-Based Tokenization

By Deployment

Cloud
On-Premises

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

Regional Analysis:

North America

North America Tokenization Market Size Overview
The North America Tokenization Market size was valued at USD 460.80 million in 2018, rising to USD 958.38 million in 2024, and is anticipated to reach USD 5,662.47 million by 2032, at a CAGR of 25.0%, holding 37.96% regional share in 2024. North America leads the Global Tokenization Market due to strong adoption of digital payment systems and strict compliance rules across major industries. Enterprises deploy advanced token solutions to secure sensitive data during high-volume transactions. It supports payment modernization efforts across banks and fintech firms. Retailers enhance customer protection through token layers that strengthen checkout security. Healthcare players use token engines to protect patient records. Vendors expand cloud and API-based solutions to support multi-channel operations. Adoption rises as enterprises prioritize modern security frameworks that match evolving regulatory demands.

Europe

Europe Tokenization Market Size Overview
The Europe Tokenization Market size was valued at USD 321.60 million in 2018, rising to USD 650.81 million in 2024, and is anticipated to reach USD 3,640.82 million by 2032, at a CAGR of 24.1%, holding 25.78% regional share in 2024. Europe shows strong token adoption supported by GDPR enforcement and growing digital service expansion. Enterprises deploy token engines to limit use of sensitive customer information. It helps firms strengthen compliance posture across diverse regulatory zones. BFSI and retail sectors drive rapid integration to reduce cross-border fraud exposure. Healthcare organizations secure clinical data with advanced token modules. Cloud migration increases token use across regional enterprises. Vendors build privacy-centric architectures tailored to strict EU requirements. Growth improves with rising digital engagement across consumer and business platforms.

Asia Pacific

Asia Pacific Tokenization Market Size Overview
The Asia Pacific Tokenization Market size was valued at USD 289.20 million in 2018, rising to USD 635.85 million in 2024, and is anticipated to reach USD 4,156.85 million by 2032, at a CAGR of 26.5%, holding 25.18% regional share in 2024. Asia Pacific expands rapidly due to heavy digital payment penetration and strong fintech growth across major economies. Enterprises integrate token systems to protect users across high-volume mobile transactions. It supports digital banking modernization programs across fast-growing markets. Retailers use token vaults to reduce fraud risk during online purchases. Governments push secure payment frameworks that promote broad adoption. Cloud and API-driven systems accelerate token integration across large networks. Technology vendors scale capacity to support rising demand. Growth builds on rapid digital transformation across regional industries.

Latin America

Latin America Tokenization Market Size Overview
The Latin America Tokenization Market size was valued at USD 81.60 million in 2018, rising to USD 170.14 million in 2024, and is anticipated to reach USD 939.06 million by 2032, at a CAGR of 23.9%, holding 6.74% regional share in 2024. Latin America gains traction due to rising digital banking activity and strong mobile commerce expansion. Enterprises deploy token layers to strengthen payment security across online channels. It supports fraud reduction efforts across major consumer markets. Retailers integrate token tools to protect customer identity during digital checkout. Cloud adoption expands secure infrastructure options for enterprises. Governments promote modernization of financial systems to build trust in digital payments. Vendors design adaptive token models to match diverse regulatory environments. Growth improves with rising digital purchasing behavior across the region.

Middle East

Middle East Tokenization Market Size Overview
The Middle East Tokenization Market size was valued at USD 28.32 million in 2018, rising to USD 53.51 million in 2024, and is anticipated to reach USD 264.46 million by 2032, at a CAGR of 22.2%, holding 2.12% regional share in 2024. The Middle East expands token adoption as governments promote digital transformation across financial and public services. Enterprises deploy token systems to reduce risk during online payment flows. It helps banks strengthen mobile banking security across growing user bases. Retail and hospitality sectors use token engines to improve customer experience. Cloud migration drives adoption of scalable token layers. Vendors support regional needs with advanced API-based models. Digital commerce expansion encourages merchants to integrate secure payment systems. Growth rises with higher reliance on digital identity and payment tools.

Africa

Africa Tokenization Market Size Overview
The Africa Tokenization Market size was valued at USD 18.48 million in 2018, rising to USD 56.06 million in 2024, and is anticipated to reach USD 272.88 million by 2032, at a CAGR of 21.3%, holding 2.22% regional share in 2024. Africa shows emerging adoption driven by rapid mobile payment expansion across major economies. Enterprises deploy token platforms to protect sensitive records within financial ecosystems. It strengthens mobile wallet security during growing digital transactions. Retailers adopt token methods to protect online customers. Governments invest in programs that support secure digital infrastructure. Cloud use expands across businesses seeking scalable protection tools. Vendors explore local partnerships to meet rising demand. Growth improves with increasing user trust in digital services.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

Key Player Analysis:

Visa, Inc.
MasterCard, Inc.
Fiserv, Inc.
American Express Company
Thales Group

Competitive Analysis:

The Global Tokenization Market shows strong competition among payment networks, cybersecurity firms, and cloud security providers. Leading companies invest in advanced token engines that support large-scale digital transactions. It benefits from continuous improvements in fraud detection, multi-channel protection, and compliance-driven security models. Vendors focus on API-based integration to meet enterprise needs across cloud, mobile, and on-prem systems. Strategic alliances between fintechs and security firms strengthen technology depth. Market leaders expand portfolios through acquisitions to enhance global reach. Competitive pressure drives rapid innovation, broader service offerings, and stronger customer retention strategies.

Recent Developments:

In November 2025, Thales Group highlighted its cloud‑native D1 modern card issuing platform as a tokenization‑centric solution that allows banks and fintechs to issue virtual and physical cards in real time, push them into digital wallets, and manage tokenized payment credentials across schemes, positioning the platform as a key enabler in the global tokenization and digital payments market.
In June 2025, Mastercard reported that almost half of its e‑commerce transactions in Europe are now tokenized as part of its checkout transformation program, underscoring the company’s growing deployment of network tokenization to secure card‑not‑present payments and support a stated goal of achieving fully tokenized e‑commerce transactions in the region by 2030.
In June 2025, Fiserv announced FIUSD, a new stablecoin and digital asset service designed for financial institutions, using blockchain to enable tokenized deposits and programmable payments across its global network, thereby extending tokenization concepts into 24/7 settlement and new digital asset use cases within traditional banking and payment flows.
In February 2025, Fiserv expanded its tokenized payments capabilities for integrated software vendors by promoting a hosted iFrame tokenization solution that captures card data directly on Fiserv’s secure servers and returns tokens to merchants, helping them reduce PCI scope, lower fraud risk, and deliver more seamless digital checkout experiences.
In November 2024, American Express Company entered into an API‑based data access agreement with MX Technologies that lets customers permission and share financial data more securely, a move that complements the American Express Token Service by enhancing how tokenized and permissioned data can be used across digital payment and financial management applications.

Report Coverage:

The research report offers an in-depth analysis based on By Component, By Application, By Industry Vertical, By Technology, and By Deployment. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

Demand for secure digital transactions will drive wider enterprise adoption.
API-focused token services will gain stronger presence across cloud ecosystems.
Growth in mobile payments will accelerate deployment across emerging markets.
Cross-border commerce will increase use of interoperable token frameworks.
Zero-trust security models will reinforce enterprise reliance on token layers.
Financial institutions will expand investment in scalable token platforms.
Healthcare digitalization will boost adoption of patient-data token protection.
Retail transformation will drive integration of token tools across online channels.
Regulatory tightening will increase compliance-driven implementation.
Technology vendors will invest in automation and AI-enabled token management.

CHAPTER NO. 1 : INTRODUCTION 26

1.1.1. Report Description 26

Purpose of the Report 26

USP & Key Offerings 26

1.1.2. Key Benefits for Stakeholders 26

1.1.3. Target Audience 27

1.1.4. Report Scope 27

1.1.5. Regional Scope 28

CHAPTER NO. 2 : EXECUTIVE SUMMARY 29

2.1. Tokenization Market Snapshot 29

2.1.1. Global Tokenization Market, 2018 – 2032 (USD Million) 30

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 31

3.1. Russia-Ukraine and Israel-Palestine War Impacts 31

CHAPTER NO. 4 : TOKENIZATION MARKET – INDUSTRY ANALYSIS 32

4.1. Introduction 32

4.2. Market Drivers 33

4.2.1. Tokenization reducing the risk from data breaches 33

4.2.2. Increasing Demand for Secure Payment Gateways 34

4.3. Market Restraints 35

4.3.1. Increase in complexities in the implementation of tokenization and fraud prevention 35

4.4. Market Opportunities 36

4.4.1. Market Opportunity Analysis 36

4.5. Porter’s Five Forces Analysis 37

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 38

5.1. Company Market Share Analysis – 2023 38

5.1.1. Global Tokenization Market: Company Market Share, by Volume, 2023 38

5.1.2. Global Tokenization Market: Company Market Share, by Revenue, 2023 39

5.1.3. Global Tokenization Market: Top 6 Company Market Share, by Revenue, 2023 39

5.1.4. Global Tokenization Market: Top 3 Company Market Share, by Revenue, 2023 40

5.2. Global Tokenization Market Company Revenue Market Share, 2023 41

5.3. Company Assessment Metrics, 2023 42

5.3.1. Stars 42

5.3.2. Emerging Leaders 42

5.3.3. Pervasive Players 42

5.3.4. Participants 42

5.4. Start-ups /SMEs Assessment Metrics, 2023 42

5.4.1. Progressive Companies 42

5.4.2. Responsive Companies 42

5.4.3. Dynamic Companies 42

5.4.4. Starting Blocks 42

5.5. Strategic Developments 43

5.5.1. Acquisitions & Mergers 43

New Product Launch 43

Regional Expansion 43

5.6. Key Players Product Matrix 44

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 45

6.1. PESTEL 45

6.1.1. Political Factors 45

6.1.2. Economic Factors 45

6.1.3. Social Factors 45

6.1.4. Technological Factors 45

6.1.5. Environmental Factors 45

6.1.6. Legal Factors 45

6.2. Adjacent Market Analysis 45

CHAPTER NO. 7 : TOKENIZATION MARKET – BY COMPONENT SEGMENT ANALYSIS 46

7.1. Tokenization Market Overview, by Component Segment 46

7.1.1. Tokenization Market Revenue Share, By Component, 2023 & 2032 47

7.1.2. Tokenization Market Attractiveness Analysis, By Component 48

7.1.3. Incremental Revenue Growth Opportunity, by Component, 2024 – 2032 48

7.1.4. Tokenization Market Revenue, By Component, 2018, 2023, 2027 & 2032 49

7.2. Solution 50

7.2.1. Global Solution Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 51

7.2.2. Global Solution Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 51

7.3. Services 52

7.3.1. Global Services Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 53

7.3.2. Global Services Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 53

CHAPTER NO. 8 : TOKENIZATION MARKET – BY APPLICATION SEGMENT ANALYSIS 54

8.1. Tokenization Market Overview, by Application Segment 54

8.1.1. Tokenization Market Revenue Share, By Application, 2023 & 2032 55

8.1.2. Tokenization Market Attractiveness Analysis, By Application 56

8.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 56

8.1.4. Tokenization Market Revenue, By Application, 2018, 2023, 2027 & 2032 57

8.2. Payment Security 58

8.2.1. Global Payment Security Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 59

8.2.2. Global Payment Security Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 59

8.3. User Authentication 60

8.3.1. Global User Authentication Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 61

8.3.2. Global User Authentication Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 61

8.4. Compliance Management 62

8.4.1. Global Compliance Management Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 63

8.4.2. Global Compliance Management Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 63

8.5. Others 64

8.5.1. Global Others Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 65

8.5.2. Global Others Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 65

CHAPTER NO. 9 : TOKENIZATION MARKET – BY INDUSTRY VERTICAL SEGMENT ANALYSIS 66

9.1. Tokenization Market Overview, by Industry Vertical Segment 66

9.1.1. Tokenization Market Revenue Share, By Industry Vertical, 2023 & 2032 67

9.1.2. Tokenization Market Attractiveness Analysis, By Industry Vertical 68

9.1.3. Incremental Revenue Growth Opportunity, by Industry Vertical, 2024 – 2032 68

9.1.4. Tokenization Market Revenue, By Industry Vertical, 2018, 2023, 2027 & 2032 69

9.2. Retail and E-commerce 70

9.2.1. Global Retail and E-commerce Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 71

9.2.2. Global Retail and E-commerce Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 71

9.3. Healthcare 72

9.3.1. Global Healthcare Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 73

9.3.2. Global Healthcare Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 73

9.4. IT 74

9.4.1. Global IT Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 75

9.4.2. Global IT Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 75

9.5. Government & BFSI 76

9.5.1. Global Government & BFSI Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 77

9.5.2. Global Government & BFSI Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 77

9.6. Others 78

9.6.1. Global Others Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 79

9.6.2. Global Others Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 79

CHAPTER NO. 10 : TOKENIZATION MARKET – BY TECHNOLOGY SEGMENT ANALYSIS 80

10.1. Tokenization Market Overview, by Technology Segment 80

10.1.1. Tokenization Market Revenue Share, By Technology, 2023 & 2032 81

10.1.2. Tokenization Market Attractiveness Analysis, By Technology 82

10.1.3. Incremental Revenue Growth Opportunity, by Technology, 2024 – 2032 82

10.1.4. Tokenization Market Revenue, By Technology, 2018, 2023, 2027 & 2032 83

10.2. Application Programming Interface-based 84

10.2.1. Global Application Programming Interface-based Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 85

10.2.2. Global Application Programming Interface-based Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 85

10.3. Gateway-based 86

10.3.1. Global Gateway-based Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 87

10.3.2. Global Gateway-based Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 87

CHAPTER NO. 11 : TOKENIZATION MARKET – BY DEPLOYMENT SEGMENT ANALYSIS 88

11.1. Tokenization Market Overview, by Deployment Segment 88

11.1.1. Tokenization Market Revenue Share, By Deployment, 2023 & 2032 89

11.1.2. Tokenization Market Attractiveness Analysis, By Deployment 90

11.1.3. Incremental Revenue Growth Opportunity, by Deployment, 2024 – 2032 90

11.1.4. Tokenization Market Revenue, By Deployment, 2018, 2023, 2027 & 2032 91

11.2. Cloud 92

11.2.1. Global Cloud Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 93

11.2.2. Global Cloud Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 93

11.3. On-Premises 94

11.3.1. Global On-Premises Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 95

11.3.2. Global On-Premises Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 95

CHAPTER NO. 12 : TOKENIZATION MARKET – REGIONAL ANALYSIS 96

12.1. Tokenization Market Overview, by Regional Segments 96

12.2. Region 97

12.2.1. Global Tokenization Market Revenue Share, By Region, 2023 & 2032 97

12.2.2. Tokenization Market Attractiveness Analysis, By Region 98

12.2.3. Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 98

12.2.4. Tokenization Market Revenue, By Region, 2018, 2023, 2027 & 2032 99

12.2.5. Global Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 100

12.2.6. Global Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 100

12.3. Component 101

12.3.1. Global Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 101

12.3.2. Global Tokenization Market Revenue, By Component, 2024 – 2032 (USD Million) 101

12.4. Application 102

12.4.1. Global Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 102

12.4.2. Global Tokenization Market Revenue, By Application, 2024 – 2032 (USD Million) 102

12.5. Industry Vertical 103

12.5.1. Global Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 103

12.5.2. Global Tokenization Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 103

12.6. Technology 104

12.6.1. Global Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 104

12.6.2. Global Tokenization Market Revenue, By Technology, 2024 – 2032 (USD Million) 104

12.7. Deployment 105

12.7.1. Global Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 105

12.7.2. Global Tokenization Market Revenue, By Deployment, 2024 – 2032 (USD Million) 105

CHAPTER NO. 13 : TOKENIZATION MARKET – NORTH AMERICA 106

13.1. North America 106

13.1.1. Key Highlights 106

13.1.2. North America Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 107

13.1.3. North America Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 108

13.1.4. North America Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 109

13.1.5. North America Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 110

13.1.6. North America Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 111

13.1.7. North America Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 112

13.2. U.S. 113

13.3. Canada 113

13.4. Mexico 113

CHAPTER NO. 14 : TOKENIZATION MARKET – EUROPE 114

14.1. Europe 114

14.1.1. Key Highlights 114

14.1.2. Europe Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 115

14.1.3. Europe Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 116

14.1.4. Europe Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 117

14.1.5. Europe Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 118

14.1.6. Europe Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 119

14.1.7. Europe Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 120

14.2. UK 121

14.3. France 121

14.4. Germany 121

14.5. Italy 121

14.6. Spain 121

14.7. Russia 121

14.8. Belgium 121

14.9. Netherland 121

14.10. Austria 121

14.11. Sweden 121

14.12. Poland 121

14.13. Denmark 121

14.14. Switzerland 121

14.15. Rest of Europe 121

CHAPTER NO. 15 : TOKENIZATION MARKET – ASIA PACIFIC 122

15.1. Asia Pacific 122

15.1.1. Key Highlights 122

15.1.2. Asia Pacific Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 123

15.1.3. Asia Pacific Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 124

15.1.4. Asia Pacific Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 125

15.1.5. Asia Pacific Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 126

15.1.6. Asia Pacific Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 127

15.1.7. Asia Pacific Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 128

15.2. China 129

15.3. Japan 129

15.4. South Korea 129

15.5. India 129

15.6. Australia 129

15.7. Thailand 129

15.8. Indonesia 129

15.9. Vietnam 129

15.10. Malaysia 129

15.11. Philippines 129

15.12. Taiwan 129

15.13. Rest of Asia Pacific 129

CHAPTER NO. 16 : TOKENIZATION MARKET – LATIN AMERICA 130

16.1. Latin America 130

16.1.1. Key Highlights 130

16.1.2. Latin America Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 131

16.1.3. Latin America Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 132

16.1.4. Latin America Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 133

16.1.5. Latin America Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 134

16.1.6. Latin America Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 135

16.1.7. Latin America Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 136

16.2. Brazil 137

16.3. Argentina 137

16.4. Peru 137

16.5. Chile 137

16.6. Colombia 137

16.7. Rest of Latin America 137

CHAPTER NO. 17 : TOKENIZATION MARKET – MIDDLE EAST 138

17.1. Middle East 138

17.1.1. Key Highlights 138

17.1.2. Middle East Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 139

17.1.3. Middle East Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 140

17.1.4. Middle East Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 141

17.1.5. Middle East Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 142

17.1.6. Middle East Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 143

17.1.7. Middle East Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 144

17.2. UAE 145

17.3. KSA 145

17.4. Israel 145

17.5. Turkey 145

17.6. Iran 145

17.7. Rest of Middle East 145

CHAPTER NO. 18 : TOKENIZATION MARKET – AFRICA 146

18.1. Africa 146

18.1.1. Key Highlights 146

18.1.2. Africa Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 147

18.1.3. Africa Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 148

18.1.4. Africa Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 149

18.1.5. Africa Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 150

18.1.6. Africa Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 151

18.1.7. Africa Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 152

18.2. Egypt 153

18.3. Nigeria 153

18.4. Algeria 153

18.5. Morocco 153

18.6. Rest of Africa 153

CHAPTER NO. 19 : COMPANY PROFILES 154

19.1. Visa, Inc. 154

19.1.1. Company Overview 154

19.1.2. Product Portfolio 154

19.1.3. Swot Analysis 154

19.1.4. Business Strategy 155

19.1.5. Financial Overview 155

19.2. MasterCard, Inc. 156

19.3. Fiserv, Inc. 156

19.4. American Express Company 156

19.5. Thales Group 156

19.6. Company 5 156

19.7. Company 6 156

19.8. Company 7 156

19.9. Company 8 156

19.10. Company 9 156

19.11. Company 10 156

List of Figures

FIG NO. 1. Global Tokenization Market Revenue, 2018 – 2032 (USD Million) 30

FIG NO. 2. Porter’s Five Forces Analysis for Global Tokenization Market 37

FIG NO. 3. Company Share Analysis, 2023 38

FIG NO. 4. Company Share Analysis, 2023 39

FIG NO. 5. Company Share Analysis, 2023 39

FIG NO. 6. Company Share Analysis, 2023 40

FIG NO. 7. Tokenization Market – Company Revenue Market Share, 2023 41

FIG NO. 8. Tokenization Market Revenue Share, By Component, 2023 & 2032 47

FIG NO. 9. Market Attractiveness Analysis, By Component 48

FIG NO. 10. Incremental Revenue Growth Opportunity by Component, 2024 – 2032 48

FIG NO. 11. Tokenization Market Revenue, By Component, 2018, 2023, 2027 & 2032 49

FIG NO. 12. Global Tokenization Market for Solution, Revenue (USD Million) 2018 – 2032 50

FIG NO. 13. Global Tokenization Market for Services, Revenue (USD Million) 2018 – 2032 52

FIG NO. 14. Tokenization Market Revenue Share, By Application, 2023 & 2032 55

FIG NO. 15. Market Attractiveness Analysis, By Application 56

FIG NO. 16. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 56

FIG NO. 17. Tokenization Market Revenue, By Application, 2018, 2023, 2027 & 2032 57

FIG NO. 18. Global Tokenization Market for Payment Security, Revenue (USD Million) 2018 – 2032 58

FIG NO. 19. Global Tokenization Market for User Authentication, Revenue (USD Million) 2018 – 2032 60

FIG NO. 20. Global Tokenization Market for Compliance Management, Revenue (USD Million) 2018 – 2032 62

FIG NO. 21. Global Tokenization Market for Others, Revenue (USD Million) 2018 – 2032 64

FIG NO. 22. Tokenization Market Revenue Share, By Industry Vertical, 2023 & 2032 67

FIG NO. 23. Market Attractiveness Analysis, By Industry Vertical 68

FIG NO. 24. Incremental Revenue Growth Opportunity by Industry Vertical, 2024 – 2032 68

FIG NO. 25. Tokenization Market Revenue, By Industry Vertical, 2018, 2023, 2027 & 2032 69

FIG NO. 26. Global Tokenization Market for Retail and E-commerce, Revenue (USD Million) 2018 – 2032 70

FIG NO. 27. Global Tokenization Market for Healthcare, Revenue (USD Million) 2018 – 2032 72

FIG NO. 28. Global Tokenization Market for IT, Revenue (USD Million) 2018 – 2032 74

FIG NO. 29. Global Tokenization Market for Government & BFSI, Revenue (USD Million) 2018 – 2032 76

FIG NO. 30. Global Tokenization Market for Others, Revenue (USD Million) 2018 – 2032 78

FIG NO. 31. Tokenization Market Revenue Share, By Technology, 2023 & 2032 81

FIG NO. 32. Market Attractiveness Analysis, By Technology 82

FIG NO. 33. Incremental Revenue Growth Opportunity by Technology, 2024 – 2032 82

FIG NO. 34. Tokenization Market Revenue, By Technology, 2018, 2023, 2027 & 2032 83

FIG NO. 35. Global Tokenization Market for Application Programming Interface-based, Revenue (USD Million) 2018 – 2032 84

FIG NO. 36. Global Tokenization Market for Gateway-based, Revenue (USD Million) 2018 – 2032 86

FIG NO. 37. Tokenization Market Revenue Share, By Deployment, 2023 & 2032 89

FIG NO. 38. Market Attractiveness Analysis, By Deployment 90

FIG NO. 39. Incremental Revenue Growth Opportunity by Deployment, 2024 – 2032 90

FIG NO. 40. Tokenization Market Revenue, By Deployment, 2018, 2023, 2027 & 2032 91

FIG NO. 41. Global Tokenization Market for Cloud, Revenue (USD Million) 2018 – 2032 92

FIG NO. 42. Global Tokenization Market for On-Premises, Revenue (USD Million) 2018 – 2032 94

FIG NO. 43. Global Tokenization Market Revenue Share, By Region, 2023 & 2032 97

FIG NO. 44. Market Attractiveness Analysis, By Region 98

FIG NO. 45. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 98

FIG NO. 46. Tokenization Market Revenue, By Region, 2018, 2023, 2027 & 2032 99

FIG NO. 47. North America Tokenization Market Revenue, 2018 – 2032 (USD Million) 106

FIG NO. 48. Europe Tokenization Market Revenue, 2018 – 2032 (USD Million) 114

FIG NO. 49. Asia Pacific Tokenization Market Revenue, 2018 – 2032 (USD Million) 122

FIG NO. 50. Latin America Tokenization Market Revenue, 2018 – 2032 (USD Million) 130

FIG NO. 51. Middle East Tokenization Market Revenue, 2018 – 2032 (USD Million) 138

FIG NO. 52. Africa Tokenization Market Revenue, 2018 – 2032 (USD Million) 146

List of Tables

TABLE NO. 1. : Global Tokenization Market: Snapshot 29

TABLE NO. 2. : Drivers for the Tokenization Market: Impact Analysis 33

TABLE NO. 3. : Restraints for the Tokenization Market: Impact Analysis 35

TABLE NO. 4. : Global Solution Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 51

TABLE NO. 5. : Global Solution Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 51

TABLE NO. 6. : Global Services Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 53

TABLE NO. 7. : Global Services Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 53

TABLE NO. 8. : Global Payment Security Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 59

TABLE NO. 9. : Global Payment Security Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 59

TABLE NO. 10. : Global User Authentication Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 61

TABLE NO. 11. : Global User Authentication Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 61

TABLE NO. 12. : Global Compliance Management Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 63

TABLE NO. 13. : Global Compliance Management Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 63

TABLE NO. 14. : Global Others Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 65

TABLE NO. 15. : Global Others Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 65

TABLE NO. 16. : Global Retail and E-commerce Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 71

TABLE NO. 17. : Global Retail and E-commerce Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 71

TABLE NO. 18. : Global Healthcare Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 73

TABLE NO. 19. : Global Healthcare Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 73

TABLE NO. 20. : Global IT Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 75

TABLE NO. 21. : Global IT Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 75

TABLE NO. 22. : Global Government & BFSI Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 77

TABLE NO. 23. : Global Government & BFSI Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 77

TABLE NO. 24. : Global Others Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 79

TABLE NO. 25. : Global Others Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 79

TABLE NO. 26. : Global Application Programming Interface-based Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 85

TABLE NO. 27. : Global Application Programming Interface-based Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 85

TABLE NO. 28. : Global Gateway-based Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 87

TABLE NO. 29. : Global Gateway-based Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 87

TABLE NO. 30. : Global Cloud Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 93

TABLE NO. 31. : Global Cloud Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 93

TABLE NO. 32. : Global On-Premises Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 95

TABLE NO. 33. : Global On-Premises Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 95

TABLE NO. 34. : Global Tokenization Market Revenue, By Region, 2018 – 2023 (USD Million) 100

TABLE NO. 35. : Global Tokenization Market Revenue, By Region, 2024 – 2032 (USD Million) 100

TABLE NO. 36. : Global Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 101

TABLE NO. 37. : Global Tokenization Market Revenue, By Component, 2024 – 2032 (USD Million) 101

TABLE NO. 38. : Global Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 102

TABLE NO. 39. : Global Tokenization Market Revenue, By Application, 2024 – 2032 (USD Million) 102

TABLE NO. 40. : Global Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 103

TABLE NO. 41. : Global Tokenization Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 103

TABLE NO. 42. : Global Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 104

TABLE NO. 43. : Global Tokenization Market Revenue, By Technology, 2024 – 2032 (USD Million) 104

TABLE NO. 44. : Global Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 105

TABLE NO. 45. : Global Tokenization Market Revenue, By Deployment, 2024 – 2032 (USD Million) 105

TABLE NO. 46. : North America Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 107

TABLE NO. 47. : North America Tokenization Market Revenue, By Country, 2024 – 2032 (USD Million) 107

TABLE NO. 48. : North America Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 108

TABLE NO. 49. : North America Tokenization Market Revenue, By Component, 2024 – 2032 (USD Million) 108

TABLE NO. 50. : North America Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 109

TABLE NO. 51. : North America Tokenization Market Revenue, By Application, 2024 – 2032 (USD Million) 109

TABLE NO. 52. : North America Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 110

TABLE NO. 53. : North America Tokenization Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 110

TABLE NO. 54. : North America Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 111

TABLE NO. 55. : North America Tokenization Market Revenue, By Technology, 2024 – 2032 (USD Million) 111

TABLE NO. 56. : North America Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 112

TABLE NO. 57. : North America Tokenization Market Revenue, By Deployment, 2024 – 2032 (USD Million) 112

TABLE NO. 58. : Europe Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 115

TABLE NO. 59. : Europe Tokenization Market Revenue, By Country, 2024 – 2032 (USD Million) 115

TABLE NO. 60. : Europe Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 116

TABLE NO. 61. : Europe Tokenization Market Revenue, By Component, 2024 – 2032 (USD Million) 116

TABLE NO. 62. : Europe Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 117

TABLE NO. 63. : Europe Tokenization Market Revenue, By Application, 2024 – 2032 (USD Million) 117

TABLE NO. 64. : Europe Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 118

TABLE NO. 65. : Europe Tokenization Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 118

TABLE NO. 66. : Europe Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 119

TABLE NO. 67. : Europe Tokenization Market Revenue, By Technology, 2024 – 2032 (USD Million) 119

TABLE NO. 68. : Europe Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 120

TABLE NO. 69. : Europe Tokenization Market Revenue, By Deployment, 2024 – 2032 (USD Million) 120

TABLE NO. 70. : Asia Pacific Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 123

TABLE NO. 71. : Asia Pacific Tokenization Market Revenue, By Country, 2024 – 2032 (USD Million) 123

TABLE NO. 72. : Asia Pacific Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 124

TABLE NO. 73. : Asia Pacific Tokenization Market Revenue, By Component, 2024 – 2032 (USD Million) 124

TABLE NO. 74. : Asia Pacific Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 125

TABLE NO. 75. : Asia Pacific Tokenization Market Revenue, By Application, 2024 – 2032 (USD Million) 125

TABLE NO. 76. : Asia Pacific Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 126

TABLE NO. 77. : Asia Pacific Tokenization Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 126

TABLE NO. 78. : Asia Pacific Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 127

TABLE NO. 79. : Asia Pacific Tokenization Market Revenue, By Technology, 2024 – 2032 (USD Million) 127

TABLE NO. 80. : Asia Pacific Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 128

TABLE NO. 81. : Asia Pacific Tokenization Market Revenue, By Deployment, 2024 – 2032 (USD Million) 128

TABLE NO. 82. : Latin America Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 131

TABLE NO. 83. : Latin America Tokenization Market Revenue, By Country, 2024 – 2032 (USD Million) 131

TABLE NO. 84. : Latin America Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 132

TABLE NO. 85. : Latin America Tokenization Market Revenue, By Component, 2024 – 2032 (USD Million) 132

TABLE NO. 86. : Latin America Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 133

TABLE NO. 87. : Latin America Tokenization Market Revenue, By Application, 2024 – 2032 (USD Million) 133

TABLE NO. 88. : Latin America Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 134

TABLE NO. 89. : Latin America Tokenization Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 134

TABLE NO. 90. : Latin America Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 135

TABLE NO. 91. : Latin America Tokenization Market Revenue, By Technology, 2024 – 2032 (USD Million) 135

TABLE NO. 92. : Latin America Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 136

TABLE NO. 93. : Latin America Tokenization Market Revenue, By Deployment, 2024 – 2032 (USD Million) 136

TABLE NO. 94. : Middle East Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 139

TABLE NO. 95. : Middle East Tokenization Market Revenue, By Country, 2024 – 2032 (USD Million) 139

TABLE NO. 96. : Middle East Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 140

TABLE NO. 97. : Middle East Tokenization Market Revenue, By Component, 2024 – 2032 (USD Million) 140

TABLE NO. 98. : Middle East Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 141

TABLE NO. 99. : Middle East Tokenization Market Revenue, By Application, 2024 – 2032 (USD Million) 141

TABLE NO. 100. : Middle East Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 142

TABLE NO. 101. : Middle East Tokenization Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 142

TABLE NO. 102. : Middle East Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 143

TABLE NO. 103. : Middle East Tokenization Market Revenue, By Technology, 2024 – 2032 (USD Million) 143

TABLE NO. 104. : Middle East Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 144

TABLE NO. 105. : Middle East Tokenization Market Revenue, By Deployment, 2024 – 2032 (USD Million) 144

TABLE NO. 106. : Africa Tokenization Market Revenue, By Country, 2018 – 2023 (USD Million) 147

TABLE NO. 107. : Africa Tokenization Market Revenue, By Country, 2024 – 2032 (USD Million) 147

TABLE NO. 108. : Africa Tokenization Market Revenue, By Component, 2018 – 2023 (USD Million) 148

TABLE NO. 109. : Africa Tokenization Market Revenue, By Component, 2024 – 2032 (USD Million) 148

TABLE NO. 110. : Africa Tokenization Market Revenue, By Application, 2018 – 2023 (USD Million) 149

TABLE NO. 111. : Africa Tokenization Market Revenue, By Application, 2024 – 2032 (USD Million) 149

TABLE NO. 112. : Africa Tokenization Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 150

TABLE NO. 113. : Africa Tokenization Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 150

TABLE NO. 114. : Africa Tokenization Market Revenue, By Technology, 2018 – 2023 (USD Million) 151

TABLE NO. 115. : Africa Tokenization Market Revenue, By Technology, 2024 – 2032 (USD Million) 151

TABLE NO. 116. : Africa Tokenization Market Revenue, By Deployment, 2018 – 2023 (USD Million) 152

TABLE NO. 117. : Africa Tokenization Market Revenue, By Deployment, 2024 – 2032 (USD Million) 152

Request A Free Sample

We prioritize the confidentiality and security of your data. Our promise: your information remains private.

Ready to Transform Data into Decisions?

Request Your Sample Report and Start Your Journey of Informed Choices

Providing the strategic compass for industry titans.

Frequently asked questions :

What is the current size of the Tokenization Market?

The Global Tokenization Market was valued at USD 1,200.00 million in 2018 and increased to USD 2,524.75 million in 2024. Strong adoption across digital payments and compliance-driven industries continues to expand demand. The market is projected to reach USD 14,936.54 million by 2032, supported by rising investment in secure data protection.

At what Compound Annual Growth Rate is the Global Tokenization Market projected to grow between 2025 and 2032?

The Global Tokenization Market is expected to grow at a CAGR of 24.99% during the forecast period. This growth is supported by higher security needs across digital commerce, banking, and cloud ecosystems. Enterprises integrate token platforms to reduce exposure of sensitive information across modern transaction networks.

What factors are driving the growth of the Tokenization Market?

Key drivers include the increasing demand for secure payment solutions within the banking and financial services industry, rising incidences of cyber-attacks, and stringent regulatory mandates such as GDPR and PCI DSS. The rapid adoption of digital payment solutions, fueled by the global shift toward online transactions and contactless payments, further boosts the need for tokenization.

What are some challenges faced by the Tokenization Market?

Challenges include the high implementation costs and complexities of integrating tokenization solutions with existing systems, compliance with evolving data protection regulations, interoperability issues, and competition from alternative data security technologies. Ensuring robust token management and addressing potential security vulnerabilities also remain key concerns.

Who are the major players in the Tokenization Market?

Major players include Fiserv, Mastercard, Visa, Micro Focus International, American Express, Thales Group, Lookout, Inc., Futurex, CardConnect, and FIS (Fidelity National Information Services, Inc.).

Which segment is leading the market share?

The banking, financial services, and insurance (BFSI) segment leads the market share, driven by the critical need to secure sensitive customer and financial data, compliance with stringent regulations, and the high susceptibility to data breaches and fraud within the industry.

About Author

Sushant Phapale

ICT & Automation Expert

Sushant is an expert in ICT, automation, and electronics with a passion for innovation and market trends.

View Profile

Related Reports

India E-Commerce Market

India E commerce Market size was valued USD 124998 million in 2024 and is anticipated to reach USD 379719.8 million by 2032, at a CAGR of 14.9% during the forecast period.

Professional Speakers Market

Professional Speakers Market size was valued USD 2.23 billion in 2024 and is anticipated to reach USD 2.92 billion by 2032, at a CAGR of 3.43% during the forecast period.

Hardware Asset Management Market

Hardware Asset Management Market size was valued USD 30 billion in 2024 and is anticipated to reach USD 72.58 billion by 2032, at a CAGR of 11.7% during the forecast period.

Transmission Towers Market

Transmission Tower Market was valued at USD 19.17 billion in 2024 and is anticipated to reach USD 25.83 billion by 2032, growing at a CAGR of 3.8 % during the forecast period.

IBM Bluemix Services Market

The IBM Bluemix Services Market size was valued at USD 11,400.00 million in 2018, increasing to USD 25,922.14 million in 2024, and is anticipated to reach USD 171,486.00 million by 2032, growing at a CAGR of 26.76% during the forecast period.

U.S. IT Staffing Market

he U.S. IT Staffing Market size was valued at USD 23,035.4 million in 2018, increasing to USD 32,969.6 million in 2024, and is anticipated to reach USD 49,693.4 million by 2032, growing at a CAGR of 5.22% during the forecast period.

Software Defined Perimeter (SDP) Market

The Global Software Defined Perimeter (SDP) Market size was valued at USD 3,200.00 million in 2018, increased to USD 8,450.21 million in 2024, and is anticipated to reach USD 85,916.28 million by 2032, expanding at a CAGR of 33.88% during the forecast period.

Soft Skill Management Market

The Soft Skill Management Market size was valued at USD 12,400.00 million in 2018, growing to USD 18,401.67 million in 2024, and is anticipated to reach USD 45,156.21 million by 2032, at a CAGR of 12.01% during the forecast period.

Exposure Management Market

The Global Exposure Management Market size was valued at USD 680.24 million in 2018 to USD 2,065.48 million in 2024 and is anticipated to reach USD 9,457.98 million by 2032, at a CAGR of 19.54% during the forecast period.

Robotic Process Automation (RPA) Market

The Robotic Process Automation (RPA) Market size was valued at USD 1,600.00 million in 2018 to USD 4,957.38 million in 2024 and is anticipated to reach USD 80,202.64 million by 2032, at a CAGR of 42.03% during the forecast period.

Data Center Accelerator Market

The Global Data Center Accelerator Market size was valued at USD 8,500.00 million in 2018 to USD 17,184.39 million in 2024 and is anticipated to reach USD 92,639.23 million by 2032, at a CAGR of 23.57% during the forecast period.

Wireless Connectivity Market

The Global Wireless Connectivity Market size was valued at USD 12,500.00 million in 2018 to USD 20,295.97 million in 2024 and is anticipated to reach USD 55,644.68 million by 2032, at a CAGR of 13.52% during the forecast period.

Licence Option

Single User

$4999

Multi User

$6999

Enterprise

$12999

Report delivery within 24 to 48 hours

Let us help you

WILLIAM, North America

+1 304 308 1216

KEITH PHILLIPS, Europe

+44 7809 866 263

LEE VALLANCE, Asia Pacific

+64 22 017 0275

KIERAN JAMESON, Australia

+61 4192 46279

Request A Free Sample

What people say?

Thank you for the data! The numbers are exactly what we asked for and what we need to build our business case.

Materials Scientist
(privacy requested)

The report was an excellent overview of the Industrial Burners market. This report does a great job of breaking everything down into manageable chunks.

Imre Hof
Management Assistant, Bekaert

Trusted By

Request Sample