Tokenization Market

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. The growth of security concerns worldwide is driving the growth of the tokenization market. A tokenization system is a data security system that changes the data in unique symbols, known as a token, and carries all the required information of the sensitive data. Tokenization helps secure sensitive data information, provides internal protection, and reduces data loss chances. Nowadays, the tokenization system is widely used by various end-use industries such as BFSI, defense, healthcare, and others. Thus, we expect the tokenization market to grow tremendously during the forecast period.

Market Synopsis

BFSI will lead 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 had US$ 123.7 Tn worth of assets in 2017. To prevent client 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 expect significant BFSI segment growth during the forecast period.

The Asia Pacific will be the Fastest Growing.

North America led the tokenization market in 2018, followed by Europe and the Asia Pacific. North America has 1/3rd of the revenue share in the same year. Technological advancements and tokenization adoption are the Market’s major growth factors. Therefore, we expect the Asia Pacific to be the fastest-growing region in the tokenization market during the forecast period. In addition, the growth of the BFSI industry and rising cashless transactions in the region are the major factors for the growth of the Asia Pacific. Consequently, we expect the Asia Pacific region to be the fastest-growing region in the tokenization market throughout the forecast period.

Some of the prominent players operating in the tokenization market are 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 2018as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment 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. In addition, the report provides a holistic view of the global tokenization market based on component, end-user, solution, and geography. Key segments covered in the report are as follows:

Segmentation  Component Segment (2017–2027; US$ Mn)

• Software
• On-premise
• Cloud-based
• Hardware
• Services
• Managed Services
• Professional Services

End-user Segment (2017–2027; US$ Mn)

• BFSI
• Consumer Goods & Retail
• Education
• Defense
• Automotive
• I.T. and Telecom
• Energy & Utilities
• Manufacturing
• Others (Hospitality, Transportation, etc.)

Solution Segment (2017–2027; US$ Mn)

• Payment Security
• Customer Data Management
• Compliance
• Encryption

Geography Segment (2017–2027; US$ Mn)

• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)

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 the 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

List of Figures

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)

List of Tables

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)