Tokenization Global Market Report 2022: Data Tokenization Becomes Important for Government Agencies

DUBLIN, Nov. 10, 2022 /PRNewswire/ -- The "Tokenization - Global Market Trajectory & Analytics" report has been added to  ResearchAndMarkets.com's offering.

Global Tokenization Market to Reach $5.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Tokenization estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at a CAGR of 18.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 19.6% CAGR and reach US$3.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 16% CAGR for the next 7-year period.

The U.S. Market is Estimated at $604.4 Million, While China is Forecast to Grow at 23.7% CAGR

The Tokenization market in the U.S. is estimated at US$604.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$586.8 Million by the year 2027 trailing a CAGR of 23.7% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.4% and 17.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.5% CAGR.

Select Competitors (Total 190 Featured)

• American Express Company
• AsiaPay Limited
• Bluefin Payment Systems LLC
• Cardlink
• Fiserv, Inc.
• Futurex LP
• HelpSystems, LLC
• HST Campinas, SP
• IntegraPay
• Marqeta, Inc.
• Mastercard Inc.
• MeaWallet AS
• Micro Focus International plc
• Paragon Payment Solutions
• Sequent Software Inc.
• Shift4 Payments, LLC
• Sygnum Bank AG
• Thales TCT
• TokenEx, LLC
• VeriFone, Inc.
• Visa Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Tokenization - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of COVID-19 Pandemic and Looming Global Recession
• 2020 Marked as a Year of Disruption & Transformation
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
• Shift towards Digital Technologies Enhances Prospects for Security Technologies & Solutions
• Global Cybersecurity Market Growth Outlook (In %) for Years 2019 through 2025
• Heightened Threat of Data Breaches During Pandemic Supports Tokenization Market
• Threat to Security and Privacy: Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
• Pandemic Propels Payment System Ecosystem to Entirely New Levels with Tokenization & Other Approaches
• An Introduction to Tokenization
• Objective of Tokenization
• PCI DSS and Tokenization
• Focus on Fraud Prevention & Payment Security Gives Extraordinary Thrust to Global Tokenization Market
• Surge in Online Payments & Contactless Payments Accelerate Market Growth
• Solution Segment & BFSI Vertical Sweep Tokenization Market with Majority Stake
• SMEs Segment to Exhibit Rapid Growth
• Developed Regions Lead the Global Tokenization Market
• World Brands
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Digital Transformation of Businesses and the Imperative Need to Ensure Security of Sensitive Data to Spur Tokenization Market
• Digital Transformation Accelerates Demand for Tools to Safeguard Sensitive Data
• Data Tokenization: Unlocking the Potential of Data-Based Economy
• Encryption Vs Tokenization: A Comparative Review
• Use Cases of Tokenization and Encryption
• BFSI: The Major End-Use Vertical for Tokenization Solutions
• Surge in Digital Transactions to Boost Need for Tokenization
• Rising Customer Inclination towards Contactless Payments Amidst the Pandemic Boosts Market Growth
• Steep Rise in Fraud Attacks amid COVID-19 Predicament Marks Opportunity for Tokenization Market
• With Mobile Wallets Going Mainstream, Tokenization Comes into Play to Ensure Security of Transactions
• Retail and E-Commerce Market to Record High Adoption of Tokenization Solutions
• Advantages of Tokenization for the Rising E-commerce Space
• Pandemic Fast Forwards eCommerce Growth
• Data Tokenization Becomes Important for Government Agencies
• Tokenization Becomes Relevant Amidst Digitization of Infrastructure in Energy & Utilities
• Compliance with Strict Regulatory Guidelines Drives Enterprises to Adopt Tokenization Solutions
• Growing Proliferation of Cloud-based Solutions & Services Presents Market Opportunity
• SMEs Witness High Adoption of Tokenization Solutions
• Growing Importance of Tokenization in Natural Language Processing (NLP)
• Tokenization Emerges a Key Strategy to Improve Customer Experience and Enhance Revenue Generation
• Protection of Sensitive Application Data in DevOps Enhances Need for Tokenization
• Challenges Facing Tokenization Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 190

For more information about this report visit https://www.researchandmarkets.com/r/qlhj2u

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SOURCE Research and Markets