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Global Tokenization Market to reach USD 14.17 billion by the end of 2029.

Global Tokenization Market Size study & Forecast, by Type (Solution, Services), By Deployment (On-Premise, Cloud), By End-User Industry (BFSI, Healthcare, IT, Government, Retail And E-Commerce, Energy & Utilities, Other ) and Regional Analysis, 2022-2029

Product Code: ICTEITS-43698465
Publish Date: 24-04-2023
Page: 200

Global Tokenization Market is valued at approximately USD 2.52 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 24.09% over the forecast period 2022-2029. Tokenization is the process of replacing sensitive data with unique identification symbols that retain all of the data’s essential information while ensuring its security. The Tokenization market is expanding because of factors such as the rising adoption in the e-commerce industry and increasing government regulation across data security.
UNCTAD reported in 2021 that the growth of online sales has caused the size of the global e-commerce business to climb by around 4% from 2018 to over USD 26.7 trillion in 2019. With an estimated 25.9% of the market in 2020, the Republic of Korea is the dominant region. Moreover, Australia, Canada, China, Singapore, the United Kingdom, and the United States all have retail sales or online shares of the e-commerce business that are, respectively, about 9.4%, 6.2%, 24.9%, 11.7%, 23.3%, and 14%.Whereas rising demand for secure payment gateways and technological advancement and innovations create lucrative opportunities for the market. However, the availability of similar products and lack of awareness hampers the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Tokenization Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing adoption of advanced technology, growing adoption of tokenization solutions, and rising adoption of digital payments. Also, North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing demand penetration of market players, growth activities, and adoption of cloud technology in the forecast period.

Major market players included in this report are:
Paymetric, Inc.
Protegrity USA, Inc.
Broadcom Inc.
Thales Group
Hewlett Packard Enterprise Inc
First Data Corporation
Cardconnect Corporation
3delta Systems, Inc.
Ciphercloud Incorporation
Cybersource Corporation

Recent Developments in the Market:
Ø In May 2018, the world’s leading cybersecurity company, Symantec Corporation, announced the establishment of a new privacy research center in Saarbrucken, Germany. The new location’s goal is twofold: it wants to give consumers more control over their personal data and online footprints, and it wants to give governments and corporations more tools to help them be responsible custodians of the data they handle.
Global Tokenization Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Deployment, End-user Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Solutions
Services

By Deployment:
On-Premises
Cloud

By End-user Industry:
BFSI
Healthcare
IT
Government
Retail And E-Commerce
Energy & Utilities
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Tokenization Market, by Region, 2019-2029 (USD Billion)
1.2.2. Tokenization Market, by Type, 2019-2029 (USD Billion)
1.2.3. Tokenization Market, by Deployment, 2019-2029 (USD Billion)
1.2.4. Tokenization Market, by End User industry, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Tokenization Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Tokenization Market Dynamics
3.1. Tokenization Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Rising adoption in the e-commerce industry
3.1.1.2. Increasing government regulation across data security
3.1.2. Market Challenges
3.1.2.1. Availability of similar products and lack of awareness
3.1.3. Market Opportunities
3.1.3.1. Rising demand for secure payment gateways
3.1.3.2. Technological advancement and innovations
Chapter 4. Global Tokenization Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Tokenization Market, by Type
6.1. Market Snapshot
6.2. Global Tokenization Market by Type, Performance – Potential Analysis
6.3. Global Tokenization Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Tokenization Market, Sub Segment Analysis
6.4.1. Solution
6.4.2. Services
Chapter 7. Global Tokenization Market, by Deployment
7.1. Market Snapshot
7.2. Global Tokenization Market by Deployment, Performance – Potential Analysis
7.3. Global Tokenization Market Estimates & Forecasts by Deployment 2019-2029 (USD Billion)
7.4. Tokenization Market, Sub Segment Analysis
7.4.1. On Premise
7.4.2. Cloud
Chapter 8. Global Tokenization Market, by End User Industry
8.1. Market Snapshot
8.2. Global Tokenization Market by End User Industry, Performance – Potential Analysis
8.3. Global Tokenization Market Estimates & Forecasts by End User Industry 2019-2029 (USD Billion)
8.4. Tokenization Market, Sub Segment Analysis
8.4.1. BFSI
8.4.2. Healthcare
8.4.3. IT
8.4.4. Government
8.4.5. Retail And E-Commerce
8.4.6. Energy & Utilities
8.4.7. Other

Chapter 9. Global Tokenization Market, Regional Analysis
9.1. Tokenization Market, Regional Market Snapshot
9.2. North America Tokenization Market
9.2.1. U.S. Tokenization Market
9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
9.2.1.2. Deployment breakdown estimates & forecasts, 2019-2029
9.2.1.3. End User Industry breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Tokenization Market
9.3. Europe Tokenization Market Snapshot
9.3.1. U.K. Tokenization Market
9.3.2. Germany Tokenization Market
9.3.3. France Tokenization Market
9.3.4. Spain Tokenization Market
9.3.5. Italy Tokenization Market
9.3.6. Rest of Europe Tokenization Market
9.4. Asia-Pacific Tokenization Market Snapshot
9.4.1. China Tokenization Market
9.4.2. India Tokenization Market
9.4.3. Japan Tokenization Market
9.4.4. Australia Tokenization Market
9.4.5. South Korea Tokenization Market
9.4.6. Rest of Asia Pacific Tokenization Market
9.5. Latin America Tokenization Market Snapshot
9.5.1. Brazil Tokenization Market
9.5.2. Mexico Tokenization Market
9.6. Rest of The World Tokenization Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Paymetric, Inc.
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Protegrity USA, Inc.
10.2.3. Broadcom Inc.
10.2.4. Thales Group
10.2.5. Hewlett Packard Enterprise Inc
10.2.6. First Data Corporation
10.2.7. Cardconnect Corporation
10.2.8. 3delta Systems, Inc.
10.2.9. Ciphercloud Incorporation
10.2.10. Cybersource Corporation
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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