Global Tokenization Market – Industry Trends and Forecast to 2026

  • ICT
  • Upcoming Report
  • Jun 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Tokenization Market By Component (Solution, Services), Application Area (Payment Security, User Authentication, Compliance Management), Tokenization Technique (Application Programming Interface (API)-Based, Gateway- Based), Deployment Mode (Cloud, On- Premises), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Vertical (Banking, Financial Services, and Insurance, Government, Retail, Healthcare, IT and Telecom, Energy and Utilities, Automotive, Education, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Tokenization Market 

Global tokenization market is expected to rise to an estimated value of USD 4495.79 million by 2026, registering a healthy CAGR of 22.45% in the forecast period of 2019-2026. Rising demand for standalone tokenization services and cloud- based tokenization solutions is the major factor for the growth of this market.

Market Definition: Global Tokenization Market 

Tokenization is specially designed security systems which are specially designed to avoid the unauthorised access to the important data and information. It protects all the data during transaction which can be done through smartphones, laptops, tablets etc. Application programming interface and gateway- based are the two of the common tokenization technique. These techniques are widely used in the industries like automotive, IT and Telecom, healthcare, government etc. Increasing payments frauds are the major fuelling the growth of this market.

Market Drivers:

  • Increasing compulsion to follow PCI-DSS Guidelines is driving the growth of this market
  • Rising payment frauds is driving the market growth
  • Growing prevalence for cloud-based tokenization solutions is another factor driving the market growth
  • Rising demand for contactless payment solutions is driving the market growth

Market Restraints:

  • Dearth of knowledge about security tokens among population is restraining the market growth
  • Increasing organization inability to afford strong tokenization solutions is restraining market.

Segmentation: Global Tokenization Market 

By Component

  •  Solution
  •  Services

    • Professional Services

      • Consulting
      • Integration
      • Training and Education
      • Support and Maintenance

    • Managed Services

By Application Area

  •  Payment Security
  •  User Authentication
  •  Compliance Management

By Tokenization Technique

  •  Application Programming Interface (API)-Based
  •  Gateway- Based

By Deployment Mode

  •  Cloud
  •  On- Premises

By Organization Size

  •  Small and Medium-Sized Enterprises
  •  Large Enterprises

By Vertical

  •  Banking
  •  Financial Services, and Insurance
  •  Government
  •  Retail
  •  Healthcare
  •  IT and Telecom
  •  Energy and Utilities
  •  Automotive
  • Education
  • Others

By Geography

  • North America

    • US
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In May 2019, Blockstream announced the launch of their new platform that will help the user to use their new token to utilizing its bitcoin sidechain, Liquid. This will help in faster coin transfer and better built-in privacy. It will also provide Liquid API security to the compliances and legal services.
  • In April 2019, MeaWallet announced the launch of their new tokenization solutions so that they can provide visa, American Express tokenization and Mastercard by using a single connection which will also help them to connect easily to the merchants, PSPs and acquirers. The main aim of the launch is to support the transactions of the e-commerce merchants.

Competitive Analysis: Global Tokenization Market 

Global tokenization market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tokenization market for global, Europe, North America, Asia-Pacific and South America.

Major Market Competitors/Players: Global Tokenization Market 

Few of the major competitors currently working in the global tokenization market are First Data Corporation, Gemalto, Fiserv, Inc, Micro Focus, Symantec Corporation, Thales eSecurity, WEX Inc., CipherCloud, Futurex, OpenText Corp., Worldpay, Protegrity USA, Inc., TokenEx, Bluefin Payment Systems, Sequent Software Inc, Discover Bank, Carta Worldwide, Ingenico Group., Verifone., Mastercard., Merchant Link, Rambus.com.

Research Methodology: Global Tokenization Market 

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry. The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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