Dublin, Oct. 26, 2022 (GLOBE NEWSWIRE) -- 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
- Fiserv, Inc.
- Futurex LP
- HelpSystems, LLC
- HST Campinas, SP
- 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:
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
- Total Companies Profiled: 190
For more information about this report visit https://www.researchandmarkets.com/r/9mvpj6
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