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Tokenization Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component, Deployment, Enterprise Size, Industry Vertical, and Geography- Product Image
Tokenization Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component, Deployment, Enterprise Size, Industry Vertical, and Geography- Product Image
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Tokenization Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component, Deployment, Enterprise Size, Industry Vertical, and Geography

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    Report

  • 202 Pages
  • July 2020
  • Region: Global
  • The Insight Partners
  • ID: 5136070
UP TO OFF until Dec 31st 2024
Description Jump to:
According to the latest market study on 'Tokenization Market to 2027 - COVID- Impact and Global Analysis - by Component (Solution and Services), Deployment (Cloud and On-premise), Enterprise Size (SMEs and Large Enterprises), Industry Vertical (BFSI, Retail, IT & Telecom, Healthcare, Government, and Others); and Geography,' the market was valued at US$ 1,159.5 million in 2019 and is projected to reach US$ 6,823.7 million by 2027; it is expected to grow at a CAGR of 25.7% from 2020 to 2027.

North America is estimated to dominate the tokenization market, followed by Europe. The growing payment security concerns and stringent regulatory compliances are some of the major factors anticipated to fuel the demand for tokenization in North America. Moreover, APAC is expected to witness the highest CAGR during the forecast period. The tokenization market in APAC is gaining prominence, as the tokenization solution offers proactive security measures to prevent data breaches. Additionally, the rising awareness among SMEs and large enterprises in the APAC region regarding the benefits of the tokenization process has resulted in increased adoption of tokenization to combat cyber frauds and data thefts.

APAC region comprises key economies, such as China, India, Australia, Hong Kong, and Japan, which are rapidly installing the tokenization solution in various industries. Moreover, the growing IT & telecom sector, particularly in developing economies of the region, is likely to propel the growth of the tokenization market. Additionally, the growing trend of online shopping in the MEA region is expected to boost the adoption of tokenization solutions by retailers.

Impact of COVID-19 on Tokenization Market

The COVID-19 epidemic is changing the functioning of businesses worldwide. The worldwide payment ecosystem has proven strong in the face of the epidemic, as the general population endures to trust payments systems as well as providers. Considering this factor, there were no considerable interruptions of fundamental infrastructure in the payment ecosystem. Nevertheless, the payment industry is not majorly affected by this crisis. The major changes for payment providers attributed to the epidemic comprise a surge in non-performing loans, a decline in revenues, and greater demand on client service teams. Total payment amounts have contracted owing to the decline in consumption as well as trade.

In the short term, this change is expected to push payment providers to make changes in operating model, likely prioritizing greater flexibility, as well as new short-term goals. However, the long-term impacts of the epidemic on global payments are expected to be even greater. Some of the major changes that are anticipated to take place include robust thrust towards cashless society, need for innovative fraud protection tools and solutions, strict environment for payments fintechs, digital innovation, and growth for tokenized mobile wallets.

The Report Segments the Global Tokenization Market as Follows:

By Component
  • Solution
  • Services

By Deployment
  • Cloud
  • On-Premise

By Enterprise Size
  • SMEs
  • Large Enterprises

By Industry
  • BFSI
  • Retail
  • IT and Telecom
  • Healthcare
  • Government
  • Others

By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
  • Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
  • Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA
  • South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Tokenization Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Tokenization Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Compliance With PCI-DSS Guidelines as Well as GDPR
5.1.2 The Growing Need for Secure Payment Gateways
5.2 Market Restraints
5.2.1 Cost Associated with Tokenization
5.3 Market Opportunities
5.3.1 Growing Trend Toward Contactless Payment Solutions
5.4 Future Trends
5.4.1 Increased Implementation for Cloud-Based Tokenization Solutions Amongst SMEs
5.1 Impact Analysis of Drivers and Restraints
6. Tokenization - Global Market Analysis
6.1 Tokenization: Global Overview
6.2 Tokenization Market - Revenue and Forecast to 2027 (USD Million)
6.3 Market Positioning - Global Market Players Ranking
7. Tokenization Market Analysis - By Application
7.1.1 Overview
7.2 Payment Security
7.2.1 Overview
7.3 User Authentication
7.3.1 Overview
7.4 Compliance Management
7.4.1 Overview
8. Tokenization Market Analysis - By Component
8.1.1 Overview
8.1.2 Tokenization Market Breakdown, by Component, 2019 & 2027
8.2 Solution
8.2.1 Overview
8.2.2 Solution: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
8.3 Services
8.3.1 Overview
8.3.2 Services: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
9. Tokenization Market Analysis - By Deployment
9.1 Overview
9.2 Tokenization Market Breakdown, by Deployment, 2019 & 2027
9.3 Cloud
9.3.1 Overview
9.3.2 Cloud: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
9.4 On-premise
9.4.1 Overview
9.4.2 On-premise: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
10. Tokenization Market Analysis - By Enterprise Size
10.1 Overview
10.2 Tokenization Market Breakdown, by Enterprise Size, 2019 & 2027
10.3 SMEs
10.3.1 Overview
10.3.2 SMEs: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
10.4 Large enterprises
10.4.1 Overview
10.4.2 Large enterprises: Tokenization Market - Revenue and Forecast to 2027 (US$ Million).
11. Tokenization Market Analysis - By Industry Vertical
11.1 Overview
11.2 Tokenization Market Breakdown, by Industry Vertical, 2019 & 2027
11.3 BFSI
11.3.1 Overview
11.3.2 BFSI: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
11.4 Retail
11.4.1 Overview
11.4.2 Retail: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
11.5 Healthcare
11.5.1 Overview
11.5.2 Healthcare: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
11.6 IT & Telecom
11.6.1 Overview
11.6.2 IT & Telecom: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
11.7 Government
11.7.1 Overview
11.7.2 Government: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
11.8 Others
11.8.1 Overview
11.8.2 Others: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12. Tokenization Market - Geographic Analysis
12.1 Overview
12.2 North America: Tokenization Market
12.2.1 North America: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.2.2 North America: Tokenization Market, by Component
12.2.3 North America: Tokenization Market, by Deployment
12.2.4 North America: Tokenization Market, by Enterprise Size
12.2.5 North America: Tokenization Market, by Industry Vertical
12.2.6 North America: Tokenization Market, by Key Country
12.2.6.1 US: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.2.6.1.1 US: Tokenization Market, by Component
12.2.6.1.2 US: Tokenization Market, by Deployment
12.2.6.1.3 US: Tokenization Market, by Enterprise Size
12.2.6.1.4 US: Tokenization Market, by Industry Vertical
12.2.6.2 Canada: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.2.6.2.1 Canada: Tokenization Market, by Component
12.2.6.2.2 Canada: Tokenization Market, by Deployment
12.2.6.2.3 Canada: Tokenization Market, by Enterprise Size
12.2.6.2.4 Canada: Tokenization Market, by Industry Vertical
12.2.6.3 Mexico: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.2.6.3.1 Mexico: Tokenization Market, by Component
12.2.6.3.2 Mexico: Tokenization Market, by Deployment
12.2.6.3.3 Mexico: Tokenization Market, by Enterprise Size
12.2.6.3.4 Mexico: Tokenization Market, by Industry Vertical
12.3 Europe: Tokenization Market
12.3.1 Europe: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.3.2 Europe: Tokenization Market, by Component
12.3.3 Europe: Tokenization Market, by Deployment
12.3.4 Europe: Tokenization Market, by Enterprise Size
12.3.5 Europe: Tokenization Market, by Industry Vertical
12.3.6 Europe: Tokenization Market, by Key Country
12.3.6.1 Germany: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.3.6.1.1 Germany: Tokenization Market, by Component
12.3.6.1.2 Germany: Tokenization Market, by Deployment
12.3.6.1.3 Germany: Tokenization Market, by Enterprise Size
12.3.6.1.4 Germany: Tokenization Market, by Industry Vertical
12.3.6.2 France: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.3.6.2.1 France: Tokenization Market, by Component
12.3.6.2.2 France: Tokenization Market, by Deployment
12.3.6.2.3 France: Tokenization Market, by Enterprise Size
12.3.6.2.4 France: Tokenization Market, by Industry Vertical
12.3.6.3 Italy: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.3.6.3.1 Italy: Tokenization Market, by Component
12.3.6.3.2 Italy: Tokenization Market, by Deployment
12.3.6.3.3 Italy: Tokenization Market, by Enterprise Size
12.3.6.3.4 Italy: Tokenization Market, by Industry Vertical
12.3.6.4 UK: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.3.6.4.1 UK: Tokenization Market, by Component
12.3.6.4.2 UK: Tokenization Market, by Deployment
12.3.6.4.3 UK: Tokenization Market, by Enterprise Size
12.3.6.4.4 UK: Tokenization Market, by Industry Vertical
12.3.6.5 Russia: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.3.6.5.1 Russia: Tokenization Market, by Component
12.3.6.5.2 Russia: Tokenization Market, by Deployment
12.3.6.5.3 Russia: Tokenization Market, by Enterprise Size
12.3.6.5.4 Russia: Tokenization Market, by Industry Vertical
12.3.6.6 Rest of Europe: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.3.6.6.1 Rest of Europe: Tokenization Market, by Component
12.3.6.6.2 Rest of Europe: Tokenization Market, by Deployment
12.3.6.6.3 Rest of Europe: Tokenization Market, by Enterprise Size
12.3.6.6.4 Rest of Europe: Tokenization Market, by Industry Vertical
12.4 APAC: Tokenization Market
12.4.1 APAC: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.4.2 APAC: Tokenization Market, by Component
12.4.3 APAC: Tokenization Market, by Deployment
12.4.4 APAC: Tokenization Market, by Enterprise Size
12.4.5 APAC: Tokenization Market, by Industry Vertical
12.4.6 APAC: Tokenization Market, by Key Country
12.4.6.1 China: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.4.6.1.1 China: Tokenization Market, by Component
12.4.6.1.2 China: Tokenization Market, by Deployment
12.4.6.1.3 China: Tokenization Market, by Enterprise Size
12.4.6.1.4 China: Tokenization Market, by Industry Vertical
12.4.6.2 India: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.4.6.2.1 India: Tokenization Market, by Component
12.4.6.2.2 India: Tokenization Market, by Deployment
12.4.6.2.3 India: Tokenization Market, by Enterprise Size
12.4.6.2.4 India: Tokenization Market, by Industry Vertical
12.4.6.3 Japan: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.4.6.3.1 Japan: Tokenization Market, by Component
12.4.6.3.2 Japan: Tokenization Market, by Deployment
12.4.6.3.3 Japan: Tokenization Market, by Enterprise Size
12.4.6.3.4 Japan: Tokenization Market, by Industry Vertical
12.4.6.4 South Korea: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.4.6.4.1 South Korea: Tokenization Market, by Component
12.4.6.4.2 South Korea: Tokenization Market, by Deployment
12.4.6.4.3 South Korea: Tokenization Market, by Enterprise Size
12.4.6.4.4 South Korea: Tokenization Market, by Industry Vertical
12.4.6.5 Australia: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.4.6.5.1 Australia: Tokenization Market, by Component
12.4.6.5.2 Australia: Tokenization Market, by Deployment
12.4.6.5.3 Australia: Tokenization Market, by Enterprise Size
12.4.6.5.4 Australia: Tokenization Market, by Industry Vertical
12.4.6.6 Rest of APAC: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.4.6.6.1 Rest of APAC: Tokenization Market, by Component
12.4.6.6.2 Rest of APAC: Tokenization Market, by Deployment
12.4.6.6.3 Rest of APAC: Tokenization Market, by Enterprise Size
12.4.6.6.4 Rest of APAC: Tokenization Market, by Industry Vertical
12.5 MEA: Tokenization Market
12.5.1 MEA: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.5.2 MEA: Tokenization Market, by Component
12.5.3 MEA: Tokenization Market, by Deployment
12.5.4 MEA: Tokenization Market, by Enterprise Size
12.5.5 MEA: Tokenization Market, by Industry Vertical
12.5.6 MEA: Tokenization Market, by Key Country
12.5.6.1 South Africa: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.5.6.1.1 South Africa: Tokenization Market, by Component
12.5.6.1.2 South Africa: Tokenization Market, by Deployment
12.5.6.1.3 South Africa: Tokenization Market, by Enterprise Size
12.5.6.1.4 South Africa: Tokenization Market, by Industry Vertical
12.5.6.2 Saudi Arabia: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.5.6.2.1 Saudi Arabia: Tokenization Market, by Component
12.5.6.2.2 Saudi Arabia: Tokenization Market, by Deployment
12.5.6.2.3 Saudi Arabia: Tokenization Market, by Enterprise Size
12.5.6.2.4 Saudi Arabia: Tokenization Market, by Industry Vertical
12.5.6.3 UAE: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.5.6.3.1 UAE: Tokenization Market, by Component
12.5.6.3.2 UAE: Tokenization Market, by Deployment
12.5.6.3.3 UAE: Tokenization Market, by Enterprise Size
12.5.6.3.4 UAE: Tokenization Market, by Industry Vertical
12.5.6.4 Rest of MEA: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.5.6.4.1 Rest of MEA: Tokenization Market, by Component
12.5.6.4.2 Rest of MEA: Tokenization Market, by Deployment
12.5.6.4.3 Rest of MEA: Tokenization Market, by Enterprise Size
12.5.6.4.4 Rest of MEA: Tokenization Market, by Industry Vertical
12.6 SAM: Tokenization Market
12.6.1 SAM: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.6.2 SAM: Tokenization Market, by Component
12.6.3 SAM: Tokenization Market, by Deployment
12.6.4 SAM: Tokenization Market, by Enterprise Size
12.6.5 SAM: Tokenization Market, by Industry Vertical
12.6.6 SAM: Tokenization Market, by Key Country
12.6.6.1 Brazil: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.6.6.1.1 Brazil: Tokenization Market, by Component
12.6.6.1.2 Brazil: Tokenization Market, by Deployment
12.6.6.1.3 Brazil: Tokenization Market, by Enterprise Size
12.6.6.1.4 Brazil: Tokenization Market, by Industry Vertical
12.6.6.2 Argentina: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.6.6.2.1 Argentina: Tokenization Market, by Component
12.6.6.2.2 Argentina: Tokenization Market, by Deployment
12.6.6.2.3 Argentina: Tokenization Market, by Enterprise Size
12.6.6.2.4 Argentina: Tokenization Market, by Industry Vertical
12.6.6.3 Rest of SAM: Tokenization Market - Revenue and Forecast to 2027 (US$ Million)
12.6.6.3.1 Rest of SAM: Tokenization Market, by Component
12.6.6.3.2 Rest of SAM: Tokenization Market, by Deployment
12.6.6.3.3 Rest of SAM: Tokenization Market, by Enterprise Size
12.6.6.3.4 Rest of SAM: Tokenization Market, by Industry Vertical
13. Impact of COVID-19 Pandemic on Global Tokenization Market
13.1 Overview
13.1.1 North America: Impact Assessment of COVID-19 Pandemic
13.1.2 Europe: Impact Assessment of COVID-19 Pandemic
13.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
13.1.4 MEA: Impact Assessment of COVID-19 Pandemic
13.1.5 SAM: Impact Assessment of COVID-19 Pandemic
14. Industry Landscape
14.1 Market Initiatives
14.2 New Product Development
14.3 Mergers and Acquisition
15. Company Profiles
15.1 Broadcom, Inc.
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 CipherCloud, Inc.
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 FUTUREX
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Fiserv, Inc.
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Micro Focus International plc
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 OpenText Corporation
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Sequent Software Inc.
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 TokenEx
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Thales Group
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 Visa, Inc.
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About the Publisher
16.2 Word Index

Companies Mentioned

  • Broadcom, Inc.
  • CipherCloud, Inc.
  • FUTUREX
  • Fiserv, Inc.
  • Micro Focus International plc
  • OpenText Corporation
  • Sequent Software Inc.
  • TokenEx
  • Thales Group
  • Visa, Inc.

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