The tokenized market will grow to be worth $5.6 billion by 2026,

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CHICAGO, May 18, 2023 (Globe Newswire) — global tokenization market According to a new report from MarketsandMarkets™, its size is expected to grow from US$2.3 billion in 2021 to US$5.6 billion by 2026, at a compound annual growth rate (CAGR) of 19.0% during the forecast period. The need to remain compliant and meet regulatory reporting standards drives adoption of tokenization solutions. Regulations such as the Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standards (PCI-DSS), and Sarbanes-Oxley Act (SOX) amid growing need to address growing authenticity requirements and security concerns is expected to strengthen. It continues to grow around the world. Violations of these regulations and standards result in hefty fines for violating organizations. Due to the high costs associated with non-compliance with regulatory obligations, compliance management is expected to continue to be a major growth driver for the adoption of tokenization solutions in enterprises.

See Detailed Table of Contents for Tokenization Markets

319 – Table
59 – Figures
279 – page

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Report scope

Reporting metrics detail
Market size value in 2021 $2.3 billion
Market size value in 2026 $5.6 billion
growth rate CAGR 19.0%
Tokenization market drivers
  • Must remain compliant and meet regulatory reporting standards
  • The rise in financial fraud has increased the need to ensure a continuous customer experience and maintain fraud prevention levels
  • Reduce the risk of data breaches with tokenization
Tokenization Market Opportunity
  • Growing demand for cloud-based tokenization solutions and services
  • Increasing customer preference for contactless payments
Target segment By Component, Service, Application Area, Tokenization Method, Deployment Mode, Organization Size, Industry, Region
Target area North America, Europe, Asia Pacific, Middle East and Africa, Latin America
Target company Fiserv (US), Visa (US), Mastercard (US), Micro Focus (UK), American Express (US), Thales (France), Lookout (US), Futurex (US), CardConnect (US), FIS (US) ) ), HelpSystems (US), MeaWallet (Norway), TokenEx (US), etc.

In November 2020, Fiserv launched Carat, an ecosystem of omnichannel commerce solutions that use cryptography and tokenization to deliver optimized and secure payments. It enables large domestic and multinational companies to enable global payments across channels, devices and payment methods.

By component, the solution segment market is estimated to account for a higher market share in 2021. This is due to the growing demand for higher data security in credit and debit card payments. It replaces sensitive user information with unique tokens to prevent sensitive information from being transferred over vulnerable networks.

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Among the services segment, the managed services sub-segment is expected to witness higher CAGR growth during the forecast period. Managed services range from on-premises device monitoring and management services to Software-as-a-Service (SaaS) and cloud services. Stricter government regulations, increasing complexity of payment processes, and a growing customer base in the small business community have increased its demand.

In the tokenization technology segment, gateway-based tokenization is estimated to hold a high market share in 2021. Gateway-based tokenization helps eliminate the complexity of token request generation and tokenization. Tokenization gateways help merchants accelerate time to market, be PCI DSS compliant, and support digital wallets and e-commerce solutions.

top key player

major vendors tokenization market Includes Fiserv (US), Visa (US), Mastercard (US), Micro Focus (UK), American Express (US), Thales (France), Lookout (US), Futurex (US), CardConnect (US), FIS will be (we).

Frequently Asked Questions (FAQ)

What is the projected market value of the global tokenization market?

The global market for tokenization is projected to reach USD 5.6 billion.

What is the estimated growth rate (CAGR) of the global tokenization market over the next five years?

The global tokenization market is projected to grow at a compound annual growth rate (CAGR) of 19.0% from 2021 to 2026.

See Adjacent Markets: Information Security Market Research Report and Consulting

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