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Tokenization - Global Strategic Business Report

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    Report

  • 455 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4806346

Global Tokenization Market to Reach $8.8 Billion by 2030

The global market for Tokenization estimated at US$2.5 Billion in the year 2023, is projected to reach a revised size of US$8.8 Billion by 2030, growing at a CAGR of 16.9% over the analysis period 2023-2030.

Tokenization Solutions, one of the segments analyzed in the report, is projected to record 17.9% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the Tokenization Services segment is estimated at 14.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $960.6 Million, While China is Forecast to Grow at 21.2% CAGR

The Tokenization market in the U.S. is estimated at US$960.6 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 21.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.2% and 16% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 190 Featured)

  • American Express Company
  • Avaloq Licence AG
  • Bitbond
  • 10XTS
  • AsiaPay Limited
  • BGX
  • BlockCrowd
  • Blocksquare
  • BlockState AG
  • Bloomio
  • Billon Group
  • AlphaPoint
  • Antier Solutions Pvt Ltd
  • ALPHASEED TECHNOLOGY LDT
  • AllianceBlock

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Tokenization - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • 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
  • Global Digital Data Created (In Zettabytes) for the Years 2015, 2020, 2025, and 2030
  • Digital Transformation Accelerates Demand for Tools to Safeguard Sensitive Data: Global Digital Transformation Spending (in US$ Billion) for 2017-2023
  • 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 Boosts Market Growth
  • Global Contactless Payments Market Size (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
  • Steep Rise in Fraud Attacks Marks Opportunity for Tokenization Market
  • Financial Losses in the US Due to Internet Crime in US$ Million
  • Cumulative Global Online Fraud (In US$ Billion) by Region during 2020 to 2024
  • With Mobile Wallets Going Mainstream, Tokenization Comes into Play to Ensure Security of Transactions
  • Common Reasons for Use of Digital Wallets
  • Digital Wallet Adoption by Generation: % of People Using Digital Wallets
  • Retail and E-Commerce Market to Record High Adoption of Tokenization Solutions
  • Global B2C E-Commerce Sales in US$ Trillion for the Years 2019, 2021, 2023 & 2025
  • Retail M-Commerce Sales as % of Retail E-commerce Sales Worldwide for the Years 2016, 2018, 2020 & 2022
  • Advantages of Tokenization for the Rising E-commerce Space
  • Pandemic Fast Forwards eCommerce Growth
  • Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
  • 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
  • Global DevOps Market by Geographic Region (in US$ Thousand) for 2020 and 2027
  • Challenges Facing Tokenization Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World 7-Year Perspective for Solutions by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 4: World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World 7-Year Perspective for Cloud by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for On-Premise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World 7-Year Perspective for On-Premise by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Payment Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 10: World 7-Year Perspective for Payment Security by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Compliance Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World 7-Year Perspective for Compliance Management by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for User Authentication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World 7-Year Perspective for User Authentication by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 15: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 16: World 7-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Retail & eCommerce by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World 7-Year Perspective for Retail & eCommerce by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for IT & ITES by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World 7-Year Perspective for IT & ITES by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 21: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 22: World 7-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World 7-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Energy & Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 26: World 7-Year Perspective for Energy & Utilities by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 27: World Recent Past, Current & Future Analysis for Other Verticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 28: World 7-Year Perspective for Other Verticals by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 29: World Tokenization Market Analysis of Annual Sales in US$ Thousand for Years 2020 through 2030
  • Table 30: World Recent Past, Current & Future Analysis for Tokenization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Bills Generated in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 31: World 7-Year Perspective for Tokenization by Geographic Region - Percentage Breakdown of Value Bills Generated for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Tokenization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Tokenization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Tokenization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Tokenization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Tokenization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Tokenization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Tokenization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Tokenization Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • American Express Company
  • Avaloq Licence AG
  • Bitbond
  • 10XTS
  • AsiaPay Limited
  • BGX
  • BlockCrowd
  • Blocksquare
  • BlockState AG
  • Bloomio
  • Billon Group
  • AlphaPoint
  • Antier Solutions Pvt Ltd
  • ALPHASEED TECHNOLOGY LDT
  • AllianceBlock