Global Payment Tokenization Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI12241636

Publication Date:

December 17, 2024

Pages:

102

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

IT Services [2]

Software [3]

Computing & Electronics [4]

Description:

The global Payment Tokenization market size was valued at US$ 1302.1 million in 2023. With growing demand in downstream market, the Payment Tokenization is forecast to a readjusted size of US$ 3417.9 million by 2030 with a CAGR of 14.8% during review period.
The research report highlights the growth potential of the global Payment Tokenization market. Payment Tokenization are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Payment Tokenization. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Payment Tokenization market.
Tokenization is the process of turning a sensitive data, such as an account number, into a random string of characters called a 鈥渢oken鈥� that has no sensitive data if breached. Tokens are then sent to an organization鈥檚 internal systems for use, serve as reference to the original data, and cannot be used to guess those values.
The industry trend of payment tokenization is steadily increasing as businesses and consumers prioritize security and data protection in the digital payment landscape. With the rise in e-commerce and mobile payments, there is a growing need for secure payment solutions. Tokenization offers an effective way to protect sensitive payment data, making it a preferred method for many industries. The adoption of payment tokenization is further accelerated by regulatory initiatives that prioritize data privacy and security, such as the Payment Card Industry Data Security Standard (PCI DSS). As companies strive to comply with these regulations and build customer trust, the demand for payment tokenization solutions is expected to continue to rise, driving the industry's growth and innovation.
Key Features:
The report on Payment Tokenization market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Payment Tokenization market. It may include historical data, market segmentation by Type (e.g., Service, Software), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Payment Tokenization market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Payment Tokenization market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Payment Tokenization industry. This include advancements in Payment Tokenization technology, Payment Tokenization new entrants, Payment Tokenization new investment, and other innovations that are shaping the future of Payment Tokenization.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Payment Tokenization market. It includes factors influencing customer ' purchasing decisions, preferences for Payment Tokenization product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Payment Tokenization market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Payment Tokenization market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Payment Tokenization market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Payment Tokenization industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Payment Tokenization market.
Market Segmentation:
Payment Tokenization market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Service
Software
Segmentation by application
BFSI
IT, Telecom and Media
Healthcare and Pharma
Government and Defense
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Thales
American Express
Hewlett-Packard Enterprises
Lookout (CipherCloud)
Futurex
Protegrity
TokenEx
Fiserv
Global Payments
Visa (CyberSource)

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Payment Tokenization Market Size 2019-2030
2.1.2 Payment Tokenization Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Payment Tokenization Segment by Type
2.2.1 Service
2.2.2 Software
2.3 Payment Tokenization Market Size by Type
2.3.1 Payment Tokenization Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Payment Tokenization Market Size Market Share by Type (2019-2024)
2.4 Payment Tokenization Segment by Application
2.4.1 BFSI
2.4.2 IT, Telecom and Media
2.4.3 Healthcare and Pharma
2.4.4 Government and Defense
2.4.5 Others
2.5 Payment Tokenization Market Size by Application
2.5.1 Payment Tokenization Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Payment Tokenization Market Size Market Share by Application (2019-2024)
3 Payment Tokenization Market Size by Player
3.1 Payment Tokenization Market Size Market Share by Players
3.1.1 Global Payment Tokenization Revenue by Players (2019-2024)
3.1.2 Global Payment Tokenization Revenue Market Share by Players (2019-2024)
3.2 Global Payment Tokenization Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Payment Tokenization by Regions
4.1 Payment Tokenization Market Size by Regions (2019-2024)
4.2 Americas Payment Tokenization Market Size Growth (2019-2024)
4.3 APAC Payment Tokenization Market Size Growth (2019-2024)
4.4 Europe Payment Tokenization Market Size Growth (2019-2024)
4.5 Middle East & Africa Payment Tokenization Market Size Growth (2019-2024)
5 Americas
5.1 Americas Payment Tokenization Market Size by Country (2019-2024)
5.2 Americas Payment Tokenization Market Size by Type (2019-2024)
5.3 Americas Payment Tokenization Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Payment Tokenization Market Size by Region (2019-2024)
6.2 APAC Payment Tokenization Market Size by Type (2019-2024)
6.3 APAC Payment Tokenization Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Payment Tokenization by Country (2019-2024)
7.2 Europe Payment Tokenization Market Size by Type (2019-2024)
7.3 Europe Payment Tokenization Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Payment Tokenization by Region (2019-2024)
8.2 Middle East & Africa Payment Tokenization Market Size by Type (2019-2024)
8.3 Middle East & Africa Payment Tokenization Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Payment Tokenization Market Forecast
10.1 Global Payment Tokenization Forecast by Regions (2025-2030)
10.1.1 Global Payment Tokenization Forecast by Regions (2025-2030)
10.1.2 Americas Payment Tokenization Forecast
10.1.3 APAC Payment Tokenization Forecast
10.1.4 Europe Payment Tokenization Forecast
10.1.5 Middle East & Africa Payment Tokenization Forecast
10.2 Americas Payment Tokenization Forecast by Country (2025-2030)
10.2.1 United States Payment Tokenization Market Forecast
10.2.2 Canada Payment Tokenization Market Forecast
10.2.3 Mexico Payment Tokenization Market Forecast
10.2.4 Brazil Payment Tokenization Market Forecast
10.3 APAC Payment Tokenization Forecast by Region (2025-2030)
10.3.1 China Payment Tokenization Market Forecast
10.3.2 Japan Payment Tokenization Market Forecast
10.3.3 Korea Payment Tokenization Market Forecast
10.3.4 Southeast Asia Payment Tokenization Market Forecast
10.3.5 India Payment Tokenization Market Forecast
10.3.6 Australia Payment Tokenization Market Forecast
10.4 Europe Payment Tokenization Forecast by Country (2025-2030)
10.4.1 Germany Payment Tokenization Market Forecast
10.4.2 France Payment Tokenization Market Forecast
10.4.3 UK Payment Tokenization Market Forecast
10.4.4 Italy Payment Tokenization Market Forecast
10.4.5 Russia Payment Tokenization Market Forecast
10.5 Middle East & Africa Payment Tokenization Forecast by Region (2025-2030)
10.5.1 Egypt Payment Tokenization Market Forecast
10.5.2 South Africa Payment Tokenization Market Forecast
10.5.3 Israel Payment Tokenization Market Forecast
10.5.4 Turkey Payment Tokenization Market Forecast
10.5.5 GCC Countries Payment Tokenization Market Forecast
10.6 Global Payment Tokenization Forecast by Type (2025-2030)
10.7 Global Payment Tokenization Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Thales
11.1.1 Thales Company Information
11.1.2 Thales Payment Tokenization Product Offered
11.1.3 Thales Payment Tokenization Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Thales Main Business Overview
11.1.5 Thales Latest Developments
11.2 American Express
11.2.1 American Express Company Information
11.2.2 American Express Payment Tokenization Product Offered
11.2.3 American Express Payment Tokenization Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 American Express Main Business Overview
11.2.5 American Express Latest Developments
11.3 Hewlett-Packard Enterprises
11.3.1 Hewlett-Packard Enterprises Company Information
11.3.2 Hewlett-Packard Enterprises Payment Tokenization Product Offered
11.3.3 Hewlett-Packard Enterprises Payment Tokenization Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Hewlett-Packard Enterprises Main Business Overview
11.3.5 Hewlett-Packard Enterprises Latest Developments
11.4 Lookout (CipherCloud)
11.4.1 Lookout (CipherCloud) Company Information
11.4.2 Lookout (CipherCloud) Payment Tokenization Product Offered
11.4.3 Lookout (CipherCloud) Payment Tokenization Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Lookout (CipherCloud) Main Business Overview
11.4.5 Lookout (CipherCloud) Latest Developments
11.5 Futurex
11.5.1 Futurex Company Information
11.5.2 Futurex Payment Tokenization Product Offered
11.5.3 Futurex Payment Tokenization Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Futurex Main Business Overview
11.5.5 Futurex Latest Developments
11.6 Protegrity
11.6.1 Protegrity Company Information
11.6.2 Protegrity Payment Tokenization Product Offered
11.6.3 Protegrity Payment Tokenization Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Protegrity Main Business Overview
11.6.5 Protegrity Latest Developments
11.7 TokenEx
11.7.1 TokenEx Company Information
11.7.2 TokenEx Payment Tokenization Product Offered
11.7.3 TokenEx Payment Tokenization Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 TokenEx Main Business Overview
11.7.5 TokenEx Latest Developments
11.8 Fiserv
11.8.1 Fiserv Company Information
11.8.2 Fiserv Payment Tokenization Product Offered
11.8.3 Fiserv Payment Tokenization Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Fiserv Main Business Overview
11.8.5 Fiserv Latest Developments
11.9 Global Payments
11.9.1 Global Payments Company Information
11.9.2 Global Payments Payment Tokenization Product Offered
11.9.3 Global Payments Payment Tokenization Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Global Payments Main Business Overview
11.9.5 Global Payments Latest Developments
11.10 Visa (CyberSource)
11.10.1 Visa (CyberSource) Company Information
11.10.2 Visa (CyberSource) Payment Tokenization Product Offered
11.10.3 Visa (CyberSource) Payment Tokenization Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Visa (CyberSource) Main Business Overview
11.10.5 Visa (CyberSource) Latest Developments
12 Research Findings and Conclusion

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