How big is the Tokenization Solution Market?

The Tokenization Solution Market size is expected to reach USD 5.35 billion in 2024 and grow at a CAGR of 17.68% to reach USD 12.07 billion by 2029. Read More

What is the current Tokenization Solution Market size?

In 2024, the Tokenization Solution Market size is expected to reach USD 5.35 billion. Read More

Who are the key players in Tokenization Solution Market?

Protegrity USA, Inc., Broadcom Inc., Thales Group, Hewlett Packard Enterprise and Paymetric, Inc. are the major companies operating in the Tokenization Solution Market. Read More

Which is the fastest growing region in Tokenization Solution Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Tokenization Solution Market?

In 2024, the North America accounts for the largest market share in Tokenization Solution Market. Read More

What years does this Tokenization Solution Market cover, and what was the market size in 2023?

In 2023, the Tokenization Solution Market size was estimated at USD 4.40 billion. The report covers the Tokenization Solution Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Tokenization Solution Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Tokenization Solution Market - Size, Trends & Share

Tokenization Solution Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Tokenization Solution Market Analysis and It is Segmented by Type (Solution, Services), by Deployment (On-Premises, Cloud), by End-User Industry (Retail & E-Commerce, Transportation & Logistics, BFSI, IT & Telecommunications, Healthcare, Government, Energy & Utilities), and Geography. The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Tokenization Solution Industry Overview

The Tokenization solution market is competitive because of the presence of many players running their businesses within national and international boundaries. The market is highly fragmented, with significant players like Paymetric, Inc., Protegrity USA, Inc., Broadcom Inc., Thales Group, and Hewlett Packard Enterprise. The companies improve their expertise in the field and security to gain a competitive advantage.

August 2022 - The Reserve Bank of India (RBI) has expanded the tokenization facility from an earlier designed-based tokenization framework to Card on File Tokenization (COFT) to ensure the payment system's safety and security. The digital payment provider Paytm has unveiled a tokenization method for online credit and debit card transactions. The RBI released rules for payment aggregators (PA) and payment gateways (PG), which sparked the beginning of this development.
May 2022 - Thales declared that their CipherTrust Tokenization is the first tokenization solution for SAP clients validated by SAP and can be used to safeguard sensitive data. The tokenization solution from Thales, accessible through SAP Data Custodian, offers more granular levels of data security and user access restrictions, significantly reducing the time to compliance for businesses that are shifting more apps and workloads to the cloud.