Global Payment Tokenization Supply, Demand and Key Producers, 2023-2029

Description

The global Payment Tokenization market size is expected to reach $ 3351.3 million by 2029, rising at a market growth of 13.6% CAGR during the forecast period (2023-2029).

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.

Tokenization is the process of turning a sensitive data, such as an account number, into a random string of characters called a “token” that has no sensitive data if breached. Tokens are then sent to an organization’s internal systems for use, serve as reference to the original data, and cannot be used to guess those values.

This report studies the global Payment Tokenization demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Payment Tokenization, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Payment Tokenization that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Payment Tokenization total market, 2018-2029, (USD Million)
Global Payment Tokenization total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Payment Tokenization total market, key domestic companies and share, (USD Million)
Global Payment Tokenization revenue by player and market share 2018-2023, (USD Million)
Global Payment Tokenization total market by Type, CAGR, 2018-2029, (USD Million)
Global Payment Tokenization total market by Application, CAGR, 2018-2029, (USD Million).

This reports profiles major players in the global Payment Tokenization market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Thales, American Express, Hewlett-Packard Enterprises, Lookout (CipherCloud), Futurex, Protegrity, TokenEx, Fiserv and Global Payments, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Payment Tokenization market.

Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Payment Tokenization Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Payment Tokenization Market, Segmentation by Type
    Service
    Software

Global Payment Tokenization Market, Segmentation by Application
    BFSI
    IT, Telecom and Media
    Healthcare and Pharma
    Government and Defense
    Others

Companies Profiled:
    Thales
    American Express
    Hewlett-Packard Enterprises
    Lookout (CipherCloud)
    Futurex
    Protegrity
    TokenEx
    Fiserv
    Global Payments
    Visa (CyberSource)

Key Questions Answered
1. How big is the global Payment Tokenization market?
2. What is the demand of the global Payment Tokenization market?
3. What is the year over year growth of the global Payment Tokenization market?
4. What is the total value of the global Payment Tokenization market?
5. Who are the major players in the global Payment Tokenization market?

Table of Contents

1 Supply Summary
    1.1 Payment Tokenization Introduction
    1.2 World Payment Tokenization Market Size & Forecast (2018 & 2022 & 2029)
    1.3 World Payment Tokenization Total Market by Region (by Headquarter Location)
        1.3.1 World Payment Tokenization Market Size by Region (2018-2029), (by Headquarter Location)
        1.3.2 United States Payment Tokenization Market Size (2018-2029)
        1.3.3 China Payment Tokenization Market Size (2018-2029)
        1.3.4 Europe Payment Tokenization Market Size (2018-2029)
        1.3.5 Japan Payment Tokenization Market Size (2018-2029)
        1.3.6 South Korea Payment Tokenization Market Size (2018-2029)
        1.3.7 ASEAN Payment Tokenization Market Size (2018-2029)
        1.3.8 India Payment Tokenization Market Size (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Payment Tokenization Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Payment Tokenization Major Market Trends

2 Demand Summary
    2.1 World Payment Tokenization Consumption Value (2018-2029)
    2.2 World Payment Tokenization Consumption Value by Region
        2.2.1 World Payment Tokenization Consumption Value by Region (2018-2023)
        2.2.2 World Payment Tokenization Consumption Value Forecast by Region (2024-2029)
    2.3 United States Payment Tokenization Consumption Value (2018-2029)
    2.4 China Payment Tokenization Consumption Value (2018-2029)
    2.5 Europe Payment Tokenization Consumption Value (2018-2029)
    2.6 Japan Payment Tokenization Consumption Value (2018-2029)
    2.7 South Korea Payment Tokenization Consumption Value (2018-2029)
    2.8 ASEAN Payment Tokenization Consumption Value (2018-2029)
    2.9 India Payment Tokenization Consumption Value (2018-2029)

3 World Payment Tokenization Companies Competitive Analysis
    3.1 World Payment Tokenization Revenue by Player (2018-2023)
    3.2 Industry Rank and Concentration Rate (CR)
        3.2.1 Global Payment Tokenization Industry Rank of Major Players
        3.2.2 Global Concentration Ratios (CR4) for Payment Tokenization in 2022
        3.2.3 Global Concentration Ratios (CR8) for Payment Tokenization in 2022
    3.3 Payment Tokenization Company Evaluation Quadrant
    3.4 Payment Tokenization Market: Overall Company Footprint Analysis
        3.4.1 Payment Tokenization Market: Region Footprint
        3.4.2 Payment Tokenization Market: Company Product Type Footprint
        3.4.3 Payment Tokenization Market: Company Product Application Footprint
    3.5 Competitive Environment
        3.5.1 Historical Structure of the Industry
        3.5.2 Barriers of Market Entry
        3.5.3 Factors of Competition
    3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
    4.1 United States VS China: Payment Tokenization Revenue Comparison (by Headquarter Location)
        4.1.1 United States VS China: Payment Tokenization Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
        4.1.2 United States VS China: Payment Tokenization Revenue Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States Based Companies VS China Based Companies: Payment Tokenization Consumption Value Comparison
        4.2.1 United States VS China: Payment Tokenization Consumption Value Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Payment Tokenization Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States Based Payment Tokenization Companies and Market Share, 2018-2023
        4.3.1 United States Based Payment Tokenization Companies, Headquarters (States, Country)
        4.3.2 United States Based Companies Payment Tokenization Revenue, (2018-2023)
    4.4 China Based Companies Payment Tokenization Revenue and Market Share, 2018-2023
        4.4.1 China Based Payment Tokenization Companies, Company Headquarters (Province, Country)
        4.4.2 China Based Companies Payment Tokenization Revenue, (2018-2023)
    4.5 Rest of World Based Payment Tokenization Companies and Market Share, 2018-2023
        4.5.1 Rest of World Based Payment Tokenization Companies, Headquarters (States, Country)
        4.5.2 Rest of World Based Companies Payment Tokenization Revenue, (2018-2023)

5 Market Analysis by Type
    5.1 World Payment Tokenization Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 Service
        5.2.2 Software
    5.3 Market Segment by Type
        5.3.1 World Payment Tokenization Market Size by Type (2018-2023)
        5.3.2 World Payment Tokenization Market Size by Type (2024-2029)
        5.3.3 World Payment Tokenization Market Size Market Share by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Payment Tokenization Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 BFSI
        6.2.2 IT, Telecom and Media
        6.2.3 Healthcare and Pharma
        6.2.4 Government and Defense
        6.2.5 Government and Defense
    6.3 Market Segment by Application
        6.3.1 World Payment Tokenization Market Size by Application (2018-2023)
        6.3.2 World Payment Tokenization Market Size by Application (2024-2029)
        6.3.3 World Payment Tokenization Market Size by Application (2018-2029)

7 Company Profiles
    7.1 Thales
        7.1.1 Thales Details
        7.1.2 Thales Major Business
        7.1.3 Thales Payment Tokenization Product and Services
        7.1.4 Thales Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023)
        7.1.5 Thales Recent Developments/Updates
        7.1.6 Thales Competitive Strengths & Weaknesses
    7.2 American Express
        7.2.1 American Express Details
        7.2.2 American Express Major Business
        7.2.3 American Express Payment Tokenization Product and Services
        7.2.4 American Express Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023)
        7.2.5 American Express Recent Developments/Updates
        7.2.6 American Express Competitive Strengths & Weaknesses
    7.3 Hewlett-Packard Enterprises
        7.3.1 Hewlett-Packard Enterprises Details
        7.3.2 Hewlett-Packard Enterprises Major Business
        7.3.3 Hewlett-Packard Enterprises Payment Tokenization Product and Services
        7.3.4 Hewlett-Packard Enterprises Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023)
        7.3.5 Hewlett-Packard Enterprises Recent Developments/Updates
        7.3.6 Hewlett-Packard Enterprises Competitive Strengths & Weaknesses
    7.4 Lookout (CipherCloud)
        7.4.1 Lookout (CipherCloud) Details
        7.4.2 Lookout (CipherCloud) Major Business
        7.4.3 Lookout (CipherCloud) Payment Tokenization Product and Services
        7.4.4 Lookout (CipherCloud) Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023)
        7.4.5 Lookout (CipherCloud) Recent Developments/Updates
        7.4.6 Lookout (CipherCloud) Competitive Strengths & Weaknesses
    7.5 Futurex
        7.5.1 Futurex Details
        7.5.2 Futurex Major Business
        7.5.3 Futurex Payment Tokenization Product and Services
        7.5.4 Futurex Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023)
        7.5.5 Futurex Recent Developments/Updates
        7.5.6 Futurex Competitive Strengths & Weaknesses
    7.6 Protegrity
        7.6.1 Protegrity Details
        7.6.2 Protegrity Major Business
        7.6.3 Protegrity Payment Tokenization Product and Services
        7.6.4 Protegrity Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023)
        7.6.5 Protegrity Recent Developments/Updates
        7.6.6 Protegrity Competitive Strengths & Weaknesses
    7.7 TokenEx
        7.7.1 TokenEx Details
        7.7.2 TokenEx Major Business
        7.7.3 TokenEx Payment Tokenization Product and Services
        7.7.4 TokenEx Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023)
        7.7.5 TokenEx Recent Developments/Updates
        7.7.6 TokenEx Competitive Strengths & Weaknesses
    7.8 Fiserv
        7.8.1 Fiserv Details
        7.8.2 Fiserv Major Business
        7.8.3 Fiserv Payment Tokenization Product and Services
        7.8.4 Fiserv Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023)
        7.8.5 Fiserv Recent Developments/Updates
        7.8.6 Fiserv Competitive Strengths & Weaknesses
    7.9 Global Payments
        7.9.1 Global Payments Details
        7.9.2 Global Payments Major Business
        7.9.3 Global Payments Payment Tokenization Product and Services
        7.9.4 Global Payments Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023)
        7.9.5 Global Payments Recent Developments/Updates
        7.9.6 Global Payments Competitive Strengths & Weaknesses
    7.10 Visa (CyberSource)
        7.10.1 Visa (CyberSource) Details
        7.10.2 Visa (CyberSource) Major Business
        7.10.3 Visa (CyberSource) Payment Tokenization Product and Services
        7.10.4 Visa (CyberSource) Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023)
        7.10.5 Visa (CyberSource) Recent Developments/Updates
        7.10.6 Visa (CyberSource) Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Payment Tokenization Industry Chain
    8.2 Payment Tokenization Upstream Analysis
    8.3 Payment Tokenization Midstream Analysis
    8.4 Payment Tokenization Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Payment Tokenization Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
    Table 2. World Payment Tokenization Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
    Table 3. World Payment Tokenization Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
    Table 4. World Payment Tokenization Revenue Market Share by Region (2018-2023), (by Headquarter Location)
    Table 5. World Payment Tokenization Revenue Market Share by Region (2024-2029), (by Headquarter Location)
    Table 6. Major Market Trends
    Table 7. World Payment Tokenization Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
    Table 8. World Payment Tokenization Consumption Value by Region (2018-2023) & (USD Million)
    Table 9. World Payment Tokenization Consumption Value Forecast by Region (2024-2029) & (USD Million)
    Table 10. World Payment Tokenization Revenue by Player (2018-2023) & (USD Million)
    Table 11. Revenue Market Share of Key Payment Tokenization Players in 2022
    Table 12. World Payment Tokenization Industry Rank of Major Player, Based on Revenue in 2022
    Table 13. Global Payment Tokenization Company Evaluation Quadrant
    Table 14. Head Office of Key Payment Tokenization Player
    Table 15. Payment Tokenization Market: Company Product Type Footprint
    Table 16. Payment Tokenization Market: Company Product Application Footprint
    Table 17. Payment Tokenization Mergers & Acquisitions Activity
    Table 18. United States VS China Payment Tokenization Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 19. United States VS China Payment Tokenization Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 20. United States Based Payment Tokenization Companies, Headquarters (States, Country)
    Table 21. United States Based Companies Payment Tokenization Revenue, (2018-2023) & (USD Million)
    Table 22. United States Based Companies Payment Tokenization Revenue Market Share (2018-2023)
    Table 23. China Based Payment Tokenization Companies, Headquarters (Province, Country)
    Table 24. China Based Companies Payment Tokenization Revenue, (2018-2023) & (USD Million)
    Table 25. China Based Companies Payment Tokenization Revenue Market Share (2018-2023)
    Table 26. Rest of World Based Payment Tokenization Companies, Headquarters (States, Country)
    Table 27. Rest of World Based Companies Payment Tokenization Revenue, (2018-2023) & (USD Million)
    Table 28. Rest of World Based Companies Payment Tokenization Revenue Market Share (2018-2023)
    Table 29. World Payment Tokenization Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Table 30. World Payment Tokenization Market Size by Type (2018-2023) & (USD Million)
    Table 31. World Payment Tokenization Market Size by Type (2024-2029) & (USD Million)
    Table 32. World Payment Tokenization Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Table 33. World Payment Tokenization Market Size by Application (2018-2023) & (USD Million)
    Table 34. World Payment Tokenization Market Size by Application (2024-2029) & (USD Million)
    Table 35. Thales Basic Information, Area Served and Competitors
    Table 36. Thales Major Business
    Table 37. Thales Payment Tokenization Product and Services
    Table 38. Thales Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 39. Thales Recent Developments/Updates
    Table 40. Thales Competitive Strengths & Weaknesses
    Table 41. American Express Basic Information, Area Served and Competitors
    Table 42. American Express Major Business
    Table 43. American Express Payment Tokenization Product and Services
    Table 44. American Express Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 45. American Express Recent Developments/Updates
    Table 46. American Express Competitive Strengths & Weaknesses
    Table 47. Hewlett-Packard Enterprises Basic Information, Area Served and Competitors
    Table 48. Hewlett-Packard Enterprises Major Business
    Table 49. Hewlett-Packard Enterprises Payment Tokenization Product and Services
    Table 50. Hewlett-Packard Enterprises Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 51. Hewlett-Packard Enterprises Recent Developments/Updates
    Table 52. Hewlett-Packard Enterprises Competitive Strengths & Weaknesses
    Table 53. Lookout (CipherCloud) Basic Information, Area Served and Competitors
    Table 54. Lookout (CipherCloud) Major Business
    Table 55. Lookout (CipherCloud) Payment Tokenization Product and Services
    Table 56. Lookout (CipherCloud) Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 57. Lookout (CipherCloud) Recent Developments/Updates
    Table 58. Lookout (CipherCloud) Competitive Strengths & Weaknesses
    Table 59. Futurex Basic Information, Area Served and Competitors
    Table 60. Futurex Major Business
    Table 61. Futurex Payment Tokenization Product and Services
    Table 62. Futurex Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 63. Futurex Recent Developments/Updates
    Table 64. Futurex Competitive Strengths & Weaknesses
    Table 65. Protegrity Basic Information, Area Served and Competitors
    Table 66. Protegrity Major Business
    Table 67. Protegrity Payment Tokenization Product and Services
    Table 68. Protegrity Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 69. Protegrity Recent Developments/Updates
    Table 70. Protegrity Competitive Strengths & Weaknesses
    Table 71. TokenEx Basic Information, Area Served and Competitors
    Table 72. TokenEx Major Business
    Table 73. TokenEx Payment Tokenization Product and Services
    Table 74. TokenEx Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 75. TokenEx Recent Developments/Updates
    Table 76. TokenEx Competitive Strengths & Weaknesses
    Table 77. Fiserv Basic Information, Area Served and Competitors
    Table 78. Fiserv Major Business
    Table 79. Fiserv Payment Tokenization Product and Services
    Table 80. Fiserv Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 81. Fiserv Recent Developments/Updates
    Table 82. Fiserv Competitive Strengths & Weaknesses
    Table 83. Global Payments Basic Information, Area Served and Competitors
    Table 84. Global Payments Major Business
    Table 85. Global Payments Payment Tokenization Product and Services
    Table 86. Global Payments Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 87. Global Payments Recent Developments/Updates
    Table 88. Visa (CyberSource) Basic Information, Area Served and Competitors
    Table 89. Visa (CyberSource) Major Business
    Table 90. Visa (CyberSource) Payment Tokenization Product and Services
    Table 91. Visa (CyberSource) Payment Tokenization Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 92. Global Key Players of Payment Tokenization Upstream (Raw Materials)
    Table 93. Payment Tokenization Typical Customers
List of Figure
    Figure 1. Payment Tokenization Picture
    Figure 2. World Payment Tokenization Total Market Size: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Payment Tokenization Total Market Size (2018-2029) & (USD Million)
    Figure 4. World Payment Tokenization Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
    Figure 5. World Payment Tokenization Revenue Market Share by Region (2018-2029), (by Headquarter Location)
    Figure 6. United States Based Company Payment Tokenization Revenue (2018-2029) & (USD Million)
    Figure 7. China Based Company Payment Tokenization Revenue (2018-2029) & (USD Million)
    Figure 8. Europe Based Company Payment Tokenization Revenue (2018-2029) & (USD Million)
    Figure 9. Japan Based Company Payment Tokenization Revenue (2018-2029) & (USD Million)
    Figure 10. South Korea Based Company Payment Tokenization Revenue (2018-2029) & (USD Million)
    Figure 11. ASEAN Based Company Payment Tokenization Revenue (2018-2029) & (USD Million)
    Figure 12. India Based Company Payment Tokenization Revenue (2018-2029) & (USD Million)
    Figure 13. Payment Tokenization Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Payment Tokenization Consumption Value (2018-2029) & (USD Million)
    Figure 16. World Payment Tokenization Consumption Value Market Share by Region (2018-2029)
    Figure 17. United States Payment Tokenization Consumption Value (2018-2029) & (USD Million)
    Figure 18. China Payment Tokenization Consumption Value (2018-2029) & (USD Million)
    Figure 19. Europe Payment Tokenization Consumption Value (2018-2029) & (USD Million)
    Figure 20. Japan Payment Tokenization Consumption Value (2018-2029) & (USD Million)
    Figure 21. South Korea Payment Tokenization Consumption Value (2018-2029) & (USD Million)
    Figure 22. ASEAN Payment Tokenization Consumption Value (2018-2029) & (USD Million)
    Figure 23. India Payment Tokenization Consumption Value (2018-2029) & (USD Million)
    Figure 24. Producer Shipments of Payment Tokenization by Player Revenue ($MM) and Market Share (%): 2022
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Payment Tokenization Markets in 2022
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Payment Tokenization Markets in 2022
    Figure 27. United States VS China: Payment Tokenization Revenue Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Payment Tokenization Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. World Payment Tokenization Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Figure 30. World Payment Tokenization Market Size Market Share by Type in 2022
    Figure 31. Service
    Figure 32. Software
    Figure 33. World Payment Tokenization Market Size Market Share by Type (2018-2029)
    Figure 34. World Payment Tokenization Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Figure 35. World Payment Tokenization Market Size Market Share by Application in 2022
    Figure 36. BFSI
    Figure 37. IT, Telecom and Media
    Figure 38. Healthcare and Pharma
    Figure 39. Government and Defense
    Figure 40. Others
    Figure 41. Payment Tokenization Industrial Chain
    Figure 42. Methodology
    Figure 43. Research Process and Data Source

Companies Mentioned

Thales
American Express
Hewlett-Packard Enterprises
Lookout (CipherCloud)
Futurex
Protegrity
TokenEx
Fiserv
Global Payments
Visa (CyberSource)