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[ 英語タイトル ] Tokenization Market by Solution, Service, Application Area (Payment Security, User Authentication, Compliance Management), Deployment Mode (Cloud, On-Premises), Organization Size (SMEs, Large Enterprises), Vertical, and Region - Global Forecast to 2022


Product Code : MNMICT00108269
Survey : MarketsandMarkets
Publish On : February, 2021
Category : ICT and Telecom
Study Area : Global
Report format : PDF
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[Report Description]

The growing concern over increased credit and debit card frauds is driving the tokenization market
The tokenization market size is expected to grow from USD 823.0 million in 2017 to USD 2,258.6 million by 2022, at a Compound Annual Growth Rate (CAGR) of 22.4%. Payment security and compliance management are among the application areas contributing to the growth of the tokenization market.
Payment security application area is expected to have the largest market size in the tokenization market
The payment security application area is projected to contribute the largest market share during the forecast period. Due to increased complexities in the payment transactions across the globe and the challenges of managing the sensitive information of users, payment security has become a major point of concern for organizations.
Cloud deployment is expected to have the largest market size in the tokenization market
Cloud deployment is the fastest-growing deployment mode in the tokenization market and is expected to hold the larger market size from 2017 to 2022. SMEs, in particular, have implemented cloud deployment as it enables them to focus on their core competencies, rather than investing their capital on payment infrastructure. Organizations can avoid costs related to hardware, software, storage, and technical staff by using cloud-based solutions. Security of the consumer's sensitive data is the biggest priority as it is the primary target of the attackers. The cloud-based platform offers a unified way in the form of SaaS-based tokenization services to secure the payment data and help organizations comply with PCI DSS and HIPAA, which is beneficial for organizations that have strict budgets for security investments.
North America is expected to have the largest market size in the tokenization market
Due to the presence of a large number of tokenization vendors, North America is expected to have the largest market size in the tokenization market; whereas, Asia-Pacific (APAC) is expected to be the fastest-growing region during the forecast period. Factors, such as increasing Internet usage, compliance regulation, and increased need for payment security in growing eCommerce are major factors for the adoption of tokenization solutions. Furthermore, the market in developing regions, such as the Middle East and Africa (MEA) and Latin America is expected to grow due to the increasing usage of mobility, cloud computing, expanding retail and banking sector, and government regulatory compliances.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profile of primary participants is as follows:
• By Company: Tier 1 – 38 %, Tier 2 – 42%, and Tier 3 – 20%
• By Designation: C level – 55% and Director level – 45%
• By Region: North America – 52%, Europe – 26%, APAC – 16%, and RoW – 6%
The various key tokenization vendors profiled in the report are Hewlett-Packard Enterprises (US), Symantec Corporation (US), Gemalto NV (the Netherlands), Fiserv, Inc. (US), First Data Corporation (US), CardConnect Corp. (US), Thales e-Security (US), 3Delta Systems (US), CipherCloud (US), CyberSource (US), Liaison Technologies (US), Protegrity USA, Inc. (US), Futurex (US), Paymetric, Inc. (US), and TokenEx LLC (US).

Research Coverage
The research covers the tokenization market on the basis of different segments such as solutions, services, application areas, deployment modes, organization sizes, and verticals in the geographies of North America, Europe, APAC, MEA, and Latin America. Aditionally, it includes the factors that are driving the tokenization market along with the growth opportunities in this market. It also includes the restraining factors and challenges in the growth of tokenization market. Moreover, the report includes the detailed company profiles of the key players offering tokenization solution and services.
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the tokenization market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report helps stakeholders to understand the competitors better and gain more insights to improve their positions in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.4 YEARS CONSIDERED FOR THE STUDY 18
1.5 CURRENCY 18
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Breakdown of Primaries 21
2.1.2.2 Key industry insights 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 24
2.3 RESEARCH ASSUMPTIONS AND LIMITATIONS 25
2.3.1 LIMITATIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE TOKENIZATION MARKET 29
4.2 TOKENIZATION MARKET, BY COMPONENT, 2017–2022 29
4.3 TOKENIZATION MARKET, BY SERVICE, 2017–2022 30
4.4 TOKENIZATION MARKET, BY PROFESSIONAL SERVICE, 2017–2022 30
4.5 TOKENIZATION MARKET, BY APPLICATION AREA, 2017–2022 31
4.6 TOKENIZATION MARKET, BY DEPLOYMENT TYPE, 2017–2022 31
4.7 TOKENIZATION MARKET, BY ORGANIZATION SIZE, 2017–2022 32
4.8 TOKENIZATION MARKET, BY VERTICAL, 2017–2022 32
4.9 LIFECYCLE ANALYSIS, BY REGION 33
5 MARKET OVERVIEW AND INDUSTRY TRENDS 34
5.1 REGULATORY IMPLICATIONS 34
5.1.1 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD 34
5.1.2 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT/HITECH COMPLIANCE 34

5.1.3 FEDERAL INFORMATION SECURITY MANAGEMENT ACT 34
5.1.4 GRAMM-LEACH-BLILEY ACT 35
5.1.5 SARBANES-OXLEY ACT 35
5.2 INNOVATION SPOTLIGHT 35
5.3 MARKET DYNAMICS 36
5.3.1 DRIVERS 37
5.3.1.1 Rise in credit/debit card fraudulent activities 37
5.3.1.2 Rise in the need for payment security for digital eCommerce 38
5.3.1.3 Increasing need for PCI-DSS compliance to regulate and secure the cardholder’s data 38
5.3.2 RESTRAINTS 38
5.3.2.1 Addressing the vulnerabilities from EMV standards 38
5.3.2.2 Lack of knowledge about security tokens among end-users 39
5.3.3 OPPORTUNITIES 39
5.3.3.1 The emergence of tokenization-as-a-service model 39
5.3.3.2 Rise in the adoption of contactless payments 39
5.3.4 CHALLENGES 40
5.3.4.1 Budget constraints to implement new tokenization technology infrastructure 40
5.3.4.2 Traditional IT security mindset and cybersecurity skills 41
6 TOKENIZATION MARKET ANALYSIS, BY COMPONENT 42
6.1 INTRODUCTION 43
6.2 SOLUTION 44
6.3 SERVICES 45
6.3.1 PROFESSIONAL SERVICES 46
6.3.2 CONSULTING 47
6.3.3 INTEGRATION 47
6.3.4 TRAINING AND EDUCATION 48
6.3.5 SUPPORT AND MAINTENANCE 49
6.3.6 MANAGED SERVICES 49
7 TOKENIZATION MARKET ANALYSIS, BY APPLICATION AREA 51
7.1 INTRODUCTION 52
7.2 PAYMENT SECURITY 53
7.3 USER AUTHENTICATION 54
7.4 COMPLIANCE MANAGEMENT 55
8 TOKENIZATION MARKET ANALYSIS, BY DEPLOYMENT TYPE 56
8.1 INTRODUCTION 57
8.2 CLOUD 58
8.3 ON-PREMISES 59
9 TOKENIZATION MARKET ANALYSIS, BY ORGANIZATION SIZE 60
9.1 INTRODUCTION 61
9.2 SMALL AND MEDIUM-SIZED ENTERPRISES 62
9.3 LARGE ENTERPRISES 63
10 TOKENIZATION MARKET ANALYSIS, BY VERTICAL 64
10.1 INTRODUCTION 65
10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 66
10.3 GOVERNMENT 67
10.4 RETAIL 68
10.5 HEALTHCARE 69
10.6 IT AND TELECOM 70
10.7 ENERGY AND UTILITIES 70
10.8 AUTOMOTIVE 71
10.9 EDUCATION 72
10.10 OTHERS 73
11 GEOGRAPHIC ANALYSIS 74
11.1 INTRODUCTION 75
11.2 NORTH AMERICA 77
11.3 EUROPE 80
11.4 ASIA PACIFIC 84
11.5 MIDDLE EAST AND AFRICA 87
11.6 LATIN AMERICA 90
12 COMPETITIVE LANDSCAPE 94
12.1 INTRODUCTION 94
12.1.1 VANGUARDS 94
12.1.2 INNOVATORS 94
12.1.3 DYNAMIC 94
12.1.4 EMERGING 94
12.2 COMPETITIVE BENCHMARKING 96
12.2.1 ANALYSIS OF PRODUCT PORTFOLIO OF MAJOR PLAYERS IN THE TOKENIZATION MARKET 96
12.2.2 BUSINESS STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE TOKENIZATION MARKET 97

13 COMPANY PROFILES 98
(Business Overview, Product Offerings & Business Strategies, Recent Developments)*
13.1 HEWLETT PACKARD ENTERPRISE 98
13.2 SYMANTEC CORPORATION 101
13.3 GEMALTO NV 104
13.4 FISERV, INC. 108
13.5 FIRST DATA CORPORATION 111
13.6 CARDCONNECT CORP. 115
13.7 THALES E-SECURITY, INC. 118
13.8 3DELTA SYSTEMS, INC. 121
13.9 CIPHERCLOUD 124
13.10 CYBERSOURCE 127
13.11 LIAISON TECHNOLOGIES, INC. 129
13.12 PROTEGRITY USA, INC. 132
13.13 FUTUREX 135
13.14 PAYMETRIC, INC. 137
13.15 TOKENEX, LLC 140
*Details on Business Overview, Product Offerings & Business Strategies, Recent Developments might not be captured in case of unlisted companies.
14 KEY INNOVATORS 142
14.1 INGENICO EPAYMENTS 142
14.1.1 OVERVIEW 142
14.1.2 RECENT DEVELOPMENTS 143
14.2 MERCHANT LINK 145
14.2.1 OVERVIEW 145
15 APPENDIX 146
15.1 DISCUSSION GUIDE 146
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 149
15.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 151
15.4 AVAILABLE CUSTOMIZATIONS 152
15.5 RELATED REPORTS 152
15.6 AUTHOR DETAILS 153

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