Asia Pacific Tokenization Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), Deployment (Cloud and On-premise), Enterprise Size (SMEs, and Large Enterprises), Industry Vertical (BFSI, Retail, IT & Telecom, Healthcare, Government, and Others), and Country
Market Introduction
Tokenization solutions are often used for credit card processing. The payment card industry (PCI) council defines tokenization as a process wherein the primary account number (PAN) is replaced with an alternate/surrogate value known as a token. The key factor attributed to the growth of the Asia-Pacific tokenization market is the growing data security concerns in all the data-sensitive organizations across the world. The tokenization market is anticipated to witness a noteworthy growth owing to a huge number of financial firms choosing for rising security in payment processing systems. Also, with rising incidences of credit card fraudulent activities, there is an increase in the demand for payment security.
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Market Overview and Dynamics
The Asia Pacific tokenization market was valued at US$ 244.7 million in 2019 and is projected to reach US$ 1,798.83 million by 2027; it is expected to grow at a CAGR of 28.7% from 2020 to 2027. Tokenization extensively moderates a retailer or organization’s scope of compliance with these regulations. For example, if an organization/retailer no longer stores its customers’ authentic PANs in its websites, POS terminals, as well as information systems, the number of systems required to be reported to be compliant with the GDPR and PCI DSS requirements are significantly reduced. Thus, to decrease the footprint of sensitive data within an organization, retailers are implementing tokenization solution, which is likely to drive the growth of tokenization market.
Key Market Segments
In terms of component, the solution segment accounted for a larger share of the Asia Pacific tokenization market in 2019. Based on deployment, the cloud segment held a larger market share in 2019. In terms of enterprise size, the large enterprise segment held a larger share of the market in 2019. In terms of industry vertical, the BFSI segment accounted for the highest market share in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the tokenization market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Broadcom, Inc.; CipherCloud, Inc.; Fiserv, Inc.; and Micro Focus International plc; are among the major companies listed in the report.
Reasons to buy report
- It provides understanding of the Asia Pacific tokenization market landscape and identifies market segments that are most likely to guarantee a strong return.
- It guides stay ahead of the race by comprehending the ever-changing competitive landscape for the Asia Pacific tokenization market.
- It helps efficiently plan merger and acquisition, and partnership deals in the tokenization market by identifying market segments with the most promising probable sales
- It facilitates knowledgeable business decision-making through perceptive and comprehensive analysis of market performance of various segments pertaining to the Asia Pacific tokenization market.
- It provides market revenue forecast of the market based on various segments for the period from 2020 to 2027.
ASIA PACIFIC TOKENIZATION MARKET SEGMENTATION
Asia Pacific Tokenization Market, by Component
- Solution
- Services
Asia Pacific Tokenization Market, by Deployment
- Cloud
- On-Premise
Asia Pacific Tokenization Market, by Enterprise Size
- SMEs
- Large Enterprise
Asia-Pacific Tokenization Market, by Industry Vertical
- BFSI
- Retail
- IT & Telecom
- Healthcare
- Government
- Others
Asia Pacific Tokenization Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia Pacific Tokenization Market-Companies Mentioned
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Tokenization Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Tokenization Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Compliance with PCI-DSS Guidelines as Well as GDPR
5.1.2 The Rising Need for Secure Payment Gateways
5.2 Market Restraints
5.2.1 Cost Related with Tokenization
5.3 Market Opportunities
5.3.1 Rising Trend Toward Contactless Payment Solutions
5.4 Future Trends
5.4.1 Rising Implementation for Cloud-Based Tokenization Solutions Amongst SMEs
5.1 Impact Analysis of Drivers and Restraints
6. Tokenization – Asia-Pacific Market Analysis
6.1 Tokenization: Asia-Pacific Overview
6.2 Tokenization Market – Revenue and Forecast to 2027 (USD Million)
7. Tokenization Market Analysis – By Application
7.1.1 Overview
7.2 Payment Security
7.2.1 Overview
7.3 User Authentication
7.3.1 Overview
7.4 Compliance Management
7.4.1 Overview
8. Tokenization Market Analysis – By Component
8.1.1 Overview
8.1.2 Tokenization Market Breakdown, by Component, 2019 & 2027
8.2 Solution
8.2.1 Overview
8.2.2 Solution: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
8.3 Services
8.3.1 Overview
8.3.2 Services: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
9. Tokenization Market Analysis – By Deployment
9.1 Overview
9.2 Tokenization Market Breakdown, by Deployment, 2019 & 2027
9.3 Cloud
9.3.1 Overview
9.3.2 Cloud: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
9.4 On-premise
9.4.1 Overview
9.4.2 On-premise: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
10. Tokenization Market Analysis – By Enterprise Size
10.1 Overview
10.2 Tokenization Market Breakdown, by Enterprise Size, 2019 & 2027
10.3 SMEs
10.3.1 Overview
10.3.2 SMEs: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Large enterprises
10.4.1 Overview
10.4.2 Large enterprises: Tokenization Market – Revenue and Forecast to 2027 (US$ Million).
11. Tokenization Market Analysis – By Industry Vertical
11.1 Overview
11.2 Tokenization Market Breakdown, by Industry Vertical, 2019 & 2027
11.3 BFSI
11.3.1 Overview
11.3.2 BFSI: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
11.4 Retail
11.4.1 Overview
11.4.2 Retail: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
11.5 Healthcare
11.5.1 Overview
11.5.2 Healthcare: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
11.6 IT & Telecom
11.6.1 Overview
11.6.2 IT & Telecom: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
11.7 Government
11.7.1 Overview
11.7.2 Government: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
11.8 Others
11.8.1 Overview
11.8.2 Others: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
12. Tokenization Market – Country Analysis
12.1.1 APAC: Tokenization Market, by Key Country
12.1.1.1 China: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.1.1 China: Tokenization Market, by Component
12.1.1.1.2 China: Tokenization Market, by Deployment
12.1.1.1.3 China: Tokenization Market, by Enterprise Size
12.1.1.1.4 China: Tokenization Market, by Industry Vertical
12.1.1.2 India: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.2.1 India: Tokenization Market, by Component
12.1.1.2.2 India: Tokenization Market, by Deployment
12.1.1.2.3 India: Tokenization Market, by Enterprise Size
12.1.1.2.4 India: Tokenization Market, by Industry Vertical
12.1.1.3 Japan: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.3.1 Japan: Tokenization Market, by Component
12.1.1.3.2 Japan: Tokenization Market, by Deployment
12.1.1.3.3 Japan: Tokenization Market, by Enterprise Size
12.1.1.3.4 Japan: Tokenization Market, by Industry Vertical
12.1.1.4 South Korea: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.4.1 South Korea: Tokenization Market, by Component
12.1.1.4.2 South Korea: Tokenization Market, by Deployment
12.1.1.4.3 South Korea: Tokenization Market, by Enterprise Size
12.1.1.4.4 South Korea: Tokenization Market, by Industry Vertical
12.1.1.5 Australia: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.5.1 Australia: Tokenization Market, by Component
12.1.1.5.2 Australia: Tokenization Market, by Deployment
12.1.1.5.3 Australia: Tokenization Market, by Enterprise Size
12.1.1.5.4 Australia: Tokenization Market, by Industry Vertical
12.1.1.6 Rest of APAC: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.6.1 Rest of APAC: Tokenization Market, by Component
12.1.1.6.2 Rest of APAC: Tokenization Market, by Deployment
12.1.1.6.3 Rest of APAC: Tokenization Market, by Enterprise Size
12.1.1.6.4 Rest of APAC: Tokenization Market, by Industry Vertical
13. Impact of COVID-19 Pandemic on Asia-Pacific Tokenization Market
13.1 Overview
13.1.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
14. Industry Landscape
14.1 Market Initiatives
14.2 New Product Development
14.3 Mergers and Acquisition
15. Company Profiles
15.1 Broadcom, Inc.
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 CipherCloud, Inc.
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Fiserv, Inc.
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Micro Focus International plc
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 OpenText Corporation
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Sequent Software Inc.
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Thales Group
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Visa, Inc.
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Word Index
LIST OF TABLES
Table 1. Tokenization Market – Revenue, and Forecast to 2027 (USD Million)
Table 2. APAC Tokenization Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 3. China: Tokenization Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 4. China: Tokenization Market, by Deployment –Revenue and Forecast to 2027 (US$ Million)
Table 5. China: Tokenization Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 6. China: Tokenization Market, by Industry Vertical –Revenue and Forecast to 2027 (US$ Million)
Table 7. India: Tokenization Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 8. India: Tokenization Market, by Deployment –Revenue and Forecast to 2027 (US$ Million)
Table 9. India: Tokenization Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 10. India: Tokenization Market, by Industry Vertical –Revenue and Forecast to 2027 (US$ Million)
Table 11. Japan: Tokenization Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 12. Japan: Tokenization Market, by Deployment –Revenue and Forecast to 2027 (US$ Million)
Table 13. Japan: Tokenization Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 14. Japan: Tokenization Market, by Industry Vertical –Revenue and Forecast to 2027 (US$ Million)
Table 15. South Korea: Tokenization Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 16. South Korea: Tokenization Market, by Deployment –Revenue and Forecast to 2027 (US$ Million)
Table 17. South Korea: Tokenization Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 18. South Korea: Tokenization Market, by Industry Vertical –Revenue and Forecast to 2027 (US$ Million)
Table 19. Australia: Tokenization Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 20. Australia: Tokenization Market, by Deployment –Revenue and Forecast to 2027 (US$ Million)
Table 21. Australia: Tokenization Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 22. Australia: Tokenization Market, by Industry Vertical –Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of APAC: Tokenization Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 24. Rest of APAC: Tokenization Market, by Deployment –Revenue and Forecast to 2027 (US$ Million)
Table 25. Rest of APAC: Tokenization Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 26. Rest of APAC: Tokenization Market, by Industry Vertical –Revenue and Forecast to 2027 (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. Tokenization Market Segmentation
Figure 2. Tokenization Market Segmentation – By Country
Figure 3. Asia-Pacific Tokenization Market Overview
Figure 4. Asia-Pacific Tokenization Market –Component
Figure 5. Asia-Pacific Tokenization Market – Deployment
Figure 6. Asia Pacific – PEST Analysis
Figure 7. Tokenization Market – Ecosystem Analysis
Figure 8. Tokenization Market Impact Analysis of Drivers and Restraints
Figure 9. Asia-Pacific : Tokenization Market – Revenue and Forecast to 2027 (USD Million)
Figure 10. Tokenization Market Breakdown, by Component (2019 and 2027)
Figure 11. Solution: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 12. Services: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 13. Tokenization Market Breakdown, by Deployment (2019 and 2027)
Figure 14. Cloud: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 15. On-premise: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 16. Tokenization Market Breakdown, by Enterprise Size (2019 and 2027)
Figure 17. SMEs: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 18. Large enterprises: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 19. Tokenization Market Breakdown, by Industry Vertical (2019 and 2027)
Figure 20. BFSI: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 21. Retail: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 22. Healthcare: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 23. IT & Telecom: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 24. Government: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 25. Others: Tokenization Market – Revenue and Forecast to 2027(US$ Million)
Figure 26. APAC: Tokenization Market Revenue Share, By Key Country (2019 and 2027)
Figure 27. China: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. India: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Japan: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. South Korea: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Australia: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Rest of APAC: Tokenization Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Broadcom, Inc.
- CipherCloud, Inc.
- Fiserv, Inc.
- Micro Focus International plc
- OpenText Corporation
- Sequent Software Inc.
- Thales Group
- Visa, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific Tokenization market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.