Tokenization Market by Component, Application Area (Application Area, Payment Security, and Compliance Management), Technique (Gateway-based and API-based), Entity Size, Deployment Mode, Vertical, and Region – 2022 to 2027


The tokenization market is expected to reach USD 3,231.90 million by 2024, growing at a CAGR of 21.9% during the forecast period. The factors that are expected to drive the tokenization market are the rising need to secure information from cardholders by adopting PCI DSS guidelines and the need to avoid payment fraud.