Press release
Rising Adoption of Tokenization Solutions in BFSI Sector Due to Increasing Cyber Theft Cases
In 2021, the tokenization industry generates $2,590.6 million revenue, and it is projected to capture $12,684.2 million revenue, rising at a rate of 19.3% from 2021 to 2030. It is ascribed to the growing financial frauds and rising requirements for secure payment gateways. It is required to meet security standards for preventing a data breach and enhancing the customer experience for industry proliferation in the near futureBFSI sector captures a significant share of the tokenization industry, and it is projected to capture $5.0 billion revenue by 2030, ascribed to increasing seamless digital payments with secured transactions.
Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/tokenization-market/report-sample
Moreover, BFSI safeguards the transaction in any commerce environment and is a major factor behind the rising adoption of tokenization solutions in banks. The new payment solutions, modes, and real-time payment schemes promote the adoption of digital payments; thus, tokenization does not limit to card payments. In addition, consumer protection schemes and various other regulations are projected to fuel the demand for tokenization solutions for digital transactions.
The cloud category is projected to witness substantial growth in the tokenization industry, growing at a rate of 20% from 2021 to 2030. It offers numerous benefits, as they don't require merchants to build a secure payment infrastructure that involves providing information such as credit card detail, usernames, passwords, and other details.
The cloud-based tokenization enables changing sensitive information with unique identification symbols, that secure sensitive information outside the internal system. Therefore, it minimizes the complexity of compliance and reduces merchants' risk of updating and protecting the sensitive information of the customers.
Cloud-based tokenization deploys PCI-compliant tokenization solutions for protecting and managing cardholders' details with more security offered by the tokenized payment card before entering the merchant's payment gateways. Therefore, this solution mitigates the expensive software and hardware requirement for on-premise operations and compliance with PCI DSS guidelines.
Moreover, the rising cloud technology demand is led by its scalability, ease of use, easy integration, and cost-effectiveness. Thus, SMEs and large-sized organizations are increasingly adopting cloud infrastructure, compare to conventional on-premise tokenization.
The on-premise tokenization is projected to capture a substantial share of the industry in the coming future. The deployment mode offers in-house sensitive data storage and provides the organization with massive control over the database.
North America holds a substantial share of the tokenization industry. The regional market is projected to capture an annual revenue of more than $6 billion in 2030, growing at a rate of 20% from 2021-2030. Several factors that affect the industry growth are rising payment regulatory compliances and increasing cases of data breaches in the region.
Browse full report at: https://www.psmarketresearch.com/market-analysis/tokenization-market
The rising cases of data theft and cyber fraud have resulted in the growing adoption of tokenization in small and medium-sized enterprises, and large-sized organizations for improving security and preventing future attacks.
The major companies operating in the tokenization industry are Fiserv Inc., Micro Focus LLC, THALES, American Express Company, Fidelity National Information Services Inc., Visa Inc., and American Express Company.
Therefore, rising cyber fraud with data theft results in the growing adoption of tokenization solutions in SMEs and large-sized organizations.
Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow Us: https://www.linkedin.com/company/pnsintelligence/
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Adoption of Tokenization Solutions in BFSI Sector Due to Increasing Cyber Theft Cases here
News-ID: 2753125 • Views: …
More Releases from P&S Intelligence

U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period.
According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven…

Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period.
This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.…

Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,…

Competitive Landscape of the Industrial Starches Market: Key Players, Trends, an …
According to the latest market research study published by P&S Intelligence, the global industrial starches market is poised for significant growth, with a projected increase from USD 110.3 billion in 2024 to USD 169.9 billion by 2030, at a robust compound annual growth rate (CAGR) of 7.5%. Industrial starches play a crucial role in diverse sectors, including food, pharmaceuticals, and paper, driven by their unique properties such as stabilizing, thickening,…
More Releases for BFSI
Evolving Market Trends In The Robotic Process Automation In BFSI Industry: Advan …
The Robotic Process Automation In BFSI Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Robotic Process Automation In BFSI Market Size During the Forecast Period?
In recent times, the market size for robotic process automation in bfsi has witnessed a significant surge.…
Evolving Market Trends In The Banking, Financial Services and Insurance (BFSI) S …
The Banking, Financial Services and Insurance (BFSI) Security Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Banking, Financial Services and Insurance (BFSI) Security Market Size During the Forecast Period?
The market size for security within the banking, financial services and insurance (BFSI)…
Key Trend Reshaping the AI in BFSI Market in 2025: Transforming The BFSI Sector …
What combination of drivers is leading to accelerated growth in the ai in bfsi market?
The anticipated surge in the AI in BFSI market may be traced back to the mounting use of AI in improving efficiency. Artificial intelligence (AI) comprises various technologies and algorithms that simulate human intelligence, including problem-solving, drawing insights from data, and making effective decisions. This growing usage of AI for enhancing efficiency could be attributed to…
Mumbai's BFSI Sector Gears Up for Transformation at the 24th Edition of BFSI IT …
Mumbai: The banking, financial services, and insurance (BFSI) sector in Mumbai is currently undergoing a profound transformation, fueled by rapid technological advancements and a significant increase in digital adoption. Emphasizing a strong commitment to digitalization, key stakeholders in Mumbai are championing initiatives akin to advancements in digital payments and the establishment of the Digital Banking Transformation Office. These efforts are propelling the BFSI landscape forward, fostering innovation and paving the…
Empowering BFSI Security: Safeguarding Futures Amid Evolving Threats, BFSI Secu …
Guarding the financial backbone against evolving cyber threats fuels the burgeoning, emergence of tailored solutions, biometrics, and IoT-based cybersecurity solutions significantly enhancing online banking Opportunities for the market.
The BFSI Security Market, valued at USD 61.6 billion in 2022, is poised to witness exponential growth, reaching USD 166.2 billion by 2030, reflecting a robust CAGR of 13.2%. This escalating trajectory is primarily attributed to the stringent regulatory environment governing the banking,…
IoT in BFSI Market : How the Business Will Grow in 2026? Top Players in IoT in B …
The global internet of things (IoT) in banking, financial services, and insurance (BFSI) market is predicted to reach USD 116.27 billion by 2026, exhibiting a CAGR of 26.5% during the forecast period. The increasing investment of banks and financial institutions in IoT technologies will stimulate the growth of the market in the foreseeable future. According to the studies conducted by Tata consultancy services, financial institutions spend an average IoT budget…