'Network Tokenised Transactions to Reach 574 Billion Globally in 2029'
KEY STATISTICS
Total network tokenisation revenue in 2025:
$4.1bn
Total network tokenisation revenue in 2029:
$8.9bn
2025 to 2029 market growth:
117.3%
Forecast period:
2024-2029
Overview
Our "Network Tokenisation" research suite provides a comprehensive and in-depth analysis of the ecosystem surrounding network tokenisation, enabling stakeholders such as merchants, payment gateways, token service providers and token requestors to understand future growth, key trends and the competitive environment. The report includes an assessment of the benefits of network tokenisation, the impact of Click to Pay on the eCommerce sector, and the regions which are leading network tokenisation.
The suite includes several different options that can be purchased separately, including access to data mapping the future growth of network tokenisation, an insightful study uncovering the latest trends and opportunities within the financial markets, and a document containing extensive analysis of the 12 market leaders facilitating network tokenisation. The coverage can also be purchased as a Full Research Suite, containing all these elements, at a substantial discount.
This report serves as an essential resource for understanding the rapidly evolving network tokenisation market, empowering stakeholders to shape effective future strategies. With its comprehensive insights and extensive coverage, this research suite is an invaluable tool for navigating and planning in a fast-growing landscape.
Key Features
Market Dynamics: Insights into key trends and market expansion challenges within the network tokenisation market, including drivers and barriers for network tokenisation adoption. The report addresses the impact that network tokenisation can have on the checkout experience; the role that network tokenisation plays in facilitating IoT payments; and the differential impact that network tokens can have on industry segments such as subscription businesses. The research also features a Country Readiness Index on the current development and segment growth of the network tokenisation market across eight key regions, as well as providing a future outlook.
Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the network tokenisation market, accompanied by strategic recommendations for stakeholders.
Benchmark Industry Forecasts: The network tokenisation dataset includes forecasts for total value of the network tokenisation market, including the total revenue to be gained through provisioning and managing network tokens, and the transaction volume of various market segments.
Juniper Research Competitor Leaderboard: Key market player capability and capacity assessment for 12 network tokenisation vendors, via the Juniper Research Competitor Leaderboard; featuring market size for major players in the network token platform market.
SAMPLE VIEW
Market Data & Forecasting Report
The numbers tell you what's happening, but our written report details why, alongside the methodologies.
Market Trends & Strategies Report
A comprehensive analysis of the current market landscape, alongside strategic recommendations.
Market Data & Forecasting Report
The market-leading research suite for the "Network Tokenisation" market includes access to the full set of forecast data of 43 tables and 15,480 datapoints. Metrics in the research suite include:
Total Transaction Volume, Tokens, and Revenue Received from the Network Token Market
Total Transaction Volume and Revenue of the Network Tokenisation Market, Split by the Following Market Segments:
NFC Mobile Payments
Remote Mobile Payments
Remote PC and Desktop Payments
IoT Payments
Juniper Research's Interactive Forecast Excel contains the following functionality:
Statistics Analysis: Users benefit from the ability to search for specific metrics, displayed for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
Country Data Tool: This tool lets users look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
Country Comparison Tool: Users can select and compare specific countries. The ability to export graphs is included in this tool.
What-if Analysis: Here, users can compare forecast metrics against their own assumptions, via five interactive scenarios.
Market Trends & Strategies Report
This report examines the "Network Tokenisation" market landscape in depth; assessing trends and factors shaping the evolution of this rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for payment processors and network tokenisation platforms; addressing key verticals such as eCommerce, in-store, and IoT use of network tokens. This report also includes evaluation of key country-level opportunities for stakeholders in the network tokenisation market.
Competitor Leaderboard Report
The Competitor Leaderboard report provides a detailed evaluation and market positioning for 12 leading vendors in the "Network Tokenisation" space. The vendors are positioned as established leaders, leading challengers, or disruptors and challengers, based on capacity and capability assessments:
Adyen
Carta Worldwide
Fiserv
G+D
IDEMIA
IXOPAY
Pagos
PayPal Braintree
Spreedly
Thales
VGS
Worldpay
This document is centred around the Juniper Research Competitor Leaderboard; a vendor positioning tool that provides an at-a-glance view of the competitive landscape in a market, backed by a robust methodology.
Table of Contents
Market Trends & Strategies
1. Key Takeaways & Strategic Recommendations
1.1. Key Takeaways
1.2. Strategic Recommendations
2. Market Landscape
2.1. Introduction
2.1.1. A Timeline of Network Tokenisation
2.2. Process of Network Tokenisation: Key Actors
Figure 2.1: The Process of Network Token Provisioning and Use
2.3. PCI Tokenisation vs Network Tokenisation
Figure 2.2: Comparison of PCI Tokens and Merchant Tokens
2.4. Network Tokens in a Subscription Economy
2.5. Single-use Tokens
2.6. Addressing Fraud
Figure 2.3: Total Value of Fraudulent Digital Good Transactions ($m), Split across 8 Key Regions, 2024-2029
2.7. Barriers to Adoption
2.8. Regulatory Effects
i. Payment Services Directive (PSD)2/PSD3
2.8. Benefits of Network Tokenisation
3. Segment Analysis
3.1. Introduction
3.2. eCommerce
Figure 3.1: Total eCommerce Transaction Value ($m), Split by 8 Key Regions, 2024-2029
Figure 3.2: Mastercard Click to Pay
Figure 3.3: Click to Pay Implementation Ecosystem
3.2.2. Mobile Payments
Figure 3.4: Total Number of Remote Mobile Transactions (m), 2024-2029, Split by 8 Key Regions
3.2.3. NFC Mobile Transactions
Figure 3.5: NFC Retail Transaction Volume, 2024-2029, Split by 8 Key Regions
3.3. IoT Tokenisation
4. Country Readiness Index
4.1. Introduction to Country Readiness Index
Figure 4.1: Network Tokenisation Country Readiness Index: Regional Definitions
Table 4.2: Juniper Research Country Readiness Scoring Index: Network Tokenisation
Figure 4.3: Juniper Research Country Readiness Index: Network Tokenisation
Table 4.4: Network Tokenisation Country Readiness Index: Market Segments
4.2. Focus Market
Figure 4.5: Total Number of Network Tokenised Transactions (m), Split by Top Countries, 2024-2029
i. Emerging Markets with Rapid Digital Payment Adoption
ii. Developed Economies with Strong eCommerce Markets
4.2.2. Investment in Fraud Detection and Prevention
i. India
4.3. Growth Market
Figure 4.6: Total Network Tokenisation Revenue ($m) for Notable Growth Markets, 2024-2029
i.Growth in Card Penetration
4.4. Saturated Market
Figure 4.7: Network Tokenisation Revenue ($m) from Nine Notable Saturated Markets, 2024-2029
i. High Card Penetration
ii. Opportunities: IoT
4.5. Developing Markets
i. Cash Reliance
Figure 4.8: Total Network Tokenisation Revenue ($m) for Notable Developing Markets, 2024-2029
ii. Leapfrogging of Cards
Table 4.9: Juniper Research's Country Readiness Index Heatmap: North America
Table 4.10: Juniper Research's Country Readiness Index Heatmap: Latin America
Table 4.11: Juniper Research's Country Readiness Index Heatmap: West Europe
Table 4.12: Juniper Research's Country Readiness Index Heatmap: Central & Eastern Europe
Table 4.13: Juniper Research's Country Readiness Index Heatmap: Far East & China
Table 4.14: Juniper Research's Country Readiness Index Heatmap: Indian Subcontinent
Figure 4.15: Juniper Research's Country Readiness Index Heatmap: Rest of Asia Pacific
Table 4.16: Juniper Research's Country Readiness Index Heatmap: Africa & Middle East
Competitor Leaderboard
1. Competitor Leaderboard
1.1. Why Read This Report
Figure 1.1: Juniper Research Competitor Leaderboard Vendors: Network Tokenisation
Figure 1.2: Juniper Research Competitor Leaderboard: Network Tokenisation
Figure 1.3: Juniper Research Competitor Leaderboard: Network Tokenisation Vendor Ranking
Table 1.4: Juniper Research Competitor Leaderboard Network Tokenisation - Heatmap
2. Company Profiles
2.1. Network Tokenisation Vendor Profiles
2.1.1. Adyen
i. Corporate
Table 2.1: Adyen's Revenue and Growth, ( Euro billion), 2021-2023
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research's View: Key Strengths & Strategic Opportunities
2.1.2. Carta Worldwide
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
Figure 2.2: Carta Worldwide Fintech Customers
iv. High-level View of Offerings
v. Juniper Research's View: Key Strengths & Strategic Opportunities
2.1.3. Fiserv
i. Corporate
Figure 2.3: Fiserv's Financial Information Snapshot ($b)
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.4: Fiserv's Role in Tokenisation
v. Juniper Research's View: Key Strengths & Strategic Opportunities
2.1.4. G+D
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.5: Visualisation of G+D Convego Service Broker
v. Juniper Research's View: Key Strengths & Strategic Opportunities
2.1.5. IDEMIA Secure Transactions
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research's View: Key Strengths & Strategic Opportunities
2.1.6. IXOPAY
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.6: How IXOPAY's platform works
v. Juniper Research's View: Key Strengths & Strategic Opportunities
v. Juniper Research's View: Key Strengths & Strategic Opportunities
2.1.11. VGS
i. Corporate
Founded in 2015 as Very Good Security, VGS is a cloud-based tokenisation platform built to facilitate payments across channels and comply with PCI standards. As part of the VGS mission to protect the world's sensitive data, VGS provides large banks, aspiring fintechs, and growing merchants with a universal token vault. VGS provides solutions for Fortune 500 companies and as a result has 4 billion tokens held globally, 30 million annual interactions, and stores 70% all US cards.
ii. Geographic Spread
iii. Key Clients & Strategic Opportunities
iv. High-level View of Offerings
v. Juniper Research's View: Key Strengths & Strategic Opportunities
2.1.12. Worldpay
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research's View: Key Strengths & Strategic Opportunities
2.2. Juniper Research Leaderboard Assessment Methodology
2.2.1. Limitations & Interpretations
Table 2.10: Juniper Research Leaderboard Assessment Criteria: Network Tokenisation