3D Secure Pay Authentication Market to Record CAGR of

Pune, India, Jan. 28, 2022 (GLOBE NEWSWIRE) — The global 3D Secure Payment Authentication market size was $601.3 million in 2020. The market is expected to grow from $667.1 million in 2021 for $1,539.0 million in 2028 at a CAGR of 12.7% over the period 2021-2028.

This information is provided by Fortune Business Insightsin its report, entitled, “3D Secure Pay Authentication Market, 2021-2028.”

According to research conducted by our expert analysts, the number of online payment scams in the e-commerce industry is increasing alongside the surge in online sales. Additionally, in order to help e-commerce businesses and merchants harden their assets against online scams, key players are unveiling 3-D Secure (3DS) online payment solutions.

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Impacts of COVID-19:

The growth in the amount of payment scams amid COVID-19 has resulted in Sudden market advance

The COVID-19 pandemic has disrupted every factor of the 3D Secure Payment Authentication industry and led to numerous consumer scam registrations. Additionally, according to the Federal Trade Commission (FTC), customers in the United States lost $246.0 million in 2020 due to online shopping scams. In order to mitigate these deceptions, all online payment service companies operating in Europe have been forced to integrate 3DS2 into their registers by the end of 2020.

To learn more about the short-term and long-term impact of COVID-19 on this market,

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Report cover:

We have conducted exclusive research that contains information based on the famous bottom-up and top-down approach. Our analysts have conducted precise fundamental research as well as secondary research to validate the approximate size of the Secure 3D Paid Authentication market. The data applied to represent the shares of several segments at the national, national and international levels are drawn from wide-ranging interviews with many professionals. Our analysts also pulled information from sponsored catalogs, industry newsletters, SEC filings, and several similar modes.

Segmentation:

Based on type, the market is categorized into Access Control Server, Merchant Plugin, and Others. Merchant Plugin (MPI) captures maximum market share.

Based on the application, the market is divided into merchants, payment processors and banks.

Geographically, the market is divided into five major regions such as North America, South America, Europe, Middle East & Africa, and Asia-Pacific.

REPORT SCOPE AND SEGMENTATION:

Report cover Details
Forecast period 2021 -2028
Forecast Period 2021 -2028 CAGR 12.7%
2028 value projection 1,539.0 million
Year of reference 2020
Market size in 2021 667.1 million
Historical data for 2017-2019
Number of pages 150
Segments Covered Type; Application; and Geography
Growth engines Growing adoption of secure payment platforms in the hospitality industry is driving the growth of the market
Rise in payment fraud during the spread of COVID-19 has led to exponential market growth
Pitfalls and Challenges Lack of global standards and cross-border payments to hinder growth

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Drivers and Restrictions:

Increase in deceptive events online to increase use of secure payment service

With the emerging payment courses, the increased use of e-commerce, the refined admission of broadband and the introduction of new technologies, the cashless payment system is developing at a sudden pace. Over the past few years, digital channels have transformed every feature of businesses, ranging from alternative transportation, social media and dating uses to food delivery, as well as vacation rentals.

The application of mobile usage has grown further this year due to nationwide shutdowns, with people buying everything from groceries to automobiles through online platforms. This is expected to support the growth of the 3D Secure Pay authentication market.

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Regional outlook:

North America will hold the largest market due to the expansion of the e-commerce sector

North America holds maximum 3D Secure Pay authentication market share and is expected to continue its dominance in the coming years. The United States is the largest e-commerce market in the world and is also expected to hold great prospects in the imminent future.

Europe is estimated to witness the highest CAGR during the forecast period. Currently, the UK is the only European country to offer an Address Verification Service (AVS) as well as 3D Secure Payment Authentication.

Germany is considered one of the most diversified markets in terms of means of payment.

Competitive Landscape:

Strategic planning employed by companies poised to boost their market value

All the key players present in the 3D Secure Pay authentication industry have implemented a new strategy of integrating raw material manufacturing and self-delivery service. This allows companies to gain a strategic advantage in terms of budget efficiency, penalizing them to increase their revenue share. Companies recurrently move towards R&D activities in order to create new technologies to preserve their competitive environment and meet the changing needs of end users.

Industry developments:

September 2020: Visa Canada announced the expansion of Click to Pay into the Canadian market to enable customers to transact securely and quickly through a range of stores and platforms. Click to Pay is an EMV secure remote commerce solution that provides its users with secure and effortless payment services.

List of key players mentioned in the report:

  • Visa Inc. (California, USA)
  • Mastercard Incorporated (New York, USA)
  • American Express (New York, USA)
  • Broadcom Inc. (California, USA)
  • Modirum (Tallinn, Estonia)
  • SIA SpA (Milan, Italy)
  • Fiserv, Inc. (Wisconsin, USA)
  • Cardknox Development, Inc. (New Jersey, USA)
  • Marqueta, Inc. (California, USA)
  • ENTERSEKT (Stellenbosch, South Africa)
  • Explore Financial Services (Illinois, USA)

Detailed Table of Contents:

  • introduction
    • Definition, by segment
    • Methodology/Research Approach
    • Information source
  • Key points to remember
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19
      • Short term impact
      • Long term impact
  • Competition Landscape
    • Business strategies adopted by key players
    • Consolidated SWOT analysis of key players
    • Porter’s Five Forces Analysis
    • Industry regulations
  • Global Key Players Market Share of 3D Secure Pay Authentication Insights and Analysis, 2020
  • Key market insights and strategic recommendations
  • Key Interview Responses
  • Profiled companies (Covered for the 10 key players only)
    • Overview
      • Key management
      • Headquarters, etc.
    • Offers/Business Segments
    • Key details (Key details are subject to data availability in the public domain and/or paid databases)
      • Employee size
      • Key financial data
        • Past and current income
        • Gross margin
        • Geographic share
        • Industry share
    • RECENT DEVELOPMENTS
  • Annex / Appendix
    • Global 3D Secure Pay Authentication Market Size Estimates and Forecasts (Quantitative), by Segment, 2017-2028
      • By type (value)
        • Access control server
        • Merchant plugin
        • Others

TOC Continued….

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