Insights Into The 3D Secure Payment Market’s Growth Opportunities Through 2023-2032 – Includes 3D Secure Payment Market Share
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Consumer preferences for online buying will encourage innovation in 3D secure payment manufacturing, propelling the market during the projected period.
The global 3D secure payment market is expected to grow from $1.12 billion in 2022 to $1.26 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The global 3D secure payment market size is expected to reach $2.02 billion in 2027 at a CAGR of 12.4%.
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Global 3D Secure Payment Market Segments Include:
- By Type: On-Premise, Cloud-Based
- By Component: Merchant Plug-in, Access Control Server, Other Components
- By Application: Banks, Merchants And Payment Gateway
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global 3D secure payment market in 2021.
Major Market Players in the 3D secure payment market include GPayments Pty Ltd., Broadcom Inc., Mastercard Inc., Visa Inc., Bluefin Payment Systems LLC, American Express Company, RSA Security LLC, DECTA Limited, Modirum Oy, Marqeta.
Product innovation is a prevalent trend in the 3D Secure Payment business. To strengthen their market position, major market players are focusing their efforts on developing breakthrough technologies and solutions such as 3-D Secure 2 (3DS2), frictionless authentication, 3D Secure 2.0 (3DS2), and biometric payments. For example, Zuora Inc., a US-based corporate software provider, integrated 3D Secure 2.0 (3DS2), a widely recommended solution for strong customer authentication (SCA) under PSD2, in August 2022. Stripe v2 gateway supports 3DS2 via the integrated iFrame of Payment Pages 2.0. 3-D Secure 2.0 assists mobile apps and associated devices in safeguarding and expediting digital payment security and transactions.
The 3D Secure Payment Global Market Report 2023 provides a 3D secure payment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The 3D secure payment market forecast analyzes 3D secure payment market size, 3D secure payment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
3D Secure payment is a security mechanism that adds an additional degree of security to online credit card and debit card transactions. When purchasing, customers must go through an additional verification process with the card issuer.
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