3D Secure Authentication Market Forecast, Trends by 2031
The 3D secure authentication market size is projected to reach US$ 1885.64 million by 2031 from US$ 756.94 million in 2023. The market is expected to register a CAGR of 12.1% during 2023–2031. Rising online transactions and growing cyberattacks are likely to remain key trends in the market.
3D Secure Authentication Market Analysis
The rise in internet penetration, rising consumer disposable income, and the rise in the adoption of digitalization are some of the factors driving the market growth. The rising e-commerce and m-commerce industry generates the demand for solutions to secure transactions, leading to market growth. With the growing number of online transactions, the concerns over online frauds drive the market.
3D Secure Authentication Market Overview
3D Secure (3DS) is an authentication method and a security proto adopted by the business to secure their payment ecosystem. It provides an additional layer of security for credit card transactions. This authentication process verifies the customer's identity during payment. The robust authentication regulation PSD2 in Europe and similar regulations in the UK, India and Australia foster the adoption of 3D secure authentication solutions for card payments.
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3D Secure Authentication Market: Strategic Insights
3D Secure Authentication Market
-
CAGR (2023 - 2031)
12.1%
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Market Size 2023
US$ 756.94 million
-
Market Size 2031
US$ 1885.64 million
Market Dynamics
GROWTH DRIVERS
- Need for secure payments
FUTURE TRENDS
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- XXXXXXX
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OPPORTUNITIES
- Growing e-commerce industry
Key Players
- Netcetera
- Gpayment Pvt Ltd
- ASEE GROUP
- Asiapay Limited
- Modirum
- Msignia Inc
- Ravelin Technology Ltd
- RS Software
- UL LLC
- Izealiant Technologies Pvt Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Solution
- Services
End-User
- Banks and Merchant and Payment Processor
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
3D Secure Authentication Market: Strategic Insights
-
CAGR (2023 - 2031)12.1% -
Market Size 2023
US$ 756.94 million -
Market Size 2031
US$ 1885.64 million
Market Dynamics
- Need for secure payments
- XXXXXXX
- XXXXXXX
- XXXXXXX
- Growing e-commerce industry
Key Players
- Netcetera
- Gpayment Pvt Ltd
- ASEE GROUP
- Asiapay Limited
- Modirum
- Msignia Inc
- Ravelin Technology Ltd
- RS Software
- UL LLC
- Izealiant Technologies Pvt Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Solution
- Services
- Banks and Merchant and Payment Processor
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
3D Secure Authentication Market Drivers and Opportunities
Need for secure payments.
With the growing digitalization, businesses are adopting digital solutions to efficiently run their business operations. This factor leads to the adoption of solutions, making and collecting payments among the businesses. Securing the payment ecosystem is the utmost priority of any business, as building and maintaining customer trust is important. For this, businesses adopt 3D secure authentication solutions to add an extra security layer to prevent unauthorized online transactions.
Growing e-commerce industry
The e-commerce industry is gaining traction owing to rising internet penetration, sales of smartphones, and rising consumer purchasing power. The feasibility, affordable prices, and wide product portfolio are some of the advantages of online shopping compared to traditional shopping. Therefore, customers are inclined towards shopping via e-commerce platforms. This has led to increased payments by customers, leading to the 3D secure authentication market. 3D secure authentication helps companies and customers make more secure online transactions. Adoption of this solution reduces the risk of fraud and offers more security with an extra layer of authentication.
3D Secure Authentication Market Report Segmentation Analysis
Key segments that contributed to the derivation of the 3D secure authentication market analysis are the component and end-user.
- Based on the component, the 3D secure authentication market is divided into solution and services. The solution segment held the largest share of the market in 2023.
- Based on the end-user, the 3D secure authentication market is segmented into banks and merchant and payment processor. The banks segment held a significant share of the market in 2023.
3D Secure Authentication Market Share Analysis by Geography
The geographic scope of the 3D secure authentication market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific region held the largest market share and is expected to grow with the highest CAGR. Countries such as India, Japan, and China hold the majority of the Asia Pacific market share. The adoption of digital technologies is fueling the market growth in the region. The growing e-commerce industry is contributing to the growth of the 3D secure authentication market.
3D Secure Authentication Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 756.94 million |
Market Size by 2031 | US$ 1885.64 million |
Global CAGR (2023 - 2031) | 12.1% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
3D Secure Authentication Market News and Recent Developments
The 3D secure authentication market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the 3D secure authentication market are listed below:
- Everlink announced the completion of 3D Secure Certification and the launch of its 3D Secure Authentication Service through VISA Consumer Authentication Service (VCAS) for both Visa and Mastercard card products. As eCommerce accelerates worldwide, businesses are required to prevent fraud and ensure transactions are seamlessly approved. Currently, more than 79% of all fraud occurs through card-not-present transactions. 3D Secure Authentication delivers an added layer of security for consumers, providing an improved, more flexible cardholder experience for card-not-present transactions across multiple devices. (Source: Everlink, Press Release, January 2022)
- PayU, India's leading online payments solution provider, announced the launch of 3D Secure 2.0 SDK, offering a full native checkout and superior customer experience for all card transactions. PayU merchants can provide optimized customer experience while complying with major card network upgrades - including Visa and Mastercard while gaining better security and fraud protection. PayU's lightweight 3DS 2.0 SDK provides lowered latency and a 40% reduction in checkout time. PayU had developed this EMVCo certified offering in collaboration with Wibmo, a PayU owned full stack global PayTech company. (Source: Procurato, Press Release, February 2023)
3D Secure Authentication Market Report Coverage and Deliverables
The “3D Secure Authentication Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- 3D secure authentication market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- 3D secure authentication market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- 3D secure authentication market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the 3D secure authentication market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The adoption of AI and ML technologies to prevent potential risks is considered a key trend in the 3D secure authentication market.
The global 3D secure authentication market is estimated to register a CAGR of 12.1% during the forecast period 2023–2031.
Rising online transactions and growing cyberattacks are the key driving factors impacting the 3D secure authentication market.
The estimated value of the 3D secure authentication market will be US$ 1885.64 million by 2031.
Netcetera; Gpayment Pvt Ltd.; ASEE GROUP; Asiapay Limited; Modirum; Msignia, Inc.; Ravelin Technology Ltd; RS Software; UL LLC; and Izealiant Technologies Pvt. Ltd. are some of the key players operating in the 3D secure authentication market.