3D Secure Authentication Market Scope, Growth, Size and Share by 2028
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 |
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