The 3d secure payment market size has grown rapidly in recent years. It will grow from $1.26 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth observed in the historical period can be attributed to several factors, including the increasing volume of e-commerce transactions, a rising awareness of cybersecurity concerns, the surge in mobile commerce, greater usage of payment cards, and a notable shift toward digital payments.
The 3d secure payment market size is expected to see rapid growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The anticipated growth in the forecast period can be attributed to the increased usage of mobile wallets, a rise in cross-border transactions, adoption by new industry verticals, heightened demands for data security, and the persistent presence of cybersecurity threats. Notable trends expected in the forecast period encompass real-time transaction monitoring, compliance with Strong Customer Authentication (SCA), the implementation of tokenization for secure payments, the adoption of multi-channel authentication, and ongoing innovations in authentication methods beyond traditional passwords.
The growth of the 3D secure payment market is anticipated to be propelled by the evolving consumer inclinations towards online shopping. Online shopping denotes a form of electronic commerce wherein customers utilize web browsers to explore various products and services before making purchases. Factors such as enhanced access to information, comparative analysis of items and prices, a broader spectrum of product choices, convenience, and the ease of finding desired items swiftly contribute to the burgeoning preference for online shopping. Within this sphere, 3D Secure payment stands as an additional layer of authentication for cardholders, ensuring heightened security for online transactions. For instance, as per Tidio Ltd. in November 2022, the US digital buyer base is projected to surge to 285 million by 2025, compared to 268 million in 2022. Thus, the escalating consumer preference for online shopping acts as a significant driver for the growth of the 3D secure payment market.
The anticipated expansion of the 3D secure payment market is fueled by the mounting apprehension concerning cybersecurity. Cybersecurity encompasses the protective measures implemented to safeguard computers, servers, mobile devices, electronic systems, networks, and data against malicious attacks. The increasing concern regarding cyber-attacks and cybercrime within the realm of online payments is fueling the demand for heightened technological advancements and innovative security solutions, including 3D secure payment protocols. For example, as of 2021, according to the Internet Crime Report by the Federal Bureau of Investigation (FBI), cybercrime complaints in the USA totaled 84.7 thousand cases, marking a 7% increase from 2020. Consequently, the intensifying focus on cybersecurity serves as a pivotal driver for the 3D secure payment market.
A prevalent trend shaping the landscape of the 3D Secure Payment market is centered around product innovation. Key market players are directing their efforts towards pioneering technologies and products such as 3-D Secure 2 (3DS2), frictionless authentication, 3D Secure 2.0 (3DS2), and biometric payment solutions to fortify their market positioning. For instance, in August 2022, Zuora Inc., a US-based enterprise software company, seamlessly integrated 3D Secure 2.0 (3DS2) into its operations. This updated version stands as a recommended solution for strong customer authentication (SCA) under the Payment Services Directive 2 (PSD2). With the integration of the iFrame of Payment Pages 2.0, the Stripe v2 gateway supports 3DS2, facilitating secure and accelerated digital payment transactions, particularly for mobile apps and interconnected devices, enhancing overall transaction security and efficiency.
Leading entities within the 3D secure payment market are directing their efforts towards introducing novel products aimed at enhancing the overall customer experience. For example, in February 2023, PayU, an India-based provider of online payment solutions, introduced a 3DS 2.0 SDK authentication service tailored for Indian merchants. This innovative 3DS 2.0 SDK solution substantially reduces checkout time by 40%, expediting payment processing while concurrently enhancing security measures against fraud. It grants retailers the ability to meet the 3DS 2.0 mandate through a streamlined integration process, offering them greater control over the user experience. Additionally, it ensures extensive coverage across various banks and card networks, while also leveraging seamless biometric capabilities to facilitate frictionless transactions.
In November 2022, Bluefin Payment Systems LLC, a US-based company specializing in payment and data security solutions, executed the acquisition of TECS Payment Systems for an undisclosed sum. Through this strategic acquisition, Bluefin intends to augment its service portfolio by integrating omnichannel payment functionalities and smart Point-of-Sale (POS) capabilities into its existing suite of payment and data security solutions. TECS Payment Systems, also based in the USA, is recognized for its provision of omnichannel payment solutions, notably including offerings related to 3D secure payments.
Major companies operating in the 3d secure payment market report are GPayments Pty Ltd., Broadcom Inc., Mastercard Inc., Visa Inc., Bluefin Payment Systems LLC, American Express Company, RSA Security LLC, DECTA Limited, Modirum Oy, Marqeta, Entersekt, SIA S.p.A., Worldline SA, Elavon Inc., Adyen, AsiaPay, GMO Payment Gateway, Joseph Cyril Bamford Excavators Ltd., Fiserv Inc., ACI Worldwide Inc., PayPal Holdings Inc., Stripe Inc., CardinalCommerce Corporation, CyberSource Corporation, Forter Inc., Global Payments Inc., Ingenico Group, PayU, Rapyd Financial Network Ltd., Signifyd Inc., Skrill Limited, Worldpay Inc., Zoho Corporation.
North America was the largest region in the 3D secure payment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the 3D secure payment market report during the forecast period. The regions covered in the 3d secure payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 3d secure payment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories of 3D secure payments are on-premise and cloud-based. Cloud-based solutions involve resources, services, or applications that are dynamically provided by cloud computing providers and accessed by clients over the Internet. These solutions comprise various components, including a merchant plug-in, an access control server, and other elements utilized in applications such as those used by banks, merchants, and payment gateways.
The 3D secure payment market research report is one of a series of new reports that provides 3D secure payment optical components market statistics, including 3D secure payment optical components industry global market size, regional shares, competitors with a 3D secure payment optical components market share, detailed 3D secure payment optical components market segments, market trends and opportunities, and any further data you may need to thrive in the 3D secure payment optical components industry. This 3D secure payment optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The 3d secure payment market size is expected to see rapid growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The anticipated growth in the forecast period can be attributed to the increased usage of mobile wallets, a rise in cross-border transactions, adoption by new industry verticals, heightened demands for data security, and the persistent presence of cybersecurity threats. Notable trends expected in the forecast period encompass real-time transaction monitoring, compliance with Strong Customer Authentication (SCA), the implementation of tokenization for secure payments, the adoption of multi-channel authentication, and ongoing innovations in authentication methods beyond traditional passwords.
The growth of the 3D secure payment market is anticipated to be propelled by the evolving consumer inclinations towards online shopping. Online shopping denotes a form of electronic commerce wherein customers utilize web browsers to explore various products and services before making purchases. Factors such as enhanced access to information, comparative analysis of items and prices, a broader spectrum of product choices, convenience, and the ease of finding desired items swiftly contribute to the burgeoning preference for online shopping. Within this sphere, 3D Secure payment stands as an additional layer of authentication for cardholders, ensuring heightened security for online transactions. For instance, as per Tidio Ltd. in November 2022, the US digital buyer base is projected to surge to 285 million by 2025, compared to 268 million in 2022. Thus, the escalating consumer preference for online shopping acts as a significant driver for the growth of the 3D secure payment market.
The anticipated expansion of the 3D secure payment market is fueled by the mounting apprehension concerning cybersecurity. Cybersecurity encompasses the protective measures implemented to safeguard computers, servers, mobile devices, electronic systems, networks, and data against malicious attacks. The increasing concern regarding cyber-attacks and cybercrime within the realm of online payments is fueling the demand for heightened technological advancements and innovative security solutions, including 3D secure payment protocols. For example, as of 2021, according to the Internet Crime Report by the Federal Bureau of Investigation (FBI), cybercrime complaints in the USA totaled 84.7 thousand cases, marking a 7% increase from 2020. Consequently, the intensifying focus on cybersecurity serves as a pivotal driver for the 3D secure payment market.
A prevalent trend shaping the landscape of the 3D Secure Payment market is centered around product innovation. Key market players are directing their efforts towards pioneering technologies and products such as 3-D Secure 2 (3DS2), frictionless authentication, 3D Secure 2.0 (3DS2), and biometric payment solutions to fortify their market positioning. For instance, in August 2022, Zuora Inc., a US-based enterprise software company, seamlessly integrated 3D Secure 2.0 (3DS2) into its operations. This updated version stands as a recommended solution for strong customer authentication (SCA) under the Payment Services Directive 2 (PSD2). With the integration of the iFrame of Payment Pages 2.0, the Stripe v2 gateway supports 3DS2, facilitating secure and accelerated digital payment transactions, particularly for mobile apps and interconnected devices, enhancing overall transaction security and efficiency.
Leading entities within the 3D secure payment market are directing their efforts towards introducing novel products aimed at enhancing the overall customer experience. For example, in February 2023, PayU, an India-based provider of online payment solutions, introduced a 3DS 2.0 SDK authentication service tailored for Indian merchants. This innovative 3DS 2.0 SDK solution substantially reduces checkout time by 40%, expediting payment processing while concurrently enhancing security measures against fraud. It grants retailers the ability to meet the 3DS 2.0 mandate through a streamlined integration process, offering them greater control over the user experience. Additionally, it ensures extensive coverage across various banks and card networks, while also leveraging seamless biometric capabilities to facilitate frictionless transactions.
In November 2022, Bluefin Payment Systems LLC, a US-based company specializing in payment and data security solutions, executed the acquisition of TECS Payment Systems for an undisclosed sum. Through this strategic acquisition, Bluefin intends to augment its service portfolio by integrating omnichannel payment functionalities and smart Point-of-Sale (POS) capabilities into its existing suite of payment and data security solutions. TECS Payment Systems, also based in the USA, is recognized for its provision of omnichannel payment solutions, notably including offerings related to 3D secure payments.
Major companies operating in the 3d secure payment market report are GPayments Pty Ltd., Broadcom Inc., Mastercard Inc., Visa Inc., Bluefin Payment Systems LLC, American Express Company, RSA Security LLC, DECTA Limited, Modirum Oy, Marqeta, Entersekt, SIA S.p.A., Worldline SA, Elavon Inc., Adyen, AsiaPay, GMO Payment Gateway, Joseph Cyril Bamford Excavators Ltd., Fiserv Inc., ACI Worldwide Inc., PayPal Holdings Inc., Stripe Inc., CardinalCommerce Corporation, CyberSource Corporation, Forter Inc., Global Payments Inc., Ingenico Group, PayU, Rapyd Financial Network Ltd., Signifyd Inc., Skrill Limited, Worldpay Inc., Zoho Corporation.
North America was the largest region in the 3D secure payment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the 3D secure payment market report during the forecast period. The regions covered in the 3d secure payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 3d secure payment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories of 3D secure payments are on-premise and cloud-based. Cloud-based solutions involve resources, services, or applications that are dynamically provided by cloud computing providers and accessed by clients over the Internet. These solutions comprise various components, including a merchant plug-in, an access control server, and other elements utilized in applications such as those used by banks, merchants, and payment gateways.
The 3D secure payment market research report is one of a series of new reports that provides 3D secure payment optical components market statistics, including 3D secure payment optical components industry global market size, regional shares, competitors with a 3D secure payment optical components market share, detailed 3D secure payment optical components market segments, market trends and opportunities, and any further data you may need to thrive in the 3D secure payment optical components industry. This 3D secure payment optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. 3D Secure Payment Market Characteristics3. 3D Secure Payment Market Trends and Strategies31. Global 3D Secure Payment Market Competitive Benchmarking32. Global 3D Secure Payment Market Competitive Dashboard33. Key Mergers and Acquisitions in the 3D Secure Payment Market
4. 3D Secure Payment Market - Macro Economic Scenario
5. Global 3D Secure Payment Market Size and Growth
6. 3D Secure Payment Market Segmentation
7. 3D Secure Payment Market Regional and Country Analysis
8. Asia-Pacific 3D Secure Payment Market
9. China 3D Secure Payment Market
10. India 3D Secure Payment Market
11. Japan 3D Secure Payment Market
12. Australia 3D Secure Payment Market
13. Indonesia 3D Secure Payment Market
14. South Korea 3D Secure Payment Market
15. Western Europe 3D Secure Payment Market
16. UK 3D Secure Payment Market
17. Germany 3D Secure Payment Market
18. France 3D Secure Payment Market
19. Italy 3D Secure Payment Market
20. Spain 3D Secure Payment Market
21. Eastern Europe 3D Secure Payment Market
22. Russia 3D Secure Payment Market
23. North America 3D Secure Payment Market
24. USA 3D Secure Payment Market
25. Canada 3D Secure Payment Market
26. South America 3D Secure Payment Market
27. Brazil 3D Secure Payment Market
28. Middle East 3D Secure Payment Market
29. Africa 3D Secure Payment Market
30. 3D Secure Payment Market Competitive Landscape and Company Profiles
34. 3D Secure Payment Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
3D Secure Payment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on 3d secure payment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for 3d secure payment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Component: Merchant Plug-in; Access Control Server; Other Components
2) By Type: On-Premise; Cloud-Based
3) By Application: Banks; Merchants and Payment Gateway
Companies Mentioned: GPayments Pty Ltd.; Broadcom Inc.; MasterCard Inc.; Visa Inc.; Bluefin Payment Systems LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- GPayments Pty Ltd.
- Broadcom Inc.
- Mastercard Inc.
- Visa Inc.
- Bluefin Payment Systems LLC
- American Express Company
- RSA Security LLC
- DECTA Limited
- Modirum Oy
- Marqeta
- Entersekt
- SIA S.p.A.
- Worldline SA
- Elavon Inc.
- Adyen
- AsiaPay
- GMO Payment Gateway
- Joseph Cyril Bamford Excavators Ltd.
- Fiserv Inc.
- ACI Worldwide Inc.
- PayPal Holdings Inc.
- Stripe Inc.
- CardinalCommerce Corporation
- CyberSource Corporation
- Forter Inc.
- Global Payments Inc.
- Ingenico Group
- PayU
- Rapyd Financial Network Ltd.
- Signifyd Inc.
- Skrill Limited
- Worldpay Inc.
- Zoho Corporation
Methodology
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