Europe 3D Secure Authentication Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services) and End User (Banks and Merchant & Payment Processor)

Merchant & Payment Processor Segment to Dominate Europe 3D Secure Authentication Market during 2020-2028

According to a new market research study on “Europe 3D Secure Authentication Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Component and End-user” is expected to reach US$ 374.75 million by 2028 from 177.10 US$ million in 2021. The market is estimated to grow at a CAGR of 11.3% from 2021 to 2028. The report provides trends prevailing in the Europe 3D secure authentication market along with the drivers and restraints pertaining to the market growth. Online frauds linked with payments are increasing is the major factor driving the growth of the Europe 3D secure authentication market. However, data breach issues hinder the growth of Europe 3D secure authentication market.

The Europe 3D secure authentication market is segmented into component, End-user, and country. Based on component, the 3D secure authentication is segmented into solution and services. The solution segment dominated the 3D secure authentication market growth in 2020. With growing online frauds while making online payments, the penetration of 3D secure authentication solution will rise. Based on End-user, the 3D secure authentication is segmented into banks, merchants & payment processor. As merchants banks are the prominent End-user of 3D secure authentication technology, the merchant & payment processor dominated the market growth in 2020. Based on country, the 3D secure authentication is segmented into France, Germany, Italy, UK, Russia, and rest of Europe.

The COVID-19 pandemic in Europe has had a diverse impact on various nations, since only a few nations have seen an increase in the number of cases, resulting in stringent, long-term lockdown periods or social isolation standards. In 2019, the e-commerce market of B2C in Europe was majorly dominated by the UK, France, Sweden, Germany, and Russia. The customers of the UK have spent around € 200 billion on online purchases, which is roughly double of French counterparts. This growth in 2020 has also continued for medical, food, and other essential supplies. Increase in e-commerce order will help in boosting the adoption of authentication technology.

ASEE Group; GPayments Pvt. Ltd.; Modirum; mSignia, Inc; Netcetera; Ravelin Technology Ltd; RS Software; and UL, LLC are among the leading companies in the Europe 3D secure authentication market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Gpayments has developed a new solution to address usability issues surrounding Verified by Visa, MasterCard SecureCode and JCB J/Secure authenticated purchases

Reasons to buy:

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• Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the 3D secure authentication market, as well as those hindering it
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