South America 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 is Expected to be Fastest Growing During Forecast Period For SAM Region

According to a new market research study on “SAM 3D Secure Authentication Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Component and End-user” is expected to reach US$ 60.96 million by 2028 from 31.28 US$ million in 2021. The market is estimated to grow at a CAGR of 10% from 2021 to 2028. The report provides trends prevailing in the SAM 3D secure authentication market along with the drivers and restraints pertaining to the market growth. Enhanced version of 3D secure authentication technology is available and this is the major factor driving the growth of the SAM 3D secure authentication market. However, data breach concerns hinder the growth of SAM 3D secure authentication market.

The SAM 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 SAM 3D secure authentication market is segmented into Brazil, Argentina, and Rest of SAM.

The COVID-19 pandemic has severely impacted SAM due to wide disease spread; countries in this region are among the highly populated, which leads to the greater risk infection spread. Brazil has reported the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. Most of the commercial operations in the region have been shut down to prevent the spread of the disease. However, lockdowns imposed in cities have compelled most businesses and merchants to move online which has positively boosted the adoption of online payment portals. Increase on online payment has positively contributed towards the market growth.

GPayments Pvt. Ltd.; Modirum; Netcetera; Ravelin Technology Ltd; and UL, LLC are among the leading companies in the SAM 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, Netcetera and Giesecke + Devrient have entered a strategic partnership and aims to use synergies in their portfolio to innovate and further tap in the international market

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM 3D secure authentication market
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• The key findings and recommendations highlight crucial progressive industry trends in the SAM 3D secure authentication market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the 3D secure authentication market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution