The Asia Pacific 3D Secure Payment Authentication Market should witness market growth of 12.4% CAGR during the forecast period (2022-2028).
Utilizing technology that is already widely used by online retailers, 3D secure was developed with shopper-friendly difficulties in mind. The use of smartphone features, such as fingerprint scanners or facial ID readers, to authenticate customers is known as biometric challenges.
In order to complete their online transaction, customers are directed to a verification page or pop-up window by 3D Secure Authentication, where they must enter either a password individuals have initially set up with their issuing bank or a one-time authentication code that is delivered to their mobile phone by SMS. A customer can only finish their transaction after having completed this step.
The payment landscape is changing quickly around the world as new, cutting-edge payment systems and tools are frequently released. The rapid growth of e-commerce is what is fueling the industry's expansion. The region's widespread adoption of mobile and internet banking promotes the utilization of digital banking services for retail payments. In addition, the governments of numerous countries are undertaking a number of measures to develop the BFSI business in the region.
The China market dominated the Asia Pacific 3D Secure Payment Authentication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $182.1 million by 2028. The Japan market is estimated to grow a CAGR of 11.7% during (2022-2028). Additionally, The India market would display a CAGR of 13.1% during (2022-2028).
Based on Application, the market is segmented into Banks and Merchants & Payment Gateway. Based on Component, the market is segmented into Merchant Plug-in, Access Control Server, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mastercard, Inc., Broadcom, Inc. (CA Technologies, Inc.), American Express Company, Visa, Inc., Bluefin Payment Systems LLC, Decta Limited, GPayments Pty Ltd. (Neurocom Group), Modirum, JCB Co., Ltd., and RSA Security LLC (Symphony Technology Group)
Utilizing technology that is already widely used by online retailers, 3D secure was developed with shopper-friendly difficulties in mind. The use of smartphone features, such as fingerprint scanners or facial ID readers, to authenticate customers is known as biometric challenges.
In order to complete their online transaction, customers are directed to a verification page or pop-up window by 3D Secure Authentication, where they must enter either a password individuals have initially set up with their issuing bank or a one-time authentication code that is delivered to their mobile phone by SMS. A customer can only finish their transaction after having completed this step.
The payment landscape is changing quickly around the world as new, cutting-edge payment systems and tools are frequently released. The rapid growth of e-commerce is what is fueling the industry's expansion. The region's widespread adoption of mobile and internet banking promotes the utilization of digital banking services for retail payments. In addition, the governments of numerous countries are undertaking a number of measures to develop the BFSI business in the region.
The China market dominated the Asia Pacific 3D Secure Payment Authentication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $182.1 million by 2028. The Japan market is estimated to grow a CAGR of 11.7% during (2022-2028). Additionally, The India market would display a CAGR of 13.1% during (2022-2028).
Based on Application, the market is segmented into Banks and Merchants & Payment Gateway. Based on Component, the market is segmented into Merchant Plug-in, Access Control Server, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mastercard, Inc., Broadcom, Inc. (CA Technologies, Inc.), American Express Company, Visa, Inc., Bluefin Payment Systems LLC, Decta Limited, GPayments Pty Ltd. (Neurocom Group), Modirum, JCB Co., Ltd., and RSA Security LLC (Symphony Technology Group)
Scope of the Study
By Application
- Banks
- Merchants & Payment Gateway
By Component
- Merchant Plug-in
- Access Control Server
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Mastercard, Inc.
- Broadcom, Inc. (CA Technologies, Inc.)
- American Express Company
- Visa, Inc.
- Bluefin Payment Systems LLC
- Decta Limited
- GPayments Pty Ltd. (Neurocom Group)
- Modirum
- JCB Co., Ltd.
- RSA Security LLC (Symphony Technology Group)
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific 3D Secure Payment Authentication Market, by Application
1.4.2 Asia Pacific 3D Secure Payment Authentication Market, by Component
1.4.3 Asia Pacific 3D Secure Payment Authentication Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in 3D Secure Payment Authentication Market
Chapter 4. Asia Pacific 3D Secure Payment Authentication Market by Application
4.1 Asia Pacific Banks Market by Country
4.2 Asia Pacific Merchants & Payment Gateway Market by Country
Chapter 5. Asia Pacific 3D Secure Payment Authentication Market by Component
5.1 Asia Pacific Merchant Plug-in Market by Country
5.2 Asia Pacific Access Control Server Market by Country
5.3 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific 3D Secure Payment Authentication Market by Country
6.1 China 3D Secure Payment Authentication Market
6.1.1 China 3D Secure Payment Authentication Market by Application
6.1.2 China 3D Secure Payment Authentication Market by Component
6.2 Japan 3D Secure Payment Authentication Market
6.2.1 Japan 3D Secure Payment Authentication Market by Application
6.2.2 Japan 3D Secure Payment Authentication Market by Component
6.3 India 3D Secure Payment Authentication Market
6.3.1 India 3D Secure Payment Authentication Market by Application
6.3.2 India 3D Secure Payment Authentication Market by Component
6.4 South Korea 3D Secure Payment Authentication Market
6.4.1 South Korea 3D Secure Payment Authentication Market by Application
6.4.2 South Korea 3D Secure Payment Authentication Market by Component
6.5 Singapore 3D Secure Payment Authentication Market
6.5.1 Singapore 3D Secure Payment Authentication Market by Application
6.5.2 Singapore 3D Secure Payment Authentication Market by Component
6.6 Malaysia 3D Secure Payment Authentication Market
6.6.1 Malaysia 3D Secure Payment Authentication Market by Application
6.6.2 Malaysia 3D Secure Payment Authentication Market by Component
6.7 Rest of Asia Pacific 3D Secure Payment Authentication Market
6.7.1 Rest of Asia Pacific 3D Secure Payment Authentication Market by Application
6.7.2 Rest of Asia Pacific 3D Secure Payment Authentication Market by Component
Chapter 7. Company Profiles
7.1 Mastercard, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Acquisition and Mergers:
7.2 Broadcom, Inc. (CA Technologies, Inc.)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 American Express Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Product Launches and Product Expansions:
7.4 Visa, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Recent strategies and developments:
7.4.3.1 Partnerships, Collaborations, and Agreements:
7.5 Bluefin Payment Systems LLC
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Acquisition and Mergers:
7.6 Decta Limited
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.7 GPayments Pty Ltd. (Neurocom Group)
7.7.1 Company Overview
7.8 Modirum
7.8.1 Company Overview
7.9 JCB Co., Ltd.
7.9.1 Company Overview
7.10. RSA Security LLC (Symphony Technology Group)
7.10.1 Company Overview
Companies Mentioned
- Mastercard, Inc.
- Broadcom, Inc. (CA Technologies, Inc.)
- American Express Company
- Visa, Inc.
- Bluefin Payment Systems LLC
- Decta Limited
- GPayments Pty Ltd. (Neurocom Group)
- Modirum
- JCB Co., Ltd.
- RSA Security LLC (Symphony Technology Group)
Methodology
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