The 3D Secure Payment Global Market Report 2023, provides comprehensive information on the 3d secure payment market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global 3D secure payment market size is expected to grow from $1.12 billion in 2022 to $1.26 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global 3D secure payment market size is expected to reach $2.02 billion in 2027 at a CAGR of 12.4%.
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Product innovation is a key trend gaining popularity in the 3D Secure Payment market. Major market players are concentrating their efforts on creating innovative technologies and products such as 3-D Secure 2 (3DS2), frictionless authentication, 3D Secure 2.0 (3DS2), and biometric payments to strengthen their position in the market. For Instance, in August 2022, Zuora Inc., a US-based enterprise software company, integrated 3D Secure 2.0 (3DS2), which is a widely recommended solution for strong customer authentication (SCA) under PSD2. Using the integrated iFrame of Payment Pages 2.0, the Stripe v2 gateway supports 3DS2. 3-D Secure 2.0 helps mobile apps and linked devices, and 3-D Secure 2.0 aids in securing and accelerating digital payment security and transactions.
The 3d secure payment market is segmented:
1) By Type: On-Premise, Cloud-Based
2) By Component: Merchant Plug-in, Access Control Server, Other Components
3) By Application: Banks, Merchants And Payment Gateway
North America was the largest region in the 3d secure payment market in 2022.
The table of contents in TBRC’s 3d secure payment market report includes:
1. Executive Summary
2. 3D Secure Payment Market Characteristics
3. 3D Secure Payment Market Trends And Strategies
4. 3D Secure Payment Market - Macro Economic Scenario
5. 3D Secure Payment Market Size And Growth
……
26. Africa 3D Secure Payment Market
27. 3D Secure Payment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The 3D Secure Payment Market
29. 3D Secure Payment Market Future Outlook and Potential Analysis
30. Appendix
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