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3D Secure Payment Market Outlook - Estimated Market Size And Growth Rate 2023-2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's 3D Secure Payment Global Market Report 2023 identifies Consumer preferences towards online shopping as the major driver for the 3D Secure Payment market's growth in the forecast period. Online shopping refers to a type of electronic commerce in which a customer uses a web browser to browse the internet for products and services before making a purchase. Factors such as customers' access to more information, opportunities to compare items and pricing.
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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Major competitors in the 3D Secure Payment market are GPayments Pty Ltd., Broadcom Inc., Mastercard Inc., Visa Inc., Bluefin Payment Systems LLC, American Express Company, RSA Security LLC, DECTA Limited.
A key trend in the 3D Secure Payment market includes product innovation. 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.
Read More On The Global 3D Secure Payment Market Report Here:
https://www.thebusinessresearchcompany.com/report/3d-secure-payment-global-market-report
The 3D Secure Payment market is segmented -
• By Type: On-Premise, Cloud-Based
• By Component: Merchant Plug-in, Access Control Server, Other Components
• By Application: Banks, Merchants And Payment Gateway
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the 3D Secure Payment market.
The Business Research Company's "Global 3D Secure Payment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The 3D Secure Payment Market Include:
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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