3D Secure Payment Authentication Market 2023 Driving Factors Forecast Research 2029

3D secure payment authentication market is anticipated to grow at a CAGR of 10.2% during the forecast period (2023-2030). Advancements in 3D secure (3DS) payment authentication technology to enhance customer experience are propelling the market growth. The growing adoption of strong customer authentication (SCA) requirements under the payment services directive 2 (PSD2) is the key factor supporting the growth of the market globally. As online transactions continue to increase, the need for security like 3D Secure is becoming more essential to help fight against fraud across all markets. 3D Secure solution enables businesses to make risk decisions to help identify fraud while also avoiding unnecessary friction for cardholders. Hence, the market players are also focusing on introducing 3D Secure (3DS) solution solutions that further bolster the market growth. For instance, in August 2020, Marqeta launched 3D Secure to reduce payment fraud. Marqeta's 3D Secure solution is verified on Visa 2.2. Standards are designed to allow greater customization and control over fraud and authentication decisions.

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The banking and finance industry spends billions of pounds each year fighting fraud and economic crime. However, the majority of fraud originates outside the banking sector and UK Finance has analyzed over 59,000 APP fraud cases to show the sources of fraud. The analysis showed that 78.0% of APP fraud cases originated online - these tend to include lower-value fraud such as purchase fraud and therefore account for 36.0% of losses. Social media platforms account for the greatest number of online fraud cases - around three-quarters of online fraud starts on social media. Meanwhile, 18.0% of fraud cases originate via telecommunications - these are usually higher-value cases, such as impersonation fraud, and account for 44.0% of losses.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global 3D Secure Payment Authentication Market Report Segment
By Component
• Access Control Server
• Merchant Plug-in

By Application
• Banks
• Merchants & Payment Gateway

Global 3D Secure Payment Authentication Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global 3D secure payment authentication market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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