Global 3D Secure Payment Market Share Forecast 2024 - 2033

24 May, 2024

The 3D secure payment market has witnessed rapid growth, transitioning from $1.26 billion in 2023 to $1.43 billion in 2024, achieving a CAGR of 13.1%. This growth is driven by increasing e-commerce transactions, heightened cybersecurity concerns, a rise in mobile commerce, elevated payment card usage, and the shift to digital payments. Future growth is projected, with the market expected to reach $2.38 billion in 2028, boasting a CAGR of 13.6%. Contributing factors include increased mobile wallet usage, cross-border transactions, adoption by new industry verticals, data security demands, and ongoing cybersecurity threats, with major trends like real-time transaction monitoring and strong customer authentication.

Major Driver In The 3D Secure Payment Market

The 3D secure payment market foresees substantial growth as consumer preferences increasingly gravitate towards online shopping. This shift, propelled by easy access to information, product comparisons, and a plethora of choices, catalyzes the demand for secure online transactions. Projections by Tidio Ltd. suggest a significant rise in US digital buyers, from 268 million in 2022 to 285 million in 2025, underscoring the momentum propelling the 3D secure payment market forward.

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3D Secure Payment Market Competitive Landscape

GPayments Pty Ltd., Broadcom Inc., Mastercard Inc., Visa Inc., Bluefin Payment Systems LLC, American Express Company, RSA Security LLC, DECTA Limited, Modirum Oy, Marqeta, Entersekt, SIA S.p.A., Worldline SA, Elavon Inc., Adyen, AsiaPay, GMO Payment Gateway, Joseph Cyril Bamford Excavators Ltd., Fiserv Inc., ACI Worldwide Inc., PayPal Holdings Inc., Stripe Inc., CardinalCommerce Corporation, CyberSource Corporation, Forter Inc., Global Payments Inc., Ingenico Group, PayU, Rapyd Financial Network Ltd., Signifyd Inc., Skrill Limited, Worldpay Inc., Zoho Corporation

Key 3D Secure Payment Market Trend

Product innovation is a key trend gaining popularity in the 3D Secure Payment market. Major players in this market are concentrating on creating innovative technologies and products like 3-D Secure 2 (3DS2), frictionless authentication, and biometric payments to strengthen their market position. For instance, in August 2022, Zuora Inc., a US-based enterprise software company, integrated 3D Secure 2.0 (3DS2), a widely recommended solution for strong customer authentication (SCA) under PSD2. The integrated iFrame of Payment Pages 2.0 and the Stripe v2 gateway support 3DS2. 3-D Secure 2.0 aids in securing and accelerating digital payment security and transactions for mobile apps and linked devices.

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3D Secure Payment Market Segmentation

The 3d secure payment market covered in this report is segmented –
1) By Component: Merchant Plug-in, Access Control Server, Other Components
2) By Type: On-Premise, Cloud-Based
3) By Application: Banks, Merchants And Payment Gateway
By Geography:The regions covered in the 3d secure payment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. North America was the largest region in the 3D secure payment market in 2023.

The 3D Secure Payment Global Market Report 2024 furnishes information about the global 3d secure payment market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.