Cover Image
Market Research Report
Product code 
1026435

North America 3D Secure Authentication Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services) and End User (Banks and Merchant & Payment Processor)

Published: | The Insight Partners | 82 Pages | Delivery time: 1-2 business days

Price

Back to Top
North America 3D Secure Authentication Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services) and End User (Banks and Merchant & Payment Processor)
Published: August 5, 2021
The Insight Partners
Content info: 82 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

The 3D secure authentication market in North America is expected to grow from US$ 267.57 million in 2021 to US$ 567.70 million by 2028; it is estimated to grow at a CAGR of 10.8% from 2021 to 2028.

As an e-commerce transaction process includes multiple parties like merchants, marketplace, financial institutes, and payment gateways, apart from customers, emerge at different stages. The mentioned parties act as an attack point or vulnerability for malicious issues. Due to the adoption of advanced technologies, there has been a rise in digital payment methods. The digital fraud is an issue faced by businesses and banks since the emergence of e-commerce and online payment portals. Chaos caused due to the COVID-19 pandemic, change in e-commerce landscape, payments moving online, increasingly digital banking services, and unclear legal jurisdiction of cross-border fraud are some of the factors causing rise in digital fraud while making payments. To curb the impact of digital fraud, adoption of 3D secure authentication technology will continue to rise. Additionally, North America is witnessing growth in e-commerce platforms, which is among the other factors expected to fuel the demand for 3D secure authentication in the region during the forecast period.

Based on component, the solutions segment led the North America 3D secure authentication market in 2020. In the current scenario, with continuous technological developments, online shopping is increasing, which is resulting into rise in online fraud. The ecosystem of online shopping is surrounded with frauds, which is encouraging merchants, banks, and acquirers to invest money to offer fast, simple, and reliable online payment solutions with high security. Therefore, by using 3D secure to combat online fraud, the banks and merchants can work together. In 2017, the online fraud has generated US$ 31 billion chargeback costs for merchants. As merchants might suffer from fraud, it can result into creating additional operational costs.

The 3D secure authentication market is witnessing a large presence of players offering 3D secure authentication solutions. Marqeta, SecurionPay, and Netcetera are some of the companies engaged in the business of providing 3D secure solution to merchants, retailers, banks, and many other parties.

Moreover, any organic or inorganic strategic developments made by solution providers would help in positively impacting the market growth. For instance, in August 2020, Marqeta presented a 3D secure solution that provides a flexible authentication solution to reduce payment fraud. The company has developed Marqeta 3D Secure in-house for issuers to create customized cardholder authentication experiences to assist in reducing online frauds.

North America is known for having the highest rate of advanced technology adoption due to favorable government policies that foster innovation and enhance internet infrastructure. As a result, every factor affecting the region's industrial performance obstructs its economic development. However, the US is the world's worst-affected country because of the COVID-19 outbreak, causing governments to impose several limitations on businesses in the country to contain the spread of novel coronavirus. On the upside down, the closure of businesses and public activities has not created a direct impact on the North America 3D secure authentication market as the adoption of e-commerce channels boosted significantly during the pandemic, which led to increase in online payment modes.

The overall North America 3D secure authentication market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the North America 3D secure authentication market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America 3D secure authentication market. GPayments Pvt. Ltd.; Modirum; mSignia, Inc; Netcetera; Ravelin Technology Ltd; RS Software; and UL, LLC are among key players operating in the market.

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 3D secure authentication market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America 3D secure authentication market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the 3D secure authentication market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Product Code: TIPRE00024102

Table Of Contents

1. Introduction

  • 1.1 Study Scope
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. North America 3D Secure Authentication Market Landscape

  • 4.1 Market Overview
  • 4.2 North America PEST Analysis
  • 4.3 Ecosystem Analysis
  • 4.4 Expert Opinion

5. North America 3D Secure Authentication Market - Key Market Dynamics

  • 5.1 Key Market Drivers
    • 5.1.1 North America Witnessing Growth in E-Commerce Platforms
    • 5.1.1 Rising Online Payment Related Frauds
  • 5.2 Key Market Restraints
    • 5.2.1 Possibility of Data Breach
  • 5.3 Future Trends
    • 5.3.1 Upcoming of Updated Version 3D Secure Authentication Technology
  • 5.4 Impact Analysis of Drivers and Restraints

6. 3D Secure Authentication Market - North America Analysis

  • 6.1 North America 3D Secure Authentication Market Overview
  • 6.2 North America 3D Secure Authentication Market -Revenue and Forecast to 2028 (US$ Million)

7. North America 3D Secure Authentication Market Analysis - By Component

  • 7.1 Overview
  • 7.2 North America 3D Secure Authentication Market, By Component (2020 and 2028)
  • 7.3 Solution
    • 7.3.1 Overview
    • 7.3.2 Solution: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
  • 7.4 Services
    • 7.4.1 Overview
    • 7.4.2 Services: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)

8. North America 3D Secure Authentication Market - By End-User

  • 8.1 Overview
  • 8.2 North America 3D Secure Authentication Market, by End-User (2020 and 2028)
  • 8.3 Banks
    • 8.3.1 Overview
    • 8.3.2 Banks: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
  • 8.4 Merchant and Payment Processor
    • 8.4.1 Overview
    • 8.4.2 Merchant and Payment Processor: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)

9. North America 3D Secure Authentication Market - Country Analysis

  • 9.1 Overview
    • 9.1.1 North America: 3D Secure Authentication Market- by Key Country
      • 9.1.1.1 US: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
        • 9.1.1.1.1 US: 3D Secure Authentication Market- by Component
        • 9.1.1.1.2 US: 3D Secure Authentication Market- By End-User
      • 9.1.1.2 Canada: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
        • 9.1.1.2.1 Canada: 3D Secure Authentication Market- by Component
        • 9.1.1.2.2 Canada: 3D Secure Authentication Market- By End-User
      • 9.1.1.3 Mexico: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
        • 9.1.1.3.1 Mexico: 3D Secure Authentication Market- by Component
        • 9.1.1.3.2 Mexico: 3D Secure Authentication Market- By End-User

10. North America 3D Secure Authentication Market- COVID-19 Impact Analysis

  • 10.1 North America

11. Industry Landscape

  • 11.1 Overview
  • 11.2 Market Initiative
  • 11.3 New Development

12. Company Profiles

  • 12.1 Netcetera
    • 12.1.1 Key Facts
    • 12.1.2 Business Description
    • 12.1.3 Products and Services
    • 12.1.4 Financial Overview
    • 12.1.5 SWOT Analysis
    • 12.1.6 Key Developments
  • 12.2 GPayments Pvt. Ltd.
    • 12.2.1 Key Facts
    • 12.2.2 Business Description
    • 12.2.3 Products and Services
    • 12.2.4 Financial Overview
    • 12.2.5 SWOT Analysis
    • 12.2.6 Key Developments
  • 12.3 Modirum
    • 12.3.1 Key Facts
    • 12.3.2 Business Description
    • 12.3.3 Products and Services
    • 12.3.4 Financial Overview
    • 12.3.5 SWOT Analysis
    • 12.3.6 Key Developments
  • 12.4 mSignia, Inc.
    • 12.4.1 Key Facts
    • 12.4.2 Business Description
    • 12.4.3 Products and Services
    • 12.4.4 Financial Overview
    • 12.4.5 SWOT Analysis
    • 12.4.6 Key Developments
  • 12.5 Ravelin Technology Ltd.
    • 12.5.1 Key Facts
    • 12.5.2 Business Description
    • 12.5.3 Products and Services
    • 12.5.4 Financial Overview
    • 12.5.5 SWOT Analysis
    • 12.5.6 Key Developments
  • 12.6 RS Software
    • 12.6.1 Key Facts
    • 12.6.2 Business Description
    • 12.6.3 Products and Services
    • 12.6.4 Financial Overview
    • 12.6.5 SWOT Analysis
    • 12.6.6 Key Developments
  • 12.7 UL, LLC
    • 12.7.1 Key Facts
    • 12.7.2 Business Description
    • 12.7.3 Products and Services
    • 12.7.4 Financial Overview
    • 12.7.5 SWOT Analysis
    • 12.7.6 Key Developments

13. Appendix

  • 13.1 About The Insight Partners
  • 13.2 Word Index

List Of Tables

  • Table 1. North America 3D Secure Authentication Market - Revenue, and Forecast to 2028 (US$ Million)
  • Table 2. US: 3D Secure Authentication Market- by Component -Revenue and Forecast to 2028 (US$ Million)
  • Table 3. US: 3D Secure Authentication Market- By End-User -Revenue and Forecast to 2028 (US$ Million)
  • Table 4. Canada: 3D Secure Authentication Market- by Component -Revenue and Forecast to 2028 (US$ Million)
  • Table 5. Canada: 3D Secure Authentication Market- By End-User -Revenue and Forecast to 2028 (US$ Million)
  • Table 6. Mexico: 3D Secure Authentication Market- by Component -Revenue and Forecast to 2028 (US$ Million)
  • Table 7. Mexico: 3D Secure Authentication Market- By End-User -Revenue and Forecast to 2028 (US$ Million)
  • Table 8. List of Abbreviation

List Of Figures

  • Figure 1. North America 3D Secure Authentication Market Segmentation
  • Figure 2. North America 3D Secure Authentication Market Segmentation - By Country
  • Figure 3. North America 3D Secure Authentication Market Overview
  • Figure 4. Solution Segment Held the Largest Market Share
  • Figure 5. Merchant and Payment Processing Segment Held the Largest Market Share
  • Figure 6. US Held the Largest Market Share
  • Figure 7. North America - PEST Analysis
  • Figure 8. Expert Opinion
  • Figure 9. North America 3D Secure Authentication Market: Impact Analysis of Drivers and Restraints
  • Figure 10. North America 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 11. North America 3D Secure Authentication Market Revenue Share, by Component (2020 and 2028)
  • Figure 12. North America Solution: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 13. North America Services 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 14. North America 3D Secure Authentication Market Revenue Share, by End-User (2020 and 2028)
  • Figure 15. North America Banks: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 16. North America Merchant and Payment Processor: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 17. North America: 3D Secure Authentication Market, by Key Country - Revenue (2020) (US$ Million)
  • Figure 18. North America: 3D Secure Authentication Market Revenue Share, by Key Country (2020 and 2028)
  • Figure 19. US: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 20. Canada: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 21. Mexico: 3D Secure Authentication Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 22. Impact of COVID-19 Pandemic in North American Country Markets