3D Secure Identification Market worth USD 2,566.99 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "3D Secure Identification Market by Type (On Premise, Cloud-based), by Application (Consumer Electronics, ATM, POS Machine, Other), By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global 3d secure identification market size is expected to grow from USD 723.61 million in 2022 to USD 2,566.99 million by 2033, at a CAGR of 12.2% from 2023 to 2033.

The 3d secure identification market consists of sales of 3d secure identification services by entities (organizations, sole traders, and partnerships). The increasing adoption of 3D secure techniques across various end-users and rise in security against fraud loss and misuse of credit/debit cards are the factors that contribute to the growth of the market over the forecasting period across the globe.

In order to achieve the Sustainable Development Goals (SDGs), the digital economy and e-commerce are becoming increasingly crucial, bringing new opportunities as well as new obstacles. The pandemic has shifted how merchants communicate with customers and complete activities, which has had a direct impact on the e-commerce industry. As the number of online sales grows, so does the number of online payment frauds in the e-commerce industry. In addition, important players are offering 3-D Secure (3DS) online payment systems to enable e-commerce enterprises and merchants to better protect their assets from online fraud. Furthermore, emergence of 3D secure 2.0 and high prospects in Asian economies are further projected to provide plenty of growth opportunities to the 3D secure authentication technology providers.

Global 3D Secure Identification Market Segmentation

The overall 3d secure identification market has been segmented into type, application, and region.

• By Type (On Premise, Cloud-based)
• By Application (Consumer Electronics, ATM, POS Machine, Other)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Consumer Electronics segment is at the highest CAGR during the forecast period

Consumer Electronics segment is expected to grow at the highest CAGR during the forthcoming period. Consumer electronics applications have a large market share because to their widespread usage of 3D secure for card-not-present e-Commerce transactions. The ATM market was the second-largest in 2019 and is expected to expand at the fastest CAGR.

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The Asia Pacific to account for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. The region's expanding population and increased acceptance of CNP for contactless payment processing are likely to drive regional market growth. Additionally, important corporations like as Visa Inc. have released instructions for the Asia Pacific region's use of EMV 3DS. Moreover, increased payment and CNP fraud throughout the region is likely to fuel market expansion in Asia Pacific during the forecast period.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the 3d secure identification market. It also consists of the profiles of leading companies such as Visa, Infineon Technologies AG, Qualcomm Technologies, Inc., PMD Technologies AG, GPayments, Adyen, Broadcom, Modirum, Entersekt, Company 10, Company 11, Company 12, Company 13, Company 14 and Company 15. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

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