3D Secure Authentication Market Size, Share | Industry Forecast By 2028
Posted by mahesh on October 6th, 2022
According to our latest market study on “3D Secure Authentication Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component and End User,” the market was valued at US$ 557.9 million in 2020, and it is projected to reach US$ 1,303.5 million by 2028; it is expected to grow at a CAGR of 11.4% from 2021 to 2028.
The Asian economy is witnessing an increase in adoption of 3D secure authentication technology, owing to high usage of online shopping portals. Countries such as China, India, Japan, and Singapore are adopting authentication technology within their territories. The rising demand for digital transformation in banks has led to an increase in use of 3D secure authentication in Asia. In the Asian market, introduction of real-time payments has resulted into drastic rise in payment fraud, with four in five APAC banks experiencing increase in losses, as per the results from Fico survey in January 2020, it has been forecasted that fraud cases will increase significantly in coming year with rising online transactions. Moreover, regulatory changes and individuals aimed at facilitating adoption of open banking are also resulting into digital banking fraud. Factors mentioned above are predicted to generate lucrative growth opportunities for the adoption of 3D secure authentication technology.
3d Secure Authentication Market Research study 2021-2028 enhances the decision-making capabilities and helps to create potent counter strategies to obtain competitive advantage says a latest research report at The Insight Partners. The 3D SECURE AUTHENTICATION Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status
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The 3D Secure Authentication market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.
Top Listed Companies in 3D Secure Authentication Market are –
A thoroughgoing evaluation of the market restrains included in the report which represents the difference to drivers of the market and gives scope for strategic insights and developments. The research study has amalgamated the growth analysis of different aspects that enhance the market growth scenario. It constitutes key market drivers, restraints and trends that transform the market in either a positive or negative manner.
The 3D Secure Authentication Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.
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About the Authormahesh
Joined: September 20th, 2022
Articles Posted: 71
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