Dublin, Oct. 05, 2021 (GLOBE NEWSWIRE) — The “3D Secure Authentication Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component (Solution and Services) and End-User (Banks and Merchant and Payment Processor)” report has been added to ResearchAndMarkets.com’s offering.
According to this report the market is expected to reach US$ 1,303.5 million by 2028, registering a CAGR of 11.4% from 2021 to 2028.
Factors such as increase in e-commerce and m-commerce sales across the world is increasing pertaining to boom in the sales of smartphones and internet penetration. With growth in online shopping portals and availability of online payment methods, there is a significant rise in online frauds. This factor is driving the adoption of 3D authentication technology. Moreover, 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.
In 2020, North America led the global 3D secure authentication market with a substantial revenue share, followed by Europe and APAC. North America has seen significant technological advances, which has resulted in highly competitive markets. Governments in the region are focusing on enhancing and securing online payment process. Also, the governments in various countries of North America, including the US, have increased the overall investment in research & development (R&D). In North America, the US is…