The Latin America, Middle East and Africa 3D Secure Payment Authentication Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028).
The most recent version of the authentication protocol, 3D Secure 2.0, is used to reduce the risk and expense of fraud for merchants across Europe and the rest of the world. It sits alongside other fraud prevention measures like card verification value (CVV code) and addresses verification (AVS) checks.
The adoption of 3D secure payment standards is presented as the simplest method of security compliance by recent advancements in payments, such as the introduction of strong customer authentication (SCA) regulatory technological requirements.
The improved version of 3D Secure 1 is 3D Secure 2. The introduction of more seamless authentication and the improvement of the user experience between devices mark the primary differences between 3DS2 and its predecessor.
The potential of cashless transactions in Africa has sparked a rush to transform the digital payment environment in the region. However, the prevailing belief is that the market is still highly fragmented despite years of significant expenditures and the presence of major firms striving to shape its infrastructure. The processing of digital payments throughout the region is complicated by the variety of payment methods in various nations—banks, mobile money wallets, and cards—and the challenge of managing online transactions in several local currencies.
The Brazil market dominated the LAMEA 3D Secure Payment Authentication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $35.3 million by 2028. The Argentina market is experiencing a CAGR of 13.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 12.2% during (2022 - 2028).
Based on Application, the market is segmented into Banks and Merchants & Payment Gateway. Based on Component, the market is segmented into Merchant Plug-in, Access Control Server, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global 3D Secure Payment Authentication Market is Predict to reach $2 Billion by 2028, at a CAGR of 11.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mastercard, Inc., Broadcom, Inc. (CA Technologies, Inc.), American Express Company, Visa, Inc., Bluefin Payment Systems LLC, Decta Limited, GPayments Pty Ltd. (Neurocom Group), Modirum, JCB Co., Ltd., and RSA Security LLC (Symphony Technology Group)
Scope of the Study
Market Segments Covered in the Report:
By Application
- Banks
- Merchants & Payment Gateway
By Component
- Merchant Plug-in
- Access Control Server
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Mastercard, Inc.
- Broadcom, Inc. (CA Technologies, Inc.)
- American Express Company
- Visa, Inc.
- Bluefin Payment Systems LLC
- Decta Limited
- GPayments Pty Ltd. (Neurocom Group)
- Modirum
- JCB Co., Ltd.
- RSA Security LLC (Symphony Technology Group)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA 3D Secure Payment Authentication Market, by Application
1.4.2 LAMEA 3D Secure Payment Authentication Market, by Component
1.4.3 LAMEA 3D Secure Payment Authentication Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in 3D Secure Payment Authentication Market
Chapter 4. LAMEA 3D Secure Payment Authentication Market by Application
4.1 LAMEA Banks Market by Country
4.2 LAMEA Merchants & Payment Gateway Market by Country
Chapter 5. LAMEA 3D Secure Payment Authentication Market by Component
5.1 LAMEA Merchant Plug-in Market by Country
5.2 LAMEA Access Control Server Market by Country
5.3 LAMEA Others Market by Country
Chapter 6. LAMEA 3D Secure Payment Authentication Market by Country
6.1 Brazil 3D Secure Payment Authentication Market
6.1.1 Brazil 3D Secure Payment Authentication Market by Application
6.1.2 Brazil 3D Secure Payment Authentication Market by Component
6.2 Argentina 3D Secure Payment Authentication Market
6.2.1 Argentina 3D Secure Payment Authentication Market by Application
6.2.2 Argentina 3D Secure Payment Authentication Market by Component
6.3 UAE 3D Secure Payment Authentication Market
6.3.1 UAE 3D Secure Payment Authentication Market by Application
6.3.2 UAE 3D Secure Payment Authentication Market by Component
6.4 Saudi Arabia 3D Secure Payment Authentication Market
6.4.1 Saudi Arabia 3D Secure Payment Authentication Market by Application
6.4.2 Saudi Arabia 3D Secure Payment Authentication Market by Component
6.5 South Africa 3D Secure Payment Authentication Market
6.5.1 South Africa 3D Secure Payment Authentication Market by Application
6.5.2 South Africa 3D Secure Payment Authentication Market by Component
6.6 Nigeria 3D Secure Payment Authentication Market
6.6.1 Nigeria 3D Secure Payment Authentication Market by Application
6.6.2 Nigeria 3D Secure Payment Authentication Market by Component
6.7 Rest of LAMEA 3D Secure Payment Authentication Market
6.7.1 Rest of LAMEA 3D Secure Payment Authentication Market by Application
6.7.2 Rest of LAMEA 3D Secure Payment Authentication Market by Component
Chapter 7. Company Profiles
7.1 Mastercard, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Acquisition and Mergers:
7.2 Broadcom, Inc. (CA Technologies, Inc.)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 American Express Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Product Launches and Product Expansions:
7.4 Visa, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Recent strategies and developments:
7.4.3.1 Partnerships, Collaborations, and Agreements:
7.5 Bluefin Payment Systems LLC
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Acquisition and Mergers:
7.6 Decta Limited
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.7 GPayments Pty Ltd. (Neurocom Group)
7.7.1 Company Overview
7.8 Modirum
7.8.1 Company Overview
7.9 JCB Co., Ltd.
7.9.1 Company Overview
7.10. RSA Security LLC (Symphony Technology Group)
7.10.1 Company Overview
TABLE 1 LAMEA 3D Secure Payment Authentication Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 3D Secure Payment Authentication Market, 2022 - 2028, USD Million
TABLE 3 LAMEA 3D Secure Payment Authentication Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA 3D Secure Payment Authentication Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Banks Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Banks Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Merchants & Payment Gateway Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Merchants & Payment Gateway Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA 3D Secure Payment Authentication Market by Component, 2018 - 2021, USD Million
TABLE 10 LAMEA 3D Secure Payment Authentication Market by Component, 2022 - 2028, USD Million
TABLE 11 LAMEA Merchant Plug-in Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Merchant Plug-in Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Access Control Server Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Access Control Server Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA 3D Secure Payment Authentication Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA 3D Secure Payment Authentication Market by Country, 2022 - 2028, USD Million
TABLE 19 Brazil 3D Secure Payment Authentication Market, 2018 - 2021, USD Million
TABLE 20 Brazil 3D Secure Payment Authentication Market, 2022 - 2028, USD Million
TABLE 21 Brazil 3D Secure Payment Authentication Market by Application, 2018 - 2021, USD Million
TABLE 22 Brazil 3D Secure Payment Authentication Market by Application, 2022 - 2028, USD Million
TABLE 23 Brazil 3D Secure Payment Authentication Market by Component, 2018 - 2021, USD Million
TABLE 24 Brazil 3D Secure Payment Authentication Market by Component, 2022 - 2028, USD Million
TABLE 25 Argentina 3D Secure Payment Authentication Market, 2018 - 2021, USD Million
TABLE 26 Argentina 3D Secure Payment Authentication Market, 2022 - 2028, USD Million
TABLE 27 Argentina 3D Secure Payment Authentication Market by Application, 2018 - 2021, USD Million
TABLE 28 Argentina 3D Secure Payment Authentication Market by Application, 2022 - 2028, USD Million
TABLE 29 Argentina 3D Secure Payment Authentication Market by Component, 2018 - 2021, USD Million
TABLE 30 Argentina 3D Secure Payment Authentication Market by Component, 2022 - 2028, USD Million
TABLE 31 UAE 3D Secure Payment Authentication Market, 2018 - 2021, USD Million
TABLE 32 UAE 3D Secure Payment Authentication Market, 2022 - 2028, USD Million
TABLE 33 UAE 3D Secure Payment Authentication Market by Application, 2018 - 2021, USD Million
TABLE 34 UAE 3D Secure Payment Authentication Market by Application, 2022 - 2028, USD Million
TABLE 35 UAE 3D Secure Payment Authentication Market by Component, 2018 - 2021, USD Million
TABLE 36 UAE 3D Secure Payment Authentication Market by Component, 2022 - 2028, USD Million
TABLE 37 Saudi Arabia 3D Secure Payment Authentication Market, 2018 - 2021, USD Million
TABLE 38 Saudi Arabia 3D Secure Payment Authentication Market, 2022 - 2028, USD Million
TABLE 39 Saudi Arabia 3D Secure Payment Authentication Market by Application, 2018 - 2021, USD Million
TABLE 40 Saudi Arabia 3D Secure Payment Authentication Market by Application, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia 3D Secure Payment Authentication Market by Component, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia 3D Secure Payment Authentication Market by Component, 2022 - 2028, USD Million
TABLE 43 South Africa 3D Secure Payment Authentication Market, 2018 - 2021, USD Million
TABLE 44 South Africa 3D Secure Payment Authentication Market, 2022 - 2028, USD Million
TABLE 45 South Africa 3D Secure Payment Authentication Market by Application, 2018 - 2021, USD Million
TABLE 46 South Africa 3D Secure Payment Authentication Market by Application, 2022 - 2028, USD Million
TABLE 47 South Africa 3D Secure Payment Authentication Market by Component, 2018 - 2021, USD Million
TABLE 48 South Africa 3D Secure Payment Authentication Market by Component, 2022 - 2028, USD Million
TABLE 49 Nigeria 3D Secure Payment Authentication Market, 2018 - 2021, USD Million
TABLE 50 Nigeria 3D Secure Payment Authentication Market, 2022 - 2028, USD Million
TABLE 51 Nigeria 3D Secure Payment Authentication Market by Application, 2018 - 2021, USD Million
TABLE 52 Nigeria 3D Secure Payment Authentication Market by Application, 2022 - 2028, USD Million
TABLE 53 Nigeria 3D Secure Payment Authentication Market by Component, 2018 - 2021, USD Million
TABLE 54 Nigeria 3D Secure Payment Authentication Market by Component, 2022 - 2028, USD Million
TABLE 55 Rest of LAMEA 3D Secure Payment Authentication Market, 2018 - 2021, USD Million
TABLE 56 Rest of LAMEA 3D Secure Payment Authentication Market, 2022 - 2028, USD Million
TABLE 57 Rest of LAMEA 3D Secure Payment Authentication Market by Application, 2018 - 2021, USD Million
TABLE 58 Rest of LAMEA 3D Secure Payment Authentication Market by Application, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA 3D Secure Payment Authentication Market by Component, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA 3D Secure Payment Authentication Market by Component, 2022 - 2028, USD Million
TABLE 61 key Information – Mastercard, Inc.
TABLE 62 Key Information – Broadcom, Inc.
TABLE 63 Key Information – American Express Company
TABLE 64 Key Information – Visa, Inc.
TABLE 65 Key Information – Bluefin Payment Systems LLC
TABLE 66 Key Information – Decta Limited
TABLE 67 Key Information – payments pty ltd.
TABLE 68 Key Information – Modirum
TABLE 69 Key Information – JCB Co., Ltd.
TABLE 70 Key Information – RSA Security LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Mastercard, Inc.
FIG 3 SWOT Analysis: Broadcom, Inc.