The North America 3D Secure Payment Authentication Market would witness market growth of 11.0% CAGR during the forecast period (2022-2028).
One is able to determine if a buyer is a valid cardholder with the use of 3D Secure. With 3D Secure in place, you will not be confronted with disputes or chargebacks if a fraudster attempts to make a purchase from your online store. Additionally, the responsibility passes from you to the cardholder of your buyer, and you have the option to contest the chargeback.
The main credit card schemes support the cardholder authentication system known as 3D Secure. Validating the cardholder's identification aids card issuers in the validation of online purchases. The responsibility for fraud-related chargebacks upon the payment transaction passes from the merchant to the card provider if the shopper's card is signed up for a 3D secure program and the issuer has verified the shopper's identity.
The American e-commerce market has a lot of room to develop, especially with the use of app-based sales. Consumer confidence is still reasonably high because online shopping and mobile e-commerce offer new opportunities to browse for and purchase goods and services, and e-commerce is continuing to change the retail environment in the United States. The US online shopping market will advance due to the efforts of such big industrial players, and this development will be reflected in an increasing average online shop.
The US market dominated the North America 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 $490.8 million by 2028. The Canada market is poised to grow at a CAGR of 13.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 12.5% 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 U.S., Mexico, Canada, and Rest of North America.
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)
By Application
By Component
By Country
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