3D Secure Payment Authentication Market Analysis and Growth Opportunities Ahead
The global 3D secure payment authentication market was valued at USD 1.10 billion in 2022 and is projected to reach USD 2.76 billion by 2030, with a CAGR of 12.7% from 2023 to 2030. The growth of the market is primarily driven by the rise in Card-Not-Present (CNP) frauds worldwide and the increasing popularity of online and e-commerce shopping among consumers. Additionally, advancements in 3D secure (3DS) payment authentication technology aimed at enhancing customer experience are contributing to market growth. As cyber threats become more sophisticated, robust authentication solutions are essential. The competitive landscape is intensifying due to technological innovations attracting consumers to digital solutions. A key trend in this rapidly evolving market is the integration of advanced technologies like Machine Learning (ML) and Artificial Intelligence (AI). These technologies enhance the security of online transactions by continuously monitoring and analyzing u...