Europe 3D Secure Authentication Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services) and End User (Banks and Merchant & Payment Processor)
Market Introduction
The countries analyzed while estimating the 3D secure authentication market in Europe include France, Germany, Italy, the UK, and Russia. The European population is exceptionally tech-savvy and adopts newer technologies quickly. The authentication technology in European countries has a long-standing experience. The region is witnessing growth in online payment modes, which would help in fostering the growth of 3D secure authentication. As the consumers are transacting more on online marketplaces, there is an increase in adoption of eWallet apps and peer-to-peer payment. These apps have gained popularity in Europe and are obtaining significance in other regions like the US and Asian countries. With the growing adoption of online payment methods, digital frauds would also increase, which is creating the demand for authentication technology. Moreover, in the region, the Payment Services Directive 2 protects the consumers from unauthorized online payments made through their debit/credit card. The enforcement of PSD2 Strong Customer Authentication requirements began on December 31, 2020, in many European countries. Such directives for the merchants operating in Europe economic zone should utilize payment service providers within the European Economic Area which offers strong customer authentication. These regulations will help in promoting the adoption of 3D secure authentication technology.
The COVID-19 pandemic in Europe has had a diverse impact on various nations, since only a few nations have seen an increase in the number of cases, resulting in stringent, long-term lockdown periods or social isolation standards. In 2019, the e-commerce market of B2C in Europe was majorly dominated by the UK, France, Sweden, Germany, and Russia. The customers of the UK have spent around € 200 billion on online purchases, which is roughly double of French counterparts. This growth in 2020 has also continued for medical, food, and other essential supplies. Increase in e-commerce order will help in boosting the adoption of authentication technology.
Get more information on this report :
Market Overview and Dynamics
The 3D secure authentication market in Europe is expected to grow from US$ 177.10 million in 2021 to US$ 374.75 million by 2028; it is estimated to grow at a CAGR of 11.3% from 2021 to 2028. presence of companies offering 3D secure authentication technology in European economies is another factor assisting in the market growth. For instance, Netcetera—a Switzerland based company—has obtained an EMVCo Letter of Approval for their 3D Secure Server. The merchants and acquirers can now utilize Netcetera’s product to enroll in 3DS 2.0 platforms of all the credit card schemes. Also, in August 2020, Netcetera partnered with Mastercard to assist merchants get ready for EMV 3DS 2.x requirements and Mastercard Identity Check program. The test program would run on a Netcetera 3DS Access Control Server certified to the latest 3DS 2.2 standard. Such developments that allow the merchants to run tests in live online shops would help in promoting the use of 3D secure authentication technology.
Key Market Segments
The Europe 3D secure authentication market is segmented into component and end user. Based on component, the 3D secure authentication is segmented into solution and services. The solution segment dominated the 3D secure authentication market growth in 2020. With growing online frauds while making online payments, the penetration of 3D secure authentication solution will rise. Based on end-user, the 3D secure authentication is segmented into banks, merchants & payment processor. As merchants banks are the prominent end user of 3D secure authentication technology, the merchant & payment processor dominated the market growth in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the 3D secure authentication market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ASEE Group; GPayments Pvt. Ltd.; Modirum; mSignia, Inc; Netcetera; Ravelin Technology Ltd; RS Software; and UL, LLC.
Reasons to buy report
- To understand the Europe 3D secure authentication market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe 3D secure authentication market.
- Efficiently plan M&A and partnership deals in Europe 3D secure authentication market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe 3D secure authentication market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe 3D Secure Authentication Market Segmentation
Europe 3D ecure Authentication Market - By Component
- Solution
- Services
Europe 3D Secure Authentication Market - By End User
- Banks
- Merchants & Payment Processor
Europe 3D Secure Authentication Market - By Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Europe 3D Secure Authentication Market - Company Profiles
- GPayments Pvt. Ltd.
- Modirum
- mSignia, Inc
- Netcetera
- Ravelin Technology Ltd
- RS Software
- UL, LLC
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe 3D Secure Authentication Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe 3D Secure Authentication Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rise in E-Commerce Platforms in Europe
5.1.1 Online Frauds Linked with Payments are Increasing
5.2 Key Market Restraints
5.2.1 Data Breach Issues
5.3 Future Trends
5.3.1 Advanced Version of 3D Secure Authentication Technology to be Launched
5.4 Impact Analysis of Drivers and Restraints
6. 3D Secure Authentication Market – Europe Analysis
6.1 Europe 3D Secure Authentication Market Overview
6.2 Europe 3D Secure Authentication Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe 3D Secure Authentication Market Analysis – By Component
7.1 Overview
7.2 Europe 3D Secure Authentication Market, By Component (2020 and 2028)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe 3D Secure Authentication Market – By End-User
8.1 Overview
8.2 Europe 3D Secure Authentication Market, by End-User (2020 and 2028)
8.3 Banks
8.3.1 Overview
8.3.2 Banks: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Merchant and Payment Processor
8.4.1 Overview
8.4.2 Merchant and Payment Processor: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe 3D Secure Authentication Market – Country Analysis
9.1 Overview
9.1.1 Europe: 3D Secure Authentication Market- by Key Country
9.1.1.1 Germany: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: 3D Secure Authentication Market- by Component
9.1.1.1.2 Germany: 3D Secure Authentication Market- By End-User
9.1.1.2 France: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: 3D Secure Authentication Market- by Component
9.1.1.2.2 France: 3D Secure Authentication Market- By End-User
9.1.1.3 Italy: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: 3D Secure Authentication Market- by Component
9.1.1.3.2 Italy: 3D Secure Authentication Market- By End-User
9.1.1.4 UK: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: 3D Secure Authentication Market- by Component
9.1.1.4.2 UK: 3D Secure Authentication Market- By End-User
9.1.1.5 Russia: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: 3D Secure Authentication Market- by Component
9.1.1.5.2 Russia: 3D Secure Authentication Market- By End-User
9.1.1.6 Rest of Europe: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: 3D Secure Authentication Market- by Component
9.1.1.6.2 Rest of Europe: 3D Secure Authentication Market- By End-User
10. Europe 3D Secure Authentication Market- COVID-19 Impact Analysis
10.1 Europe
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
12. Company Profiles
12.1 Netcetera
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 GPayments Pvt. Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ASEE Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Modirum
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 mSignia, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Ravelin Technology Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 RS Software
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 UL, LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe 3D Secure Authentication Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Germany: 3D Secure Authentication Market- by Component –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: 3D Secure Authentication Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 4. France: 3D Secure Authentication Market- by Component –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: 3D Secure Authentication Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: 3D Secure Authentication Market- by Component –Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: 3D Secure Authentication Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: 3D Secure Authentication Market- by Component –Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: 3D Secure Authentication Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: 3D Secure Authentication Market- by Component –Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: 3D Secure Authentication Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: 3D Secure Authentication Market- by Component –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: 3D Secure Authentication Market- By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe 3D Secure Authentication Market Segmentation
Figure 2. Europe 3D Secure Authentication Market Segmentation – By Country
Figure 3. Europe 3D Secure Authentication Market Overview
Figure 4. Solution Segment Held the Largest Market Share
Figure 5. Merchant and Payment Processing Segment Held the Largest Market Share
Figure 6. Germany Held the Largest Market Share
Figure 7. Europe – PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe 3D Secure Authentication Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe 3D Secure Authentication Market Revenue Share, by Component (2020 and 2028)
Figure 12. Europe Solution: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Services 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe 3D Secure Authentication Market Revenue Share, by End-User (2020 and 2028)
Figure 15. Europe Banks: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Merchant and Payment Processor: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe: 3D Secure Authentication Market, by Key Country – Revenue (2020) (US$ Million)
Figure 18. Europe: 3D Secure Authentication Market Revenue Share, By Key Country (2020 and 2028)
Figure 19. Germany: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. France: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Italy: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. UK: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Russia: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of Europe: 3D Secure Authentication Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic in Europe Country Markets
- ASEE Group
- GPayments Pvt. Ltd.
- Modirum
- mSignia, Inc
- Netcetera
- Ravelin Technology Ltd
- RS Software
- UL, LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 3D secure authentication market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe 3D secure authentication market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the 3D secure authentication market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution