3DS 2.0 Payer Authentication Market Growing Massively
3D Secure 2.0 (3DS 2.0) is an improved version of the 3D Secure protocol, a technology used to authenticate online payments. 3DS 2.0 is a framework developed by EMVCo, the global technical body that manages card payments, to strengthen the security of online payments by introducing additional authentication measures. It is designed to provide a more secure customer experience and reduce fraud.
3DS 2.0 was developed to replace the original 3D Secure protocol, which was introduced in 2001 as a way to authenticate online payments. Over the years, the 3D Secure protocol has become outdated as more sophisticated fraud techniques have been developed. 3DS 2.0 was developed to address this issue by introducing new authentication measures and providing a better customer experience.
The main feature of 3DS 2.0 is its authentication process, which is designed to reduce the risk of fraud. During the authentication process, the customer will be asked to provide additional information, such as their date of birth or a one-time code sent to their mobile phone, to verify their identity. This additional layer of authentication helps to ensure that the person making the payment is who they say they are, and reduces the risk of fraud.
Key Players | 3DS 2.0 Payer Authentication Market : Visa, PostFinance, Mastercard, GPayments, Adyen, Broadcom, Modirum, Entersekt, Worldline, Elavon, SIA S.p.A., GMO Payment Gateway, UnionPay International, AsiaPay, and Discover Global Network
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Analysis of the market:
Other important factors studied in this report include demand and supply dynamics, industry processes, import & export scenario, R&D development activities, and cost structures. Besides, consumption demand and supply figures, cost of production, gross profit margins, and selling price of products are also estimated in this report.
Market Trend
The global 3DS 2.0 Payer Authentication market is growing at a rapid pace owing to the advantages offered by the technology. The major factor driving the growth of the market is the need for secure and efficient identity management. Self-sovereign identity allows individuals and organizations to have full control over their data, which is not possible with traditional methods of identity management. Other factors such as increasing adoption of digital technologies, rising concerns about data security, and growing demand for transparent and tamper-proof systems are also fueling the growth of the market.
3DS 2.0 Payer Authentication Segment by Type:
- SMS Verification
- Fingerprint Recognition
- Face Recognition
3DS 2.0 Payer Authentication Segment by Application :
- ATM
- POS Machine
- Other
The report extensively includes the industry overview, which consisting of details like the market size and share, estimated growth, along with future cost, demand revenue, and supply data. To examine the intricacies of the market, industry analysts used a quantitative and qualitative approach to scrutinize the competitive market landscape as well as the latest industry trends in major regions. Additionally, the report also offers a comprehensive understanding of various dynamics affecting the 3DS 2.0 Payer Authentication market.
Key Questions | Answered included in Sample Report
What will the market size be in 2027 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Table of Contents: 3DS 2.0 Payer Authentication Market
Part 1: Overview of 3DS 2.0 Payer Authentication Market
Part 2: Global Market Status and Forecast by Regions
Part 3: Global Market Status and Forecast by Types
Part 4: Global Market Status and Forecast by Downstream Industry
Part 5: Market Driving Factor Analysis
Part 6: Market Competition Status by Major Manufacturers
Part 7: Major Manufacturers Introduction and Market Data
Part 8: Upstream and Downstream Market Analysis
Part 9: Cost and Gross Margin Analysis
Part 10: Marketing Status Analysis
Part 11: Market Report Conclusion
Part 12: Research Methodology and Reference
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