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3D Secure Payment Authentication Market to Hit $2.76 Billion by 2030: Grand View Research, Inc.

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The global 3D secure payment authentication market size is expected to reach USD 2.76 billion by 2030, growing at a CAGR of 12.2% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The rising demand for e-commerce has augmented the use of Card Not Present (CNP) transactions.

Key Industry Insights & Findings from the report:

  • The merchant plug-in segment dominated the industry in 2021 owing to its functionality of facilitating 3D secure verifications to assist in preventing credit card fraud.
  • The banks application segment dominated the industry in 2021.
  • This can be attributed to the rising collaborations and partnerships between banks and 3D secure payment authentication solution providers.
  • The North America region led the industry in 2021 and will remain dominant throughout the forecast period due to the increasing CNP frauds across the region.
  • However, the Asia Pacific region is estimated to register the fastest CAGR from 2022 to 2030.

Read 130-page market research report, “3D Secure Payment Authentication Market Size, Share & Trends Analysis Report By Component (Merchant Plug-in, Access Control Server), By Application (Merchants & Payment Gateway, Banks), And Segment Forecasts, 2022 – 2030“, published by Grand View Research.

3D Secure Payment Authentication Market Growth & Trends

As a result of such an increase in CNP transactions, the growth in CNP fraud transactions has been observed over the past few years. For instance, according to an end-to-end transaction guarantee platform for online purchases named Vesta, the overall percent of global transactions its system identified as potential fraud ranged between 10 to 13%, with an average value for each fraudulent transaction ranging from USD 126 to USD 155.

Thus, such frauds are creating demand for 3D secure payment authentication solutions across the globe. The benefits offered by 3D secure payment authentication, include liability shift, which shifts liability for fraud-related chargebacks from the merchant to the card issuer protecting the merchants. As a result of such a benefit, it is expected to fuel the growth of the industry over the forecast period. Furthermore, 3D secure payment authentication allows users to choose any medium, including mobile, desktop, or tablet for processing online purchase transactions without compromising on security, which bodes well with the growth of the industry. Furthermore, the increasing partnerships between the banks and 3D secure payment authentication solution providers are expected to drive the industry.

For instance, in May 2022, adevice identity and authentication solutions provider, ENTERSEKT, announced its partnership with Capitec Bank, a retail banking company. This partnership was aimed at implementing ENTERSEKT EMV 3D Secure solution to enhance the security of e-commerce payments and reduce friction for cardholders. The global pandemic has been favorable to industry growth. Nationwide lockdowns and social distancing regulations fueled e-commerce and online shopping, which eventually led to the increased use of CNP and other online payment methods. As a result of increased online CNP frauds during the pandemic, the demand for 3D secure payment authentication was fueled by e-commerce and other merchants to prevent fraud.

3D Secure Payment Authentication Market Segmentation

Grand View Research has segmented the global 3D secure payment authentication market based on component, application, and region:

3D Secure Payment Authentication Market – Component Outlook (Revenue, USD Million, 2017 – 2030)

  • Access Control Server
  • Merchant Plug-in
  • Others

3D Secure Payment Authentication Market – Application Outlook (Revenue, USD Million, 2017 – 2030)

  • Banks
  • Merchants & Payment Gateway

3D Secure Payment Authentication Market – Regional Outlook (Revenue, USD Million, 2017 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Singapore
  • Latin America
    • Brazil
  • Middle East & Africa (MEA)

List of Key Players of 3D Secure Payment Authentication Market

  • GPayments Pty Ltd.
  • Broadcom
  • Mastercard
  • RSA Security LLC
  • Modirum
  • Visa Inc.
  • Bluefin Payment Systems LLC
  • Decta
  • American Express Company
  • JCB Co., Ltd.

Check out more related studies published by Grand View Research:

  • Face-swiping Payment Market – The global face-swiping payment market size is expected to reach USD 18.46 billion by 2030, expanding at a CAGR of 18.9% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The rise in digitalization led by the COVID-19 pandemic and the increasing penetration of the internet across the globe is anticipated to drive market growth.
  • Payment Processing Solutions Market – The global payment processing solutions market size is expected to reach USD 98.01 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027, according to a new report by Grand View Research, Inc. The market growth can be attributed to the emergence of digital technology and customers’ demand for immediacy of transactions.
  • Digital Payment Market – The global digital payment market size is expected to reach USD 361.30 billion by 2030, expanding at a CAGR of 20.5% over the forecast period, according to a new report by Grand View Research, Inc. The market growth can be attributed to the growing volume of cashless transactions worldwide. According to PwC, a consulting company, the global volume of cashless payments is expected to increase by more than 80% between 2020 and 2025, to nearly 1.9 trillion by 2025 from nearly 1 trillion transactions in 2020.

Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.

Artificial Intelligence

UST to Train Over 25,000 Employees in Generative AI Technologies

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Pioneering program will augment the abilities of UST’s workforce while equipping them with cutting-edge skills and knowledge
MELBOURNE, Australia, May 15, 2024 /PRNewswire/ — UST, a leading digital transformation solutions company, has launched a groundbreaking new initiative to train over 25,000 of its employees globally in Generative AI (GenAI) and provide opportunities for career advancement. This ambitious program builds on UST’s long history in artificial intelligence (AI). It underscores its commitment to comprehensive workforce training and upskilling, keeping its talented personnel future-ready and always at the cutting edge of technological innovation.

The AI training program exemplifies UST’s commitment to leveraging its considerable knowledge and expertise to maintain its leadership position in this rapidly evolving field. The program comes just months after the unveiling of UST AlphaAI, which consolidates the company’s AI offerings to enhance business agility, streamline operations, and accelerate digital transformation journeys.
UST will offer a range of GenAI training programs that are specifically tailored to its employees and their different roles and responsibilities, improving efficiency while helping each employee reach their own unique potential. The comprehensive training program will build upon insights gained through UST’s rich history of collaboration and partnership with distinguished AI researchers from renowned academic institutions such as the MIT Computer Science & Artificial Intelligence Laboratory and the Stanford Artificial Intelligence Laboratory. This legacy of close collaboration with leading researchers will help UST expand on its culture of continuous learning by bringing the latest academic breakthroughs to its workforce.
“Our comprehensive GenAI training initiative will set a new industry standard and bring over 25,000 employees up to speed on everything from foundational GenAI concepts to cutting-edge applications. Adaptable and customizable for each participant, the flexible training program provides hands-on experience with industry-leading tools and platforms like GitHub Copilot, setting our employees up for future success by ensuring that they can apply GenAI capabilities across diverse domains,” said Sunil Balakrishnan, Chief Values Officer and Global Head – Development Centre Operations, UST.
“At UST, we recognize that the key to staying competitive in today’s fast-paced digital landscape lies in the continuous upskilling of our workforce. As GenAI continues to revolutionize industries and transform business operations, we remain dedicated to equipping our employees with the tools and knowledge they need to leverage these cutting-edge technologies effectively,” said Dr. Adnan Masood, Chief AI Architect, UST.
This pioneering GenAI training initiative exemplifies UST’s commitment to fostering a dynamic, future-ready workforce that remains at the forefront of GenAI advancements. By further augmenting the talents of UST employees, the training program will drive innovation and create a meaningful impact for clients and partners alike.
About UST
For more than 24 years, UST has worked side by side with the world’s best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients’ organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.
Media Contacts, UST:Tinu Cherian Abraham+1 (949) 415-9857
Merrick Laravea+1 (949) 416-6212
Neha Misri+91-9284726602
Roshni Das K+91 [email protected]
Media Contacts, India:Adfactors [email protected]
Media Contacts, U.S.:S&C [email protected]
[email protected]
Media Contacts, U.K.:FTI [email protected]
Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg
 

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Artificial Intelligence

Wondershare showcases its Enterprise Solution Excellence at VivaTech 2024 in Paris

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VANCOUVER, BC, May 14, 2024 /PRNewswire/ — Wondershare, a leading developer of creative and productivity software solutions, today announced its participation in VivaTech 2024, Europe’s biggest technology and startup event,. Wondershare is set to demonstrate its unwavering dedication to small and medium-sized businesses (SMBs) and corporate clients at VivaTech 2024. The event will take place from May 22nd to 25th, 2024, at Hall One-M14, Paris Expo Porte de Versailles.

Under the theme “Get Work Done Fast and Unleash Furious Creativity” Wondershare will unveil the latest version of its flagship creative and productivity suite, featuring Filmora, PDFelement, and Edraw.
Wondershare’s commitment to excellence is further underscored by the recent accolades received by PDFelement and HiPDF, with 58 G2 Awards, including the prestigious Leaders award and Highest Users Adoption recognition.
Meanwhile, Filmora has launched a new desktop update, enhancing user experience with key UI/UX improvements and intelligent color grading options. This update includes hundreds of filters and LUTs, catering to marketers, educators, and creators of all levels. By integrating Microsoft AI by adding the personal speech feature in, Filmora will continuously bring in surprises to the esteemed users.
Additionally, Wondershare Edraw continues to uphold its reputation by introducing EdrawMax’s new AI-native page for instant diagram creation. Users can input text and receive a diagram in 10 seconds that can be downloaded and edited for customization. Meanwhile, EdrawMax has expanded to include 24 AI diagram types, such as flowcharts, mind maps, timelines, and more.
“As VivaTech 2024 approaches, we eagerly anticipate showcasing our latest innovations. We extend a warm welcome to our prestigious clients and users to visit our booth. It’s a prime opportunity to experience firsthand how our products can revolutionize workflows and unleash your full potential.” – Iris L, PR Director at Wondershare.
For media inquiries, please contact [email protected].
For more information about Wondershare, please visit Wondershare.
About Wondershare
As a renowned global leader in creativity and productivity solutions, Wondershare is dedicated to making cutting-edge technology accessible to everyone, fostering increased efficiency and creativity. Our commitment to excellence has been recognized through prestigious accolades from organizations like The Shorty Awards, G2, and GetApp. With a user base spanning over 100 million individuals across 150 countries, we offer diverse software solutions encompassing video editing, PDF manipulation, data recovery, diagram creation, graphic design, and more.
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Logo – https://mma.prnewswire.com/media/1274391/wondershare_LOGO.jpg

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Artificial Intelligence

Adamastor introduces the FURIA, the first Portuguese supercar

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PORTO, Portugal, May 14, 2024 /PRNewswire/ — The history of the Portuguese car industry is filled with good examples of the significance of Portuguese entrepreneurship, the desire to “give new worlds to the world”, the enormous capacity to get down to work and turn ideas into reality. In all of them we find something that unites them: one or two “geniuses” who, sometimes not in the most obvious way, or having to overcome the most unusual obstacles, end up bringing something they dreamed of to fruition. Adamastor has a lot of all these things. A lot of idealism, a lot of passion and, at the same time, a lot of know-how… The result is being presented today: the FURIA!

A supercar is, in essence, an exclusive high-performance sports car made up of specific components of superior quality, offering more power and cutting-edge technology to enthusiasts and collectors around the world. It is precisely in this segment, which is also “super” in terms of exclusivity, that Adamastor wants to position itself.
The constant growth and development of society and the economy has favoured the expansion of the number of wealthier consumers, many of whom are regular customers of the restricted supercar category. It is therefore expected that the demand for supercars will continue to increase, also favouring growth in the sector.
However, the rigour of construction, the driving experience and the high-level design and technology are equally responsible for placing Adamastor’s market segment at the forefront of the evolution of expertise, R&D and technical knowledge in this top category of the exciting automotive industry. This is precisely where Adamastor wants to put itself, with the introduction of the Furia, right at the front of the pack.
Where is the first Portuguese supercar produced?
It was from its facilities in Perafita, on the outskirts of Oporto, that Adamastor worked on the development of the first Portuguese supercar. But the highly specialised engineering, production and design team also has the technical and human resources to design, develop and produce its own tools, equipment and other components, and is also committed to becoming a leader in the execution of excellent engineering projects at international level, with a special focus on designing the highest quality carbon fibre components. Adamastor Advanced Technologies was thus born.
In order to achieve this, it uses cutting-edge technical solutions, from the design stages to validation, obviously including development and production, and it has all the skills and competences that allow it, for example, to stand out as one of the main players in the industry in the production of carbon fibre components for use in the demanding automotive industry, in the new mobility solutions sector and in the challenging world of racing, while demonstrating its ability to adapt to an industry that is constantly changing and evolving.
From advanced CNC machining technology to modern 3D printing tools, including the aforementioned production of carbon fibre components, Adamastor Advanced Technologies’ experience, expertise and excellent service has made it the choice of customers with specific needs, such as for the production of carbon fibre bodies and fuel tanks for off-road racing vehicles, propellers for wind power generation, among other high-precision components, where tight tolerances are crucial for the application and consequent correct operation of the component under working conditions.
In this context, Adamastor’s network of partners is also one of its main assets. Each of its partners offers the experience and technical expertise needed to achieve the best results, meeting the high-quality standards and demands of its customers. Examples include partnerships with Creodynamics – virtual simulation of a wind tunnel with CFD (Computational Fluid Dynamics) software, as used in Formula 1; with Canopy – virtual simulation of races and lap times used by some of the teams in the FIA World Endurance Championship and Formula 2; and with Altair – FEA (Finite Element Analysis)
All the information available here: https://www.adamastor.com.pt/home
Technical specifications – Adamastor Furia
Chassis:Carbon fibre
External dimensionsLength: 4,560 mmWidth: 2,212 mmHeight: 1,098 mmWeight: 1,100 kg (dry in Race version)
Track widthFront: 1,755 mmRear: 1,705 mmWheelbase: 2,800 mm
SuspensionGeometry: decoupled double wishbones, coil spring on shock absorberAdjustments supported: toe, camber, caster, ground clearance, roll stiffness, bump stiffness
EngineArchitecture: V6, twin-turbo, sourced from Ford PerformanceDisplacement: 3.5 litresMaximum power: + 650 horsepowerMaximum torque: + 571 NmFuel: Petrol; compatible with synthetic fuelsTop speed: over 300 km/h in the road versionAcceleration from 0 to 100 km/h: around 3.5 secondsAcceleration from 0 to 200 km/h: around 10.2 seconds
Maximum downforceRace: 250 km/h – 1,800 kgRoad: 250 km/h – 1,000 kg
Brakes378 mm discs at the front and 356 mm at the rear. 6-piston callipers at the front and 4-piston callipers at the rear. Brake force variation available on Race version.
Standard equipmentABS and TC
Customisation optionsAdamastor allows a wide range of personalisation freedom for the Furia, including the interior design.
Planned production:Limited series of 60 units
Price of the road-legal version:Estimated at 1.6 million euros + tax
Photo – https://mma.prnewswire.com/media/2410982/Adamastor_Super_Sports.jpgPhoto – https://mma.prnewswire.com/media/2410981/Adamastor_350_HorsePower.jpgLogo – https://mma.prnewswire.com/media/2094180/Adamastor_Logo.jpg
 

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