Market Overview:
The global strong customer authentication (SCA) market is expected to grow at a CAGR of 16.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing need for security and safety measures for online transactions, rising instances of cyber-attacks, and the growing demand for mobile payments. The system & platform segment is expected to hold the largest share of the global SCA market in 2018. This segment is projected to grow at a CAGR of 17.5% during the forecast period from 2018 to 2030. The consulting services & solutions segment is projected to grow at a CAGR of 16.9% during the same period owing to an increase in demand for these services from small and medium-sized businesses (SMBs).
 Industry Outlook.svg)
Product Definition:
Strong Customer Authentication (SCA) is a requirement of the second Payment Services Directive (PSD2) which is part of the EU’s wider Digital Single Market strategy. SCA is intended to reduce fraud and increase security for online payments, with a particular focus on preventing payment card fraud. Under PSD2, all regulated payment service providers must offer at least two forms of SCA when customers make payments online or through mobile apps.
-Something you have, such as a bank card or mobile phone;.
System & Platform:
Strong customer authentication (SCA) is a process of verifying the identity of a user or an application in real-time, as and when required during the transaction. SCA solutions are widely used across various verticals such as BFSI, healthcare & life sciences, retail & e-commerce among others for enhancing security.
Consulting Services & Solutions:
Consulting services and solutions are used in Strong Customer Authentication (SCA) market for providing consulting, implementation & integration, training & education as well as support and maintenance. The growing need to strengthen security across the enterprise is one of the key factors driving growth of this market. SCA solution provides strong authentication capabilities which help enterprises to identify users or devices attempting to access data within an organization.
Application Insights:
The other application segment includes the Strong Customer Authentication for Electronic Transactions (SCAT) system, which is used in banks and financial institutions. The ATM transaction authentication system is expected to be the fastest-growing segment over the forecast period owing to its widespread use across ATMs worldwide. SCA solutions help improve ATM security by reducing fraudulent transactions at ATMs.
The consumer electronics segment was valued at USD 175.0 million in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030, on account of increasing smartphone users globally that facilitate easy access for strong customer authentication applications through mobile banking services or e-commerce transactions. In addition, growing concerns about data safety and online fraud are anticipated to drive growth over the forecast period.
Based on application, the market has been further categorized into consumer electronics; ATM; POS machine; Other;.
Regional Analysis:
The North American regional market accounted for the largest revenue share in 2017. The U.S., in particular, is a key contributor to the growth of this regional market owing to government mandates and regulations that mandate strong customer authentication solutions across various industries, such as healthcare & insurance and banking & financial services. For instance, according to an article published by SC Magazine on April 6th 2018 titled ‘FCC Broadens Its Focus On Strong Customer Authentication’, the Federal Communications Commission (FCC) has mandated stronger authentication requirements for public safety answering points (PSAPs). This is likely to increase demand for strong customer authentication solutions among other end users across various sectors in North America over the next few years.
However, Asia Pacific is expected to emerge as a lucrative region with significant growth opportunities over the forecast period due to increasing investments from prominent players operating across different industry verticals including consumer electronics.
Growth Factors:
- Increased awareness of online security risks, and the need for stronger authentication methods to protect customers
- Regulatory pressure from governments and financial institutions to adopt more stringent authentication measures
- The increasing popularity of e-commerce and mobile payments, which are vulnerable to fraud without strong authentication in place
- The growing number of data breaches and identity theft incidents, which have raised consumer awareness of the need for better security protections
- Advances in biometric technology that can provide a more secure means of authenticating customers
Scope Of The Report
Report Attributes
Report Details
Report Title
Strong Customer Authentication (SCA) Market Research Report
By Type
System & Platform, Consulting Services & Solutions, Other
By Application
Consumer Electronics, ATM, POS Machine, Other
By Companies
Visa, Mastercard, GPayments, Adyen, CA Technologies (Broadcom), Modirum, Entersekt, Worldline, Elavon, SIA S.p.A., GMO Payment Gateway, UnionPay International, AsiaPay, Discover Global Network, JCB, American Express
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Strong Customer Authentication (SCA) Market Report Segments:
The global Strong Customer Authentication (SCA) market is segmented on the basis of:
Types
System & Platform, Consulting Services & Solutions, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, ATM, POS Machine, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Visa
- Mastercard
- GPayments
- Adyen
- CA Technologies (Broadcom)
- Modirum
- Entersekt
- Worldline
- Elavon
- SIA S.p.A.
- GMO Payment Gateway
- UnionPay International
- AsiaPay
- Discover Global Network
- JCB
- American Express
 Market Overview.svg)
Highlights of The Strong Customer Authentication (SCA) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- System & Platform
- Consulting Services & Solutions
- Other
- By Application:
- Consumer Electronics
- ATM
- POS Machine
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Strong Customer Authentication (SCA) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Strong Customer Authentication (SCA) is a process that helps protect customer data by verifying the identity of customers and their authorized representatives. SCA can be used to verify the identities of customers when they make purchases, sign up for services, or access their accounts.
Some of the major companies in the strong customer authentication (sca) market are Visa, Mastercard, GPayments, Adyen, CA Technologies (Broadcom), Modirum, Entersekt, Worldline, Elavon, SIA S.p.A., GMO Payment Gateway, UnionPay International, AsiaPay, Discover Global Network, JCB, American Express.
The strong customer authentication (sca) market is expected to grow at a compound annual growth rate of 16.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Strong Customer Authentication (SCA) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Strong Customer Authentication (SCA) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Strong Customer Authentication (SCA) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Strong Customer Authentication (SCA) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Strong Customer Authentication (SCA) Market Size & Forecast, 2020-2028
4.5.1 Strong Customer Authentication (SCA) Market Size and Y-o-Y Growth
4.5.2 Strong Customer Authentication (SCA) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 System & Platform
5.2.2 Consulting Services & Solutions
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 ATM
6.2.3 POS Machine
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Strong Customer Authentication (SCA) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Strong Customer Authentication (SCA) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 System & Platform
9.6.2 Consulting Services & Solutions
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 ATM
9.10.3 POS Machine
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 System & Platform
10.6.2 Consulting Services & Solutions
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 ATM
10.10.3 POS Machine
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 System & Platform
11.6.2 Consulting Services & Solutions
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 ATM
11.10.3 POS Machine
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 System & Platform
12.6.2 Consulting Services & Solutions
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 ATM
12.10.3 POS Machine
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 System & Platform
13.6.2 Consulting Services & Solutions
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 ATM
13.10.3 POS Machine
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Strong Customer Authentication (SCA) Market: Competitive Dashboard
14.2 Global Strong Customer Authentication (SCA) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Visa
14.3.2 Mastercard
14.3.3 GPayments
14.3.4 Adyen
14.3.5 CA Technologies (Broadcom)
14.3.6 Modirum
14.3.7 Entersekt
14.3.8 Worldline
14.3.9 Elavon
14.3.10 SIA S.p.A.
14.3.11 GMO Payment Gateway
14.3.12 UnionPay International
14.3.13 AsiaPay
14.3.14 Discover Global Network
14.3.15 JCB
14.3.16 American Express
