Identity Theft Insurance Market By Type (Credit Card Fraud, Employment Or Tax-Related Fraud, Phone Or Utilities Fraud, Bank Fraud and Others) and Application (Individuals and Business): Global Opportunity Analysis and Industry Forecast, 2021–2030
Identity theft insurance is intended to cover some of the costs associated with a theft of one's identity. In addition, it compensates victims for expenses incurred in regaining their financial identities and fixing their credit records. These expenses include everything from phone bills to legal assistance. Moreover, specialists are frequently provided by policies to assist victims with the process of reclaiming their identities. Furthermore, when someone uses personal information to attempt fraud or other crimes, it is called identity theft.
Increase in adoption of convenience of digital payments for customers and significant increase in cybercrimes promote the growth of the identity theft insurance market. These factors notably contribute toward the growth of the global identity theft insurance market. However, lack of less awareness among people about identity theft insurances and client expectations for superior services are some of the factors that hamper the market growth. On the contrary, surge in digitization in developing countries is expected to provide various growth opportunities for the market growth. In addition, increased importance of digital privacy for the people are expected to provide lucrative opportunities for the market growth in the coming years.
The identity theft insurance market is segmented into type, application, and region. By type, the market is differentiated into credit card fraud, employment or tax-related fraud, phone or utilities fraud, bank fraud and others. Depending on application, it is fragmented into individuals and business. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The identity theft insurance market analysis includes top companies operating in the market such as Allstate Insurance Company, Aura, Chubb, Experian, GEICO, IdentityForce, Inc., IDShield, McAfee, LLC, NortonLifeLock Inc., and Nationwide Mutual Insurance Company. These players have adopted various strategies to increase their market penetration and strengthen their position in the identity theft insurance industry.
KEY BENEFITS FOR STAKEHOLDERS
The study provides in-depth analysis of the identity theft insurance market along with the current trends and future estimations to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the identity theft insurance market size are provided in the report.
The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the identity theft insurance market from 2021 to 2030 is provided to determine the market potential.
KEY MARKET SEGMENTS
By Type
Credit Card Fraud
Employment or Tax-Related Fraud
Phone or Utilities Fraud
Bank Fraud
Others
By Application
Individuals
Business
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS
Allstate Insurance Company
Aura
Chubb
Experian
GEICO
IdentityForce, Inc.
IDShield
McAfee, LLC
NortonLifeLock Inc.
Nationwide Mutual Insurance Company
List of Company Profiles
Allstate Insurance Company
Aura
Chubb
Experian
GEICO
IdentityForce, Inc.
IDShield
McAfee
LLC
NortonLifeLock Inc.
and Nationwide Mutual Insurance Company.
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