Global Identity Theft Protection Services Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Global Identity Theft Protection Services Market 2023 by Company, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Identity Theft Protection Services market size was valued at USD 6635.5 million in 2022 and is forecast to a readjusted size of USD 10570 million by 2029 with a CAGR of 6.9% during review period.

Identity theft is a crime, a type of fraud in which an imposter steals individual information of another person (or a company) and uses it by pretending to be someone else in order to gain some benefit (e.g. money or goods). An identity theft can cause a victim both a financial and emotional damage and also a waste of time and energy needed to avoid consequences of the fraud.

The identity theft can also affect companies, causing not only economic but also reputational damages (e.g. the imposter offers lower quality services compared to the ones offered by the original company). Moreover, the companies are supposed to protect beyond themself, also their employees, clients and suppliers, and so they are responsible to damages caused to the third parties in a case of bad handling of their sensible data. Depending on a different country the fine for not proper handling such data could be very high. Therefore, in order to prevent that risk, the most important practices are the training of the employees about the risks and manners in which identity theft can be performed, and the countermeasures to adopt. Also it is advisable to have a good information system provided with adequate security and constantly updated.

Identities are more valuable than ever. Identity theft protection helps protect potential victims of identity theft. Companies typically offer four different services: credit monitoring, expert support, insurance, and information surveillance via internet and public sources. Through these, companies are can detect identity theft, and mitigate the damage thereof.

Global key players of Identity Theft Protection Services include NortonLifeLock, Experian, Equifax, TransUnion, FICO, etc. Global top five manufacturers hold a share over 53%. North America and Europe is the two largest market of identity theft & fraud protectio. In terms of product, credit monitoring is the largest segment, with a share over 53%, followed by physical card. And in terms of application, the largest users is consumer, with a share over 89%.

The Global Info Research report includes an overview of the development of the Identity Theft Protection Services industry chain, the market status of Consumer (Credit Monitoring, ID Monitoring), Enterprise (Credit Monitoring, ID Monitoring), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Identity Theft Protection Services.

Regionally, the report analyzes the Identity Theft Protection Services markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Identity Theft Protection Services market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Identity Theft Protection Services market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Identity Theft Protection Services industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Credit Monitoring, ID Monitoring).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Identity Theft Protection Services market.

Regional Analysis: The report involves examining the Identity Theft Protection Services market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Identity Theft Protection Services market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Identity Theft Protection Services:

Company Analysis: Report covers individual Identity Theft Protection Services players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Identity Theft Protection Services This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Consumer, Enterprise).

Technology Analysis: Report covers specific technologies relevant to Identity Theft Protection Services. It assesses the current state, advancements, and potential future developments in Identity Theft Protection Services areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Identity Theft Protection Services market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Identity Theft Protection Services market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Credit Monitoring
ID Monitoring
Other Services

Market segment by Application
Consumer
Enterprise

Market segment by players, this report covers
NortonLifeLock
Experian
Equifax
TransUnion
FICO
cxLoyalty
LexisNexis (RELX)
Aura
Allstate
McAfee

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Identity Theft Protection Services product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Identity Theft Protection Services, with revenue, gross margin and global market share of Identity Theft Protection Services from 2018 to 2023.

Chapter 3, the Identity Theft Protection Services competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Identity Theft Protection Services market forecast, by regions, type and application, with consumption value, from 2024 to 2029.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Identity Theft Protection Services.

Chapter 13, to describe Identity Theft Protection Services research findings and conclusion.