Global Identity Theft & Fraud Protection Market Growth (Status and Outlook) 2023-2029

Global Identity Theft & Fraud Protection Market Growth (Status and Outlook) 2023-2029

According to our (LP Info Research) latest study, the global Identity Theft & Fraud Protection market size was valued at US$ 6308.5 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the Identity Theft & Fraud Protection is forecast to a readjusted size of US$ 10430 million by 2029 with a CAGR of 7.4% during review period.

The research report highlights the growth potential of the global Identity Theft & Fraud Protection market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Identity Theft & Fraud Protection are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Identity Theft & Fraud Protection. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Identity Theft & Fraud Protection market.

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 & fraud protection 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%.

Key Features:

The report on Identity Theft & Fraud Protection market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Identity Theft & Fraud Protection market. It may include historical data, market segmentation by Type (e.g., Credit Monitoring, ID Monitoring), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Identity Theft & Fraud Protection market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Identity Theft & Fraud Protection market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Identity Theft & Fraud Protection industry. This include advancements in Identity Theft & Fraud Protection technology, Identity Theft & Fraud Protection new entrants, Identity Theft & Fraud Protection new investment, and other innovations that are shaping the future of Identity Theft & Fraud Protection.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Identity Theft & Fraud Protection market. It includes factors influencing customer ' purchasing decisions, preferences for Identity Theft & Fraud Protection product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Identity Theft & Fraud Protection market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Identity Theft & Fraud Protection market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Identity Theft & Fraud Protection market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Identity Theft & Fraud Protection industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Identity Theft & Fraud Protection market.

Market Segmentation:

Identity Theft & Fraud Protection 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.

Segmentation by type
Credit Monitoring
ID Monitoring
Other Services

Segmentation by application
Consumer
Enterprise

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NortonLifeLock
Experian
Equifax
TransUnion
FICO
cxLoyalty
LexisNexis (RELX)
Aura
Allstate
McAfee

Please note: The report will take approximately 2 business days to prepare and deliver.