Global Identity Theft Protection Services Market Insights and Forecast to 2028

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.
Market Analysis and Insights: Global Identity Theft Protection Services Market
The global Identity Theft Protection Services market size is projected to reach US$ 9233.6 million by 2028, from US$ 5756.4 million in 2021, at a CAGR of 6.9% during 2022-2028.
The industry is relatively fragment, the key brand include NortonLifeLock, Experian, Equifax, TransUnion, FICO, cxLoyalty, LexisNexis (RELX), Aura, Allstate, McAfee and son on. The top five players account for more than half of global share.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Identity Theft Protection Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Identity Theft Protection Services market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Identity Theft Protection Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Identity Theft Protection Services market.
Global Identity Theft Protection Services Scope and Market Size
Identity Theft Protection Services market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Identity Theft Protection Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Credit Monitoring
ID Monitoring
Other Services
Segment by Application
Consumer
Enterprise
By Company
NortonLifeLock
Experian
Equifax
TransUnion
FICO
cxLoyalty
LexisNexis (RELX)
Aura
Allstate
McAfee
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

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