Market Overview:
The global identity theft and fraud protection market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth can be attributed to the increasing incidence of identity theft and fraud, rising awareness about the need for identity theft and fraud protection services, and growing demand for cloud-based solutions. However, the high cost of these services may restrain the growth of this market during the forecast period. The credit monitoring segment is expected to hold the largest share of the global identity theft and fraud protection market in 2018. This segment is driven by increasing instances of credit card frauds across different geographies.
Product Definition:
Identity theft is a crime in which an individual's personal information is stolen and used without their permission. This can be done by someone who obtains the information illegally, such as through hacking or stealing, or by someone who legitimately acquires the information but then uses it fraudulently. Identity theft can be used to commit other crimes, such as fraud or tax evasion, and can have serious consequences for the victim.
Fraud protection services aim to help individuals protect their personal information from being stolen or used without their permission. These services typically involve providing a service that monitors credit reports and other financial accounts for signs of fraudulent activity, and notifying customers of any suspicious activity so that they can take action to protect themselves. Fraud protection services can also help victims recover from identity theft if it does occur.
Credit Monitoring:
Credit monitoring is the activity of checking an individual's credit record or a service that provides access to information on an individual's credit history. It helps in preventing fraud and identity theft. The factors that propel market growth include rise in number of identity thefts, increase in awareness about the benefits of monitoring one’s own credit, and high cost associated with these services.
ID Monitoring:
ID monitoring is the process of tracking individuals or entities for security purposes. It can be used by an individual, business or government agency to track an individual's behavior and locate them at any given time. The technology helps in locating a person with the help of their electronic devices such as mobile phones, laptops and other wearable devices that contain unique identifying information such as RFID (radio frequency identification) chips or GPS (global positioning system).
Application Insights:
The consumer application segment accounted for the largest share of over 60.0% in 2017 and is anticipated to maintain its lead over the forecast period. The growing use of digital services, including e-commerce, e-wallets and social media platforms has led to a significant increase in identity theft cases among consumers. According to a study conducted by Javelin Strategy & Research, Inc., nearly 40% of U.S adults have been victims of ID Theft or Fraud (2016 - 2017).
Furthermore, an increasing number of retail outlets offering online transactions has contributed positively to the growth as well as expansion activities carried out by various cyber criminals across all major geographies worldwide.
Regional Analysis:
North America held the largest share in 2017 owing to the presence of a large number of prominent players and increased adoption of advanced technologies. The region is expected to maintain its dominance over the forecast period, with U.S. being at the forefront. The rapid increase in identity theft cases has compelled consumers to adopt various protection services, thereby driving regional market growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to an increasing number of cybercrimes across countries such as China and India that have led authorities across nations such as Australia and Japan introduce new laws for online privacy protection against data breaches among others Things To Know (ToTPKs).
Growth Factors:
- Increasing awareness about the risks of identity theft and fraud, and the need for protection.
- The increasing use of technology, including online banking and shopping, which makes it easier for criminals to steal personal information.
- The growing number of data breaches, which exposes millions of consumers to identity theft and fraud.
- The increasing popularity of social media, which can be used by criminals to gather personal information about people online.
- The rising cost of identity theft and fraud, which has led more people to seek protection services
Scope Of The Report
Report Attributes
Report Details
Report Title
Identity Theft & Fraud Protection Market Research Report
By Type
Credit Monitoring, ID Monitoring, Other Services
By Application
Consumer, Enterprise
By Companies
NortonLifeLock, Experian, Equifax, TransUnion, FICO, cxLoyalty, LexisNexis (RELX), Aura, Allstate, McAfee
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Identity Theft & Fraud Protection Market Report Segments:
The global Identity Theft & Fraud Protection market is segmented on the basis of:
Types
Credit Monitoring, ID Monitoring, Other Services
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, Enterprise
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:
- NortonLifeLock
- Experian
- Equifax
- TransUnion
- FICO
- cxLoyalty
- LexisNexis (RELX)
- Aura
- Allstate
- McAfee
Highlights of The Identity Theft & Fraud Protection 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:
- Credit Monitoring
- ID Monitoring
- Other Services
- By Application:
- Consumer
- Enterprise
- 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 Identity Theft & Fraud Protection 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Identity theft and fraud protection is a service that helps protect your personal information from being stolen or used without your permission. This could include protecting your name, address, Social Security number, and other important information. Identity theft and fraud protection can also help you file a police report if someone tries to steal your identity or commit fraud using your personal information.
Some of the major companies in the identity theft & fraud protection market are NortonLifeLock, Experian, Equifax, TransUnion, FICO, cxLoyalty, LexisNexis (RELX), Aura, Allstate, McAfee.
The identity theft & fraud protection market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection Market Size & Forecast, 2018-2028
4.5.1 Identity Theft & Fraud Protection Market Size and Y-o-Y Growth
4.5.2 Identity Theft & Fraud Protection Market Absolute $ Opportunity
Chapter 5 Global Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection Market Size Forecast by Type
5.2.1 Credit Monitoring
5.2.2 ID Monitoring
5.2.3 Other Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection Market Size Forecast by Applications
6.2.1 Consumer
6.2.2 Enterprise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection Analysis and Forecast
9.1 Introduction
9.2 North America Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection Market Size Forecast by Type
9.6.1 Credit Monitoring
9.6.2 ID Monitoring
9.6.3 Other Services
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 Identity Theft & Fraud Protection Market Size Forecast by Applications
9.10.1 Consumer
9.10.2 Enterprise
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 Identity Theft & Fraud Protection Analysis and Forecast
10.1 Introduction
10.2 Europe Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection Market Size Forecast by Type
10.6.1 Credit Monitoring
10.6.2 ID Monitoring
10.6.3 Other Services
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 Identity Theft & Fraud Protection Market Size Forecast by Applications
10.10.1 Consumer
10.10.2 Enterprise
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 Identity Theft & Fraud Protection Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection Market Size Forecast by Type
11.6.1 Credit Monitoring
11.6.2 ID Monitoring
11.6.3 Other Services
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 Identity Theft & Fraud Protection Market Size Forecast by Applications
11.10.1 Consumer
11.10.2 Enterprise
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 Identity Theft & Fraud Protection Analysis and Forecast
12.1 Introduction
12.2 Latin America Identity Theft & Fraud Protection 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 Identity Theft & Fraud Protection Market Size Forecast by Type
12.6.1 Credit Monitoring
12.6.2 ID Monitoring
12.6.3 Other Services
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 Identity Theft & Fraud Protection Market Size Forecast by Applications
12.10.1 Consumer
12.10.2 Enterprise
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) Identity Theft & Fraud Protection Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Identity Theft & Fraud Protection 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) Identity Theft & Fraud Protection Market Size Forecast by Type
13.6.1 Credit Monitoring
13.6.2 ID Monitoring
13.6.3 Other Services
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) Identity Theft & Fraud Protection Market Size Forecast by Applications
13.10.1 Consumer
13.10.2 Enterprise
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 Identity Theft & Fraud Protection Market: Competitive Dashboard
14.2 Global Identity Theft & Fraud Protection Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NortonLifeLock
14.3.2 Experian
14.3.3 Equifax
14.3.4 TransUnion
14.3.5 FICO
14.3.6 cxLoyalty
14.3.7 LexisNexis (RELX)
14.3.8 Aura
14.3.9 Allstate
14.3.10 McAfee
