Market Overview:
The global identity theft protection and monitoring services market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The increasing incidence of identity theft and data breaches is one of the major factors driving the growth of this market. Identity theft can be defined as an act of stealing someone’s personal information for financial gain or other malicious reasons. Data breaches are incidents in which unauthorized individuals gain access to sensitive data such as passwords, social security numbers, and credit card details. The rising use of internet-based services and applications has made consumers more vulnerable to identity theft attacks. In addition, the increasing adoption of cloud-based services has also made organizations more susceptible to data breaches. The growing number of cyber threats is another major factor contributing to the growth of this market. Cyber threats are attacks launched by hackers or criminals with an intention to steal confidential information or disrupt normal business operations. The global identity theft protection and monitoring services market can be segmented on the basisof type, application,and region . On the basisof type ,the market can be divided into credit card fraud ,employment fraud ,and tax-related fraud . Credit card fraud is a type offraud in which unauthorized individuals use someone else’s credit card details for making fraudulent purchases or obtaining cash advances . Employmentfraud refers tobusinesses that offer jobs with high salaries but require applicantsto pay money upfront for training or certification courses .
Product Definition:
Identity theft protection and monitoring services are offered by many companies to help protect individuals' identities. The importance of these services is that they can help detect if someone is using your personal information without your permission. This can include credit card numbers, Social Security number, or other personal information. identity theft protection and monitoring services can also help you recover if your identity has been stolen.
Credit Card Fraud:
Credit card fraud is a fraudulent act that involves using another person's credit card without their knowledge or consent. The most common type of fraud committed with a credit card is the theft by means of skimming, which is when the criminal places an electronic device over the magstripe on the back of the card and extracts data from it.
Employment Fraud:
Employment fraud is a crime in which an employee pretends to be someone else while employed. It includes various schemes such as changing/modifying personal data, using counterfeit documents, and other fraudulent activities. The main motive of this crime is to obtain benefits that are not available to the real person. Employment frauds can lead to major losses for an organization if it is not detected at the early stage.
Application Insights:
The consumer segment held the largest share of over 70.0% in 2017 and is expected to continue its dominance over the forecast period. The growing use of digital channels, including online banking, e-commerce and social media for identity theft has led to a significant increase in consumer exposure to frauds.
Global identity theft protection.
The enterprise segment is anticipated register a CAGR of XX% from 2018 to 2030 owing to an increase in data breaches that have resulted in exposure of corporate assets such as customer data, trade secrets & intellectual property (TSI) and financial information pertaining to customers or employees. Furthermore, an increasing number of large enterprises are adopting cloud computing which leads to increased storage capability which facilitates easier access by hackers resulting into larger losses for enterprises than small or medium-sized businesses (SMBs).
Regional Analysis:
North America held the largest market 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 continue its dominance over the forecast period, with U.S. being at the forefront. The increasing incidence rate of identity theft has compelled consumers to adopt various protection measures such as monitoring services, thereby driving demand for these products in North America region.
Asia Pacific is anticipated to register significant growth over the forecast period owing to rising awareness regarding identity theft among individuals and organizations coupled with rapid technological advancements across emerging economies including China and India, which are some of the most affected countries by ID Thefts & Frauds (IDTF). Moreover, government initiatives encouraging digitalization are also contributing toward regional growth; for instance, Digital India program initiated by Indian government aims at providing free internet access across rural areas through optical fiber cables laid under ground or via satellite connections using balloons or drones.
Growth Factors:
- Increasing awareness about the risks of identity theft and data breaches, which is driving demand for identity theft protection services.
- The increasing use of online and mobile banking services, which is making consumers more vulnerable to identity theft.
- The growing number of data breaches, which is exposing consumers' personal information to cybercriminals.
- The increasing use of social media platforms, which makes it easier for cybercriminals to obtain personal information about consumers.
- The rising number of online scams, which are targeting consumers' financial information
Scope Of The Report
Report Attributes
Report Details
Report Title
Identity Theft Protection And Monitoring Services Market Research Report
By Type
Credit Card Fraud, Employment Fraud, Tax-Related Fraud
By Application
Consumer, Enterprise
By Companies
NortonLifeLock, Experian, TransUnion, LexisNexis, FICO, Equifax, Affinion, Allstate, Intersections
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Identity Theft Protection And Monitoring Services Market Report Segments:
The global Identity Theft Protection And Monitoring Services market is segmented on the basis of:
Types
Credit Card Fraud, Employment Fraud, Tax-Related Fraud
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
- TransUnion
- LexisNexis
- FICO
- Equifax
- Affinion
- Allstate
- Intersections
Highlights of The Identity Theft Protection And Monitoring Services 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 Card Fraud
- Employment Fraud
- Tax-Related Fraud
- 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 Protection And Monitoring Services 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.
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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 protection and monitoring services are a type of security service that help protect your personal information from being stolen or misused. These services can help you monitor your account activity, identify any suspicious activity, and get alerts if your identity is compromised.
Some of the key players operating in the identity theft protection and monitoring services market are NortonLifeLock, Experian, TransUnion, LexisNexis, FICO, Equifax, Affinion, Allstate, Intersections.
The identity theft protection and monitoring services market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Identity Theft Protection And Monitoring Services 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 Protection And Monitoring Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Identity Theft Protection And Monitoring Services 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 Protection And Monitoring Services 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 Protection And Monitoring Services Market Size & Forecast, 2018-2028
4.5.1 Identity Theft Protection And Monitoring Services Market Size and Y-o-Y Growth
4.5.2 Identity Theft Protection And Monitoring Services Market Absolute $ Opportunity
Chapter 5 Global Identity Theft Protection And Monitoring Services 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 Protection And Monitoring Services Market Size Forecast by Type
5.2.1 Credit Card Fraud
5.2.2 Employment Fraud
5.2.3 Tax-Related Fraud
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Identity Theft Protection And Monitoring Services 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 Protection And Monitoring Services 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 Protection And Monitoring Services 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 Protection And Monitoring Services 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 Protection And Monitoring Services Analysis and Forecast
9.1 Introduction
9.2 North America Identity Theft Protection And Monitoring Services 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 Protection And Monitoring Services Market Size Forecast by Type
9.6.1 Credit Card Fraud
9.6.2 Employment Fraud
9.6.3 Tax-Related Fraud
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 Protection And Monitoring Services 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 Protection And Monitoring Services Analysis and Forecast
10.1 Introduction
10.2 Europe Identity Theft Protection And Monitoring Services 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 Protection And Monitoring Services Market Size Forecast by Type
10.6.1 Credit Card Fraud
10.6.2 Employment Fraud
10.6.3 Tax-Related Fraud
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 Protection And Monitoring Services 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 Protection And Monitoring Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Identity Theft Protection And Monitoring Services 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 Protection And Monitoring Services Market Size Forecast by Type
11.6.1 Credit Card Fraud
11.6.2 Employment Fraud
11.6.3 Tax-Related Fraud
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 Protection And Monitoring Services 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 Protection And Monitoring Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Identity Theft Protection And Monitoring Services 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 Protection And Monitoring Services Market Size Forecast by Type
12.6.1 Credit Card Fraud
12.6.2 Employment Fraud
12.6.3 Tax-Related Fraud
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 Protection And Monitoring Services 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 Protection And Monitoring Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Identity Theft Protection And Monitoring Services 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 Protection And Monitoring Services Market Size Forecast by Type
13.6.1 Credit Card Fraud
13.6.2 Employment Fraud
13.6.3 Tax-Related Fraud
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 Protection And Monitoring Services 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 Protection And Monitoring Services Market: Competitive Dashboard
14.2 Global Identity Theft Protection And Monitoring Services 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 TransUnion
14.3.4 LexisNexis
14.3.5 FICO
14.3.6 Equifax
14.3.7 Affinion
14.3.8 Allstate
14.3.9 Intersections
