Market Overview:
The global identity theft protection and credit monitoring market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing incidence of identity theft and data breaches, growing awareness about the benefits of identity theft protection and credit monitoring services, and the increasing demand for cloud-based services. The global identity theft protection and credit monitoring market can be segmented by type, application, and region. By type, the market can be divided into credit monitoring, ID monitoring, and other services. Credit monitoring is further sub-segmented into personal credit reports & scores, business credit reports & scores, fraud detection & alerts,,and others (including subscription management tools). ID monitoring is sub-segmented into child ID tracking & recovery services,,parental controls,,and others (including lost device tracking). Other services include dark web scanning/monitoring,. By application,.the market can be classified as consumer applications and enterprise applications. Consumer applications are further subdivided into individual consumers or families,.while enterprise applications are sub-divided into small businesses or large enterprises.Regionally,. Some of the key players in this industry include Experian plc (Ireland), Equifax Inc.(U.S.
Product Definition:
Identity theft protection and credit monitoring services can help you detect if someone is using your personal information to commit identity theft. Services like these can also help you keep track of your credit score and credit history, so you can spot any suspicious activity.
Credit Monitoring:
Credit monitoring is the activity of tracking and reviewing a consumers' credit reports to detect any fraudulent activities. It's an important aspect of identity theft protection as it allows users to take preventive measures against identity theft. The service also enables users to monitor their credit scores, which helps them in making better financial decisions.
The global market for credit monitoring is expected to witness significant growth over the forecast period owing to factors such as growing awareness about fraud prevention techniques among individuals.
ID Monitoring:
ID monitoring is the process of tracking individuals or entities using their identification numbers. It can be used for several purposes such as fraud detection, risk management, and credit monitoring among others. The increasing use of electronic transactions has led to an increase in the usage of ID monitoring solutions across various industries. Moreover, government regulations have also forced organizations to implement these solutions for ensuring security and safety while conducting online business activities.
Application Insights:
The consumer application segment accounted for the largest market share in 2017 and is projected to expand at a steady CAGR over the forecast period. The growing global middle class coupled with easy access to credit facilities has resulted in an increased number of identity theft cases among consumers. Moreover, rising awareness about online transactions and increasing use of smartphones will drive growth over the coming years.
Enterprises application segment was estimated at USD 1,227.5 million in 2017 owing to high adoption of remote working practices across companies worldwide. Growing concerns regarding data security have led many organizations to adopt robust identity management solutions that include fraud detection systems and monitoring services for employees' credentials across various applications such as cloud computing, e-commerce & retail, government & public sector etcetera (Gardner et al., 2016). Increasing demand for robust authentication solutions from enterprises will fuel market growth over the coming years (Kumar et al., 2015).
Regional Analysis:
North America held the largest market share in 2017. The region is expected to continue its dominance over the forecast period as well, owing to factors such as high disposable income and a large number of identity theft cases. In addition, government initiatives promoting responsible use of credit cards are anticipated to drive regional growth. For instance, in June 2015, VISA launched a new campaign called Be Alert Before You Send in collaboration with Identity Theft 911 and U.S. Consumer Protection Bureau (CFPB).
Asia Pacific also holds considerable potential for growth due to increasing adoption by financial institutions for risk assessment purposes along with rising online transactions across various industries including BFSI.
Growth Factors:
- Increasing awareness about the risks of identity theft and data breaches among consumers.
- The increasing use of digital channels by consumers for shopping, banking, and other activities that can expose them to identity theft risks.
- The growing number of data breaches and the resulting exposure of consumer data to cybercriminals.
- The increasing sophistication of cybercriminals in carrying out identity theft attacks against consumers.
- The rising costs associated with recovering from an identity theft incident for consumers."
Scope Of The Report
Report Attributes
Report Details
Report Title
Identity Theft Protection & Credit Monitoring 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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Identity Theft Protection & Credit Monitoring Market Report Segments:
The global Identity Theft Protection & Credit Monitoring 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 Protection & Credit Monitoring 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 Protection & Credit Monitoring 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 credit monitoring is a service that helps protect your personal information by monitoring your credit report and identity theft activity. This service can help you identify potential threats to your personal information, and take steps to protect it.
Some of the major players in the identity theft protection & credit monitoring market are NortonLifeLock, Experian, Equifax, TransUnion, FICO, cxLoyalty, LexisNexis (RELX), Aura, Allstate, McAfee.
The identity theft protection & credit monitoring market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Identity Theft Protection & Credit Monitoring 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 & Credit Monitoring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Identity Theft Protection & Credit Monitoring 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 & Credit Monitoring 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 & Credit Monitoring Market Size & Forecast, 2018-2028
4.5.1 Identity Theft Protection & Credit Monitoring Market Size and Y-o-Y Growth
4.5.2 Identity Theft Protection & Credit Monitoring Market Absolute $ Opportunity
Chapter 5 Global Identity Theft Protection & Credit Monitoring 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 & Credit Monitoring 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 Protection & Credit Monitoring 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 & Credit Monitoring 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 & Credit Monitoring 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 & Credit Monitoring 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 & Credit Monitoring Analysis and Forecast
9.1 Introduction
9.2 North America Identity Theft Protection & Credit Monitoring 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 & Credit Monitoring 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 Protection & Credit Monitoring 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 & Credit Monitoring Analysis and Forecast
10.1 Introduction
10.2 Europe Identity Theft Protection & Credit Monitoring 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 & Credit Monitoring 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 Protection & Credit Monitoring 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 & Credit Monitoring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Identity Theft Protection & Credit Monitoring 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 & Credit Monitoring 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 Protection & Credit Monitoring 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 & Credit Monitoring Analysis and Forecast
12.1 Introduction
12.2 Latin America Identity Theft Protection & Credit Monitoring 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 & Credit Monitoring 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 Protection & Credit Monitoring 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 & Credit Monitoring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Identity Theft Protection & Credit Monitoring 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 & Credit Monitoring 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 Protection & Credit Monitoring 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 & Credit Monitoring Market: Competitive Dashboard
14.2 Global Identity Theft Protection & Credit Monitoring 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
