Identity Theft Protection Services Market Report, By Development, Trends, Investigation 2019 and Forecast To 2025| LifeLock, Inc., Experian PLC, Equifax, Inc., TransUnion, LLC, FICO, LexisNexis Risk Solutions, Intersections, Inc., AllClear ID, Civic Technologies, Inc. and IdentityForce, Inc.
With stupendous rise in fraudulent transactions and growing burden of data breach, emergence of advanced solutions to avert such instances has demonstrated vigorous end-user adoption and is therefore anticipated to lend stupendous growth spurt in global identity theft protection services market in the coming years. These detailed market highlights have been extracted from Adroit Market Research’s (AMR) recent report offering under the title, ‘Global Identity Theft Protection Services Market by Theft Type and Application, Forecast 2018-25‘ included in its fast expanding online data archive.
Identity theft involves stealing personal information to impersonate a person’s identity. The stolen data may not only be used for personal gain but also be sold on the online black market, further creating sever damages. Identity theft includes hacking of wide array of information including social security identity, financial details, child identity, criminal identity, medical records and few others.
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Companies offering identity theft protection services focus on providing consumers with apt solutions such as credit monitoring, with other additional services to enable optimum protection from all possible sources. With ubiquity of smart gadgets and pervasive integration of affordable internet services, need for multifunctional identity theft protection services is poised to witness magnanimous rise. Additionally, a hyperactive social media presence is yet another notable growth propellant in global identity theft protection services market.
A standard identity theft protection service provider offers mainly triple layered services encompassing regular monitoring services of crucial information, timely and substantial alerts for potential theft instances and ample recovery scope. Growing awareness and sensitization episodes amongst consumers who are aware of such instances of identity theft have further expanded growth proportions in global identity theft protection services market.
Besides rendering standard theft protection services, various existing players and aspirational ones are rigorously diversifying their product portfolios with novel inclusions such as considerable legal guidance to offset such instances of identity theft. In recent years, service providers are investing extensively to offer advances solutions for child identity theft.
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Owing to multiple needs and stringent regulatory norms across public institutions such as educational institutions, it is in most cases mandatory to furnish personal information of children and students. Such voluminous data compilation and insufficient management has catapulted multiple cases of identity theft. On similar lines, service providers are specifically designing novel children specific identity theft protection services. Other variations of identity theft include financial and medical wherein the perpetrator gets hold of authentic consumer information to avail of huge financial gains and medical bills discounts.
Instances of data breach across hospitality sector is growing multifold on the back of advances in hacking technology that lead to catastrophic loss in terms of both financial as well as emotional trauma. Vital information such as passport information of various guests across several hotels are bound to incur enormous returns in global identity theft protection services market.
Amidst growing needs for advanced identity theft protection services, market players are constantly banking upon both organic as well as inorganic growth strategies such as M&A, geographical expansion to ensure sustainable revenue pools in global identity theft protection services market.
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Key segments of the global identity theft protection services market
Theft Type Overview, 2015-2025 (USD million)
- Bank Fraud
- Phone & Utility
- Employment & Tax
- Credit Card Fraud
Application Overview, 2015-2025 (USD million)
- Consumer Service
- Enterprise Service
Regional Overview, 2015-2025 (USD million)
- North America
- United Kingdom
- Asia Pacific
- Rest of the World
Some Major Points Of Table Of Contents
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Market Outlook
Chapter 4 Global Identity Theft Protection Services Market Overview, By Theft Type
Chapter 5 Global Identity Theft Protection Services Market Overview, By Application
Chapter 6 Global Identity Theft Protection Services Market Overview, By Region
Chapter 7 Competitive Landscape
Chapter 8 Company Profiles
What does the report include?
- The report focuses on identity theft protection services market, the types of identity theft occurs.
- The study on the global identity theft protection services market includes qualitative factors such as drivers, and restraints
- Additionally, list of number of breach records by country since 2013 are provided
- The study covers qualitative and quantitative analysis of the market segmented on the basis of theft type and application. Moreover, the study provides similar information for the key geographies
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence