Identity Theft Protection Services Market 2020 Technology Trend, Global Growth Analysis & Forecast 2025 | Life Lock, Inc., Experian PLC, Equifax, Inc., TransUnion, LLC, FICO (Fair Isaac Corporation), LexisNexis Risk Solutions, Inte

Global identity theft protection services market size is estimated to rise from USD 4.98 billion to USD 18.70 at a CAGR of 18%, over the forecast period. Increasing e-commerce segment, digitization of government records, and online payment has made data security and privacy more susceptible. Identity theft safety services market is vastly governed by the steadily growing occurrences of identity thefts across the globe. Likewise, growing preference towards online payment is another major factor contributing to the global identity theft protection services market growth. Owing to rising internet users along with huge adoption of digital payment services, the market would witness capable growth during the forecast period.

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The global identity theft protection services market is expected to reach USD 18.70 billion by 2025. Owing to increasing internet penetration and its associated malware and virus attacks by hackers. Other factors that are expected to boost the market demand for identity theft protection services are creating awareness among individuals and at business level, growing use of internet of things such as every device which are being used are connected to each other, and use of digital applications for payments and shopping purposes.

The Global Identity Theft Protection Service Market Size report provides a detailed analysis of the market including definition, application, industry chain structure, and classification. The report also focuses on global key leading industry vendors with information such as business profiles, product and specifications, market share, sales, and contact information. This report provides market development trends and different marketing channels are analyzed.

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The market is rising rapidly and with growth in technological advancements, M&A activities and competition in the business number of local and regional manufacturers are offering precise application products for wide-ranging end-users. This market is highly competitive due to players offering products and services superior comparable, or at lesser prices. Rapidly increasing online payment mode across the globe is one of the major factor driving the global identity theft protection services market. With booming e-commerce segment, the online payment has witnessed huge growth during the forecast period. Factors such as rising internet usage and e-commerce services driving the market growth.

In terms of geography, the United States market represents the maximum number of identity theft cases across the globe. Likewise, the Asia Pacific is set to record the highest global identity theft protection services market growth rate over the forecast period. Due to the rising adoption of online payment mode in the region. The huge growth of internet penetration in the Asia Pacific region, countries such as India, China, and Japan and India has also accompanied by substantial surges in identity theft.

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The global identity theft protection services market has been segmented on the basis of type, application, and region. In terms of type, the market is sub-segmented into phone & utility, bank fraud, credit card fraud, employment & tax, and others. Among these, the bank fraud segment was accounted US$ 856.7 million and it is expected to continue to grow at a highest CAGR during the forecast period. By application, this market categorized as enterprise service and consumer service. On the basis of region, the market is classified into Europe, North America, Asia Pacific, and Rest of the world.

The report classifies leading players such as Experian Plc., LifeLock, Inc., and Equifax, Inc. as leaders with advanced product portfolios and healthy revenue tracks. Companies such as FICO and Affinion Group are classified as challengers, who have the potential to grow their revenues with technically innovative strategies.

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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
Others

Application Overview, 2015-2025 (USD million)

Consumer Service
Enterprise Service

Regional Overview, 2015-2025 (USD million)

North America
US
Canada
Europe
Germany
United Kingdom
France
Asia Pacific
China
India
Australia
Rest of the World

Reasons for the study

The study assesses the dynamics and movement of the global identity theft protection services market across various geographies
While studying the identity theft protection services market, we observed that the demand for theft protection services was tremendous in developing countries
The market is consolidated and major players have their presence across the globe. The companies, as a strategic step planning to enter untapped market in the coming years

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

About Us :

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code?EUR" Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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