Identity Theft Protection Services Market Report 2023-2032: Growth Insights, Market Demand, Size And Analysis | NortonLifeLock Inc., TransUnion LLC, Experian Information Solutions Inc., LexisNexis Risk Solutions, AllClearID Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Identity Theft Protection Services Global Market Report 2023 identifies increasing number of fraudulent activities as the major driver for the Identity Theft Protection Services market's growth in the forecast period. Fraud is defined as any conduct that uses deceit to obtain an advantage, and it becomes a crime when there is a knowing distortion of the truth or concealment of a substantial fact to convince someone to act to his or her harm. 

The global identity theft protection services market size is expected to grow from $10.70 billion in 2022 to $11.91 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global identity theft protection services market size is expected to grow to $18.28 billion in 2027 at a CAGR of 11.3%.

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Major competitors in the Identity Theft Protection Services market are NortonLifeLock Inc., TransUnion LLC, Experian Information Solutions Inc., LexisNexis Risk Solutions, AllClearID Inc.

A key trend in the Identity Theft Protection Services market includes Product innovation. Major companies operating in the identity theft protection services market are focused on developing innovative solutions to strengthen their position in the market. For instance, in July 2020, Equifax, a US-based credit bureau company, launched innovative credit monitoring and identity theft protection products, Equifax Credit Monitor and Equifax Complete, for monitoring credit reports and assisting in the prevention of identity theft. The software features surveillance, the ability to lock credit reports, and identity theft protection. The cost-effectiveness of this solution, which offers these unique sets of bundled capabilities at these bargain pricing points, is its distinctive attribute.

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The Identity Theft Protection Services market is segmented -

1. By Service: Monitoring Services, Credit Monitoring, Identity Monitoring, Identity Recovery And Theft Insurance Services
2. By Type: Credit Card Fraud, Employment And Tax Related Fraud, Phone Or Utility Fraud, Bank Fraud
3. By End-Use: Consumers, Enterprises
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Identity Theft Protection Services market.

The Business Research Company's "Global Identity Theft Protection Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Identity Theft Protection Services Market Include:

1. Executive Summary
2. Identity Theft Protection Services Market Characteristics
3. Identity Theft Protection Services Market Trends And Strategies
4. Identity Theft Protection Services Market - Macro Economic Scenario
5. Identity Theft Protection Services Market Size And Growth
……
26. Africa Identity Theft Protection Services Market
27. Identity Theft Protection Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Identity Theft Protection Services Market
29. Identity Theft Protection Services Market Future Outlook and Potential Analysis
30. Appendix

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