openPR Logo
Press release

Identity Theft Insurance Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

03-13-2024 10:55 AM CET | Health & Medicine

Press release from: Orion Market Research

Identity Theft Insurance Market Size, Trends, Latest Insights,

The global identity theft insurance market is anticipated to grow at a considerable CAGR of 13.6% during the forecast period (2024-2031). The market is majorly driven by the increasing identity theft attacks on government agencies, non-profit organizations, and other institutes. According to the Federal Trade Commission (FTC), a total of 5.7 million fraud and identity theft were reported in 2021, of which 1.4 million were consumer identity theft cases, $2.8 billion of losses were from imposter, and $392.0 million were from consumer online shopping. Furthermore, fraud cases are up 70.0% in 2021 compared to 2020. Losses from identity theft cost $5.8 billion in 2021 in America. The other factors contributing to the market growth are an increase in the number of credit card users, rising digitalization in developing countries, and accelerating cybercrimes.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/identity-theft-insurance-market

The global identity theft insurance market is segmented based on type (into financial identity theft, tax and employment identity theft, medical identity theft, and others), application (into individuals and businesses), and regions (into North America, Europe, Asia Pacific and Rest of World).

Key Market Highlights

• The business sub-segment is growing during the forecast period, owing to the increasing credit card fraud by hackers and the rising online shopping accounts by various business enterprises. Additionally, the individual segment is growing accounting for an increase in the number of social media accounts, and the rising use of digital payment services.

A full report of Identity Theft Insurance Market available @ https://www.omrglobal.com/industry-reports/identity-theft-insurance-market

• The financial identity theft sub-segment is expected to grow due to the increasing number of online payment systems, rising credit card frauds globally, and the growing e-commerce sector.

• North America is expected to hold a prominent market share in the forecast period. The regional market is largely driven by the rise in the number of social media accounts and the increasing trend of digitalization.

The major players in the global identity theft insurance market include American International Group (AIG), Nationwide Mutual Insurance Co., Experian, Geico, and others. The market players are contributing significantly to the industry growth by the adoption of diverse business strategies. For instance, in September 2022, Aura announced new proactive capabilities that have been added to its platform to protect people from online theft and ensure threats are prevented before they impact finances, identities, or accounts. These features work together to secure potentially at-risk online accounts, protect online privacy while browsing, and prevent spam emails that clutter inboxes.

Related Report

https://www.somosxbox.com.mx/noticias-urgente/tamano-del-mercado-de-equipos-de-transmision-participacion-crecimiento-investigacion-y-pronostico-2022-2028/124401/

https://ekz-crosstour.ch/news/der-weltweite-markt-fuer-molekulare-point-of-care-diagnostik-soll-bis-2030-56-milliarden-us-dollar-erreichen/141338/

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Identity Theft Insurance Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031 here

News-ID: 3427198 • Views:

More Releases from Orion Market Research

AI-Enabled Imaging Modalities Market Rising Demand and Growth Forecast Through 2033
AI-Enabled Imaging Modalities Market Rising Demand and Growth Forecast Through 2 …
AI-enabled imaging modalities market was valued at approximately USD 1.36 billion, and it is projected to reach around USD 19.78 billion by 2033, reflecting a compound annual growth rate (CAGR) of about 34.67% from 2024 to 2033. AI-Enabled Imaging Modalities Market Overview The AI-enabled imaging modalities market is experiencing rapid growth, driven by advancements in artificial intelligence and machine learning technologies. These innovations are enhancing the capabilities of various imaging modalities, including
Tumor Tracking Systems Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Tumor Tracking Systems Market Size Analysis, Competitive Insights, Leading Playe …
Global tumor tracking systems market was valued at approximately USD 3.5 billion, and it is projected to reach around USD 6.6 billion by 2033, reflecting a compound annual growth rate (CAGR) of about 5% from 2024 to 2033. Tumor Tracking Systems Market Overview The tumor tracking systems market is experiencing steady growth, driven by the increasing incidence of cancer and advancements in imaging and tracking technologies. These systems improve the precision of
Tumor Tracking Systems Market Size Future Scope, Demands and Projected Industry Growths to 2033
Tumor Tracking Systems Market Size Future Scope, Demands and Projected Industry …
Tumor tracking systems market was valued at approximately USD 3.5 billion, and it is projected to reach around USD 6.6 billion by 2033, reflecting a compound annual growth rate (CAGR) of about 5% from 2024 to 2033. Tumor Tracking Systems Market Overview The tumor tracking systems market is experiencing steady growth, driven by the increasing prevalence of cancer and advancements in imaging technologies. These systems play a crucial role in enhancing the
SNP genotyping Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
SNP genotyping Market Size Analysis, Competitive Insights, Leading Players and G …
SNP genotyping market was valued at approximately USD 31.66 billion, and it is projected to reach around USD 238.25 billion by 2034, reflecting a compound annual growth rate (CAGR) of about 20.1% from 2024 to 2034. SNP genotyping Market Overview The SNP genotyping market is experiencing significant growth, driven by advancements in genotyping technologies, an increase in the prevalence of genetic disorders, and the expansion of pharmacogenomics and precision medicine initiatives. This

All 5 Releases


More Releases for Insurance

Renters Insurance Market Dazzling Worldwide with Major Giants Travelers Insuranc …
According to HTF Market Intelligence, the Global Renters Insurance market to witness a CAGR of xx% during the forecast period (2024-2030). The Latest research study released by HTF MI "Renters Insurance Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying
Renters Insurance Market to See Competition Rise | Travelers Insurance, Geico In …
HTF MI introduces new research on Renters Insurance covering the micro level of analysis by competitors and key business segments (2023-2029). The Renters Insurance explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled
Insurance Road Assistance Services Market Is Booming Worldwide | Travelers Insur …
Insurance Road Assistance Services Market: The extensive research on Insurance Road Assistance Services Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Insurance Road Assistance Services Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the
Agriculture Crop Insurance Market Type (MPCI Insurance, Hail Insurance, Livestoc …
Agriculture Crop Insurance market worldwide Agriculture is an important contributor to any economy. The extensive use of crops for direct human consumption and industrial processes has resulted in increasing the pressure on the existing supply demand gap. Increasing need for food security is expected to augment the demand for insurance policies. The two major risks in agricultural sector are price risk, caused due to volatility in prices in the market
Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market
Life Insurance Market in Kuwait By Warba Insurance Company, Al Ahleia Insurance …
GlobalData’s 'Life Insurance in Kuwait, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Kuwaiti life insurance segment, and a comparison of the Kuwaiti insurance industry with its regional counterparts. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021). The report also