Identity Theft Protection Services Market Set to Surge - Key Insights You Must Know

Identity Theft Protection Services- Market Size

The global market for Identity Theft Protection Services was estimated to be worth US$ 7427 million in 2024 and is forecast to a readjusted size of US$ 11990 million by 2031 with a CAGR of 7.2% during the forecast period 2025-2031.

Identity theft is a crime, a type of fraud in which an imposter steals individual information of another person (or a company) and uses it by pretending to be someone else in order to gain some benefit (e.g. money or goods). An identity theft can cause a victim both a financial and emotional damage and also a waste of time and energy needed to avoid consequences of the fraud.

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The identity theft can also affect companies, causing not only economic but also reputational damages (e.g. the imposter offers lower quality services compared to the ones offered by the original company). Moreover, the companies are supposed to protect beyond themself, also their employees, clients and suppliers, and so they are responsible to damages caused to the third parties in a case of bad handling of their sensible data. Depending on a different country the fine for not proper handling such data could be very high. Therefore, in order to prevent that risk, the most important practices are the training of the employees about the risks and manners in which identity theft can be performed, and the countermeasures to adopt. Also it is advisable to have a good information system provided with adequate security and constantly updated.

Identities are more valuable than ever. Identity theft protection helps protect potential victims of identity theft. Companies typically offer four different services: credit monitoring, expert support, insurance, and information surveillance via internet and public sources. Through these, companies are can detect identity theft, and mitigate the damage thereof.

Global key players of Identity Theft Protection Services include NortonLifeLock, Experian, Equifax, TransUnion, FICO, etc. Global top five manufacturers hold a share over 53%. North America and Europe is the two largest market of identity theft & fraud protectio. In terms of product, credit monitoring is the largest segment, with a share over 53%, followed by physical card. And in terms of application, the largest users is consumer, with a share over 89%.

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This report aims to provide a comprehensive presentation of the global market for Identity Theft Protection Services, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Identity Theft Protection Services by region & country, by Type, and by Application.

The Identity Theft Protection Services market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Identity Theft Protection Services.

By Type
• Credit Monitoring
• ID Monitoring
• Other Services

By Application
• Consumer
• Enterprise

Key Companies
NortonLifeLock, Experian, Equifax, TransUnion, FICO, cxLoyalty, LexisNexis (RELX), Aura, Allstate, McAfee

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This release was published on openPR.