Identity Theft Protection Service Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[162+ Pages Report] According to the report published by Facts Factors, the global identity theft protection service market size was worth around USD 5879.6 million in 2019 and is predicted to grow to around USD 9565.6 million by 2026 with a compound annual growth rate (CAGR) of roughly 5.8% between 2020 and 2026. The report analyzes the global identity theft protection service market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the identity theft protection service market.

The identity theft protection service market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire identity theft protection service market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, the global identity theft protection services market is set to grow annually at a rate of around 5.8%
• It was established through primary research that the identity theft protection services market was valued at around USD 5879.6 Million in 2019.
• North America is dominating the market in 2019, as it is a digitally advanced region
• On basis of theft type segment, ‘credit card fraud’ dominated the global identity theft protection services market in 2019
• Based on applications, the global identity theft protection services market was led by a ‘consumer’ in 2019.

Key Recommendations from Analysts

• As per our analysts, the global identity theft protection services market is expected to grow significantly over the forecast period and is expected to reach around USD 9565.6 Million by 2026.
• As per analysts, the rise in digitization and increasing technological developments in the APAC region will boost the sales of identity theft protection services.
• As per our analysts, the rising adoption of internet-based online transactions has raised the global identity theft protection services market.
• As per our analysts, bank fraud is anticipated to be the fastest-growing market.
• As per analysts, that rise in e-commerce sector had fueled the identity theft protection services market growth in upcoming years

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the identity theft protection service industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the identity theft protection service industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the identity theft protection service market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the identity theft protection service industry. The identity theft protection service market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market positions in the Identity Theft Protection Service sector. Key strategic developments in the identity theft protection service market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the identity theft protection service market are appropriately highlighted in the report.

The growing use of mobile devices such as smartphones, notebooks, and laptops due to increasing internet penetration has led customers to embrace digital banking. Thereby, consumers and enterprises both prefer online transactions owing to their process efficiency. As a result, increasing online financial transactions coupled with the fraud activities associated is majorly influencing global identity theft protection services.

The growing digitization trend has led the e-commerce sector to flourish in recent years. It has significantly influenced online sales. Thereby, growing online payment has witnessed prevalent growth over the period and financial fraud has grown substantially. Hence, it has been anticipated that the market will grow exponentially in near future.

The identity theft protection service market research report delivers an acute valuation and taxonomy of the identity theft protection service industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the identity theft protection service industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the identity theft protection service industry is provided for the leading economies of the world.

The identity theft protection services market is segmented based on theft type and application. The theft type segment has been bifurcated into bank fraud, phone and utility, employment and tax, credit card fraud, and others. The application segment has been classified into consumer and enterprise services.

Some of the essential market players operating in the identity theft protection service market:

• Europ Assistance USA Inc.
• Experian Information Solutions Inc.
• ID Watchdog
• IDENTITY FRAUD INC.
• IdentityForce Inc.
• IdentityIQ
• Symantec Corporation
• TransUnion LLC
• LifeLock Inc.
• Equifax Inc.
• Trilegiant Corporation
• LexisNexis Risk Solutions Inc. 

The taxonomy of the identity theft protection service industry by its scope and segmentation is as follows:

By Theft Type Segmentation Analysis

• Bank Fraud
• Phone and Utility
• Employment and Tax
• Credit Card Fraud
• Others

By Application Segmentation Analysis

• Consumer
• Enterprise

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa