Pune, Feb. 14, 2022 (GLOBE NEWSWIRE) — Identity Theft Protection Services Market report delivers a complete overview of key components like drivers, limitations, historic and current trends, technical development, and future growth. Research report contains company analysis, size, share, revenue and sales of the company, current advancements. Identity Theft Protection Services market analysis also focuses on the global key top industry players in the market, with details such as company profiles, capacity, production, price, cost, revenue.
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.
The global Identity Theft Protection Services market size is projected to reach USD 9233.6 million by 2028, from USD 5756.4 million in 2021, at a CAGR of 6.9% during 2022-2028.
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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.
The top players are concentrating mostly on technical developments in order to increase efficiency. The long-term growth patterns for this market can be taken by continuing the current development progresses and financial strength to participate in the best strategies.
The Major Players in the Identity Theft Protection Services Market Are:
- LexisNexis (RELX)
The industry is relatively fragment, the key brand include NortonLifeLock, Experian, Equifax, TransUnion, FICO, cxLoyalty, LexisNexis (RELX), Aura, Allstate, McAfee and son on. The top five players account for more than half of global share.
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Segment by Type
- Credit Monitoring
- ID Monitoring
- Other Services
Segment by Application
Identity Theft Protection Services market reports offers key study on the market position of the Identity Theft Protection Services manufacturers with facts and figures, definition, expert opinions and the latest expansions through the globe. The report also calculates the market size, sales, price, revenue, gross margin and market share, cost structure and growth rate.
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
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Detailed TOC of Global Identity Theft Protection Services Market 2028:
1 Report Business Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.3 Market by Application
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Identity Theft Protection Services Market Perspective (2017-2028)
2.2 Identity Theft Protection Services Growth Trends by Region
2.3 Identity Theft Protection Services Market Dynamics
3 Competition Landscape by Key Players
3.1 Global Top Identity Theft Protection Services Players by Revenue
3.2 Global Identity Theft Protection Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Identity Theft Protection Services Revenue
3.4 Global Identity Theft Protection Services Market Concentration Ratio
3.5 Identity Theft Protection Services Key Players Head office and Area Served
3.6 Key Players Identity Theft Protection Services Product Solution and Service
3.7 Date of Enter into Identity Theft Protection Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Identity Theft Protection Services Breakdown Data by Type
4.1 Global Identity Theft Protection Services Historic Market Size by Type (2017-2022)
4.2 Global Identity Theft Protection Services Forecasted Market Size by Type (2023-2028)
5 Identity Theft Protection Services Breakdown Data by Application
5.1 Global Identity Theft Protection Services Historic Market Size by Application (2017-2022)
5.2 Global Identity Theft Protection Services Forecasted Market Size by Application (2023-2028)
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