Global Identity Theft Protection Services Market By Identity Theft Type (Credit Card Fraud, Tax Related Fraud, and Others), By Application (Consumer and Enterprise), and By Region - Global Forecast to 2030

MarketResearch.biz announces publication of its most recently generated research report titled, “Global Identity Theft Protection Services Market by Identity Theft Type (Credit Card Fraud, Tax Related Fraud, Utility Fraud & Bank Fraud), By Application (Consumer & Enterprise) and by Region – Global Forecast to 2028”, which offers a holistic view of the global identity theft protection services market through systematic segmentation that covers every aspect of the target market.

The Global Identity Theft Protection Services Market is projected to be US$ 3,872.4 Mn in 2020 to reach US$ 8,538.8 Mn by 2028 at a CAGR of 10.3%.

The identity theft protection service monitors personal information in credit applications, public records, websites, vehicle license plates, etc., to prevent any unusual activity that may reveal signs of identity theft. Identity theft protection service is a preventive technology that protects bank details. It can detect signs of stolen data and help avoid damage caused by misuse of data. Generally, identity theft protection services include data monitoring, theft alert, data control and information recovery. The theft alert service will promptly notify any suspicious activity.

Global Identity Theft Protection Services Market Revenue (US$ Mn), 2020–2028

The increase in global digital payment and e-commerce transactions, coupled with related fraudulent activities, is expected to drive demand in the target market at an alarming rate during the forecast period. It is foreseeable that the increase in the penetration rate of Internet users will further promote the demand for the identity theft protection service market. Several governments issue electronic ID cards and necessity of security software and cybercrime preventive measures, due to such factors the market is likely to anticipate increased growth in the upcoming years.

Identity theft protection service provider does not insure consumer data from breaching, and consumers are not entitled to theft insurance, as these privacy issues may hinder the market growth.

Global identity theft protection services market is segmented based on identity theft type, application, and region. Based on identity theft type, the market is segmented into credit card fraud, tax related fraud, utility fraud & bank fraud. The credit card fraud segment accounts for the majority share and is expected to witness significant share in terms of revenue over the forecast period. Based on application, the market is segmented into consumer & enterprise. The enterprise segment accounts for significant revenue share whereas the consumer segment is projected to register significant CAGR in the next coming years.

Global Identity Theft Protection Services Market Attractiveness Analysis by Form, 2020–2028.

By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Based on region, North America estimated to account for major revenue share and is projected to dominate the global identity theft protection services market owing to.

The research report on the global identity theft protection services market includes profiles of some of the major companies such as Symantec Corporation (LifeLock, Inc.), Experian plc, Equifax Inc, TransUnion, Fair Isaac Corporation (FICO), Affinion Group Holdings, Inc, RELX PLC (LexisNexis), Intersections Inc, AllClear ID, Inc.

Segmentation of the Global Identity Theft Protection Services Market:

Segmentation by Identity Theft Type:

• Credit Card Fraud
• Tax Related Fraud
• Utility Fraud & Bank Fraud

Segmentation by Application:

• Consumer
• Enterprise
• Other End-Users

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA