Identity Theft Protection Services Market

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 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.

Identity Theft Protection Services Market contains market size and forecasts of Identity Theft Protection Services in Global, including the following market information:

Global Identity Theft Protection Services Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Identity Theft Protection Services market was valued at 5923 million in 2021 and is projected to reach US$ 9267 million by 2028, at a CAGR of 6.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Credit Monitoring Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Identity Theft Protection Services include NortonLifeLock, Experian, Equifax, TransUnion, FICO, cxLoyalty, LexisNexis (RELX), Aura and Allstate and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Identity Theft Protection Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Identity Theft Protection Services Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Identity Theft Protection Services Market Segment Percentages, by Type, 2021 (%)

Credit Monitoring

ID Monitoring

Other Services

Global Identity Theft Protection Services Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Identity Theft Protection Services Market Segment Percentages, by Application, 2021 (%)

Consumer

Enterprise

Global Identity Theft Protection Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Identity Theft Protection Services Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Identity Theft Protection Services revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Identity Theft Protection Services revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

NortonLifeLock

Experian

Equifax

TransUnion

FICO

cxLoyalty

LexisNexis (RELX)

Aura

Allstate

McAfee