Global Identity Theft Protection Services Market Snapshot

The global identity theft protection services market is estimated at USD 10 Billion in 2022 and is forecast to surpass USD 24 Billion by 2032, growing at a CAGR of 9.4% during 2022-2032.

The global identity theft protection services market accounts for ~5% of the global cybersecurity market in 2022. The global identity theft protection services market is estimated to have an absolute $ opportunity of USD 14 Billion during the assessment period of 2022-2032.

Identity theft technology is escalating at a rapid pace for preventing financial losses to individuals and business enterprises. Multiple factors such as digitization of government records, the rising trend towards online payment, growing e-commerce sector have made security and privacy more vulnerable which further drives growth of this market.

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Key findings of the Identity Theft Protection Services market study:

·         Regional breakdown of the Identity Theft Protection Services market based on predefined taxonomy.

·         Innovative manufacturing processes implemented by Identity Theft Protection Services vendors in detail.

·         Region-wise and country-wise fragmentation of the Identity Theft Protection Services market to grasp the revenue, and growth outlook in these areas.

·         Changing preferences among consumers across various regions and countries.

·         Factors (Positive and Negative) impacting the growth of the global Identity Theft Protection Services market.

Competitive Landscape: Top Companies in Identity Theft Protection Services Market:

The global identity theft protection services market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced identity theft protection services.

For instance:

1. Sontiq, an identity security service provider in 2020 partnered with Breach Clarity, a Fintech provider to provide services against data breaches and identity vulnerabilities with unprecedented personalized breach risk intelligence.
2. An insurance and financial services company, Nationwide, partnered with Generali Global Assistance in 2020 to offer personal cyber protection services under Theft Protection Program. It will help protect nationwide users from cybersecurity attacks and threats.
3. Connecticut’s largest business organization, CBIA partnered with defend-id, Inc. in 2020, to deliver identity theft and recovery protection solutions to small businesses.

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 Queries addressed in the Identity Theft Protection Services market report:

·         Why are the Identity Theft Protection Services market players targeting region for increased product sales?

·         What patented technologies are the players utilizing in the global Identity Theft Protection Services market?

·         Which regions are displaying the fastest growth in the Identity Theft Protection Services market?

·         What are the underlying micro- macroeconomic factors affecting the global Identity Theft Protection Services market?

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