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Global Industry Analysis, Market Size, Key Players and Forecast to 2026 – Newszak

New IdentityTheft Scam

The latest market report on Identity Theft Protection Services published by Credence Research, Inc. is projected to reach US$ 21.23 Bn by 2026 at a CAGR of 14.2% over the forecast period from 2018 to 2026.

The Identity Theft Protection Services market report provides separate complete analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2018 through 2026. Market data and analytics are derived from primary and secondary research.

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Market Insights:

Identity theft involves stealing personal information to impersonate a person’s identity. The stolen data may not only be used for personal gain but also be sold on the online black market, further creating sever damages. Identity theft includes hacking of wide array of information including social security identity, financial details, child identity, criminal identity, medical records and few others. Such identity theft results into severe financial as well as personal damage making it one of the most serious concerns faced by consumers as well as enterprises worldwide. This is primarily supported due to rapidly increasing amount of public records (such as financial information) being exposed over the internet. In the U.S., identity theft has emerged as the fastest growing crime over the period. Subsequently, identity theft protection services is expected to continue witnessing promising growth over the forecast period.

The overall identity theft protection services market is highly driven by the continually growing instances of identity theft across the world. On an average, business enterprises worldwide bear a loss of over US$ 200 Bn every year due to identity theft. On the other hand, consumers lose more than US$ 16 Bn due to identity theft every year. Consistently growing number of identity theft instances can be attributed to the rapidly growing penetration of internet services worldwide. Wide array of public records including motor vehicle records, professional & business licenses, court files, property details and several others are posted on government websites, making them more vulnerable to data breach. Due to growing emphasis by the national governments worldwide towards electronic IDs, instances of identity theft and data breach may rise at an alarming rate over the following years. This is further expected to generate substantial demand for related identity theft protection services in the years to come.

In addition, vital factor driving identity theft protection services market is continually growing online payment mode worldwide along with associated frauds. With flourishing e-commerce sector, online payment has witnessed widespread growth over the period. Online payment constitute nearly 2/3rd of the total payment made in e-commerce transactions. Of the total online payment frauds, over 60% of the total instances are channeled through e-commerce transactions. Due to factors such as growing internet user penetration and adoption of e-commerce services, identity theft from the sector is expected to continue rising, thereby driving the market growth.

Strategic partnerships and alliances is one of the common strategy adopted by identity theft protection services providers. Private and public organizations are forming alliances with other companies to strengthen its market presence. For instance, recently in May 2018, Experian PLC entered into a partnership with a non-profitable organization, Small Business Financial Exchange, Inc. (SBFE). The company aimed to capitalize over the growing sector of small and medium scale business division with this partnership.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology including extensive secondary research, accurate primary interviews with industry stakeholders and validation and triangulation with Research’s internal database and statistical tools. More than 2,000 authenticated secondary sources, such as company’s annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts have been executed to obtain both the qualitative and quantitative insights.

Research Coverage:

The report defines, describes, and forecasts the global Identity Theft Protection Services market by type, application, gas, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also includes various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market surveys in terms of value, and future trends in the Identity Theft Protection Services market.

Report Features:

This report presents market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Identity Theft Protection Services Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Identity Theft Protection Services Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Identity Theft Protection Services Market trend and forecast analysis
  • Identity Theft Protection Services Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Identity Theft Protection Services market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

Why buy this report?

  1. The report identifies and addresses key markets for Identity Theft Protection Services, which would help manufacturers review the growth in demand.
  2. The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.
  3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Browse Here for Full Report with ToC:

Sample in PDF:

About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Contact Us:
Credence Research Inc.
105 N 1st ST #429
CA 95103
United States
Toll Free (US/CANADA): +1-800-361-8290

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Source: on 2018-07-30 02:11:15

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