Global identity theft protection services market was valued at USD 4.98 billion in 2018 and is expected to grow exponentially over the forecast period. This growth can be attributed to growing digitalization, increasing use of social media, strong penetration of smart phones, implementing new standards, robust crime reporting system by governing bodies and creating awareness among individuals about identity theft.
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The ICT (Information and Communication Technology) industry has highly improved over the past few decades also because of the demand it carries. The integrated nature of ICT systems and devices, with modern dependence on the services and technologies make ICT sector a very important one from a global point of view. New technological transformations are called the forth digital revolution that has entered and affected every section of the ICT industry. The technologies that have been trending since past few years are internet of things, cloud technology, blockchain, 5G and artificial intelligence.
These technologies have covered and connected every aspect of our personal and professional life. The ICT industry has artificial intelligence, influence every technology indoor and outdoor, given a new definition to data storage and analysis and connected people across the globe through digitally advancing devices.
The research report on the Identity Theft Protection Services Market, is a comprehensive study of various factors of the Identity Theft Protection Services Market affecting the market. The report is based on in depth market study and analysis. It testifies the constant growth in the Identity Theft Protection Services Market, in spite of the fluctuations in growth and revenue.
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The Identity Theft Protection Services Market report closely focuses on the market trends, shares and patterns of revenue growth and the market value. It highlights the extensive research and findings based on it thorough analysis done by the researchers. The report covers important information about various manufacturers, research papers, vendors and many important facts and features. The report also focuses on detailed list of competitive analysis along with market strategies, growth pattern, revenue, sale and new initiatives by the competitors. One of the most important segment of the Identity Theft Protection Services Market report is the segmentation of the market that focusses on region and regional factors affecting the market.
The global identity theft protection services industry has a limited number of players. The major players in the market include Experian PLC, LifeLock, Inc., TransUnion, LLC, Equifax, Inc., LexisNexis Risk Solutions, FICO (Fair Isaac Corporation), AllClear ID, Intersections, Inc., IdentityForce, Inc. and Civic Technologies, Inc. As a strategic step these companies are acquiring and entering into partnerships with regional players to expand their presence in different geographies. For instance, In August 2018, EZShield acquired IdentityForce to expand EZShields identity protection ecosystem by nearly 50 percent, by providing partners in every industry, businesses of all sizes, and consumers with the most secure capabilities and rapid restoration services.
The report especially highlights the market type, end user applications, geographical presence, and other aspects important to study and analyze the market closely. It also gives lot of emphasis on the consumer behavior and preference part of the market. The important regional segments like study of regions like North America, Asia-Pacific and Europe, key players driving the market in that region and rules and norms made mandatory by the government are discussed in the segmentation part of the report. The report on Identity Theft Protection Services Market also speaks about and future growth prospects and business opportunities over the forecast period and corresponding growth driving factors. Segmentation helps marketers to understand the market dynamics better with thorough research reports.
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Key segments of the global Identity Theft Protection Services market
Theft Type Overview, 2015-2025 (USD million)
- Bank Fraud
- Phone & Utility
- Employment & Tax
- Credit Card Fraud
Application Overview, 2015-2025 (USD million)
- Consumer Service
- Enterprise Service
Regional Overview, 2015-2025 (USD million)
- North America
- United Kingdom
- Asia Pacific
- Rest of the World
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