Identity Theft Protection Market Forecast (2025-2031)
The Identity Theft Protection Market is expected to register a CAGR of 12.5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Component [Solution, Services (Professional Services, Managed Services)]; Type (Credit Card Fraud, Employment and Tax Related Fraud, Phone and Utility Fraud, Bank Fraud, Others); End User (Individuals, Business). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Identity Theft Protection Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Identity Theft Protection Market Segmentation
Component- Solution
- Services
- Credit Card Fraud
- Employment and Tax Related Fraud
- Phone and Utility Fraud
- Bank Fraud
- Individuals
- Business
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Identity Theft Protection Market Growth Drivers- Increase in Cybercrime and Data Breach: As cybercrime and data breaches become more common and serious, consumers and companies are turning to identity theft protection services. High-profile breaches of personal and financial data have boosted awareness about the significance of protecting sensitive information, driving the market's growth.
- Rising Adoption of Digital Services: As services become more digitalized, such as online banking, e-commerce, and remote employment, individuals are more vulnerable to identity theft. As digital interactions grow, so does the demand for identity protection solutions to avoid fraud, financial loss, and unwanted access to personal information.
- Demand for Comprehensive Protection Packages: Beyond simple monitoring and notifications, more customers are looking for comprehensive identity theft protection services. These days, a lot of businesses sell all-inclusive packages that include dark web surveillance, fraud resolution support, credit monitoring, and even insurance to cover monetary losses brought on by identity theft.
- Subscription-Based and Affordable Pricing Models: The growing popularity of subscription-based pricing models is making identity theft protection more accessible to consumers. By offering affordable monthly or annual subscriptions, these services allow a broader range of individuals to access comprehensive identity protection tools without a significant upfront investment, expanding their customer base.
- Integration with AI and Machine Learning: Adding artificial intelligence (AI) and machine learning (ML) to identity theft protection services can improve threat detection and fraud prevention. These technologies may analyze patterns, detect anomalies, and issue real-time alerts, thereby increasing the overall effectiveness of security measures.
- Expansion in new economies: As internet penetration and digital usage increase in new economies, there is more room for identity theft protection services to thrive. Consumers in these regions are becoming more aware of the necessity of cybersecurity, resulting in increased demand for identity protection solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Identity Theft Protection Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Identity Theft Protection Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Increase in cybercrime and data breach and rising adoption of digital services are the major factors driving the identity theft protection market.
Demand for comprehensive protection packages is likely to remain a key trend in the market.
The Identity Theft Protection Market is estimated to witness a CAGR of 12.5% from 2023 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Identity Theft Protection Market - By Type
1.3.2Identity Theft Protection Market - By End-user
1.3.3Identity Theft Protection Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.IDENTITY THEFT PROTECTION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.IDENTITY THEFT PROTECTION MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.IDENTITY THEFT PROTECTION MARKET - GLOBAL MARKET ANALYSIS
6.1.IDENTITY THEFT PROTECTION - GLOBAL MARKET OVERVIEW
6.2.IDENTITY THEFT PROTECTION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.IDENTITY THEFT PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 â" TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.CREDIT CARD FRAUD
7.3.1.Overview
7.3.2.Credit Card Fraud Market Forecast and Analysis
7.4.EMPLOYMENT AND TAX RELATED FRAUD
7.4.1.Overview
7.4.2.Employment and Tax Related Fraud Market Forecast and Analysis
7.5.PHONE AND UTILITY FRAUD
7.5.1.Overview
7.5.2.Phone and Utility Fraud Market Forecast and Analysis
7.6.BANK FRAUD
7.6.1.Overview
7.6.2.Bank Fraud Market Forecast and Analysis
8.IDENTITY THEFT PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 â" END-USER
8.1.OVERVIEW
8.2.END-USER MARKET FORECASTS AND ANALYSIS
8.3.CONSUMER
8.3.1.Overview
8.3.2.Consumer Market Forecast and Analysis
8.4.ENTERPRISES
8.4.1.Overview
8.4.2.Enterprises Market Forecast and Analysis
9.IDENTITY THEFT PROTECTION MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Identity Theft Protection Market Overview
9.1.2North America Identity Theft Protection Market Forecasts and Analysis
9.1.3North America Identity Theft Protection Market Forecasts and Analysis - By Type
9.1.4North America Identity Theft Protection Market Forecasts and Analysis - By End-user
9.1.5North America Identity Theft Protection Market Forecasts and Analysis - By Countries
9.1.5.1United States Identity Theft Protection Market
9.1.5.1.1United States Identity Theft Protection Market by Type
9.1.5.1.2United States Identity Theft Protection Market by End-user
9.1.5.2Canada Identity Theft Protection Market
9.1.5.2.1Canada Identity Theft Protection Market by Type
9.1.5.2.2Canada Identity Theft Protection Market by End-user
9.1.5.3Mexico Identity Theft Protection Market
9.1.5.3.1Mexico Identity Theft Protection Market by Type
9.1.5.3.2Mexico Identity Theft Protection Market by End-user
9.2.EUROPE
9.2.1Europe Identity Theft Protection Market Overview
9.2.2Europe Identity Theft Protection Market Forecasts and Analysis
9.2.3Europe Identity Theft Protection Market Forecasts and Analysis - By Type
9.2.4Europe Identity Theft Protection Market Forecasts and Analysis - By End-user
9.2.5Europe Identity Theft Protection Market Forecasts and Analysis - By Countries
9.2.5.1Germany Identity Theft Protection Market
9.2.5.1.1Germany Identity Theft Protection Market by Type
9.2.5.1.2Germany Identity Theft Protection Market by End-user
9.2.5.2France Identity Theft Protection Market
9.2.5.2.1France Identity Theft Protection Market by Type
9.2.5.2.2France Identity Theft Protection Market by End-user
9.2.5.3Italy Identity Theft Protection Market
9.2.5.3.1Italy Identity Theft Protection Market by Type
9.2.5.3.2Italy Identity Theft Protection Market by End-user
9.2.5.4United Kingdom Identity Theft Protection Market
9.2.5.4.1United Kingdom Identity Theft Protection Market by Type
9.2.5.4.2United Kingdom Identity Theft Protection Market by End-user
9.2.5.5Russia Identity Theft Protection Market
9.2.5.5.1Russia Identity Theft Protection Market by Type
9.2.5.5.2Russia Identity Theft Protection Market by End-user
9.2.5.6Rest of Europe Identity Theft Protection Market
9.2.5.6.1Rest of Europe Identity Theft Protection Market by Type
9.2.5.6.2Rest of Europe Identity Theft Protection Market by End-user
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Identity Theft Protection Market Overview
9.3.2Asia-Pacific Identity Theft Protection Market Forecasts and Analysis
9.3.3Asia-Pacific Identity Theft Protection Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Identity Theft Protection Market Forecasts and Analysis - By End-user
9.3.5Asia-Pacific Identity Theft Protection Market Forecasts and Analysis - By Countries
9.3.5.1Australia Identity Theft Protection Market
9.3.5.1.1Australia Identity Theft Protection Market by Type
9.3.5.1.2Australia Identity Theft Protection Market by End-user
9.3.5.2China Identity Theft Protection Market
9.3.5.2.1China Identity Theft Protection Market by Type
9.3.5.2.2China Identity Theft Protection Market by End-user
9.3.5.3India Identity Theft Protection Market
9.3.5.3.1India Identity Theft Protection Market by Type
9.3.5.3.2India Identity Theft Protection Market by End-user
9.3.5.4Japan Identity Theft Protection Market
9.3.5.4.1Japan Identity Theft Protection Market by Type
9.3.5.4.2Japan Identity Theft Protection Market by End-user
9.3.5.5South Korea Identity Theft Protection Market
9.3.5.5.1South Korea Identity Theft Protection Market by Type
9.3.5.5.2South Korea Identity Theft Protection Market by End-user
9.3.5.6Rest of Asia-Pacific Identity Theft Protection Market
9.3.5.6.1Rest of Asia-Pacific Identity Theft Protection Market by Type
9.3.5.6.2Rest of Asia-Pacific Identity Theft Protection Market by End-user
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Identity Theft Protection Market Overview
9.4.2Middle East and Africa Identity Theft Protection Market Forecasts and Analysis
9.4.3Middle East and Africa Identity Theft Protection Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Identity Theft Protection Market Forecasts and Analysis - By End-user
9.4.5Middle East and Africa Identity Theft Protection Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Identity Theft Protection Market
9.4.5.1.1South Africa Identity Theft Protection Market by Type
9.4.5.1.2South Africa Identity Theft Protection Market by End-user
9.4.5.2Saudi Arabia Identity Theft Protection Market
9.4.5.2.1Saudi Arabia Identity Theft Protection Market by Type
9.4.5.2.2Saudi Arabia Identity Theft Protection Market by End-user
9.4.5.3U.A.E Identity Theft Protection Market
9.4.5.3.1U.A.E Identity Theft Protection Market by Type
9.4.5.3.2U.A.E Identity Theft Protection Market by End-user
9.4.5.4Rest of Middle East and Africa Identity Theft Protection Market
9.4.5.4.1Rest of Middle East and Africa Identity Theft Protection Market by Type
9.4.5.4.2Rest of Middle East and Africa Identity Theft Protection Market by End-user
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Identity Theft Protection Market Overview
9.5.2South and Central America Identity Theft Protection Market Forecasts and Analysis
9.5.3South and Central America Identity Theft Protection Market Forecasts and Analysis - By Type
9.5.4South and Central America Identity Theft Protection Market Forecasts and Analysis - By End-user
9.5.5South and Central America Identity Theft Protection Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Identity Theft Protection Market
9.5.5.1.1Brazil Identity Theft Protection Market by Type
9.5.5.1.2Brazil Identity Theft Protection Market by End-user
9.5.5.2Argentina Identity Theft Protection Market
9.5.5.2.1Argentina Identity Theft Protection Market by Type
9.5.5.2.2Argentina Identity Theft Protection Market by End-user
9.5.5.3Rest of South and Central America Identity Theft Protection Market
9.5.5.3.1Rest of South and Central America Identity Theft Protection Market by Type
9.5.5.3.2Rest of South and Central America Identity Theft Protection Market by End-user
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.IDENTITY THEFT PROTECTION MARKET, KEY COMPANY PROFILES
11.1.ALLCLEAR ID
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ALLSTATE CORPORATION
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.EQUIFAX, INC.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.EXPERIAN
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.ID WATCHDOG
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.IDENTITY GUARD
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.IDENTITYFORCE, INC.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.MCAFEE, LLC
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.NORTONLIFELOCK INC.
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.TRANSUNION LLC
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. AllClear ID
2. Allstate Corporation
3. Equifax, Inc.
4. Experian
5. ID Watchdog
6. Identity Guard
7. IdentityForce, Inc.
8. McAfee, LLC
9. NortonLifeLock Inc.
10. TransUnion LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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