Menu ×

IT & TELECOM

United States and United Kingdom Identity Theft Protection Services Market Segmentation by Theft Type (Criminal, Financial, Governmental, and Employment Identity Thefts, Credit Card Fraud, and Others); by Services (Monitoring Services, and Identity Recovery & Theft Insurance Services); by End User (Individual, and Enterprise) – Demand Analysis & Opportunity Outlook 2019-2028

  • Text Size:

Extensive insights into the Growth of United States and United Kingdom Identity Theft Protection Services Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

IN THE NEWS

  • July 16, 2020: Equifax, Inc. announced that it has launched two products called Equifax Credit Monitor and Equifax Complete, that offers its consumers credit report lock capabilities and identity theft protection features.
  • May 19, 2020: NortonLifeLock Inc., in association with TELUS announced the launch of TELUS Online Security in Canada to allow the citizens to protect their devices, identity and data from cybercriminals.

United States and United Kingdom Identity Theft Protection Services Market Highlights Over 2019 - 2028

The United States identity theft protection services market is estimated to garner a revenue of USD 5345.34 Million by the end of 2028 from USD 2203.51 Million in 2019 by growing at a CAGR of 10.81% over the forecast period, i.e., 2020 – 2028. The growth of the market can be attributed to the increasing use of electronic IDs, increasing reliance on internet-based financial transactions, along with the rising number of identity thefts across the country. According to the statistics by the Federal Trade Commission (FTC), in the year 2020, more than 2.1 Million fraud reports were reported from consumers. Moreover, fraud worth USD 3.3 Billion were reported as losses borne by consumers in the year 2020, a value which was up from USD 1.8 Billion in 2019. The United Kingdom identity theft protection services market, on the other hand, registered a value of USD 304.93 Million in 2019, and is further anticipated to reach USD 1060.07 Million by the end of 2028 by growing at a CAGR of 14.96% during the forecast period. Increasing number of phishing activities in the region, along with the growing concern for data breaches in UK is anticipated to drive the market growth in the coming years.

United-States-and-United-Kingdom-Identity-Theft-Protection-Services-Market

United States Identity Theft Protection Services Market Regional Synopsis

Regionally, the United States identity theft protection services market is segmented into five major regions including West U.S., Northeast U.S., Southeast U.S., Southwest U.S., and Midwest U.S. region. The market in the Southeast U.S. region is anticipated to hold the largest market share throughout the forecast period and further reach a value of USD 1545.34 Million by the end of 2028. The growth of the market in the region can be attributed to the growing awareness amongst individuals for identity theft protection services, along with increasing requirement for such services in several states in the region, such as Tennessee, Florida, Virginia, and others, as these states reported a large number of identity theft cases. In other statistics by the FTC, the number of identity thefts reported in Florida, Georgia, Tennessee, South Carolina, and Virginia in the year 2020 was 101368, 69487, 19180, 19192, and 15632 respectively. CLICK TO DOWNLOAD SAMPLE REPORT

Number-of-Reported-Identity-Thefts

Growth Drivers and Challenges Impacting the Growth of the United States and United Kingdom Identity Theft Protection Services Market

Growth Drivers

  • Increasing Incidents of Identity Thefts and Cyber-Crimes
  • Growing Awareness Amongst Individuals for Identity Theft Protection Services

Challenges

  • Availability of Low-Cost Alternatives

United States and United Kingdom Identity Theft Protection Services Market Segmentation Synopsis

The U.S. and UK identity theft protection services market is segmented by theft type into criminal, financial, governmental, and employment identity thefts, credit card fraud, and others. In the U.S., the credit card fraud segment is projected to grab the largest market share throughout the forecast period and further reach a value of USD 1938.11 Million by the end of 2028. The segment is also anticipated to grow with the highest CAGR of 11.59% during the forecast period. In the UK, the credit card fraud segment is anticipated to register the largest market value of USD 294.81 Million by the end of 2028 by growing at a CAGR of 16.65% during the forecast period. Credit card fraud is one of the most common forms of fraud across the U.S. and UK regions. In other statistics by the FTC, credit card fraud reports in the United States was 393,207 in the year 2020. Based on services, the market is segmented into monitoring services and identity theft recovery & theft insurance services. In the U.S., the monitoring services segment is projected to grow with the highest CAGR of 10.87% during the forecast period, whereas, in the UK, the segment is projected to grow with the highest CAGR of 15.35% during the forecast period. Based on end-user, the market is segmented into individual and enterprise, out of which, the individual segment in the U.S. is anticipated to grow with the highest CAGR of 11.10% during the forecast period. Moreover, the individual segment in the UK is anticipated to grow with the highest CAGR of 15.09% during the forecast period.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the United States and United Kingdom identity theft protection services market that are included in our report are Experian Information Solutions, Inc., Equifax, Inc., NortonLifeLock Inc., LexisNexis Risk Solutions Group, IdentityForce, Inc., AllClear ID, Identity Intelligence Group LLC, ADT Inc., Fair Isaac Corporation, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

 

  1. Introduction and Research Objective
    1. Market Definition
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Research Process
    2. Secondary Research
    3. Primary Research
    4. Market Size Estimation
  3. Executive Summary – US & UK Identity Theft Protection Services Market
  4. Analysis of Market Dynamics
    1. Drivers
    2. Restraints/Challenges
    3. Trends
    4. Opportunities
  5. Assessment of Major Identity Theft Monitoring Tools
    1. Solar Winds Identity Monitor
    2. IdentityForce, Inc.
    3. Identity Intelligence Group LLC
    4. Intelius Identity Protect
    5. Life lock
  6. Assessment of Identity & Theft Monitoring Services
    1. Professional Identity Monitoring
    2. DIY Identity Monitoring
  7. Assessment of Various Features Associated with Identity Theft Protection Services
    1. Tri-Bureau Credit Monitoring
    2. Dark Web Monitoring
    3. Insurance Coverage
    4. Restoration Services
    5. Bank Account Monitoring
  8. Assessment of Growing Incidence of Identity Theft
  9. Analysis on Common Types of ID Theft in the United States, 2019
  10. Consumer Analysis, 2019
  11. Impact of COVID-19 on the United States Identity Theft Protection Services Market
    1. Impact on the Market Strategy
    2. Impact on the Service Providers
    3. Impact on the End-Use Industry
    4. Impact on the Key Market Players
    5. Impact on the Overall Price Trend
    6. Market Impact Analysis in 2020 (Quarter Wise) w.r.t Covid-19 Pandemic (USD million)
  12. Assessment of Leading Companies- United States Identity Theft Protection Services Market
  13. United States Identity Theft Protection Services Market Outlook
    1. Market Size and forecast, 2019-2028F
      1. By Value (USD Million)
    2. US Identity Theft Protection Services Market Segmentation, 2019-2028F
      1. By Theft Type
        1. Criminal Identity Theft, 2019-2028F (USD Million)
        2. Financial Identity Theft, 2019-2028F (USD Million)
        3. Credit Card Fraud, 2019-2028F (USD Million)
        4. Government Identity Theft, 2019-2028F (USD Million)
        5. Employment Identity Theft, 2019-2028F (USD Million)
        6. Other Types, 2019-2028F (USD Million)
      2. By Services
        1. Monitoring Services, 2019-2028F (USD Million)
        2. Credit Monitoring, 2019-2028F (USD Million)
        3. Identity Monitoring, 2019-2028F (USD Million)
        4. Identity Recovery & Theft Insurance Services, 2019-2028F (USD Million)
      3. By End-User
        1. Individual, 2019-2028F (USD Million)
        2. Enterprises, 2019-2028F (USD Million)
      4. By Region
        1. West US, 2019-2028F (USD Million)
        2. Northeast US, 2019-2028F (USD Million)
        3. Southeast US, 2019-2028F (USD Million)
        4. Southwest US, 2019-2028F (USD Million)
        5. Midwest US, 2019-2028F (USD Million)
  14. West US Identity Theft Protection Services Market Outlook
    1. Market Overview
    2. Market Size, 2019-2028F (USD Million)
    3. Market Segmentation
      1. By Theft Type
        1. Criminal Identity Theft, 2019-2028F (USD Million)
        2. Financial Identity Theft, 2019-2028F (USD Million)
        3. Credit Card Fraud, 2019-2028F (USD Million)
        4. Government Identity Theft, 2019-2028F (USD Million)
        5. Employment Identity Theft, 2019-2028F (USD Million)
        6. Other Types, 2019-2028F (USD Million)
      2. By Services
        1. Monitoring Services, 2019-2028F (USD Million)
        2. Credit Monitoring, 2019-2028F (USD Million)
        3. Identity Monitoring, 2019-2028F (USD Million)
        4. Identity Recovery & Theft Insurance Services, 2019-2028F (USD Million)
      3. By End-User
        1. Individual, 2019-2028F (USD Million)
        2. Enterprises, 2019-2028F (USD Million)
  15. Northeast US Identity Theft Protection Services Market Outlook
    1. Market Overview
    2. Market Size, 2019-2028F (USD Million)
    3. Market Segmentation
      1. By Theft Type
        1. Criminal Identity Theft, 2019-2028F (USD Million)
        2. Financial Identity Theft, 2019-2028F (USD Million)
        3. Credit Card Fraud, 2019-2028F (USD Million)
        4. Government Identity Theft, 2019-2028F (USD Million)
        5. Employment Identity Theft, 2019-2028F (USD Million)
        6. Other Types, 2019-2028F (USD Million)
      2. By Services
        1. Monitoring Services, 2019-2028F (USD Million)
        2. Credit Monitoring, 2019-2028F (USD Million)
        3. Identity Monitoring, 2019-2028F (USD Million)
        4. Identity Recovery & Theft Insurance Services, 2019-2028F (USD Million)
      3. By End-User
        1. Individual, 2019-2028F (USD Million)
        2. Enterprises, 2019-2028F (USD Million)
  16. Southeast US Identity Theft Protection Services Market Outlook
    1. Market Overview
    2. Market Size, 2019-2028F (USD Million)
    3. Market Segmentation
      1. By Theft Type
        1. Criminal Identity Theft, 2019-2028F (USD Million)
        2. Financial Identity Theft, 2019-2028F (USD Million)
        3. Credit Card Fraud, 2019-2028F (USD Million)
        4. Government Identity Theft, 2019-2028F (USD Million)
        5. Employment Identity Theft, 2019-2028F (USD Million)
        6. Other Types, 2019-2028F (USD Million)
      2. By Services
        1. Monitoring Services, 2019-2028F (USD Million)
        2. Credit Monitoring, 2019-2028F (USD Million)
        3. Identity Monitoring, 2019-2028F (USD Million)
        4. Identity Recovery & Theft Insurance Services, 2019-2028F (USD Million)
      3. By End-User
        1. Individual, 2019-2028F (USD Million)
        2. Enterprises, 2019-2028F (USD Million)
  17. Southwest US Identity Theft Protection Services Market Outlook
    1. Market Overview
    2. Market Size, 2019-2028F (USD Million)
    3. Market Segmentation
      1. By Theft Type
        1. Criminal Identity Theft, 2019-2028F (USD Million)
        2. Financial Identity Theft, 2019-2028F (USD Million)
        3. Credit Card Fraud, 2019-2028F (USD Million)
        4. Government Identity Theft, 2019-2028F (USD Million)
        5. Employment Identity Theft, 2019-2028F (USD Million)
        6. Other Types, 2019-2028F (USD Million)
      2. By Services
        1. Monitoring Services, 2019-2028F (USD Million)
        2. Credit Monitoring, 2019-2028F (USD Million)
        3. Identity Monitoring, 2019-2028F (USD Million)
        4. Identity Recovery & Theft Insurance Services, 2019-2028F (USD Million)
      3. By End-User
        1. Individual, 2019-2028F (USD Million)
        2. Enterprises, 2019-2028F (USD Million)
  18. Midwest US Identity Theft Protection Services Market Outlook
    1. Market Overview
    2. Market Size, 2019-2028F (USD Million)
    3. Market Segmentation
      1. By Theft Type
        1. Criminal Identity Theft, 2019-2028F (USD Million)
        2. Financial Identity Theft, 2019-2028F (USD Million)
        3. Credit Card Fraud, 2019-2028F (USD Million)
        4. Government Identity Theft, 2019-2028F (USD Million)
        5. Employment Identity Theft, 2019-2028F (USD Million)
        6. Other Types, 2019-2028F (USD Million)
      2. By Services
        1. Monitoring Services, 2019-2028F (USD Million)
        2. Credit Monitoring, 2019-2028F (USD Million)
        3. Identity Monitoring, 2019-2028F (USD Million)
        4. Identity Recovery & Theft Insurance Services, 2019-2028F (USD Million)
      3. By End-User
        1. Individual, 2019-2028F (USD Million)
        2. Enterprises, 2019-2028F (USD Million)
  19. United Kingdom Identity Theft Protection Services Market Outlook
    1. Market Size and Forecast, 2019-2028F
      1. By Value (USD Million)
    2. United Kingdom Identity Theft Protection Services Market Segmentation, 2019-2028F
      1. By Theft Type
        1. Criminal Identity Theft, 2019-2028F (USD Million)
        2. Financial Identity Theft, 2019-2028F (USD Million)
        3. Credit Card Fraud, 2019-2028F (USD Million)
        4. Government Identity Theft, 2019-2028F (USD Million)
        5. Employment Identity Theft, 2019-2028F (USD Million)
        6. Other Types, 2019-2028F (USD Million)
      2. By Services
        1. Monitoring Services, 2019-2028F (USD Million)
        2. Credit Monitoring, 2019-2028F (USD Million)
        3. Identity Monitoring, 2019-2028F (USD Million)
        4. Identity Recovery & Theft Insurance Services, 2019-2028F (USD Million)
      3. By End-User
        1. Individual, 2019-2028F (USD Million)
        2. Enterprises, 2019-2028F (USD Million)
  20. Competitive Landscape
    1. Major Vendors Market Share Analysis, 2019
    2. Experian Information Solutions, Inc.
    3. Equifax, Inc.
    4. Norton LifeLock Inc.
    5. LexisNexis Risk Solutions Group
    6. IdentityForce, Inc.
    7. AllClear ID
    8. Identity Intelligence Group LLC
    9. ADT Inc.
    10. Fair Isaac Corporation

Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved