Identity Theft Protection Services Market

Identity Theft Protection Services Market Trends & Growth Analysis – Latest Insights

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12712
  • Published Date: Apr, 2022
  • Pages: 235
  • Category: Consumer Goods
  • Format: PDF
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Market Dynamics

Drivers

  • Rising online transactions

Online financial transactions are increasing rapidly with digitalization and the speed of transactions. The convenience of using the online mode for financial transactions can be done instantly without visiting banks and standing in long queues for a small financial job. Many people find convenience in using internet-enabled transactions. Technology-driven financial transactions have become a weapon for cyber attackers.

Restraints

  • High cost

Identity Theft Protection Services can be expensive depending upon the number of assets that need to cover in the identity theft protection services. There are several plans with multiple options of services ranging from USD 10 to USD 30 per month, depending upon the services chosen. Thus several small and medium enterprises cannot afford the services because of lower investment in the business and high prices of the identity theft protection services.

Opportunities

  • Generation of electronic IDs

Electronic IDs are digital identities of a person or an organization that can use to access services or benefits provided by banks, government authorities, and companies. They can also be used for mobile payments. This is an excellent opportunity to grow identity theft protection services as there will be more data vulnerability.

Challenges

  • Lack of awareness

Several enterprises and individuals are unaware of the identity theft protection services. Less knowledge and awareness regarding such a kind of services and what these services offer is a challenge for the market's growth.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Theft Type
          4.3.2. Market Attractiveness Analysis By End-User
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising online transactions
    5.3. Restraints
          5.3.1. High cost
    5.4. Opportunities
          5.4.1. Generation of electronic IDs
    5.5. Challenges
          5.5.1. Lack of awareness

6. Global Identity Theft Protection Services Market Analysis and Forecast, By Theft Type
    6.1. Segment Overview
    6.2. Credit Card Fraud
    6.3. Employment and Tax
    6.4. Phone or Utility
    6.5. Bank Fraud
    6.6. Others

7. Global Identity Theft Protection Services Market Analysis and Forecast, By End-User
    7.1. Segment Overview
    7.2. Consumer
    7.3. Enterprise

8. Global Identity Theft Protection Services Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Identity Theft Protection Services Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Identity Theft Protection Services Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. IDShield
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Component Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Chubb
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Component Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. GEICO
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Component Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Aura
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Component Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Allstate Insurance Company
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Component Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Experian
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Component Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. IdentityForce, Inc.
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Component Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. McAfee, LLC
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Component Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Nationwide Mutual Insurance Company
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Component Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. NortonLifeLock In
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Component Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis

List of Table

1. Global Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

2. Global Credit Card Fraud Identity Theft Protection Services Market, By Region, 2019-2030 (USD Billion) 

3. Global Employment and Tax Identity Theft Protection Services Market, By Region, 2019-2030 (USD Billion)

4. Global Phone or Utility Identity Theft Protection Services Market, By Region, 2019-2030 (USD Billion) 

5. Global Bank Fraud Identity Theft Protection Services Market, By Region, 2019-2030 (USD Billion) 

6. Global Others Identity Theft Protection Services Market, By Region, 2019-2030 (USD Billion)

7. Global Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

8. Global Consumer Identity Theft Protection Services Market, By Region, 2019-2030 (USD Billion) 

9. Global Enterprise Identity Theft Protection Services Market, By Region, 2019-2030 (USD Billion) 

10. Global Identity Theft Protection Services Market, By Region, 2019-2030 (USD Billion) 

11. North America Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

12. North America Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

13. U.S. Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

14. U.S. Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

15. Canada Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

16. Canada Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

17. Mexico Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

18. Mexico Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

19. Europe Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

20. Europe Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

21. Germany Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

22. Germany Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

23. France Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

24. France Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

25. U.K. Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

26. U.K. Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

27. Italy Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

28. Italy Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

29. Spain Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

30. Spain Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

31. Asia Pacific Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

32. Asia Pacific Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

33. Japan Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

34. Japan Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

35. China Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

36. China Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

37. India Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

38. India Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

39. South America Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

40. South America Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

41. Brazil Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

42. Brazil Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

43. Middle East and Africa Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

44. Middle East and Africa Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

45. UAE Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

46. UAE Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

47. South Africa Identity Theft Protection Services Market, By Theft Type, 2019-2030 (USD Billion) 

48. South Africa Identity Theft Protection Services Market, By End-User, 2019-2030 (USD Billion) 

List of Figures 

1. Global Identity Theft Protection Services Market Segmentation

2. Identity Theft Protection Services Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Identity Theft Protection Services Market Attractiveness Analysis By Theft Type

9. Global Identity Theft Protection Services Market Attractiveness Analysis By End-User

10. Global Identity Theft Protection Services Market Attractiveness Analysis By Region

11. Global Identity Theft Protection Services Market: Dynamics

12. Global Identity Theft Protection Services Market Share by Theft Type (2022 & 2030)

13. Global Identity Theft Protection Services Market Share by End-User (2022 & 2030)

14. Global Identity Theft Protection Services Market Share by Regions (2022 & 2030)

15. Global Identity Theft Protection Services Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2022 to 2030. The Brainy Insights has segmented the global identity theft protection services market based on the below-mentioned segments:

Global Identity Theft Protection Services Market by Product Type:

  • Credit Card Fraud
  • Employment and Tax
  • Phone or Utility
  • Bank Fraud
  • Others

Global Identity Theft Protection Services Market by End-User:

  • Consumer
  • Enterprise

Global Identity Theft Protection Services Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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