Identity Theft Protection Services Market is Estimated to Reach USD 24 Billion by 2032 - Fact.MR Analysis - Seite 2

Report Attributes

Details

Base Year Value (2021A)

USD 9 Billion

Estimated Year Value (2022E)

USD 10 Billion

Projected Year Value (2032F)

USD 24 Billion

Global Growth Rate (2022-2032)

9.4%

Top 5 Companies Market Share in 2021

~ 21%

Key Takeaways: 

• The global identity theft protection services market is estimated to have an absolute $ opportunity of USD 14 Billion.
• The Identity Theft Protection services market is expected to witness exhibiting growth at 9.4% CAGR during 2022-2032.

Growth Drivers:

• Consumers and enterprises are using data protection software's and are deploying Network Access Control (NAC) across their enterprises, which is increasing the demand.
• The intensifying emphasis on electronic IDs by global government, present market size is likely to multiply by 1.3X of present market valuation in the forecast period (2022-2032).

Key Restraints: 

• Identity theft protection services depends upon on the services being chosen which then prove very expensive.
• These services may range from USD 10 to USD 30 per month & may not cover legal expenses and time spent away.

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Competitive Landscape  

Key manufacturers are constantly innovating product designs to meet the modern-day challenges pertaining to components placement in the engine environment.  

• An identity security service provider in 2020 partnered with Breach Clarity, a Fintech provider to provide services against data breaches and identity vulnerabilities with unprecedented personalized breach risk intelligence.
• An insurance and financial services company, Nationwide, partnered with Generali Global Assistance in 2020 to offer personal cyber protection services under Theft Protection Program. It will help protect nationwide users from cybersecurity attacks and threats.
• Connecticut's largest business organization, CBIA partnered with defend-id, Inc. in 2020, to deliver identity theft and recovery protection solutions to small businesses.

Key Companies Profiled: