Global Identity Theft Protection Services Market is Estimated to Expand at a CAGR of 17.44% during the Forecast Period 2017-2025 – QY Research

“Global Identity Theft Protection Services Market”
QY Research has announced the release of a new publication that bears the title “Global Identity Theft Protection Services Market Size, Status and Forecast 2025.” The publication offers insightful market intelligence to stay ahead in the market competition.

Report Overview:

This report studies the global Identity Theft Protection Services market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Identity Theft Protection Services market by companies, region, type and end-use industry.

Identity theft is a crime, a type of fraud in which an imposter steals individual information of another person (or a company) and uses it by pretending to be someone else in order to gain some benefit (e.g. money or goods). An identity theft can cause a victim both a financial and emotional damage and also a waste of time and energy needed to avoid consequences of the fraud.

The identity theft can also affect companies, causing not only economic but also reputational damages (e.g. the imposter offers lower quality services compared to the ones offered by the original company). Moreover the companies are supposed to protect beyond themself, also their employees, clients and suppliers, and so they are responsible to damages caused to the third parties in a case of bad handling of their sensible data. Depending on a different country the fine for not proper handling such data could be very high. Therefore, in order to prevent that risk, the most important practices are the training of the employees about the risks and manners in which identity theft can be performed, and the countermeasures to adopt. Also it is advisable to have a good information system provided with adequate security and constantly updated.

Identities are more valuable than ever. Identity theft protection helps protect potential victims of identity theft. Companies typically offer four different services: credit monitoring, expert support, insurance, and information surveillance via internet and public sources. Through these, companies are can detect identity theft, and mitigate the damage thereof.

It’s a highly competitive business market. The players may provide products and services comparable or superior, or at lower prices, adapt more quickly to evolving industry trends or changing market requirements, increase their emphasis on products and services, enter the markets. Any of these factors could reduce the player’s market share or decrease the player’s revenue.

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https://www.qyresearch.com/index/detail/534866/global-identity-theft-protection-services-market

The market is growing at a very rapid pace and with rise in technological innovation, competition and M&A activities in the industry many local and regional vendors are offering specific application products for varied end-users. The new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive. The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

In 2017, the global Identity Theft Protection Services market size was 6650 million US$ and it is expected to reach 23800 million US$ by the end of 2025, with a CAGR of 17.3% during 2018-2025.

Key Manufacturers Analysis:

One of the important factors in Global Keyword Market report is the ‘competitive analysis’ of major players of world Market. The  Keyword report covers all the key parameters such as product innovation, market strategies of the key players, Keyword market share, revenue generation, latest research and development, and market expert views.

Market Key Players cited in the report:-

LifeLock (Symantec)

Experian

Equifax

TransUnion

FICO

Affinion

LexisNexis

Intersections

CSID

AllClear ID

Market Segment by Product Type

Credit Card Fraud

Employment or Tax-Related Fraud

Phone or Utility Fraud

Bank Fraud

Market Segment by Application

Consumer

Enterprise

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Key Regions split in this report:

– North America – United States, Canada, Mexico.
– Asia-Pacific – China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam.
– Europe – Germany, France, UK, Italy, Russia.
– Central & South America – Brazil, Rest of Central & South America.
– Middle East & Africa.

The study objectives are:

– To analyze and research the global Keyword status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
– To present the key Keyword manufacturers, capacity, production, revenue, market share, and recent development.
– To split the breakdown data by regions, type, manufacturers and applications.
– To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
– To identify significant trends, drivers, influence factors in global and regions.
– To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Keyword are as follows:

– History Year: 2013-2018
– Base Year: 2017
– Estimated Year: 2018
– Forecast Year 2018 to 2025

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About Us:

QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.

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