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


North America to Contribute Over 24.5% of the Identity Theft Protection Services Market Revenue

NEW YORK, Jan. 28, 2022 /PRNewswire/ --  The latest research report by Fact.MR provides detailed information on key factors affecting growth in the global identity theft protection services market. It presents valuable insights on analysis of the different segments of the global identity theft protection services market.  For the purpose of study, the market has been segmented in terms of Type, Region and End Use Industry. 

FactMR

The global identity theft protection services market is estimated at USD 10 Billion in 2022 and is forecast to surpass USD 24 Billion by 2032, growing at a CAGR of 9.4% during 2022-2032. The global identity theft protection services market is estimated to have an absolute $ opportunity of USD 14 Billion during the assessment period of 2022-2032.

Identity theft technology is escalating at a rapid pace for preventing financial losses to individuals and business enterprises. Multiple factors such as digitization of government records, the rising trend towards online payment, growing e-commerce sector have made security and privacy more vulnerable which further drives growth of this market.

Theft of sensitive personal information such as an address, bank account numbers, social security numbers, passwords etc. being used by fraudsters uplifts the demand of theft protection tools. Identity theft Protection Services are one of the fastest-growing financial crimes and the risks of cyberattacks and other similar threats to organizations are rising due to the surge in communications and the digitalization of businesses. 

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Monitoring services that help in observing unauthorized use of personal information and recovery services which deals with the ripple effects of post-identity theft are anticipated to increase the identity theft protection services market growth of by ~23% in upcoming half-decade. 

Ransomware attacks, phishing attacks, and mail spams witnessed rapid increase during COVID-19, as cybercriminals targeted employees and customers, according to Deloitte. These cases had a positive impact on the identity theft protection services market by 1.2X.

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:?

Growth Drivers:

Key Restraints:?

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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.? 

Key Companies Profiled:

More Valuable Insights into the Identity Theft Protection Services Market:? 

Fact.MR provides an unbiased analysis of the Identity Theft Protection Services Market, presenting?forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Identity Theft Protection Services Market a detailed segmentation on the basis of: 

Segmentation of Identity Theft Protection Services Market:

Key Questions Covered in?The Identity Theft Protection Services Market Report:?

Explore?Fact.MR's?Coverage on the?Technology?Domain ? 

Intrusion Detection & Protection System Market Trends: With the growing need for distributing the IPS workload among various devices, security hazards have continued to persist in various organizations. Intrusion Detection & protection system market value to register a CAGR of 12.3% during the forecast period.

RF Power Amplifier Market Insights: In light of the tremendous growth in the sales of wireless devices, manufacturers are focusing on development of smarter and more efficient wireless electronic devices. The demand for low noise type of RF power amplifier is likely to increase at a CAGR of 14.0%.

Data Extraction Software Market Analysis - The trend towards artificial intelligence and machine learning technologies, as well as strong demand for superior business intelligence tools, are the key reasons driving the growth of the data extraction software market.

Data Center Containment Solution Market Forecast - The increased adoption of cloud computing and heavy content applications by businesses throughout the world is predicted to increase demand for data centers. This, in turn, is likely to contribute to the growth of the data center containment solutions market.

About Fact.MR

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News published on 28 january 2022 at 12:00 and distributed by: