Identity theft protection services have garnered prominence for establishment of a robust monitoring and protection framework, both for individuals as well as business enterprises. An alarming rise of high-profile data breaches resulting in hefty losses is predominantly pushing high-scale deployment of identity theft protection services. These insights are according to the new report by Fact.MR, which foresees a buoyant outlook for the identity theft protection services market over the forecast period. The identity theft protection services market witnessed an opportunity worth US$ 7,377 Mn in 2018 and will continue its upward spiral in the forthcoming years.
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Chapter wise Analysis:
Chapter 1- Identity Theft Protection Services Market - Executive Summary
The executive summary of identity theft protection services market offers a quick summary of the key findings of the identity theft protection services market. This chapter also offers insights on the market size and growth of identity theft protection services market for the forecast timeline of 2018 and 2027.
The key highlights of identity theft protection services market report, which includes the leading segments and fastest growing segments. This offers a quick idea to the readers regarding the market behavior over the forecast period.
Chapter 2- Identity Theft Protection Services Market Overview
The second chapter of identity theft protection services market report offers a brief overview of the identity theft protection services market, including a brief yet succinct introduction to the product.
An analytical representation of the prominent definitions related to identity theft protection services has been offered in the report. This chapter also includes data on macroeconomic factors, having deep-rooted impact on growth of identity theft protection services market.
Chapter 3- Identity Theft Protection Services Market- Key Indicators Assessment
This chapter pinpoints the key dynamics diversifying growth of identity theft protection services market. Important factors such as restraints, growth drivers, and opportunities have been elaborated and scrutinized in this chapter. Key trends impacting prospects of identity theft protection services market have also been extensively covered in this chapter.
Chapter 4- Identity Theft Protection Services Market Analysis and Forecast
This chapter conveys precise information on the identity theft protection services market for the historical period (2013-2017) as well as the forecast period (2018-2027). Forecast as well as analysis offered in the identity theft protection services market report comprises of crucial figures and numbers vital for determining growth of identity theft protection services market.
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Rising Corporate Profits to Stimulate Investments in Identity Theft Protection Services
As per a recent revelation by the U.S. Bureau of Economic Analysis (BEA), profits from the current production (corporate profits along with inventory valuation as well as capital consumption adjustments) revved up to $76.0 billion in the third quarter, in comparison with an increase of $65.0 billion in the second quarter. Particulars as such provide credence to the fact that corporate profits are not declining anytime soon, portraying potential opportunities for the vendors of identity theft protection services. Conversely, any sort of inconsistency in corporate profits is likely to have adverse impact on the investments being made for these services, which might hamper their deployment rate.
Identity Theft Protection Services Market Structure
The identity theft protection services market has been segmented on the basis of type, end use, and region. By type, the identity theft protection services market has been segmented into credit card fraud, employment and tax-related fraud, phone or utility fraud, and bank fraud. By end use, the identity theft protection services market has been segmented into consumers and enterprises. The identity theft protection services market has been gauged across key regions of North America, Europe, China, Rest of APAC, Central & South America, and MEA.
The market players have been assessed in the report as per four propositions- leaders, challengers, followers, and aspirers. The report identifies players such as LifeLock, Inc., Experian Plc., and Equifax, Inc. as leaders with robust revenue footprints and innovative product portfolios. Companies such as Affinion Group and FICO are categorized as challengers, who possess the potential to scale up their revenues with innovation-driven strategies.
The report further categorizes companies such as LexisNexis Risk Solutions Inc. and TransUnion LLC as followers, who are growing at a steady pace to establish a stronghold in the global market space. Aspirers, such as Intersections Inc. and AllClear ID Inc., have been identified by the report as the ones vying to make it big in the market by observing their nearest competitors.
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