Industry Analysis & Industry Trends
The Identity Theft Protection Services industry has experienced slow but steady growth over the past five years, driven by the economic recovery, the introduction of m-commerce and the rise of e-commerce and social media. Additionally, high-profile data breaches in recent years have raised awareness of identity theft protection and spurred greater demand for industry services. As the internet becomes increasingly important in financial transactions, and as more and more personal information comes to be stored on mobile phones, the industry is expected to continue its moderate expansion over the next five years. Over this period, however, industry operators may face more stringent regulation in response to alleged misrepresentations of their services.... purchase to read more
Industry Report - Industry Analysis Chapter
The Identity Theft Protection Services industry is currently in a state of slow and steady growth. Industry revenue is expected to grow 3.0% to reach $3.2 billion in 2015, capping 2.4% average annual growth over the past five years. The slowly expanding market for industry services is the primary driver of growth, although competing services have been eating away at the industry’s revenue.
Internet and mobile use
Rising internet use has led to increased use of credit and debit cards both in stores and online. The ability of point of sale systems to quickly communicate with a bank or another financial institution to gain transaction approval has led more retail outlets to accept credit and debit cards... purchase to read more