Industry Analysis & Industry Trends
The Identity Theft Protection Services industry has fared well over the last five years, despite a decline in revenue in 2009. As more people use credit and debit cards online and on their smartphones, the need for identity security has increased. Revenue has grown strongly since 2007, and this growth will get stronger over the next five years. However, slowing per capita disposable income will threaten potential industry gains, as consumers may not yet have the funds available to purchase industry 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. The industry is expected to grow 0.6% to $2.6 billion in 2014. This will bring the growth in the five years to 2014 to an average of 0.5% annually. 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-store 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 to more retail outlets of all kinds accepting credit and debit cards... purchase to read more