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 - Starting a New Business Chapter
The Identity Theft Protection Services industry faces a low to moderate level of barriers to entry. Some services offered by identity theft protection services companies such as the software-based credit monitoring are easier for new entrants to undertake. The market is moderately competitive among product lines and new entrants must compete with larger companies that have established brand name recognition. In addition, identity theft protection companies must make capital investments in computers and software to monitor threats.
However, insurance services have a moderate level of regulation that differs by region. A new entrant must apply for a Certificate of Authority to supply insurance products if they are to begin operating as an insurer... purchase to read more