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 Locations Chapter
The Identity Theft Protection Services industry is highly technologically intensive and tends to cluster near areas where there is an opportunity to attract software engineers. As such, industry firms locate near top universities and in areas where there are other software companies. Additionally, the ease of collaborating across borders using the internet means that geographical locations have become increasingly insignificant for the majority of industry firms. Population trends and regulatory requirements also determine the location of industry operators.
The Southeast has the highest concentration of firms, accounting for 25.0% of industry establishments; similarly, the region accounts for 25.4% of the population. California alone has about 10.5% of the industry’s workforce... purchase to read more