Overview

Identity crisis: High-profile data breaches spur moderate demand for industry services

IBISWorld’s Identity Theft Protection Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The proliferation of the internet into nearly all financial activities has bolstered demand
  • Several high-profile hacking incidents have spurred demand for identity theft protection services
  • As private investment in computers grows, so will investment in industry services

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    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...

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    Industry Report - Industry Key Buyers Chapter

    The Identity Theft Protection Services industry has a low level of market share concentration. In 2016, the two largest firms in the industry account for about 33.5% of industry revenue. Due to the relatively low barriers to entry in this industry, new entrants are able to offer similar products to major players. However, as more firms enter the industry, it has become more difficult for them to differentiate from one another. The breadth of services offered between large and small industry firms are becoming more similar, deterring some companies without brand recognition to enter the industry. Additionally, a number of mergers and acquisitions have caused firms to exit the industry as well. How..

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    Additional Insights for the Identity Theft Protection Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Identity Theft Protection Services Industry are

  • Undertaking technical research and development
  • Access to highly skilled workforce
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Percentage of services conducted online in the Identity Theft Protection Services industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Identity Theft Protection Services Industry?

    Companies in this industry primarily provide software and services aimed at reducing the risk of identity theft from online or electronic media. Firms frequently use monitoring software to track unauthorized use of credit and other personal information.

    Industry Products
    Credit card number protection
    Debit card number protection
    Social security number protection
    Checking account number protection
    Industry Activities
    Credit monitoring
    Identity theft threat assessment
    Identity theft response
    Identity theft insurance

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Percentage of services conducted online
  • Private investment in computers and software
  • Number of mobile internet connections

  • Current Performance
  • Large-scale identity attacks
  • Internet and mobile use and competing factors
  • Economic effects and consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Internet and mobile use
  • Large-scale identity attacks
  • Economic effects and consolidation
  • Table: Identity Theft Protection Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Identity Theft Protection Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Insurance Brokers & Agencies
  • Reinsurance Carriers
  • Third-Party Administrators & Insurance Claims Adjusters

  • Products & Services
  • Credit card number protection
  • Debit card number protection
  • Social security number protection
  • Checking account number protection
  • Chart: Identity Theft Protection Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers with annual incomes above $75,000
  • Consumers with annual incomes between $25,000 and $49,999
  • Consumers with annual incomes between $50,000 and $74,999
  • Consumers with annual incomes below $25,000
  • Businesses
  • Chart: Major Market Segmentation for the Identity Theft Protection Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Additional expenses
  • Chart: Cost Structure Benchmarking – Sector vs Identity Theft Protection Services

  • Basis of Competition
  • External Competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Identity Theft Protection Services Industry

  • Industry Globalization
    Major Companies
    LifeLockIntersections Inc.
  • Table: LifeLock - financial performance
  • Table: Intersections Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Identity Theft Protection Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Identity Theft Protection Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Percentage of services conducted online (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Hacker
  • A person who takes advantages of weaknesses in computer networks to gain access to confidential data.
  • Identity Fraud
  • Occur when stolen personal information is used to open accounts in the victim's name or makes purchases using said accounts without permission.
  • Identity Theft
  • A form of stealing someone's identity in which someone pretends to be someone else by assuming that person's identity.
  • Mobile Alert
  • Text messages or emails that alert clients of potential identity theft threats.
  • Point-Of-Sale System
  • The system where a transaction occurs in exchange for goods or services.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Identity Theft Protection Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Identity Theft Protection Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Identity Theft Protection Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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