$5.4bn
$XXX.Xm
16,695
4,268
$X.Xbn
Rising consumer spending and pandemic-related scams have driven demand for identity protection services. Despite economic challenges, people are more inclined to spend on discretionary items like these services. The rapid growth of e-commerce and smartphone adoption has accentuated concerns about online data security as breaches become increasingly common. The industry's landscape has shifted dramatically due to technological progression and evolving consumer behavior patterns during the pandemic. Over the past five years, revenue has grown at a CAGR of 5.3% and is expected to reach $5.4 billion in 2024, including a projected 3.3% increase in 2024.
Industry revenue has grown at a CAGR of 5.3 % over the past five years, to reach an estimated $5.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Nortonlifelock Inc. | 706.1 | 293.2 | 41.5 |
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Industry revenue is measured across several distinct product and services lines, including Credit card number protection, Debit card number protection and Social security number protection. Credit card number protection is the largest segment of the Identity Theft Protection Services in the US.
The breaches of credit card numbers have slipped with stricter bank monitoring and digital wallets
Companies in this industry primarily provide credit monitoring and alert services and recovery services in the event of identity theft. Companies frequently use monitoring software to track unauthorized credit and other personal information use.
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NAICS 81299 - Identity Theft Protection Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Several high-profile data breaches and growing e-commerce sales have increased demand for industry services. Industry establishments have hiked as new entrants seek to capita...
Learn about an industry's products and services, markets and trends in international trade.
Credit card theft has slipped due to AI-powered bank monitoring and digital wallets like Apple Pay. These technologies swiftly flag suspicious transactions and securely encry...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Identity Theft Protection Services relies heavily on technology and clusters in regions with access to skilled software engineers. Companies tend to locate near prestigio...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Companies in the industry compete on brand name, pricing and services offered. Businesses need a good reputation and fair pricing to stand out. Effective differentiation hing...
Learn about the performance of the top companies in the industry.
Major companies consolidate to satisfy the growing demand for services. Consolidation enables companies to expand business operations and expand market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry adheres to the Uniform Certificate of Authority Application (UCAA). The UCAA has three applications enabling operators to gain certificates to operate in their u...
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Reliance on technology has opened up opportunities for highly skilled employees. Wages have grown as the need for employees with data analysis skills has grown.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Identity Theft Protection Services in the US industry in United States is $5.4bn in 2024.
There are 4,268 businesses in the Identity Theft Protection Services in the US industry in United States, which has grown at a CAGR of 7.4 % between 2019 and 2024.
The market size of the Identity Theft Protection Services in the US industry in United States has been growing at a CAGR of 5.3 % between 2019 and 2024.
Over the next five years, the Identity Theft Protection Services in the US industry in United States is expected to grow.
The biggest company operating in the Identity Theft Protection Services market in United States is Nortonlifelock Inc.
Credit monitoring and Identity theft threat assessment are part of the Identity Theft Protection Services in the US industry.
The company holding the most market share in United States is Nortonlifelock Inc..
The level of competition is high and increasing in the Identity Theft Protection Services in the US industry in United States.