Identity Theft Protection Services in the US - Industry Market Research Report

Identity crisis: As corporate profit rises, businesses will likely increasingly need industry services, supporting revenue growth

The Identity Theft Protection Services industry provides credit monitoring software and services, as well as alerts and recovery services in the event of identity theft. Companies often use software to track unauthorized credit and other personal information use. Rising disposable income, consumer spending and a barrage of high-profile data breaches have driven consumers to expend more on paid credit monitoring services. Over the past five years, revenue has been growing at a CAGR of 0.8%, and is expected to reach $3.5 billion in 2023. This includes a projected 3.7% increase in 2023. Profit is also expected to swell to 12.9% of revenue in 2023, up from 12.2% in 2018. Companies in this industry primarily provide credit monitoring and alert services, as well as recovery services in the event of identity theft. Companies frequently use monitoring software to track unauthorized use of credit and other personal information. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.