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

Fraudulent growth: Soaring inflation and reduced consumer confidence is hindering revenue growth in 2023-24

Revenue in the Identity Theft Protection Services industry is expected to contract at a compound annual rate of 2.3% over the five years through 2023-24 to £329.1 million. The mis-sale of payment protection insurance, which led to financial penalties being implemented against industry operators, has weighed on revenue. In response, operators began to offer industry services for free in a bid to regain customer trust and loyalty. Companies with strong brands and international recognition have moved into the UK market through merger and acquisition (M&A) activity; however, the high-profile data leak of Equifax in July 2017 has proven that issues remain in internal security systems.

Companies in this industry primarily provide software and services aimed at reducing the risk of identity theft in online or electronic media. This includes utilising monitoring software to track the unauthorised use of 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.