United Kingdom identity
theft protection services market is anticipated to witness a growth of steady
CAGR in the forecast period, 2023-2027. The growing popularity of online
payments and e-commerce channels owing to the high-speed internet penetration and
proliferation of smart devices among consumers are the primary factors driving
the demand for the United Kingdom identity theft protection services market
through the forecast period. Also, the digitization initiatives are taken by
the government to increase transparency and maintain records more efficiently.
The need for advanced solutions to counter cyber threats and malicious attacks
is expected to influence further the demand for the United Kingdom identity
theft protection services market in the next five years.
Increased demand for Online
Payment Gateways Drives the Market Growth
Consumers have shifted
towards online payment services as they are highly convenient to use, and the
payment is completed within seconds. Shopkeepers actively encourage the
customers to use online payments as all the transaction records are
automatically made and saved in the software or application. It eliminates the
need to keep changes and physical notes which may get damaged in rainfall or
any adverse weather condition. Also, the trend of online payment has scaled up
in the coming years as the banks have started offering discounts and rewards
for making payments using their banks' cards. The financial institutions have
started to offer mobile-based applications to help the customers monitor their
account transactions easily and lower fraudulent activities.
The shift toward online
platforms has increased the number of data breaches in the last few years.
Identity theft protection solutions mask important data, monitor personal data,
and track unauthorized personnel's activity. Therefore, the need to secure data
and enhance customer satisfaction by organizations is expected to accelerate
the growth of United Kingdom identity theft protection solutions in the
forecast period.
Rise in use of Electronic IDs
Accelerates the Market Demand
Private and public institutions
have started to use electronic records to give access to employees on the
office premises. Electronic identity cards are the most common technology
trends adopted by the industries. Digital identity has transformed the way
individuals work in organizations and has increased the security on the
official premises. The government has emphasized the importance of electronic
identity cards to lower the occurrence of data breaches and identity thefts.
Market players are providing advanced security solutions to the end-users and
using advanced technologies, which is expected to fuel the demand for the
United Kingdom identity theft protection services market in the forecast
period.
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Market Segmentation
The United Kingdom identity
theft protection services market is segmented into type, application, regional distribution, and
competitive landscape. Based
on type, the market is divided into credit card fraud, bank fraud, phone or
utility fraud, employment/tax related fraud. Based on application, the market
is bifurcated into consumer and enterprise. United Kingdom identity
theft protection services market is studied in major regions namely London,
Southeast, East Anglia, Scotland, Southwest, East Midlands, Yorkshire & Humberside,
and rest of United Kingdom.
Market Players
Experian Information
Solutions, Inc., Equifax, Inc., NortonLifeLock Inc., LexisNexis Risk Solutions
Group, Identity Force, Inc., AllClear ID, Identity Intelligence Group LLC, ADT
Inc., Fair Isaac Corporation, McAfee, LLC, are the major market players operating
in the United Kingdom identity theft protection services market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Type
·
Application
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Regional scope
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London, Southeast, East Anglia, Scotland, Southwest, East
Midlands, Yorkshire & Humberside, Rest of United Kingdom
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|
Key companies profiled
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Experian Information Solutions, Inc.,
Equifax, Inc., NortonLifeLock Inc., LexisNexis Risk Solutions Group, Identity
Force, Inc., AllClear ID, Identity Intelligence Group LLC, ADT Inc., Fair
Isaac Corporation, McAfee, LLC
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, United Kingdom identity
theft protection services market has been segmented into following categories,
in addition to the industry trends which have also been detailed below:
·
United Kingdom Identity Theft
Protection Services Market, By Type:
- Credit Card Fraud
- Bank Fraud
- Phone or Utility Fraud
- Employment/Tax Related Fraud
- United Kingdom Identity Theft Protection Services
Market, By Application:
- United Kingdom Identity
Theft Protection Services Market, By Region:
o London
o Southeast
o East Anglia
o Scotland
o Southwest
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United Kingdom identity theft
protection services market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United Kingdom identity
theft protection services market is an upcoming report to be released soon. If
you wish an early delivery of this report or want to confirm the date of
release, please contact us at [email protected]