Identity Theft Protection Services Demand Likely to Swell as Technological Motivation is Eminent, details FactMR report

Posted on 2019-07-23 by Mark Hub in Software, Technology // 0 Comments

In order to dissert the market scenario prevailing across the identity theft protection services market sector, FactMR has evenly presented a comprehensive identity theft protection services market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the identity theft protection services market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

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Competitive Landscape – Notable Developments

Equifax Inc. acquired ID Watchdog, a leading company offering identity protection and resolution services, in 2017. This acquisition enabled both the companies to merge their industry relationships and enhance access as well as range of employee benefits solutions.
EZShield launched Mobile Defense Suite(TM) in the year 2018, which was a significant breakthrough for the protection of Personally Identifiable Information (PII). This launch was aimed at empowering individuals and organizations to thwart dangers caused by data breach or any other a potential security incident.
LexisNexis® Risk Solutions Inc., completed the acquisition of Insurance Initiatives, Ltd. (IIL), a firm offering intelligent data delivery solutions, in the year 2016. This acquisition was aimed at enabling the UK insurers to upgrade business performance and tap into new opportunities.
Affinion Group introduced PrivacyGuard, an identity theft protection service that safeguards information related to users’ identity and credit, in the year 2017.

The report on identity theft protection services market profiles these companies in the competitive landscape section, wherein other crucial insights apropos of the aforementioned and several other companies are illustrated in detail.

Identity Theft Protection Services Market – Competition Varies Across Tiers

The identity theft protection services market remains highly-competitive at the bottom level and moderately-competitive at top and middle levels. The emerging players or tier 3 players of the market account for a sizeable revenue share and remain highly oriented toward new product launches and acquisition strategies.

The market players have been assessed in the report as per four propositions- leaders, challengers, followers, and aspirers. The report identifies players such as LifeLock, Inc., Experian Plc., and Equifax, Inc. as leaders with robust revenue footprints and innovative product portfolios. Companies such as Affinion Group and FICO are categorized as challengers, who possess the potential to scale up their revenues with innovation-driven strategies.

The report further categorizes companies such as LexisNexis Risk Solutions Inc. and TransUnion LLC as followers, who are growing at a steady pace to establish a stronghold in the global market space. Aspirers, such as Intersections Inc. and AllClear ID Inc., have been identified by the report as the ones vying to make it big in the market by observing their nearest competitors.

Rising Corporate Profits to Stimulate Investments in Identity Theft Protection Services

With the resurgence of corporate abilities, the corporate profit margins are also witnessing considerable rise. The willingness to invest in identity theft protection services is also scaling up, aimed at safeguarding the increased income.

As per a recent revelation by the U.S. Bureau of Economic Analysis (BEA), profits from the current production (corporate profits along with inventory valuation as well as capital consumption adjustments) revved up to $76.0 billion in the third quarter, in comparison with an increase of $65.0 billion in the second quarter. Particulars as such provide credence to the fact that corporate profits are not declining anytime soon, portraying potential opportunities for the vendors of identity theft protection services. Conversely, any sort of inconsistency in corporate profits is likely to have adverse impact on the investments being made for these services, which might hamper their deployment rate.

Identity Theft Protection Services Market: Additional Questions Answered

The report on identity theft protection services market answers all the important questions apropos of determining growth of identity theft protection services market. Apart from the aforementioned about identity theft protection services market, the identity theft protection services market report addresses some of the additional questions that are equally instrumental for determining growth of identity theft protection services market-

Which region will be highly lucrative for identity theft protection services market?
What is the market size of identity theft protection services market in 2018?
Which region is poised to witness fastest expansion in the identity theft protection services market?
Which end use vertical remains the most significant in the identity theft protection services market?
What are the key differential strategies of players in the identity theft protection services market?

Identity Theft Protection Services Market: Research Methodology

A proven approach forms the base of compelling intelligence on identity theft protection services market offered in the identity theft protection services market report. The report on identity theft protection services market is a result of extensive secondary research in combination with comprehensive primary research process for identity theft protection services market. The insights on identity theft protection services market procured in the primary research for identity theft protection services market have been utilized for validation and authentication of data obtained from secondary research phase.

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About FactMR

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