United Kingdom Identity Theft Protection Services Market to be dominated by Credit Card Fraud till 2027
The increasing incidence of
identity theft on government premises and the growing popularity of the
e-commerce channels are expected to drive the demand in the United Kingdom
identity theft protection services market throughout the forecast period.
According to TechSci Research report, “United Kingdom Identity Theft Protection Services Market By Region, Competition
Forecast & Opportunities, 2027”, the United Kingdom commercial is
expected to grow with a steady CAGR in the forecast period. Identity theft is
one of the most popular cybercrimes which results in massive financial losses
for an organization. It involves stealing personal information to impersonate a
person's identity. It includes stealing a vast amount of information covering
social security identity details, medical records, financial details, and child
identification details, amongst others. Identify theft services includes
monitoring services that help witness the unauthorized access to personal
information and recovery services that helps the organizations to recover the
information stolen or lost.
The development of the telecommunication industry and
the ongoing digitalization of business operations is increasing the amount of
confidential data entered into the system on a daily basis. Fraudsters steal
consumers' sensitive personal information, such as social security numbers,
passwords, addresses, and passwords, which fuels the demand for theft
protection tools. Therefore, organizations prefer to spend significant amounts
on strengthening their cybersecurity network and adopting identity theft tools
and services. The high demand for data protection software and network access
control to prevent unauthorized access to confidential data and safeguard the
employee's personal data is expected to accelerate the demand for theft
protection services among the organizations.
However, the high cost of identity theft protection
services may restrain the market growth in the next five years.
Browse XX Figures spread through XX Pages and an
in-depth TOC on "United Kingdom Identity Theft Protection Services Market”.
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. The credit card fraud segment is expected to hold
the largest market share in the forecast period. The continuous increase in the
number of credit card holders is accelerating the demand for credit card
protection services. The bank fraud segment is expected to witness the fastest
incremental growth in the next five years, owing to the increased popularity of
online transactions across the country.
Based on application, the
market is bifurcated into consumer and enterprise. The enterprise segment is
anticipated to capture the highest market share in the next five years,
2023-2027. Enterprises witness a huge number of data breach cases, data thefts,
and frauds and resulting in the loss of sensitive business information. They
look for solutions that can protect the confidential information and protect
the enterprise from facing financial loss. The high demand for identity theft
protection services from enterprises is expected to contribute to the market
growth in the forecast period.
Major market players operating in the United Kingdom identity theft
protection services market are:
·
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
Download Free Sample Report
Customers can also
request for 10% free customization on this report.
“The
growing popularity of the e-commerce channels such as Amazon UK, eBay UK, Asos,
Currys PC World, Tesco, and Asda in the United Kingdom is expected to boost the
number of fraudulent activities in the country. Users enter their personal and
financial details into the online sales platform, making it vulnerable to
cyber-attacks. E-commerce market players are actively looking for solutions to
monitor, control, and identify unauthorized access to private information and
alter the concerned authorities. Availability of identity theft protection
services at affordable rates and integration of advanced solutions in the
software is expected to propel the growth of the United Kingdom identity theft
protection services market till 2027” said Mr. Karan Chechi, Research Director
with TechSci Research, a global research-based management consulting firm.
“United Kingdom Identity
Theft Protection Services Market By Type (Credit Card Fraud, Bank Fraud, Phone
or Utility Fraud, Employment/Tax Related Fraud), By Application (Consumer,
Enterprise), By Region, Competition Forecast & Opportunities, 2027” has
evaluated the future growth potential of United Kingdom identity theft
protection services market and provided statistics & information on market
size, shares, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the of United
Kingdom identity theft protection services market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com