Identity Theft Protection Services Market Size

Identity Theft Protection Services Market size was over USD 12.94 billion in 2023 and is anticipated to cross USD 67.12 billion by 2036, growing at more than 13.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of identity theft protection services is estimated at USD 14.34 billion.

The global identity theft protection services market is thriving on the back of the growing demand for identity theft protection services from enterprise and consumer vertical, backed by the growing occurrence of cybercrime around the globe. According to the statistics by the Internet Crime Complaint Centre (IC3), over 467361 cybercrime complaints were filed in the year 2019. Additionally, growing incidences of identity thefts, increasing utilization of electronic identity in end user verticals along with the rising use of internet-based transactions worldwide are some of the factors anticipated to promote towards the growth of the global identity theft protection services market. According to FTC (Federal Trade Commission), in 2019, there was over 3.2 million identity theft, and fraud cases were reported with federal, state & local law agencies and private enterprises in the United States, out of which over 651,000 were identity theft cases.