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The global identity theft protection services market is anticipated to achieve a CAGR of 13.06% during the forecast period, i.e. 2020-2028.
Identity Theft Protection Services are the services offered to monitor personal information in credit applications, public records, and other places where personal data can be stolen. These monitoring and recovery services regularly access consumer s credit reports and credit scores and alerts if there is any suspicious activity monitored in the account.
Factors such as the increasing occurrences of cybercrime and identity thefts around the globe, backed by the growing utilization of electronic identity and other advanced technologies are anticipated to promote towards the growth of the global identity theft protection services market.