; Identity Theft Insurance Comprehensive Market Trends, Share, Forecast, 2030

Identity Theft Insurance Comprehensive Market

Identity Theft Insurance Comprehensive Market: Segmeneted: By type (credit card fraud, employment fraud, utility fraud and bank fraud); By application (consumer and enterprise) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030

Published on: Aug-2020
Report Code: FG ICT 00134
No. of Pages: 170-350
Report Format: PDF

Product overview

Identity Theft Insurance Comprehensive Market to surpass USD 2.351 billion by 2030, which is valued at 0.54 billion in 2019 at a compound annual growth rate of 14.3%. 

Online security comes with threats like viruses, adware, spyware, phishing, and malware which may attack the computer through the usage of an internet connection and leak important information such as passwords and financial information. Encryption and antivirus software programs can be used for protecting against such virus attacks. Identity theft insurance is used to cover identity theft costs. Identity theft victims are reimbursed for money they spend on financial identities and repairing their credit reports. The rise in insurance fraud threats is likely to increase its demand.

Market Highlights

Identity Theft Insurance Comprehensive Market is expected to project a CAGR of 14.3% during the forecast period, 2022-2032

The rise in the number of cyber frauds and cyber-attacks in the insurance sector followed by huge losses is expected to increase the need for theft insurance thus driving its market growth.

Identity Theft Insurance Comprehensive Market: Segments

 By application, it can be divided into consumer and enterprise.

owing to the increasing incidences of insurance frauds and cyber-attacks on SMEs. The SMEs are small in terms of their size but cater to a large number of customers globally. 

Market Dynamics

Driver

Rise in cyber frauds and attacks to increase the market growth

A rise in the number of cyber frauds and cyber-attacks in the insurance sector followed by huge losses are expected to increase the need for theft insurance thus driving its market growth. This market is on the rise as it improves the ability of the enterprises to examine appropriate data and ensure improved response more efficiently and effectively as well as enhance the experience of the customer and increase the adoption of analytical techniques and regulatory needs.

Restraint

High expectations of consumers decrease the market growth

The major restraints in the Identity Theft Insurance  Market are unawareness of the need for fraud detection solutions in organizations as well as the improper implementation. Meeting the expectations of the customer in terms of process optimization, keeping the IoT hardware updated, easing security concerns due to various connected networks, connectivity issues, and waiting for government regulations are also other factors that hinder the market growth.

Identity Theft Insurance Comprehensive Market: Regions

The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA. North America is expected to register the highest growth among all the regions in the insurance fraud detection market due to the increased threats and vulnerability in the region. APAC market is also likely to show significant growth during the forecasted period due to the rise in the insurance fraud threats and thus the increased spending in the sector.

Identity Theft Insurance Comprehensive Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities-o-Y Growth, CAGR – the United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and the Rest of APAC
  • MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Identity Theft Insurance Comprehensive Market: Key players

  • Erie

Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

  • Allstate
  • American Family
  • Liberty Mutual 
  • Nationwide
  • State Farm
  • USAA
  • Esurance
  • GEICO
  • AXA

 The Identity Theft Insurance Comprehensive Market report also contains an analysis on: 

Identity Theft Insurance Comprehensive Market segments

  • By type
    • Consumer
    • Enterprise 
  • By application
    • credit card fraud
    • employment fraud
    • utility fraud
    • bank fraud
  • Identity Theft Insurance Comprehensive Market dynamics 
  • Identity Theft Insurance Comprehensive Market size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Select License Type

$3199

Report accessible by 1 user only

In case you require a hard copy, there will be an additional charge of $500. Please email us at info@fatposglobal.com with your request

Call us

Research Assistance

US : +1 (716) 218-3733
UK : +44 (208) 1235555



Select License Type

$3199

Report accessible by 1 user only

Sample Request

Client Testimonials

FATPOS CLIENT Appriciation DURING THE PROJECT

Clients