Internet-based financial trading has become very popular among the current generation. Leading companies offering fund transfer services have seen significant involvement in recent times. For example, by 2020, Paytm, is one of the leading e-commerce payment companies, has registered a 50% increase in total transactions. The increasing acceptance of online payments is expected to drive the growth of the market for identity theft protection services. In addition, increased awareness of identity theft among people who are supported by similar events is estimated to strengthen their future demand.

Credit card fraud accounts are mostly market share, as the demand for credit card-related security services has increased with the number of credit cardholders. However, due to the increasing demand for online banking that is driven by speed and ease of use, the share of bank fraud is expected to increase at a rapid rate during the forecast period. Therefore, an increase in the number of credit holders will soon accelerate the demand for identity theft protection.

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Key industry players – LifeLock, IdentityIQ, IdentityForce, 6S Success Consulting, ZeroFox, LifeLock, CyberScout, ldentity Defense, InfoArmor, Inc., LegalShield, myFICO, Identity Guard Others.

Key drivers that are propelling the growth of the identity theft protection market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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