Investorideas.com – big ideas for global investors Search www.investorideas.com
   Member Access       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   




Identity Theft Protection Services in the US Industry Market Research Report from IBISWorld Has Been Updated

Ideas get bigger when you share them...

July 29, 2014 (www.investorideas.com newswire) Industry growth will be stimulated by the increasing amounts of personal information shared over the internet and mobile devices, as well as the continued recovery of consumer income and business spending. For this reason, industry research firm IBISWorld has updated a report on the Identity Theft Protection Services industry in its growing industry report collection.

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

As credit and debit cards use rises, more people seek ways to keep their identity to themselves.

New York, NY - The Identity Theft Protection Services industry has experienced slow growth over the past five years, including an expected revenue expansion in 2014. The industry remained relatively resilient in the face of the economic downturn, with revenue falling only slightly in 2009 despite significant drops in consumer and business income. Since then, the slowly recovering economy has helped the industry grow due to an increasing number of high profile data breaches, an increase in e-commerce and internet-based transactions, the use of social networks, and the introduction of m-commerce.

According to IBISWorld Industry Analyst Sarah Kahn, “rising demand has mostly been the result of the proliferation of the internet into nearly all financial activities.” Most point-of-sale systems can quickly accept credit or debit cards for payment, which also makes them an easy target for identity fraud. In addition, the rise of internet banking has made it easy for a person's entire finances to come under threat as the result of compromised passwords. Finally, the use of mobile phones in both financial account management and, increasingly, financial transactions have created another target for identity thieves. Due to these factors, demand for identity protection has steadily increased over the past five years. A number of high-profile security breaches compromised the financial information of millions of consumers, which also bolstered industry demand, such as the breaches of Zappos, LinkedIn, and Target. These breaches demonstrate to consumers the need for identity protection services and, as a result, demand has increased.

Steady growth is expected to continue over the five years to 2019. This growth will be stimulated by the increasing amounts of personal information shared over the internet and mobile devices, as well as the continued recovery of consumer income and business spending, leading both to invest more in industry services. “Increased regulation poses a threat to long-term growth of the industry, as industry operators are frequently on the receiving end of complaints regarding misleading advertising and contract terms,” says Kahn. Regulatory intervention in this regard will likely lead to depressed revenue for industry operators.

For more information, visit IBISWorld's Identity Theft Protection Services in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld

Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

Companies in the Identity Theft Protection Services industry primarily provide software and services aimed at reducing the risk of identity theft from online or electronic media. Firms frequently use monitoring software to track unauthorized use of credit and other personal information.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.:

Recognized as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service, and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Research Biometric Stocks at Investorideas.com- Biometrics Stocks, Security Stocks, Facial Recognition, Fingerprint Recognition, Voice Recognition, Iris Recognition http://www.investorideas.com/BPS/Stock_List.asp

More Info:

This news is published on the Investorideas.com Newswire and its syndicated partner network

Publish Your News - Send a release
News now!

Get free news alerts: Sign up here

Published at the Investorideas.com Newswire - Big ideas for Global Investors

Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.



Free News Alerts
Email:  





TOP

Investor Ideas © 2000 - 2014 InvestorIdeas.com®, ECON

Sign up here

login | logout | about us | contact | disclaimer / disclosure |
advertise | company profile directory | partners / links |
job search | privacy policy | trade | services | sitemap |