The travelers identity protection services global market report 2024
from The Business Research Company provides comprehensive market
statistics, including global market size, regional shares, competitor
market share, detailed segments, trends, and opportunities. This report
offers an in-depth analysis of current and future industry scenarios,
delivering a complete perspective for thriving in the industrial
automation software market.
Travelers Identity Protection
Services Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The
travelers identity protection services market size has grown strongly in
recent years. It will grow from $8.64 billion in 2023 to $9.36 billion
in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in
the historic period can be attributed to increasing demand for
mobile-based solutions, rising trends among travelers, rising online
transactions, rising adoption of mobile devices, and growing business
travel spending.
The travelers identity protection services market
size is expected to see strong growth in the next few years. It will
grow to $12.96 billion in 2028 at a compound annual growth rate (CAGR)
of 8.5%. The growth in the forecast period can be attributed to growing
social illness, growing use of cybersecurity, growing digitalization
initiatives, increasing use of online security services, and growing
demand for personalized services. Major trends in the forecast period
include the adoption of AI and machine learning, demand for
comprehensive solutions, integration with mobile and digital wallets,
expansion of services to emerging markets, and a focus on consumer
education.
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Scope Of Travelers Identity Protection Services Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers -
The growing number of online scams and frauds is expected to
significantly boost the demand for travelers' identity protection
services in the near future. Online scams and frauds encompass deceptive
practices conducted over the internet aimed at stealing money, personal
information, or other assets from individuals or organizations. The
prevalence of these scams is on the rise due to increased digital
activity and the evolving sophistication of cybercriminal tactics.
Travelers' identity protection services help mitigate the effects of
these online scams and frauds by offering tools and support to safeguard
personal information and detect fraudulent activities. For instance, in
March 2023, the Internet Crime Complaint Center (IC3), a U.S.-based
central hub for reporting cybercrime, reported that investment fraud
complaints surged by 127%, escalating from $1.45 billion in 2021 to
$3.31 billion in 2022. Additionally, cryptocurrency investment fraud
witnessed an even more significant rise of 183%, increasing from $907
million to $2.57 billion during the same period. Thus, the rising
incidence of online scams and frauds is driving the demand for
travelers' identity protection services, with continued growth projected
through 2024 and into 2028.
Market Trends -
Major
companies operating in the traveler identity protection services market
are focusing on developing advanced solutions, such as biometric
technology, to enhance passenger identification and improve security.
Biometric technology refers to the use of unique biological traits, such
as fingerprints, facial recognition, or iris scans, to verify and
authenticate a traveler's identity efficiently and securely. For
instance, in January 2022, Idemia, a France-based cryptography and
biometrics technology company, launched ID2Travel, an innovative
traveler identity platform, in North America. This platform enhances the
travel experience by using identity management and biometric
identification, ensuring efficient, secure, and frictionless travel.
ID2Travel can be integrated into various travel infrastructures,
including airports and airlines, and uses Idemia's patented biometric
capture technologies recognized by the National Institute of Standards
and Technology (NIST). Passengers can enroll in the system using their
mobile devices from home by scanning their state ID or passport and
taking a selfie for verification. Once enrolled, travelers can use
biometrics to navigate through the airport seamlessly, from check-in to
boarding.
The travelers identity protection services market covered in this report is segmented –
1) By Type: Credit Card Fraud, Bank Fraud, Phone Fraud
2) By Booking Type: Online Booking, Direct Booking, Phone Booking
3) By Age Group: Below 15 Years, 16 To 25, 26 To 35, 36 To 45, 46 To 55, Above 55
4) By Consumer Orientation: Men, Women, Children
5) By Tourist Type: Domestic, International
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Regional Insights -
North America was the largest region in the travelers identity
protection services market in 2023. Asia-Pacific is expected to be the
fastest-growing region in the forecast period. The regions covered in
the travelers identity protection services market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major
companies in the market are Costco Wholesale Corporation, USAA Identity
Theft Protection, TransUnion LLC, NortonLifeLock, Kroll Identity
Monitoring, Aura, Credit Karma Identity Monitoring, Bankrate LLC, ID
Experts, Zander Insurance, Credit Sesame, PrivacyGuard, Sontiq Inc, ID
Watchdog, IDShield, ProtectMyID, ID Theft Assist, Cyberscout,
IdentitySecure, ReliaShield, IDStrong, IdentityIQ, IdentityHawk
Table of Contents
1. Executive Summary
2. Travelers Identity Protection Services Market Report Structure
3. Travelers Identity Protection Services Market Trends And Strategies
4. Travelers Identity Protection Services Market – Macro Economic Scenario
5. Travelers Identity Protection Services Market Size And Growth
…..
27. Travelers Identity Protection Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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