Identity Theft Insurance Market Report 2025 (Global Edition)

Global Identity Theft Insurance Market Report 2025 Market Size Split by Type Outlook: (Credit Card Fraud, Employment or Tax-Related Fraud, Phone or Utilities Fraud, Bank Fraud, Others), by Application...

Identity Theft Insurance Market Report Description

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Competitive Landscape of the Identity Theft Insurance Market

The Identity Theft Insurance market is highly competitive, featuring major players like NortonLifeLock, Experian, and IdentityGuard who lead with comprehensive protection and advanced technology. Companies focus on differentiating through robust fraud detection, credit monitoring, and recovery services. The market is also influenced by factors such as technological innovations, regulatory changes, and increasing consumer awareness. Competitive strategies include offering personalized coverage, leveraging AI for fraud prevention, and expanding service portfolios to address evolving identity theft threats.

November 2023: FRISS has introduced the RISS Accelerator for Claims Analytics for ClaimCenter Cloud. This launch utilizes the advanced features of the Guidewire Cloud Integration Framework, which is now accessible through the Guidewire Marketplace for ClaimCenter users on Guidewire Cloud. (Source: https://marketplace.guidewire.com/s/product/friss-accelerator-for-claims-analytics-for-claimcenter-cloud/01t3n00000T0F8mAAF?language=en_US)

Top Companies Market Share in Identity Theft Insurance Industry: (In no particular order of Rank)

• NortonLifeLock Inc.
• Experian
• IdentityGuard (by IBM)
• PrivacyGuard (by Trilegiant)
• Allstate Identity Protection
• ADT Identity Protection
• Zander Insurance Group
• ID Watchdog
• Credit Karma
• Equifax
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Identity Theft Insurance Market

Which Region Dominates the Identity Theft Insurance Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's high awareness of identity theft risks and a well-established insurance infrastructure. The region's strong regulatory environment, coupled with widespread adoption of digital services, increases the demand for protective measures. Additionally, significant consumer spending on security products and the presence of leading insurance providers contribute to North America's dominance, as individuals and businesses seek comprehensive identity theft protection solutions.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the Identity Theft Insurance market due to rapid digitalization, rising internet usage, and increasing cybersecurity threats. Growing awareness of identity theft risks, coupled with expanding middle-class populations and higher disposable incomes, drives demand for insurance solutions. Additionally, regional economic growth and increasing adoption of online services contribute to the heightened need for identity theft protection, propelling market expansion in this dynamic region.

The current report Scope analyzes Identity Theft Insurance Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Identity Theft Insurance

<P>According to Cognitive Market Research, the global Identity Theft Insurance market size was estimated at USD 715.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 286.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2031.</P> <ul><li>According to Cognitive Market Research, the US had a major share in the Identity Theft Insurance market with a market size of USD 225.84 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. The nation's high consumer awareness of identity theft risks and robust insurance infrastructure also contribute to this growth.</li> <li>The Canada Identity Theft Insurance market had a market share of USD 34.35 million in 2024 and is projected to grow at a CAGR of 14.0% during the forecast period. Strong regulatory environment will drive the Identity Theft Insurance market.</li> <li>The Mexico Identity Theft Insurance market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 26.05 million in 2024.</li></ul>

Asia Pacific Identity Theft Insurance

<P>According to Cognitive Market Research, the global Identity Theft Insurance market size was estimated at USD 715.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 164.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.0% from 2024 to 2031.</P> <ul><li>According to Cognitive Market Research, the China Identity Theft Insurance market size was valued at USD 74.06 million in 2024 and is projected to grow at a CAGR of 16.5% during the forecast period. Identity Theft Insurance surged in China due to rapid digitalization, rising internet use, and increasing cybersecurity threats.</li> <li>The Japan Identity Theft Insurance market is projected to witness growth at a CAGR of 15.5% during the forecast period, with a market size of USD 22.71 million in 2024.</li> <li>The India Identity Theft Insurance market had a market share of USD 19.75 million in 2024 and is projected to grow at a CAGR of 18.8% during the forecast period. India's heightened awareness of digital risks and the growing number of online transactions is anticipated to drive Identity Theft Insurance market.</li> <li>The South Korean Identity Theft Insurance market is projected to witness growth at a CAGR of 16.1% during the forecast period, with a market size of USD 16.46 million in 2024.</li> <li>The Australian Identity Theft Insurance market is projected to witness growth at a CAGR of 16.7% during the forecast period, with a market size of USD 8.56 million in 2024.</li> <li>The South East Asia Identity Theft Insurance market is projected to witness growth at a CAGR of 18.0% during the forecast period, with a market size of USD 11.36 million in 2024.</li> <li>The Rest of Asia Pacific Identity Theft Insurance market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 11.69 million in 2024.</li></ul>

South America Identity Theft Insurance

<P>According to Cognitive Market Research, the global Identity Theft Insurance market size was estimated at USD 715.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 35.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031. .</P> <ul><li>According to Cognitive Market Research, the Brazil Identity Theft Insurance market size was valued at USD 15.31 million in 2024 and is projected to grow at a CAGR of 15.0% during the forecast period. Identity Theft Insurances flourished in Brazil due to increasing digital activity and rising cases of cybercrime.</li> <li>Argentina's Identity Theft Insurance market had a market share of USD 6.01 million in 2024 and is projected to grow at a CAGR of 15.3% during the forecast period. Argentina's technological advancements augment the demand.</li> <li>Colombia Identity Theft Insurance market is projected to witness growth at a CAGR of 14.2% during the forecast period, with a market size of USD 3.18 million in 2024.</li> <li>Peru Identity Theft Insurance market is projected to witness growth at a CAGR of 14.6% during the forecast period, with a market size of USD 2.93 million in 2024.</li> <li>Chile Identity Theft Insurance market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 2.58 million in 2024.</li> <li>The Rest of Latin America's Identity Theft Insurance market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 5.76 million in 2024.</li></ul>

Middle East and Africa Identity Theft Insurance

<P>According to Cognitive Market Research, the global Identity Theft Insurance market size was estimated at USD 715.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 14.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.7% from 2024 to 2031..</P> <ul><li>The GCC Countries Identity Theft Insurance market is projected to witness growth at a CAGR of 15.5% during the forecast period, with a market size of USD 6.13 million in 2024. Identity Theft Insurance sales flourish due to increasing digitalization and rising incidents of cybercrime.</li> <li>The Egypt Identity Theft Insurance market is projected to witness growth at a CAGR of 15.0% during the forecast period, with a market size of USD 1.50 million in 2024.</li> <li>The South Africa Identity Theft Insurance market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 2.26 million in 2024. Identity Theft Insurance sales flourish in South Africa due to heightened awareness of security risks and the adoption of more comprehensive regulatory measures.</li> <li>The Turkey Identity Theft Insurance market is projected to witness growth at a CAGR of 14.2% during the forecast period, with a market size of USD 1.23 million in 2024.</li> <li>The Nigeria Identity Theft Insurance market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 1.50 million in 2024.</li> <li>The Rest of MEA Identity Theft Insurance market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 1.69 million in 2024.</li></ul>

Identity Theft Insurance Market Analysis

How are Segments Performing in the Global Identity Theft Insurance Market?

Identity Theft Insurance Market Type Segment Analysis

According to Cognitive Market Research, Credit Card Fraud stands out as the dominant category. Credit card fraud captured the largest market share in the Identity Theft Insurance market due to its prevalence and high financial impact. The widespread use of credit cards and frequent online transactions increase the risk of credit card fraud, making it a primary concern for consumers. Insurance products that cover credit card fraud offer essential protection against unauthorized charges and financial losses, leading to high demand for coverage that addresses this common and costly form of identity theft.

Employment or tax-related fraud is growing at the highest CAGR in the Identity Theft Insurance market due to rising incidents of fraudulent tax returns and employment claims. Increased data breaches and sophisticated cyber-attacks expose personal information, leading to fraudulent activities involving tax refunds and employment records. As awareness of these risks increases and regulatory scrutiny intensifies, consumers and businesses seek insurance solutions that address these specific threats, driving rapid market growth in this segment.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Identity Theft Insurance Industry. Request a Free Sample PDF!

Identity Theft Insurance Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is Individuals. The Individuals application captured the largest market share in the Identity Theft Insurance market due to the high demand for personal protection against identity theft. Individuals seek coverage to safeguard their financial assets and personal information from fraud and theft. The growing awareness of identity theft risks, coupled with increased digital transactions, drives demand for comprehensive protection tailored to individual needs. This focus on personal security results in a substantial market share for individual-focused insurance policies.

The Business application is growing at the highest CAGR in the Identity Theft Insurance market due to increasing incidents of cyberattacks and data breaches targeting organizations. As businesses face significant risks related to fraudulent activities, including financial losses and reputational damage, they seek comprehensive insurance solutions to mitigate these threats. Growing regulatory requirements and heightened awareness of cybersecurity risks drive businesses to invest in robust identity theft protection, fueling rapid market growth in this segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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