What is Employee Identity Theft Protection Market?
Identity theft is a serious as well as escalating problem for both employees and employers. It imposes tremendous costs in terms of lost productivity at work and personal stress. Hence, the Identity Protection Services have quickly become a high-value employee benefit. Workers also may need to spend dozens to hundreds of hours to restore their personally identifiable information, so any steps can be taken to eliminate that potential headache likely will be paid back many times over in improved employee morale and loyalty.
The market study is being classified, by Application (Consumer Service and Enterprise Service) and major geographies with country level break-up.
LifeLock (United States), Success Consulting (United States), InfoArmor, Inc. (United States), CyberScout (United States), IdentityForce (United States), Identity Guard (United States), IdentityIQ (United States), LegalShield (United States) and ZeroFox (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Employee Identity Theft Protection market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Employee Identity Theft Protection market by Type, Application and Region.
On the basis of geography, the market of Employee Identity Theft Protection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Investments in Identity Theft Protection Services
- Reliance on Internet Based Financial Transactions
- Rising Emphasis on Electronic Ids by Federal Governments Worldwide
- Higher Costs Associated with the Services
- Increasing Concerns for Data Privacy
- Presence of Major Players are Fueling the Competition
Key Target AudienceIdentity theft protection service provider, Government associations, Research organisations, software vendors and Others
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