What Fueled The Previous Growth In The Travelers Identity Protection Services Market?
The travelers identity protection services market has seen considerable growth due to a variety of factors.
• The travelers identity protection services market has expanded strongly in recent years. It will grow from $9.36 billion in 2024 to $10.17 billion in 2025, at a CAGR of 8.7%.
Growth factors include the increasing demand for mobile-based solutions, rising online transactions, higher adoption of mobile devices, and increased business travel spending.
What Is The Expected Growth In The Travelers Identity Protection Services Market Size Evolve over the Forecast Period?
The travelers identity protection services market is expected to maintain its strong growth trajectory in upcoming years.
• The travelers identity protection services market is forecasted to grow to $14.03 billion by 2029, with a CAGR of 8.4%.
This growth is driven by rising social illness, increased cybersecurity, digitalization, online security services, and demand for personalized services. Trends include AI and machine learning, comprehensive solutions, mobile wallet integrations, market expansion, and consumer education.
What Main Forces Are Fueling Expansion In The Travelers Identity Protection Services Market?
The escalating incidences of online scams and frauds are projected to boost the expansion of the travelers identity protection services market. Such scams and frauds, conducted over the internet, typically involve deceptive tactics to rob personal information, money, or other assets from individuals or entities. This growth is spurred on by increasing digital activities and the advanced strategies used by cybercriminals. Identity protection services designed for travelers help lessen the impact of the growing online scams and frauds by offering resources and assistance to secure personal data and identify fraudulent actions. For example, the Internet Crime Complaint Center (IC3), a U.S.-based centralized hub for lodging cybercrime complaints, recorded investment fraud complaints in March 2023 to have risen by 127%, from $1.45 billion in 2021 to $3.31 billion in 2022. Cryptocurrency investment fraud rose even more drastically, at 183%, from $907 million to $2.57 billion within the same period. As such, the escalating incidences of online scams and frauds are fueling the growth of the travelers identity protection services market.
What Are The Primary Segments In The Global Travelers Identity Protection Services Market?
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
Subsegments:
1) By Credit Card Fraud: Card Not Present (CNP) Fraud, Lost Or Stolen Card Fraud, Account Takeover Fraud
2) By Bank Fraud: Unauthorized Transactions, Phishing Scams, Wire Transfer Fraud
3) By Phone Fraud: SIM Swap Fraud, Robocalls And Phishing, Spoofing And Caller ID Manipulation
Pre-Book The Travelers Identity Protection Services Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Travelers Identity Protection Services Industry?
Top corporations in the traveler identity protection services industry are concentrating on creating cutting-edge solutions such as biometric technology to boost passenger identification and reinforce security. Biometric technology involves using exclusive biological characteristics, like fingerprints, facial identification, or iris scans for effective and safe confirmation of a traveler's identity. For example, in January 2022, Idemia, a company based in France that specializes in cryptography and biometrics technology, introduced ID2Travel in North America, an inventive traveler identity platform. The platform augments the travel experience utilizing identity management and biometric identification to ensure a seamless, safe, and expedited travel process. ID2Travel can be incorporated into different travel systems, including airports and airlines, and leverages Idemia's proprietary biometric capture technologies, recognized by the National Institute of Standards and Technology (NIST). Passengers can sign up into the system from the comfort of their homes using their mobile devices, by scanning their state ID or passport and clicking a selfie for verification. Once registered, travelers can utilize biometrics to smoothly navigate through an airport, from check-ins to boarding.
Who Are the Key Players In The Travelers Identity Protection Services Market?
Major companies operating in the travelers identity protection services 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
What Is The Most Dominant Region In The Travelers Identity Protection Services Market?
North America was the largest region in the travelers identity protection services market in 2024. 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.
