The APAC & MEA identity theft protection and verification market is projected to reach US$ 9,232.35 million by 2028 from US$ 4,380.54 million in 2022; it is expected to register a CAGR of 14.1% during 2023–2028.
Major economies of APAC and MEA are witnessing an upward trend of digital transactions. As per an April 2023 press release of Al Ansari Financial Services (a leading integrated financial services group in the UAE), the company's digital channels recorded 340,000 transactions in March 2023, signifying a growth of 30% in the first quarter of 2023 as compared to that of 2022. Conformably to the data released in August 2022, a study conducted in 2021 by the Saudi Central Bank found electronic payments to represent 94% of all payment values. The report also conveyed that electronic payment methods for all outward payments to individuals, business establishments, or other government agencies are the most preferred payment methods for the Saudi government sector. As per the data from the Reserve Bank of India (RBI), digital transactions in India for the financial years 2018–2019, 2019–2020, 2020–2021, and 2021–2022 were ~US$ 283.38 million, US$ 414.10 million, US$ 532.75 million, and US$ 876.58 million, respectively. The rise in digital transactions has fueled the requirement to authenticate users remotely. The Know Your Customer (KYC) requirements for new users have also gone up. These factors cumulatively favor the APAC & MEA identity theft protection and verification market growth.
APAC & MEA Identity Theft Protection and Verification Market -
Strategic Insights
Market Insights – APAC & MEA Identity Theft Protection and Verification Market
Telecommunications Sector to Offer Opportunities for APAC & MEA Identity Theft Protection and Verification Market Growth in Coming Years
The global economic downturn and high-interest rates are disrupting the banking industry's growth. Similarly, high semiconductor prices and inflation are restricting the smartphone market. Despite this, banking penetration in several APAC countries has risen steadily and quickly. As per the RBI, the per capita bank deposits to income ratio rose to 71.2 in 2022 from 15.8 in 1972, supported by both developments in the banking system and financial inclusion policies. It also mentions that in 2022, one commercial bank branch was available for every 9,000 citizens, compared to one for 40,000 citizens in 1972. Again, the rollout of 5G is transforming the telecom sector in India. CLSA Ltd estimates that the country’s mobile data penetration could increase to 80% by 2025, from 69% in 2022, primarily fueled by 5G rollouts of Jio Telecom and Bharti Airtel. Both telecom and banks are required to perform thorough KYC checks of customers. This rise in user base is expected to offer ample growth opportunities for APAC & MEA identity theft protection and verification market players.
Impact of COVID-19 Pandemic on APAC & MEA Identity Theft Protection and Verification Market
The onset of the COVID-19 crisis in 2020 led to a steep rise in digital transactions, positively impacting APAC & MEA identity theft protection and verification market size. Several factors led to the same. All major regions suffered a significant downturn in the first half of 2020. Enactment of lockdowns and travel restrictions, shutdown of production facilities, and shortage of employees adversely affected the performances of most verticals. According to the Organization for Economic Co-operation and Development (OECD), the pandemic affected major countries such as India, China, Australia, and Japan. Additionally, the 'waves' came at different time points in each country of the region. Hence, multinational companies operating in APAC had to reconfigure their businesses to accommodate all their employees. Employees were granted WFH to keep the companies functional, resulting in scattered and less congested enterprise networks. It caused a decline in telecom services demand from the enterprise sector while increasing individual demand. Non-homogenous travel restrictions in different countries led multinational companies in the region to continue remote operations. It led to a rise in new mobile data connections, prompting the requirement for remote user verification and online payment of subscriptions. Hence, digital transactions witnessed a record growth despite such a tumultuous business scenario. Such factors collectively boosted the APAC & MEA identity theft protection and verification market size.
The report provides detailed market insights, which help the key APAC & MEA identity theft protection and verification market players strategize their market growth. A few developments are mentioned below:
- In March 2023, STC Kuwait adopted AccuraScan’s solution for identity verification and digital KYC during customer onboarding.
- In January 2023, McAfee launched three McAfee+ family plan that offers increasing levels of identity and privacy protection for consumers. The solution also removes personal information from risky data broker sites with Personal Data Clean-up.
APAC & MEA identity theft protection and verification market players profiled in this report are as follows:
- AllClear ID
- Bitdefender
- CrowdStrike
- Equifax Inc
- IDMERIT
- Mcaffe LLC
- Gen Digital Inc
- Ravelin Technology Ltd
- Shuftipro Ltd
- Thales Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Fraud Type, and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Bahrain, India, Indonesia, Kenya, Kuwait, Malaysia, Nigeria, Philippines, Qatar, Saudi Arabia, Singapore, South Africa, Thailand, United Arab Emirates, Vietnam
Frequently Asked Questions
The estimated market size for the APAC & MEA identity theft protection and verification market in 2022 is expected to be around US$ 4,380.54 million.
The surge in digital transactions and supportive initiatives from authorities are driving the market.
Higher integration of AI and ML are expected in identity theft protection and verification solutions.
Gen Digital Inc, Thales SA, CrowdStrike Holdings Ltd, McAfee Corp, and Bitdefender SRL are the key market players expected to hold a major market share of APAC & MEA identity theft protection and verification market in 2022.
China is expected to hold a major market share of APAC & MEA identity theft protection and verification market in 2022.
The global market size of APAC & MEA identity theft protection and verification market by 2028 will be around US$ 9,232.35 million.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC & MEA Identity Theft Protection and Verification Market – By Component
1.3.2 APAC & MEA Identity Theft Protection and Verification Market – By Fraud Type
1.3.3 APAC & MEA Identity Theft Protection and Verification Market – By Vertical
1.3.4 APAC & MEA Identity Theft Protection and Verification Market- By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Identity Theft Protection and Verification Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.2.2 MEA
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Identity Theft Protection and Verification Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rise in Digital Transactions
5.1.2 Supportive Initiatives from Institutions and Authorities
5.2 Key Market Restraints
5.2.1 Lack of Skilled Workforce
5.3 Key Market Opportunities
5.3.1 Infrastructural Growth Promoting Banking and Telecom Penetration
5.3.2 Growth of Gaming and Gambling Industries
5.4 Future Trends
5.4.1 Integration of AI and Machine Learning (ML)
5.4.2 Growing Acceptance of Mobile Payments and Digital Wallets
5.5 Impact Analysis of Drivers and Restraints
6. Identity Theft Protection and Verification Market – APAC & MEA Analysis
6.1 APAC & MEA Identity Theft Protection and Verification Market Overview
6.2 APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. APAC & MEA Identity Theft Protection and Verification Market Analysis – By Component
7.1 Overview
7.2 APAC & MEA Identity Theft Protection and Verification Market Breakdown, By Component (2022 and 2028)
7.3 Solutions
7.3.1 Overview
7.3.2 Solutions: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
8. APAC & MEA Identity Theft Protection and Verification Market Analysis – By Fraud Type
8.1 Overview
8.2 APAC & MEA Identity Theft Protection and Verification Market Breakdown, By Fraud Type (2022 and 2028)
8.3 Bank-Related Fraud
8.3.1 Overview
8.3.2 Bank-Related Fraud: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
8.4 Tax-Related Fraud
8.4.1 Overview
8.4.2 Tax-Related Fraud: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
8.5 Phone-Related Fraud
8.5.1 Overview
8.5.2 Phone-Related Fraud: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
9. Identity Theft Protection and Verification Market Analysis – By Vertical
9.1 Overview
9.2 Identity Theft Protection and Verification Market Breakdown, By Vertical (2022 and 2028)
9.3 Insurance Companies
9.3.1 Overview
9.3.2 Insurance Companies: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
9.4 Healthcare Sector
9.4.1 Overview
9.4.2 Healthcare Sector: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
9.5 Telecommunications Sector
9.5.1 Overview
9.5.2 Telecommunications Sector: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
9.6 Airlines
9.6.1 Overview
9.6.2 Airlines: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
10. APAC & MEA Identity Theft Protection and Verification Market – Geographic Analysis
10.1 Overview
10.2 APAC: Identity Theft Protection and Verification Market
10.2.1 APAC: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 APAC: Identity Theft Protection and Verification Market, by Component
10.2.3 APAC: Identity Theft Protection and Verification Market, by Fraud Type
10.2.4 APAC: Identity Theft Protection and Verification Market, by Vertical
10.2.5 APAC: Identity Theft Protection and Verification Market, by Key Country
10.2.5.1 Australia: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 Australia: Identity Theft Protection and Verification Market, by Component
10.2.5.1.2 Australia: Identity Theft Protection and Verification Market, by Fraud Type
10.2.5.1.3 Australia: Identity Theft Protection and Verification Market, by Vertical
10.2.5.2 India: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 India: Identity Theft Protection and Verification Market, by Component
10.2.5.2.2 India: Identity Theft Protection and Verification Market, by Fraud Type
10.2.5.2.3 India: Identity Theft Protection and Verification Market, by Vertical
10.2.5.3 Indonesia: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Indonesia: Identity Theft Protection and Verification Market, by Component
10.2.5.3.2 Indonesia: Identity Theft Protection and Verification Market, by Fraud Type
10.2.5.3.3 Indonesia: Identity Theft Protection and Verification Market, by Vertical
10.2.5.4 Singapore: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.4.1 Singapore: Identity Theft Protection and Verification Market, by Component
10.2.5.4.2 Singapore: Identity Theft Protection and Verification Market, by Fraud Type
10.2.5.4.3 Singapore: Identity Theft Protection and Verification Market, by Vertical
10.2.5.5 Malaysia: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.5.1 Malaysia: Identity Theft Protection and Verification Market, by Component
10.2.5.5.2 Malaysia: Identity Theft Protection and Verification Market, by Fraud Type
10.2.5.5.3 Malaysia: Identity Theft Protection and Verification Market, by Vertical
10.2.5.6 Thailand: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.6.1 Thailand: Identity Theft Protection and Verification Market, by Component
10.2.5.6.2 Thailand: Identity Theft Protection and Verification Market, by Fraud Type
10.2.5.6.3 Thailand: Identity Theft Protection and Verification Market, by Vertical
10.2.5.7 Philippines: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.7.1 Philippines: Identity Theft Protection and Verification Market, by Component
10.2.5.7.2 Philippines: Identity Theft Protection and Verification Market, by Fraud Type
10.2.5.7.3 Philippines: Identity Theft Protection and Verification Market, by Vertical
10.2.5.8 Vietnam: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.8.1 Vietnam: Identity Theft Protection and Verification Market, by Component
10.2.5.8.2 Vietnam: Identity Theft Protection and Verification Market, by Fraud Type
10.2.5.8.3 Vietnam: Identity Theft Protection and Verification Market, by Vertical
10.2.5.9 Rest of APAC: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.9.1 Rest of APAC: Identity Theft Protection and Verification Market, by Component
10.2.5.9.2 Rest of APAC: Identity Theft Protection and Verification Market, by Fraud Type
10.2.5.9.3 Rest of APAC: Identity Theft Protection and Verification Market, by Vertical
10.3 MEA: Identity Theft Protection and Verification Market
10.3.1 MEA: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 MEA: Identity Theft Protection and Verification Market, by Component
10.3.3 MEA: Identity Theft Protection and Verification Market, by Fraud Type
10.3.4 MEA: Identity Theft Protection and Verification Market, by Vertical
10.3.5 MEA: Identity Theft Protection and Verification Market, by Key Country
10.3.5.1 South Africa: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 South Africa: Identity Theft Protection and Verification Market, by Component
10.3.5.1.2 South Africa: Identity Theft Protection and Verification Market, by Fraud Type
10.3.5.1.3 South Africa: Identity Theft Protection and Verification Market, by Vertical
10.3.5.2 Saudi Arabia: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 Saudi Arabia: Identity Theft Protection and Verification Market, by Component
10.3.5.2.2 Saudi Arabia: Identity Theft Protection and Verification Market, by Fraud Type
10.3.5.2.3 Saudi Arabia: Identity Theft Protection and Verification Market, by Vertical
10.3.5.3 UAE: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 UAE: Identity Theft Protection and Verification Market, by Component
10.3.5.3.2 UAE: Identity Theft Protection and Verification Market, by Fraud Type
10.3.5.3.3 UAE: Identity Theft Protection and Verification Market, by Vertical
10.3.5.4 Kuwait: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 Kuwait: Identity Theft Protection and Verification Market, by Component
10.3.5.4.2 Kuwait: Identity Theft Protection and Verification Market, by Fraud Type
10.3.5.4.3 Kuwait: Identity Theft Protection and Verification Market, by Vertical
10.3.5.5 Qatar: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Qatar: Identity Theft Protection and Verification Market, by Component
10.3.5.5.2 Qatar: Identity Theft Protection and Verification Market, by Fraud Type
10.3.5.5.3 Qatar: Identity Theft Protection and Verification Market, by Vertical
10.3.5.6 Kenya: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Kenya: Identity Theft Protection and Verification Market, by Component
10.3.5.6.2 Kenya: Identity Theft Protection and Verification Market, by Fraud Type
10.3.5.6.3 Kenya: Identity Theft Protection and Verification Market, by Vertical
10.3.5.7 Bahrain: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.7.1 Bahrain: Identity Theft Protection and Verification Market, by Component
10.3.5.7.2 Bahrain: Identity Theft Protection and Verification Market, by Fraud Type
10.3.5.7.3 Bahrain: Identity Theft Protection and Verification Market, by Vertical
10.3.5.8 Nigeria: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.8.1 Nigeria: Identity Theft Protection and Verification Market, by Component
10.3.5.8.2 Nigeria: Identity Theft Protection and Verification Market, by Fraud Type
10.3.5.8.3 Nigeria: Identity Theft Protection and Verification Market, by Vertical
10.3.5.9 Rest of MEA: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.9.1 Rest of MEA: Identity Theft Protection and Verification Market, by Component
10.3.5.9.2 Rest of MEA: Identity Theft Protection and Verification Market, by Fraud Type
10.3.5.9.3 Rest of MEA: Identity Theft Protection and Verification Market, by Vertical
11. Identity Theft Protection and Verification Market- COVID-19 Impact Analysis
11.1 Overview
11.2 APAC: Impact Assessment of COVID-19 Pandemic
11.3 MEA
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 AllClear ID Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Bitdefender Srl
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 CrowdStrike Holdings Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Equifax Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Gen Digital Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 IDMERIT LLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 McAfee Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Ravelin Technology Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Shufti Pro Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Thales SA
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC & MEA Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Identity Theft Protection and Verification Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 3. APAC: Identity Theft Protection and Verification Market, by Fraud Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. APAC: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 5. APAC Identity Theft Protection and Verification Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 6. Australia: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 7. Australia: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Australia: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 12. Indonesia: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 13. Indonesia: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Indonesia: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 15. Singapore: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 16. Singapore: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Singapore: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 18. Malaysia: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 19. Malaysia: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Malaysia: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 21. Thailand: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 22. Thailand: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Thailand: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 24. Philippines: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 25. Philippines: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Philippines: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 27. Vietnam: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 28. Vietnam: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Vietnam: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 30. Rest of APAC: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of APAC: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of APAC: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 33. MEA: Identity Theft Protection and Verification Market, by Component– Revenue and Forecast to 2028 (US$ Million)
Table 34. MEA: Identity Theft Protection and Verification Market, by Fraud Type– Revenue and Forecast to 2028 (US$ Million)
Table 35. MEA: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 36. MEA Identity Theft Protection and Verification Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 37. South Africa: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 38. South Africa: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. South Africa: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 40. Saudi Arabia: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 41. Saudi Arabia: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 43. UAE: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 44. UAE: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. UAE: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 46. Kuwait: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 47. Kuwait: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. Kuwait: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 49. Qatar: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 50. Qatar: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Qatar: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 52. Kenya: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 53. Kenya: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Kenya: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 55. Bahrain: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 56. Bahrain: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Bahrain: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 58. Nigeria: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 59. Nigeria: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. Nigeria: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 61. Rest of MEA: Identity Theft Protection and Verification Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 62. Rest of MEA: Identity Theft Protection and Verification Market, by Fraud Type – Revenue and Forecast to 2028 (US$ Million)
Table 63. Rest of MEA: Identity Theft Protection and Verification Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 64. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC & MEA Identity Theft Protection and Verification Market Segmentation
Figure 2. APAC & MEA Identity Theft Protection and Verification Market Segmentation – By Geography
Figure 3. APAC & MEA Identity Theft Protection and Verification Market Overview
Figure 4. Services held the largest share of APAC & MEA Identity Theft Protection and Verification Market in 2022
Figure 5. Bank-Related Fraud held the largest share of APAC & MEA Identity Theft Protection and Verification Market in 2022
Figure 6. Insurance Companies held the largest individual share of APAC & MEA Identity Theft Protection and Verification Market in 2022
Figure 7. APAC to Show Great Traction During Forecast Period
Figure 8. APAC: PEST Analysis
Figure 9. MEA: PEST Analysis
Figure 10. Identity Theft Protection and Verification Market – Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. Impact Analysis of Drivers and Restraints
Figure 13. Identity Theft Protection and Verification Market – APAC & MEA Analysis
Figure 14. APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC & MEA Identity Theft Protection and Verification Market Breakdown, By Component (2022 and 2028)
Figure 16. Solutions: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Services: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC & MEA Identity Theft Protection and Verification Market Breakdown, By Fraud Type (2022 and 2028)
Figure 19. Bank-Related Fraud: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Tax-Related Fraud: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Phone-Related Fraud: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Others: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Identity Theft Protection and Verification Market Breakdown, By Vertical (2022 and 2028)
Figure 24. Insurance Companies: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Healthcare Sector: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Industrial: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Airlines: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: APAC & MEA Identity Theft Protection and Verification Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. APAC & MEA Identity Theft Protection and Verification Market Revenue Share, by Region (2022 and 2028)
Figure 30. APAC: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. APAC: Identity Theft Protection and Verification Market Revenue Share, by Component (2022 and 2028)
Figure 32. APAC: Identity Theft Protection and Verification Market Revenue Share, by Fraud Type (2022 and 2028)
Figure 33. APAC: Identity Theft Protection and Verification Market Revenue Share, by Vertical (2022 and 2028)
Figure 34. APAC: Identity Theft Protection and Verification Market Revenue Share, by Key Country (2022 and 2028)
Figure 35. Australia: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. India: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Indonesia: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Singapore: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Malaysia: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Thailand: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Philippines: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Vietnam: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of APAC: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. MEA: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. MEA: Identity Theft Protection and Verification Market Revenue Share, by Component (2022 and 2028)
Figure 46. MEA: Identity Theft Protection and Verification Market Revenue Share, by Fraud Type (2022 and 2028)
Figure 47. MEA: Identity Theft Protection and Verification Market Revenue Share, by Vertical (2022 and 2028)
Figure 48. MEA: Identity Theft Protection and Verification Market Revenue Share, by Key Country (2022 and 2028)
Figure 49. South Africa: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Saudi Arabia: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. UAE: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Kuwait: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Qatar: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Kenya: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Bahrain: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Nigeria: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Rest of MEA: Identity Theft Protection and Verification Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 59. Impact of COVID-19 Pandemic in MEA Country Markets
The List of Companies - APAC and MEA Identity Theft Protection and Verification Market
- AllClear ID
- Bitdefender
- CrowdStrike
- Equifax Inc
- IDMERIT
- Mcaffe LLC
- Gen Digital Inc
- Ravelin Technology Ltd
- Shuftipro Ltd
- Thales Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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