The global identity theft protection services market size reached US$ 10.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.8 Billion by 2032, exhibiting a growth rate (CAGR) of 9.83% during 2024-2032. The growing service utilization to prevent bank frauds, increasing service adoption to address utility frauds, extensive research and development (R&D) activities, and the implementation of strict regulations by several governments are some of the major factors propelling the market.