Identity Protection Market To Hit $9.2bn In APAC And MEA

Online gaming is growing a lot in APAC and MEA. This is mostly because of mobile internet and smartphones. China, Japan, and South Korea are the biggest markets for online gaming. But, Malaysia, Indonesia, India, Thailand, the Philippines, Singapore, and Vietnam are growing a lot in mobile gaming.

Reportlinker.com released a report on May 30, 2023. The report is about the APAC & MEA Identity Theft Protection and Verification Market. The forecast is until 2028. The report includes the impact of COVID-19 and a regional analysis. The analysis covers the components, fraud types, and vertical. The report link is https://www.reportlinker.com/p06463400/?utm_source=GNW.

More people stayed at home during the pandemic, and that made online gaming more popular. The e-sports business in China was worth a lot more money in 2022 than it was in 2020. Online gambling is also getting bigger in the Asia-Pacific and Middle East regions. Big sporting events, like the FIFA World Cup and the Rugby World Cup, are helping this growth. But people who play online games or gamble could have their identities stolen by bad people who make fake accounts. So, the identity theft protection and verification market in those regions could get bigger because of this.

AI and ML are helping to increase the size of the identity theft protection and verification market in APAC & MEA. The competition in the digital market is tough, with many strong customers and options available.

If onboarding or sign-ups aren't good, people may change to another service provider quickly. People are anxious about their personal data protection when they need to verify their identity with important documents like passports or ID cards.

Businesses are getting more security. This is because they want people to trust them on the internet. Companies that check if people are who they say they are are using a type of AI called ML to do this.

Using machine learning, large amounts of digital transaction data can be analyzed to identify patterns and improve decision-making. This can help with identity verification without the need for human interaction. Machine learning can also detect and flag fraudulent activity quickly. The integration of AI and ML offers growth opportunities for identity theft protection and verification in APAC & MEA.

The APAC & MEA market has parts. These are protection and verification. The market is split into solutions and services.

The type of fraud is split into four groups: bank, tax, phone, and miscellaneous. The identity theft market in APAC & MEA is categorized by business type, including insurance, healthcare, telecom, airlines, and so on.

There are many important companies in the APAC & MEA identity theft protection and verification market. These include AllClear ID, Bitdefender, CrowdStrike, Equifax Inc, IDMERIT, Mcaffe LLC, Gen Digital Inc, Ravelin Technology Ltd, Shuftipro Ltd, and Thales Group.

The market size for identity theft protection and verification in APAC & MEA was found using primary and secondary sources. Secondary research was done with inside and outside sources to get information on the market.

The method helps to see the market's current situation and predict its future for all segments. Moreover, they had interviews with industry people to check the data and to understand it better.

Experts from various fields, including VPs, business development managers, market intelligence managers, and national sales managers are involved in the process. The process also includes external consultants such as valuation experts, research analysts, and key opinion leaders who specialize in the APAC & MEA identity theft protection and verification market. The full report can be read at the provided link.

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