Mobile Phone Insurance Market Revenue, Share and Demands Research Report Forecast to 2027

The mobile phone insurance market is US$ 16,962.7 Mn in 2017 and is estimated to reach US$ $ 43,448 Mn by 2025. The global mobile phone insurance market is experiencing an intense growth with regards to the innovations and up gradations of policies and schemes being carried out by the market players and procurement of insurance policies for future in the current scenario. The mobile phone insurance market for consists of some well-established players across the globe, which invest huge amounts in order to deliver the most enhanced insurance solutions to the customers. The mobile phone insurance market is concentrated with mobile network operators, device OEMs, retailers and others. These market participants enhance their schemes as per the requirements of the customers.

The key trend which will predominantly affect the mobile phone insurance market in the coming year is increased convenience over the claiming procedures. The terms and conditions of the insurance market are sometimes very critical which pushes the customers to fail to recall the claiming procedures altogether. Various sellers offer set coverage and premium amount regardless of the smartphone or coverage required. On the contrary, several sellers have different premium amounts for different coverage needed by the customers. At times, the coverage, and the premium amount differs according to the device i.e. iOS managed phone or Android-based phones. This causes more uncertainty among the customers in the adoption of mobile insurance. This factor possesses a significant opportunity for the insurers to simplify their terms and conditions and cover maximum possible insurance policies under one premium amount.

The target of the examination is to characterize Mobile Phone Insurance advertise sizes of various portions and nations as of late and to conjecture the qualities to the coming eight years. The report is intended to consolidate both subjective and quantitative parts of the business inside every one of the districts and nations associated with the examination. Moreover, the report additionally provides food the point by point data about the significant viewpoints, for example, driving variables and difficulties which will characterize the future development of the market. Furthermore, the report will likewise join accessible open doors in small scale markets for partners to contribute alongside the point by point investigation of focused scene and item contributions of key players.

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The report also includes the profiles of key Mobile Phone Insurance market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

  1. BLACKBERRY LIMITED
    2. AMERICAN INTERNATIONAL GROUP, INC.,
    3. ASSURANT, INC.
    4. ASURION, LLC
    5. PIER INSURANCE MANAGED SERVICES
    6. VODAFONE GROUP PLC
    7. BRIGHTSTAR CORP.
    8. AT&T INC.
    9. THREE IRELAND (HUTCHISON) LIMITED

The detailed segments and sub-segment of the market are explained below:The global mobile phone insurance market is categorized on basis of different types of coverage as physical damage, electronic damage, virus protection and theft protection. The coverage offered by the companies are significantly attractive, depending upon the requirements of the customers. The physical damage protection is the most prominent damage protection plan insured by maximum customers, due to the fact that physical damage occurs unknowingly. Theft protection plans are also prominent among the population as the incidents of smartphone theft is gradually increasing in the current scenario. On the other hand, technological problems also lead the customers to invest huge amounts in repairing the device. Similar is the scenario with virus infections. Pertaining to the potential threats associated with smartphones is increasing the interests among the customers to ensure their devices. This factor is bolstering the demand for various insurance coverage offered by different companies in the mobile phone insurance market.

Regions Covered:

  • North America (USA, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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The overall mobile phone insurance market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, the primary interview was conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include mobile phone insurance market industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the mobile phone market industry.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.

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Customization Offerings:
All the customers of this report will be entitled to receive one of the following customization options:

  • Company Profiling
    o Comprehensive profiling of additional market players
    o SWOT Analysis of key players
  • Regional Segmentation
    o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
  • Competitive Benchmarking
    o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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Organization: Premium Market Insights
Email: [email protected]
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Posted by on Tuesday March 19 2019, 9:01 AM EDT. All trademarks acknowledged. Filed under Banking, Business & Financial Services, Business Services, Featured Press Release, Media, Software & Services, Technology Hardware & Equipment. Comments and Trackbacks closed. Follow responses: RSS 2.0

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