Press release
Mobile Phone Insurance Market 2018 Increasing Demand with Leading Key Players Blackberry Limited, American International Group, Inc., Assurant, Inc., Asurion, LLC, Pier Insurance, Brightstar Corp, AT&T Inc., Trov, Vodafone
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The Mobile Phone Insurance Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
Top Companies profiled in this report includes, Blackberry Limited, American International Group, Inc., Assurant, Inc., Asurion, LLC, Pier Insurance, Brightstar Corp, AT&T Inc., Trov, Vodafone, and Three among others.
As leading companies in mobile phone insurance market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Various companies in the value chain are acquiring other local players and operating through joint ventures with retailers in the market to maintain their position in market and provide efficient solutions to its customers.
While smartphone penetration in the developed regions such as U.S. and European markets comprises big chunk of the market, on contrary the developing nations across the globe are still in emerging stage. Competitive pricing and refurbished mobile phone market will be leading trend to drive the mobile device insurance adoption in near future. However, the trend may vary as per customer willingness and mobile phone penetration from region to region. Statistics says global secondhand and refurbished mobile phone market was approx. US$ 17 Bn in 2016 with the growth of 50% year-on-year. This will bring new prospects for the mobile insurance market. Besides, data and virus protection are another lucrative business segment which is propelling the market in the forward direction. Mobile user these days apart from physical insurance plans is looking for virus and data protection plan as well. This unlocks new growth opportunities as bundled protection plans, offering full protection to mobile phones.
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The mobile phone insurance market report focuses on an in-depth segmentation of this market based by phone types, coverage, sales channel, and end users. The geographic segmentation of the report covers major regions including; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). The regional market has been further categorized by respective countries. By phone types segment new phone segment dominated the market heavily and it is anticipated to continue its dominance throughout the forecast period from 2018 – 2025; whereas, regionally, North America accounted to hold the largest chunk in global mobile phone insurance market in 2017 and Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period from 2018 - 2025.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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