Mobile Phone Insurance Market Outlook to 2025 - Pier Insurance, Brightstar Corp, AT&T Inc., Trov, Vodafone, Three, Blackberry Limited, American International Group, Inc., Assurant, Inc., Asurion, LLC
Mobile Phone Insurance Market Is Estimated To Reach US$ 43,448.6 Mn By 2025 From US$ 16,962.7 Mn In 2017
Latest market study on Mobile Phone Insurance Market 2025 by Phone Types (New Phone and Refurbished); Coverage (Physical Damage, Electronic Damage, Virus Protection, and Theft Protection); Sales Channel (Mobile Operators, Device OEMs, Retailers, and Others); and End Users (Corporate and Personal) – Global Analysis and Forecast”,.
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The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments. The scope of study involves understanding on the factors responsible for this growth of Mobile Phone Insurance market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant Mobile Phone Insurance players in the market and their key developments.
The global mobile phone insurance market is a highly fragmented and evolving market worldwide. Leading players in the market captures merely ~50% of the market, whereas rest of the market is occupied by region players including mobile operators, retailer’s operating in that region. The market operates in a highly-competitive marketplace. As leading companies in this 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. Also, due to moderate entry barrier to the industry, tier-2 and tier-2 companies are entering the market to compete with existing players. Key service providers in the industry are based in North America and Europe region. However, the Mobile Phone Insurance market is penetrating at high growth rate in APAC and MEA region in especially in countries such as Philippines, Indonesia, Kenya, etc.
The global mobile phone insurance market by geography is segmented into five region including North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to account for the largest share of the global mobile phone insurance market in 2017, followed by Europe. Germany and UK being two key countries in Europe region which will lead mobile phone insurance market in this region and is also expected to continue its dominance throughout the forecast period from 2017 to 2025.
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The top companies operating in the field of Mobile Phone Insurance include Blackberry Limited, American International Group, Inc., Assurant, Inc., Asurion, LLC, Pier Insurance, Brightstar Corp, AT&T INC., Trov, Vodafone, and Three. Various other companies are also operating in the market and are coming up with new technologies and offerings which is helping the market for Mobile Phone Insurance to expand over the years in terms of revenue and subscription.
The report segments the global Mobile Phone Insurance Market as follows:
• Global Mobile Phone Insurance Market – By Phone Type
o New Phone
• Global Mobile Phone Insurance Market – By Coverage
o Physical Damage
o Electronic Damage
o Virus Protection
o Theft Protection
• Global Mobile Phone Insurance Market – By Sales Channel
o Mobile Operators
o Device OEMs
• Global Mobile Phone Insurance Market – By End Users
• Global Mobile Phone Insurance Market – By Geography
o North America
Rest of Europe
o Asia Pacific (APAC)
Rest of Asia Pacific
o Middle East and Africa
Rest of Middle East and Africa
o South America
Rest of South America
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