Press release
Mobile Phone Insurance Market trend shows a rapid growth by 2025- Blackberry, American International Group, Assurant, Asurion, Pier Insurance, Brightstar Corp, AT&T, Trov, Vodafone
The global Mobile Phone Insurance market accounted for US$ 16,962.7 Mn in 2017 and is expected to grow at a CAGR of 12.5% during the forecast period 2018 - 2025, to account for US$ 43,448 Mn in 2025.
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Key Benefits-
To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Mobile Phone Insurance Market
To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
The Mobile Phone Insurance Market report is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. The statistics are represented in graphical format for a clear understanding on facts and figures. The readers will find this report very helpful in understanding the Mobile Phone Insurance market in depth.
Leading Mobile Phone Insurance Market Players: Blackberry Limited, American International Group, Inc., Assurant, Inc., Asurion, LLC, Pier Insurance, Brightstar Corp, AT&T Inc., Trov, Vodafone, and Three among others.
Increasing Number of Smartphone Users
The world is becoming increasingly interconnected both socially and economically. Technological adoption trend has become a defining factor among the global population. To that end, the world has witnessed a remarkable rise in smartphone adoption over the past few years. With the increase in smartphones, the mobile industry is experiencing a substantial growth of mobile phones insurance policies offered by various smartphone manufacturers, network operators, insurance companies as well as retailers across the globe.
The insurance companies help the smartphone owners by offering theft or lost insurance, accidental coverage and among others. Thus, increasing smartphone users across geographies is heavily driving the market for mobile phone insurance in the current times and the trend is anticipated to increase in the future.
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Easing the Claiming Procedure
The terms and conditions of the insurance market are many times very critical which pushes the customers to fail to recall the claiming procedures altogether. Some of the sellers offer a defined coverage plan with a fixed premium amount regardless of the smartphone type. On the contrary, other sellers have different premium/amounts to be paid for different coverage needed by the customers. At times, the coverage and the premium/amount differs according to the device, i.e. iOS or Android-based phones.
The simplification of the claiming procedure through clear terms and conditions is anticipated to increase the adoption of mobile insurance plans among the customers in the developed countries as well as in the developing economies in the years to come.
Mobile Phone Insurance - Market Segmentation
By Phone Type
• New Phone
• Refurbished
By Coverage
• Physical Damage
• Electronic Damage
• Virus Protection
• Theft Protection
By Sales Channel
• Mobile Operators
• Device OEMs
• Retailers
• Others
By End-User
• Corporate
• Personal
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Contact Us:
Company: The Insight Partners
Contact: Sameer Joshi
Phone: +1-646-491-9876
Email: sam@theinsightpartners.com
About Us:
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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