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Mobile Phone Insurance Market Size to Reach USD 32.24 Bn By 2025

08-08-2019 04:03 PM CET | IT, New Media & Software

Press release from: Research Cosmos

/ PR Agency: Research Cosmos
Mobile Phone Insurance Market

Mobile Phone Insurance Market

The size of the Global mobile phone insurance market is estimated to reach USD 32.24 billion by 2025, growing at a CAGR of 12.5%, as per the recently published report by Research Cosmos. It is worth to claim insurance for mobile phones as we are spending a lot of money on purchasing. The policies include accidental damage, water damage, and screen cracking.

Browse details of the report @

Growing utilization of smartphones and also rise in the incidences of phone thefts are key driving factors for the market to grow. Additionally, increasing awareness towards the terms and condition among consumers is also boosting up the demand of the market.

However, the rise in fraud activities by insurance companies is slowly hampering the demand of the market. Lack of complete knowledge in claiming the insurance has remained a challenging factor for the market.

Coupling of mobile insurance managers and manufacturers is surging growth opportunities for market growth. Launch of new policies in favor of the users such as data protection and increasing customer services are ascribed to bolster the demand of the market.

Geographically, the market is segmented into North America, Asia Pacific, Europe, Middle East, and Africa. North America is ascribed to lead the highest shares of the market by owing to the rise in the development of new technologies and increased sales of mobile phones. The Asia Pacific and Europe have positioned next to North America in accounting highest shares of the market with the rise in accidental damages of mobile phones and also changes in the policies by managers. The Middle East and Africa are expected to have huge growth opportunities in the foreseen years.
Some of the leading players in the mobile phone insurance market are Allianz, AmTrust International, Apple Inc., ASSURANT, INC., Asurion, Aviva, Brightstar Corp., American International Group, Inc., Geek Squad and GoCare Warranty Group.

Ask Free Sample of the report @

Kevin Stewart
Global Sales Manager
+1 888 709 8757
4390 U.S 1, Suite 211,
Princeton, NJ 08540.

Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world-renowned publishers who when combined, serve hundreds of fortune listed companies and publish a wide range of insightful reports which cover nook and corner of every industry vertical.

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