Mobile Phone Insurance Market Size Reflecting 12.5% CAGR till 2025 with American International, Assurant, Asurion, Blackberry, AT&T, Brightstar Device Protection, Pier Insurance Managed Services, Vodafone group, Three Ireland

A Broad Analysis of the "Mobile Phone Insurance Industry “methodology of the leading organizations in the exactness of import/export Utilization, Market Activity Figures, Cost, Value, Revenue and Gross Edges.

Smartphones today have become an inseparable and integral part of human lives. Human lives are mostly dependent on smartphones for day-to-day activities, which has increased the value proposition of the device. The high-value proposition of these electronic gadgets has near about mandated individuals to opt for insurance covers and reduce the risks associated with losses. In the past few decades, mobile phones have undergone incredible transformations through different designs, features, colors, shapes, and sizes. The current statistics depict a very high penetration of smartphones, especially in the advanced countries of the world. The ubiquity of smartphones is anticipated to further propel the penetration all across the globe.

In this global arena, it has become a mandate for an individual to remain connected 24/7. More than individuals, businesses have found smartphones to play a highly crucial role in seamless operations. Companies having multiple offices in multiple locations of the world are expected to connect with the employees seamlessly. Around one-half of consumers, these days are interested in receiving a replacement smartphone within four hours when lost, stolen, or damaged. Moreover, approximately 60% of the millennial population would be interested in the mobile phone insurance policy, and about a quarter of the elderly population consider it attractive if they receive a replacement within the timeframe. However, a varying trend in consumer behavior for mobile phone insurance products is observed across various regions depending upon factors such as consumer willingness and mobile phone penetration.

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Key Players Influencing the Market

• AMERICAN INTERNATIONAL GROUP, INC.
• ASSURANT, INC.
• ASURION, LLC
• Blackberry limited
• AT&T Inc.
• Brightstar Device Protection, LLC
• Pier Insurance Managed Services Ltd.
• Vodafone group plc
• Three Ireland (Hutchison) Limited
• Trōv, Inc.

The "Global Mobile Phone Insurance Market Analysis to 2025" is a specialized and in-depth study of the Mobile Phone Insurance industry with a focus on the global market trend. The report aims to provide an overview of global Mobile Phone Insurance market with detailed market segmentation by solution, deployment type, application, vertical and geography. The global Mobile Phone Insurance market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

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.

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.

Besides this, the report analyzes factors affecting Mobile Phone Insurance market from both demand and supply side and further evaluates market dynamics affecting 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 considered in the Global Mobile Phone Insurance Market report.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Mobile Phone Insurance market based on the type and application. It also provides market size and forecast till 2025 for overall Mobile Phone Insurance market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Answers that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Mobile Phone Insurance Market.
• Key market trends cracking up the growth of the Mobile Phone Insurance Market.
• Challenges to market growth.
• Key vendors of Mobile Phone Insurance Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Mobile Phone Insurance Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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This release was published on openPR.