Press release
Mobile Phone Insurance Market Size, Trends, Emerging Growth Factors and Forecasts to 2027 – BLACKBERRY LIMITED, AMERICAN INTERNATIONAL GROUP, ASSURANT, ASURION, PIER INSURANCE MANAGED SERVICES, VODAFONE GROUP PLC, BRIGHTSTAR CORP., AT&T , THREE IRELAND
Mobile Phone Insurance
The report presents the current market analysis scenario, future and future opportunities, revenue growth, prices and profitability. The proprietary data in this report is collected by Insight Partner's dedicated research and analysis team of experienced professionals with advanced statistical expertise and various customization options in the existing study.
The analysis of the global market for Mobile Phone Insurance Market until 2027 is an in-depth study of the Customer Mobile Payment industry, which focuses on global market trends. The report aims to provide an overview of the global market for Mobile Phone Insurance Market with detailed market segmentation by product / application and by region. The global market for Mobile Phone Insurance Market is expected to experience strong Growth over the forecast period.
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Top Key Players Mobile Phone Insurance Market
• BLACKBERRY LIMITED
• AMERICAN INTERNATIONAL GROUP
• ASSURANT
• ASURION
• PIER INSURANCE MANAGED SERVICES
• VODAFONE GROUP PLC
• BRIGHTSTAR CORP.
• AT&T
• THREE IRELAND (HUTCHISON) LIMITED
• TRV
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 global mobile phone insurance market is experiencing an intense growth with regards to the innovations and up gradations of policies and schemes being carried out by the market players and procurement of insurance policies for future in the current scenario. The mobile phone insurance market consists of some well-established players across the globe as well as small firms offering single coverage type as well. The mobile phone insurance market is concentrated with mobile network operators, device OEMs, retailers, and others. These market participants enhance their schemes as per the requirements of the customers. In addition, the smartphones market is significantly growing in respect to new phones as well as refurbished phones across geographies.
Mobile Phone Insurance Market Insights
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.
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.
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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
THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
- The report provides qualitative and quantitative trends of global Mobile Phone Insurance Market across offerings, deployment type, industry vertical, and geography.
- The report starts with the key takeaways (chapter two), highlighting the key trends and outlook of the global Mobile Phone Insurance Market
- Chapter five discusses the global Mobile Phone Insurance Market scenario, in terms of historical market revenues, and forecast till the year 2027.
- Chapter six to nine discuss Mobile Phone Insurance Market segments by offerings, deployment Type, and industry vertical across North America, Europe, Asia-Pacific, Middle East & Africa and South America. They cover market revenue forecast, and factors driving and governing growth.
- Chapter twelve provides the detailed profiles of the key companies operating in the global Mobile Phone Insurance Market. The companies have been profiled on the basis of their key facts, business description, financial overview, SWOT analysis, and key developments.
- Chapter thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, research methodology, contact information, and the disclaimer section.
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Contact Us:
Call: +1-646-491-9876
Email: sales@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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