Press release
Mobile Phone Insurance Market Going Beyond Trends To Drive Industry Forward | Apple, AXA, Asurion
The number of smartphone users, as well as the rising incidences of accidental damage, phone thefts, and device malfunction, are driving the global mobile phone insurance market. Mobile phones are extremely vulnerable to physical and technical damage, and the rising cost of smartphones is encouraging consumers to purchase mobile phone insurance policies. Globally, collaborations between mobile phone manufacturers and insurance regulators are also propelling the Mobile Phone Insurance Market. Insurance companies are improving their policies to include recovery features, data protection, and extensive technical support for customers claiming insurance.The growth of the mobile phone insurance market is fueled by an increase in the number of incidents of accidental damage, phone thefts, virus infections, device malfunctions, and the adoption of high-quality smartphones. On the other hand, the recent decline in mobile phone sales has slowed growth. However, the Mobile Phone Insurance Market is expected to see a surge in demand for innovative products, which will open up a slew of new opportunities.
Mobile Phone Insurance Market size was valued at USD 22.6 Billion in 2021 and is projected to reach USD 58.19 Billion by 2027, growing at a CAGR of 12.60% from 2021 to 2027.
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Top Key Players Profiled in This Report: Apple, AXA, Asurion, Assurant, Hollard Group, Chubb (ACE), SoftBank, Allianz Insurance, AmTrust, Aviva
The market covers the latest changes, openings investigation, vital market advancement, esteem chain effectiveness, import limitations, new items, market development, and innovative leap forwards. The report additionally gives a steady and itemized investigation of latest things, openings/high development regions, and market drivers, which will help financial backers in formulating and adjusting their market methodologies dependent on momentum and future market elements. The exploration is a blend of direct information, subjective and quantitative investigation by industry experts, and contribution from industry experts and worth chain players. The subjective impact of key market elements on Mobile Phone Insurance Market fragments and locales is additionally portrayed in the review. The Market 2021 examination report is a specific and all around assessment of the above business that talks about new industry information, join sort fragment, industry piece, channel portion nearby their market size, both volume, and worth.
Mobile Phone Insurance Market, By Segmentaion:
Market by Type
Wireless Carrier
Mobile Phone Operators & Retailers
Other Channels
Market by Application
Physical Damage
Theft & Loss
Others
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It likewise examines the market size of significant fragments and their advancement highlights, just as development examples and primary players. This examination report gives an all out system of the Industry and arranges the most recent market plans, industry data. The market report gives a nitty gritty image of the current economic situation, including authentic and conjectured market size as far as worth and volume, specialized advancement, macroeconomic and market directing factors.
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