Press release
Mobile Handset Protection Market is Estimated to Touch US$ 51 Bn by the end of 2026|Xinapse Systems Ltd., Toshiba Medical Systems Corporation
Huge Demand of Global Mobile Handset Protection Market during 2022-2026New Study Reports " Mobile Handset Protection Market 2022: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2026″ has been Added on PMR.
Report Overview
The report on the Mobile Handset Protection Market provided based on the recent developments and data that has been collated from the previous year's looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2022 to 2026. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
The global mobile handset protection market is anticipated to grow at a higher rate to register a robust CAGR of 12.3% throughout the period of assessment. In 2017, this market reflected a value of about US$ 18.2 Bn and is estimated to touch a market valuation higher than US$ 51 Bn by the end of the year of assessment.
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Smartphones have become a basic necessity in this environment driven by communication and networking. The protection of this basic amenity is henceforth important and the importance of mobile handset protection is surging with several consumers opting for high protection for their expensive devices. Protection against theft, breakage, mechanical breakdown or any other form of accident is being acknowledged by a large number of individuals and it only becomes imperative to protect their devices which are now an integral part in almost every aspect in one's life. Persistence Market Research has crafted a new research report titled "Mobile Handset Protection Market: Global Industry Analysis (2012-2016) and Forecast (2017-2026)" and has included in-depth analysis on the various aspects of the global market.
Key Players:
The report has profiled some of the Important players prevalent in the global like - Xinapse Systems Ltd., Toshiba Medical Systems Corporation Siemens Healthineers, Walmart, Best Buy, Apple Inc., Microsoft Corporation, AT&T Mobility, T-Mobile, Verizon Wireless, American International Group, Inc., CAN Financial Corp., Asurion LLC, Liberty Mutual and SquareTrade and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Mobile Handset Protection.
Global Mobile Handset Protection Market: Factors Influencing Growth
The growth of the global market for mobile handset protection market is influenced by several aspects. Factors like rising adoption of smartphones at a global level, high growth of global insurance market, increasing accidents and incidences with smartphones and cost benefits associated with the purchasing a mobile handset protection policy as against replacing with a new device are driving the growth of the global mobile handset protection market. Trends such as mobile insurance with mobile buyback solutions and securing personal information in addition to the security of the handset is also boosting the growth of the global market. However, high subscription charges are hindering the growth of the global market.
Global Mobile Handset Protection Market: Segmental Snapshot
The global market for mobile handset protection is segmented on the basis of protection provider, by pricing model, by sales channel and by region.
By region, Asia Pacific excluding Japan (APEJ) is expected to show increased inclination towards adoption of mobile handset protection. Mobile handset protection market in this region is projected to grow at the highest CAGR of 16.4% during the forecast period. However, North America region is the largest in terms of market share and is likely to lead the global market in the coming years
By protection provider, direct to consumer services segment is expected to dominate the global market with a high market valuation and is estimated to grow at a noteworthy rate throughout the assessment period
By pricing model, billed by carrier/ OEM segment is estimated to be the largest with a high growth potential and is projected to register a high CAGR of 13.1% during 2017-2026. This segment is estimated to touch a value higher than US$ 24 Bn by the end of the year of assessment
By sales channel, retail chains are a much promising channel and a lucrative segment contributing to the growth of the global market. This segment is valued at about US$ 9.1 Bn in 2017. The E-commerce/online segment is projected to expand at the highest CAGR during the forecast period.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders:
Mobile Handset Protection Market Manufacturers
Mobile Handset Protection Market Distributors/Traders/Wholesalers
Mobile Handset Protection Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Mobile Handset Protection Market - Report Highlights
A detailed overview of parent market of Mobile Handset Protection market
Changing Mobile Handset Protection market dynamics in the industry
In-depth segmentation of the Mobile Handset Protection market
Historical, current, and projected Mobile Handset Protection market size regarding volume and value
Recent industry trends and developments in Mobile Handset Protection market
Competitive landscape of the Mobile Handset Protection market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Mobile Handset Protection market performance
Must-have information for Mobile Handset Protection market players to sustain and enhance their market footprint.
Key Questions Answered in This Report:
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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