Mobile Phone Insurance Ecosystem- A Market with Huge Potential | Deutsche Telekom, Assurant, Asurion, Brightstar, Samsung Electronics

Latest business intelligence report released on Global Mobile Phone Insurance Ecosystem Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Mobile Phone Insurance Ecosystem market outlook.

List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis:
AmTrust International Underwriters (United Kingdom), Assurant Inc. (United States), Asurion LLC (United States), Brightstar Corporation (United States), GoCare Warranty Group (United States), AT&T Intellectual Property (United States), Apple Inc. (United States), Samsung Electronics (South Korea), Sprint Corporation (United States), Deutsche Telekom (Germany).

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Brief Overview on Mobile Phone Insurance Ecosystem:
Mobile insurance refers to a type of insurance cover that protects mobiles in the event of lost, stolen, or accidentally damaged, either in the domestic area or overseas. Mobile telephone assurance ecosystem is an inter-connected system enabling users in an integrated experience to meet a variety of needs and providing insurers and customers. Insurers use the ecosystem to provide their consumers with improved and timely services. The mobile insurance ecosystem also helps customers to verify important online information. North America is the most dominant regional market owing to extensive use of smartphones in the United States, technologically enhanced smartphones, high costs of mobile phones, and the growing trend of purchasing mobile phone insurance plans, have boosted the market growth in this region.

Market Growth Drivers:
Increasing Smartphone Users and Increasing Incidence of Phone Theft, Accidental Damage, Device Malfunction, and Device Loss
Growing Population and Large Volumes of Sales of Smartphones

Key Market Trends:
Latest Technological Developments such as IoT

Opportunities:
Mobile phone insurance plans have been most widely adopted for cases of physical damage to mobile phones, hence, provides a major growth opportunity for the United States market over the forecast timeline.
High Penetration across the Consumer Electronics

Segmentation of the Global Mobile Phone Insurance Ecosystem Market:
by Type (Wireless Carrier, OEM-Provided, Banks, Others (Insurance Specialists)), Application (Physical Damage, Theft & Loss, Others), Subscription Model (One Time Purchase, Monthly Subscription, Annually Subscription), Sales Channel (Mobile Operators, Device OEMs, Retailers & Others)

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Market Leaders and their expansionary development strategies
On December 17, 2020, Assurant, Inc., a leading global provider of lifestyle and housing solutions has announced the acquisition of EPG Insurance, Inc. (EPG) for USD 43 million in cash. EPG is a leading provider of service contracts and insurance sold through heavy equipment dealers and manufacturers.
On October 20, 2020, Assurant, a leading global provider of lifestyle and housing solutions that support, protect, and connect major consumer purchases, has partnered with Monzo Bank to provide end-to-end digital mobile phone insurance for Monzo customers, as part of the bank's new Monzo Premium account.

Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

Furthermore, the years considered for the study are as follows:
Historical data - 2016-2021
The base year for estimation - 2021
Estimated Year - 2022
Forecast period** - 2022 to 2027 [** unless otherwise stated]

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Summarized Extracts from TOC of Global Mobile Phone Insurance Ecosystem Market Study
Chapter 1: Exclusive Summary of the Mobile Phone Insurance Ecosystem market
Chapter 2: Objective of Study and Research Scope the Mobile Phone Insurance Ecosystem market
Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis
Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2027
Chapter 5: Decision Framework
Chapter 6: Market Dynamics- Drivers, Trends and Challenges
Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 8: Appendix, Methodology and Data Source

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