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Mobile Phone Insurance Market 2023 - By Future Insights, Dynamics, Latest Trends, Key Companies Analysis And Forecast To 2032
Mobile Phone Insurance Market
The Business Research Company's Mobile Phone Insurance Global Market Report 2023 identifies surge in the adoption of smartphones as the major driver for the Mobile Phone Insurance market's growth in the forecast period. A smartphone refers to a portable electronic gadget with a cellular network connection. A dependable mobile phone insurance plan will pay for any necessary repairs or replacements; therefore, the market for mobile phone insurance is anticipated to grow as more people adopt smartphones.
The global mobile phone insurance market size is expected to grow from $27.89 billion in 2022 to $31.45 billion in 2023 at a compound annual growth rate (CAGR) of 12.98%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mobile phone insurance market size is expected to reach $49.08 billion in 2027 at a CAGR of 12.30%.
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Major competitors in the Mobile Phone Insurance market are Apple Inc., AT&T Inc., Assurant Inc., Asurion, Aviva, Bolttech, Chubb, Digital Care, Servify, Singtel, U Mobile Sdn Bhd.
A key trend in the Mobile Phone Insurance market includes product innovation. Major companies operating in the mobile phone insurance market are focusing on developing new products. For instance, in July 2020, SK Telecom Co., Ltd., a Korea-based mobile operator, launched the Initial Mobile Phone Insurance Compensation Service. A unique feature of the Initial Mobile Phone Insurance Compensation Service is its blockchain-based mobile phone insurance claims service, which handles reimbursements without requiring traditional documents. The service center operators use a blockchain application created by SK Telecom to issue repair statements and receipts as electronic certificates. To expedite claims, this digital document is delivered right to the insurance provider for inspection.
Read More On The Global Mobile Phone Insurance Market Report Here:
https://www.thebusinessresearchcompany.com/report/mobile-phone-insurance-global-market-report
The Mobile Phone Insurance market is segmented -
• By Phone Type: Budget Phones, Mid And High-End Phones, Premium Smartphones
• By Coverage: Physical Damage, Internal Component Failure, Theft And Loss Protection, Virus And Data Protection, Other Coverages
• By Distribution Channel: Mobile Operators, Device OMEs (Original Equipment Manufacturer), Retailers, Online, Other Distribution Channels
• By End-User: Corporate, Personal
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Mobile Phone Insurance market.
The Business Research Company's "Global Mobile Phone Insurance Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Mobile Phone Insurance Market Report Here:
https://www.thebusinessresearchcompany.com/sample_request?id=9230&type=smp
The Table Of Content For The Mobile Phone Insurance Market Include:
1. Executive Summary
2. Mobile Phone Insurance Market Characteristics
3. Mobile Phone Insurance Market Trends And Strategies
4. Mobile Phone Insurance Market - Macro Economic Scenario
5. Mobile Phone Insurance Market Size And Growth
………………………………..
26. Africa Mobile Phone Insurance Market
27. Mobile Phone Insurance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mobile Phone Insurance Market
29. Mobile Phone Insurance Market Future Outlook and Potential Analysis
30. Appendix
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