Press release
Asia-Pacific Mobile Insurance Market (2016-2023) - Research Nester
Market Size and Forecast
Asia-Pacific mobile insurance market was valued at USD 7.8 Billion in 2016 and is expected to reach to USD 17.6 Billion by the end of year 2023. The market is further expected to expand at a robust CAGR over the period 2016-2023. With such a significant growth, Asia Pacific region will be the largest region for the mobile phone insurance market in near future. India, China, Japan & Singapore are being potential regions for this market due to a continuous increase in personal disposable income in the Asia-Pacific region.
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Market Segmentation
Our in depth analysis of the Asia Pacific insurance market is segmented on the following basis:
By Risk Covered:
• Accidental Damage
• Physical/Liquid Damage
• Theft
• Damage due to fire
• Theft protection
• Unfortunate Accident
• Unauthorized calls
• Stolen
By Region
• India
• China
• Japan
• Singapore
• South Korea
• Australia
• New Zealand
• Rest of Asia Pacific
Growth Drivers and Challenges
The growth of Asia-Pacific mobile insurance market will be driven by the social media websites which will provide the effective platform to broaden the communication and marketing channels that are needed for launching new products and services. As a result, insurance providers will develop and deploy effective social media strategies in order to collect customer feedback, resolve queries in real-time, and provide product updates. Further, as the number of the consumers purchasing the insurance is increasing, Asia Pacific will present significant opportunities to the insurers resulting in the growth of the Asia Pacific mobile insurance market. Moreover, the market has also expanded due to the increase in the number of the mobile phones being purchased by the consumers and subsequently the rate at which they are purchased with warranties or extended warranties. Since Asia- Pacific is a region consists of the different countries, the rate of economic development and insurance penetration vary on a market to market basis. Mature markets, for example are more saturated which act as a restraint to the mobile insurance market.
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Key players
• HL Assurance
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
• SoftBank
• NTT DoCoMo
• Syska Gadget Secure
• AppsDaily
• SyncNScan
• New India Insurance
• Vodafone Australia
• Optus
• Virgin Mobile Australia
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Asia Pacific insurance market is segmented as follows:
By Region
• India
• China
• Japan
• Singapore
• South Korea
• Australia
• New Zealand
• Rest of Asia Pacific
Market Dynamics
Supply and Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
To know more about this research, kindly visit: http://www.researchnester.com/reports/asia-pacific-mobile-insurance-market-global-demand-analysis-opportunity-outlook-2023/257
Research Nester is a global market research and consulting firm helping organizations, private entities, governments undertaking, non-legislative associations and non-profit organizations. With our decades of experience in the market research, we help our clients to gain a competitive edge over other players. Thus, helping them making strategic yet dynamic decisions for the future investments.
Ajay Daniel
Email: ajay.daniel@researchnester.com
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Brooklyn, New York 11230
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