Mobile Phone Insurance is defined as an insurance product that covers certain insured events arising in relation to mobile phones. This report is focused on insurance products that exclusively have their primary focus to provide coverage against some kind of damage (loss, theft, physical damage, etc.) of mobile phones.
Based on regions, North America and Europe are relatively mature market which are navigating the market. In 2018, total North America Mobile Phone Insurance Market Size is estimated to be 10625 Million USD, growing at a CAGR of 10.43% from 2013 to 2018. Total Europe Mobile Phone Insurance Market Size is estimated to be 6795 Million USD, growing at a CAGR of 11.72% from 2013 to 2018. APAC is expected to be the fastest growing market, especially for the rapid growing China and India market. In 2018, total APAC Mobile Phone Insurance Market Size is estimated to be 4111 Million USD, growing at a CAGR of 20.73% from 2013.
Based on sales channels, in an effort to boost the uptake of mobile phone insurance, wireless carriers and insurance providers have extensively enhanced their insurance offerings with the addition of location tracking, data protection/recovery features and integrated technical support. The success of mobile phone insurance plans has driven several wireless carriers, to invest in the sales of other insurance products through mobile phones and their retail outlets. New insurance models are also beginning to emerge. Device OEMs are beginning to invest in tailored plans to suit the specific requirements of certain regional markets.
According to this study, over the next five years the Mobile Phone Insurance market will register a 9.2% CAGR in terms of revenue, the global market size will reach US$ 34200 million by 2024, from US$ 20200 million in 2019. In particular, this report presents the global revenue market share of key companies in Mobile Phone Insurance business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Mobile Phone Insurance market by product type, application, key companies and key regions.
This study considers the Mobile Phone Insurance value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Mobile Phone Operators & Retailers
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Theft & Loss
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Mobile Phone Insurance market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Mobile Phone Insurance market by identifying its various subsegments.
Focuses on the key global Mobile Phone Insurance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Mobile Phone Insurance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Mobile Phone Insurance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.