DUBLIN, May 16, 2019 /PRNewswire/ -- The "Mobile Phone Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global mobile phone insurance market was valued at US$ 22.6 Billion in 2018
The mobile phone insurance is the coverage taken by the cellular phone users in order to protect their cell phones from various damages and losses. The coverage is provided to the insured in case of circumstances such as damage, fire, theft, accident, and other unexpected situations. Mobile phone insurance helps the consumer to evade expensive replacement costs in case of mobile phone loss or breakdown. The market consists of well-established players across the globe that invest significantly in order to deliver the most elaborate insurance solutions to the customers.
The increasing number of smartphones users and rising incidences of accidental damage, phone thefts, device malfunction, etc., are among the key factors driving the global mobile phone insurance market. Mobile phones are highly prone to physical and technical damages, and the rising cost of smartphones is driving the consumers towards opting for mobile phone insurance policies. Collaborations among mobile phone manufacturers and insurance regulators are also driving the market globally. Insurance vendors in the market are improving the policies with recovery features, data protection, and extensive technical support to the consumers while they claim their insurance.
Moreover, the emergence of multichannel interaction, direct-to-consumer insurance assistance, online transaction platforms, etc, are also driving the global mobile phone insurance market further. Other factors driving the market include rising demand of data and virus protection plans, improving access through improved distribution networks, rising demand of premium smart phones, etc.
Looking forward, the market is expected to reach a value of US$ 38.1 Billion by 2024, registering a CAGR of around 9% during 2019-2024.
Key Questions Answered in This Report:
- How has the global mobile phone insurance market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global mobile phone insurance industry?
- What is the breakup of the market based on the phone type?
- What is the breakup of the market based on the coverage?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the global mobile phone insurance industry?
- What are the key driving factors and challenges in the global mobile phone insurance industry?
- What is the structure of the global mobile phone insurance industry and who are the key players?
- What is the degree of competition in the global mobile phone insurance industry?
- What are the profit margins in the global mobile phone insurance industry?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Mobile Phone Insurance Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Phone Type
5.4 Market Breakup by Coverage
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by End-User
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup Phone Type
6.1 New Phone
6.1.1 Market Trends
6.1.2 Market Forecast
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Coverage
7.1 Physical Damage
7.2 Electronic Damage
7.3 Virus Protection
7.4 Data Protection
7.5 Theft Protection
8 Market Breakup by Distribution Channel
8.1 Mobile Operators
8.2 Device OEMs
9 Market Breakup by End-User
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.2 Allianz Insurance
15.3.3 AmTrust International Underwriters
15.3.7 Deutsche Telekom
15.3.8 Liberty Mutual Insurance Group
15.3.9 Pier Insurance Managed Services
15.3.10 Samsung Electronics
15.3.11 SoftBank Corporation
15.3.12 Sprint Corporation
15.3.13 Telefonica Insurance S.A
15.3.14 Verizon Communications
15.3.15 Vodafone Group
For more information about this report visit https://www.researchandmarkets.com/r/sxc2w
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