Global Mobile Phone Insurance Market 2018-2025
DUBLIN, Aug. 24, 2018 /PRNewswire/ --
The "Mobile Phone Insurance Market to 2025 - Global Analysis and Forecasts by Phone Type, Coverage, Sales Channel and End Users" report has been added to ResearchAndMarkets.com's offering.
The mobile phone insurance market is US$ 16,962.7 Mn in 2017 and is estimated to reach US$ $ 43,448 Mn by 2025
The global mobile phone insurance market is experiencing an intense growth with regards to the innovations and up gradations of policies and schemes being carried out by the market players and procurement of insurance policies for future in the current scenario. The mobile phone insurance market for consists of some well-established players across the globe, which invest huge amounts in order to deliver the most enhanced insurance solutions to the customers. The mobile phone insurance market is concentrated with mobile network operators, device OEMs, retailers and others. These market participants enhance their schemes as per the requirements of the customers.
The key trend which will predominantly affect the mobile phone insurance market in the coming year is increased convenience over the claiming procedures. The terms and conditions of the insurance market are sometimes very critical which pushes the customers to fail to recall the claiming procedures altogether. Various sellers offer set coverage and premium amount regardless of the smartphone or coverage required.
On the contrary, several sellers have different premium amounts for different coverage needed by the customers. At times, the coverage, and the premium amount differs according to the device i.e. iOS managed phone or Android-based phones. This causes more uncertainty among the customers in the adoption of mobile insurance. This factor possesses a significant opportunity for the insurers to simplify their terms and conditions and cover maximum possible insurance policies under one premium amount.
The global mobile phone insurance market is categorized on basis of different types of coverage as physical damage, electronic damage, virus protection and theft protection. The coverage offered by the companies are significantly attractive, depending upon the requirements of the customers. The physical damage protection is the most prominent damage protection plan insured by maximum customers, due to the fact that physical damage occurs unknowingly. Theft protection plans are also prominent among the population as the incidents of smartphone theft is gradually increasing in the current scenario.
On the other hand, technological problems also lead the customers to invest huge amounts in repairing the device. Similar is the scenario with virus infections. Pertaining to the potential threats associated with smartphones is increasing the interests among the customers to ensure their devices. This factor is bolstering the demand for various insurance coverage offered by different companies in the mobile phone insurance market.
Key Topics Covered:
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
2. Key Takeaways
3. Mobile Phone Insurance Meter Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Global Mobile Phone Insurance Market - by Phone Types
3.2.2 Global Mobile Phone Insurance Market - by Coverage
3.2.3 Global Mobile Phone Insurance Market - by Sales Channel
3.2.4 Global Mobile Phone Insurance Market - by End User
3.2.5 Global Mobile Phone Insurance Market - by Geography
3.3 Pest Analysis
4. Mobile Phone Insurance Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Increasing Number of Smartphone Users
4.1.2 Rising Incidents of Physical Damage, Technological Damage and Theft
4.2 Key Market Restraints
4.2.1 Fraudulent Policies and Claims Are Limiting the Market Growth
4.2.2 Lack of Awareness In the Developing Countries
4.3 Key Market Opportunities
4.3.1 Network Operators To Create Lucrative Market In Asia Pacific
4.4 Future Trends
4.4.1 Easing the Claiming Procedure
4.5 Impact Analysis of Drivers and Restraints
5. Mobile Phone Insurance Market - Global Market Analysis
5.1 Global Mobile Phone Insurance Market Overview
5.2 Global Mobile Phone Insurance Market Forecast and Analysis
6. Mobile Phone Insurance Market Revenue and Forecasts To 2025 - Phone Type
6.1 Overview
6.2 Global Mobile Phone Insurance Breakdown, by Phone Type, 2017 & 2025
6.3 New Phone Market
6.4 Refurbished Phone Market
7. Mobile Phone Insurance Market Revenue and Forecasts To 2025 - Coverage
7.1 Overview
7.2 Global Mobile Phone Insurance Market Breakdown, by Coverage, 2017 & 2025
7.3 Physical Damage Market
7.4 Electronic Damage Market
7.5 Virus Protection Market
7.6 Theft Protection Market
8. Mobile Phone Insurance Market Revenue and Forecasts To 2025 - Sales Channel
8.1 Overview
8.2 Global Mobile Phone Insurance Market Breakdown, by Sales Channel, 2017 & 2025
8.3 Mobile Operators Market
8.4 Device Oems Market
8.5 Retailers Market
8.6 Others Market
9. Mobile Phone Insurance Market Revenue and Forecasts To 2025 - End Users
9.1 Overview
9.2 Global Mobile Phone Insurance Market Breakdown, by End Users, 2017 & 2025
9.3 Corporate Market
9.4 Personal Market
10. Mobile Phone Insurance Meter Market - Geographical Analysis
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Competitive Landscape
12.1 Competitive Product Mapping
12.2 Market Positioning - Global Top 5 Players Ranking
13. Mobile Phone Insurance, Key Company Profiles
- Blackberry Limited
- American International Group, Inc.,
- Assurant, Inc.
- Asurion, Llc
- Pier Insurance Managed Services
- Vodafone Group Plc
- Brightstar Corp.
- At&T Inc.
- Three Ireland (Hutchison) Limited
- Trov, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/vnhlrf/global_mobile?w=5
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article