DUBLIN, August 25, 2016 /PRNewswire/ --
Research and Markets has announced the addition of SNS Research's new report "The Mobile Phone Insurance Ecosystem: 2016 - 2030 - Opportunities, Challenges, Strategies & Forecasts" to their offering.
The ""Mobile Phone Insurance Ecosystem: 2016 - 2030 - Opportunities, Challenges, Strategies & Forecasts"" report presents an in-depth assessment of the mobile phone insurance ecosystem including market drivers, challenges, opportunities, value chain, future roadmap, case studies, ecosystem player profiles and strategies. The report also presents market size forecasts from 2016 through to 2030. The forecasts are segmented for 5 regional and 25 country level markets.
Given the increasing prevalence of expensive household goods, cars and consumer electronics, insurance has become an unavoidable and often necessary cost in modern life. Mobile phones, and smartphones in particular are no exception to this trend.
Most major wireless carriers, insurance specialists, device OEMs, retailers and even banks now offer insurance plans that cover theft, loss, malfunctions and damage of mobile phones. Many policies now also integrate enhanced technical support and additional protection features such as data backup facilities, allowing users to securely backup their phone data online.
This report estimates that the global mobile phone insurance market is expected to account for nearly $20 Billion in revenue by the end of 2016. The market is further expected to grow at a CAGR of approximately 12% over the next four years, eventually accounting for over $30 Billion in revenue by the end of 2020.
- The report estimates that the global mobile phone insurance market is expected to account for nearly $20 Billion in revenue by the end of 2016.
- The market is further expected to grow at a CAGR of approximately 12% over the next four years, eventually accounting for over $30 Billion in revenue by the end of 2020.
- 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, such as NTT DoCoMo and Orange, to invest in the sales of other insurance products through mobile phones and their retail outlets.
- New insurance models are also beginning to emerge, such as London-based So-Sure's social insurance for mobile phones, which allows customers to get up to 80% of their money back, if they and their friends don't claim.
- Device OEMs are beginning to invest in tailored plans to suit the specific requirements of certain regional markets. A good example is Xiaomi's Mi Protect plan in India, which covers accidental and liquid damage, for as little as $7 per year.
Key Topics Covered:
2: An Overview of Mobile Phone Insurance
3: Value Chain & Future Roadmap
4: Case Studies
5: Key Market Players
6: Market Analysis & Forecasts
7: Conclusion & Strategic Recommendations
Companies Mentioned - Partial List
- A Wireless
- AIG (American International Group)
- AT&T Mobility
- Allianz Insurance
- Allianz SE Group
- AmTrust International Underwriters
- América Móvil
- Appalachian Wireless
- Mobi PCS
- Mobile Rhino (Stuckey & Company)
- NIA (New India Assurance)
- NQ Mobile
- Spark New Zealand
- Sprint Corporation
- Sun Corporation
- Supercover Insurance
- T-Mobile USA
- Telefónica Group
- Telefónica Insurance
- Verizon Wireless
- Vodafone Group
For more information visit http://www.researchandmarkets.com/research/jfwm4c/the_mobile_phone
Source: SNS Research
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mobile-phone-insurance-ecosystem-2016---2030---market-to-reach-30-billion-by-2020---research-and-markets-300318208.html
SOURCE Research and Markets